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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 42,288 $ 45,267
Cash and cash equivalents of consolidated sponsored investment products 947 0
Trading securities, at fair value 13,473 12,526
Available-for-sale securities, at fair value 2,612 2,469
Investments of consolidated sponsored investment products 35,560 0
Accounts receivable, net 32,836 27,089
Deferred taxes, net 1,593 1,593
Prepaid expenses and other assets 3,572 3,651
Other current assets of consolidated sponsored investment products 1,396 0
Total current assets 134,277 92,595
Furniture, equipment, and leasehold improvements, net 6,878 5,453
Intangible assets, net 49,553 52,096
Goodwill 4,795 4,795
Deferred taxes, net 106,182 122,099
Long-term investments ($3,355 and $2,826 at fair value, respectively) and other assets 10,294 9,341
Total assets 311,979 286,379
Current Liabilities    
Accrued compensation and benefits 30,162 31,171
Accounts payable 6,625 5,031
Other accrued liabilities 8,090 5,661
Other current liabilities of consolidated sponsored investment products 2,182 0
Broker-dealer payable 5,390 4,794
Total current liabilities 52,449 46,657
Long-term debt 15,000 15,000
Lease obligations and other long-term liabilities 7,598 6,350
Total liabilities 75,047 68,007
Commitments and Contingencies (Note 14)      
Redeemable noncontrolling interests 235 0
Series B redeemable convertible preferred stock (stated at liquidation value), $.01 par value, 45,000 shares authorized, 35,217 shares issued and outstanding, at December 31, 2011 0 35,217
Equity attributable to stockholders:    
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 8,027,412 shares issued and 7,837,412 shares outstanding at September 30, 2012 and 6,343,295 shares issued and 6,188,295 shares outstanding at December 31, 2011 80 63
Additional paid-in capital 941,163 909,983
Accumulated deficit (692,624) (718,083)
Accumulated other comprehensive loss (68) (14)
Treasury stock, at cost, 190,000 and 155,000 shares at September 30, 2012 and December 31, 2011, respectively (11,854) (8,794)
Total equity attributable to stockholders 236,697 183,155
Total liabilities and stockholders' equity $ 311,979 $ 286,379