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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Investment management fees $ 47,985 $ 37,053 $ 134,710 $ 97,365
Distribution and service fees 14,661 11,435 40,969 32,295
Administration and transfer agent fees 8,774 6,363 24,199 17,353
Other income and fees 531 606 1,289 1,467
Total revenues 71,951 55,457 201,167 148,480
Operating Expenses        
Employment expenses 25,899 25,526 77,724 68,145
Distribution and administration expenses 17,764 23,250 52,483 46,694
Other operating expenses 8,346 7,436 25,274 22,722
Other operating expenses of consolidated sponsored investment products 154 0 154 0
Restructuring and severance 555 7 1,349 748
Depreciation and other amortization 435 453 1,194 1,427
Intangible asset amortization 1,031 978 3,016 3,035
Total operating expenses 54,184 57,650 161,194 142,771
Operating Income (Loss) 17,767 (2,193) 39,973 5,709
Other Income (Expense)        
Realized and unrealized gain (loss) on trading securities, net 629 (1,576) 1,639 (737)
Realized and unrealized gain on investments of consolidated sponsored investment products, net 541 0 541 0
Other income (expense), net (16) 4 (16) (208)
Total other income (expense), net 1,154 (1,572) 2,164 (945)
Interest Income (Expense)        
Interest expense (196) (189) (671) (592)
Interest and dividend income 98 81 375 192
Interest and dividend income of investments of consolidated sponsored investment products 98 0 98 0
Total interest expense, net 0 (108) (198) (400)
Income (Loss) Before Income Taxes 18,921 (3,873) 41,939 4,364
Income tax expense (benefit) 7,279 (1,095) 16,480 (391)
Net Income (Loss) 11,642 (2,778) 25,459 4,755
Noncontrolling interests 0 0 0 0
Preferred stockholder dividends 0 (705) 0 (2,113)
Allocation of earnings to preferred stockholders 0 0 (64) (476)
Net Income (Loss) Attributable to Common Stockholders $ 11,642 $ (3,483) $ 25,395 $ 2,166
Earnings (Loss) per share - Basic $ 1.48 $ (0.56) $ 3.30 $ 0.35
Earnings (Loss) per share - Diluted $ 1.43 $ (0.56) $ 3.15 $ 0.31
Weighted Average Shares Outstanding - Basic (in thousands) 7,843 6,219 7,692 6,222
Weighted Average Shares Outstanding - Diluted (in thousands) 8,117 6,219 8,055 6,895