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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Investment management fees $ 57,777 $ 41,847
Distribution and service fees 17,361 12,721
Administration and transfer agent fees 10,695 7,402
Other income and fees 335 428
Total revenues 86,168 62,398
Operating Expenses    
Employment expenses 32,411 26,318
Distribution and administration expenses 21,628 18,923
Other operating expenses 8,957 7,893
Other operating expenses of consolidated sponsored investment products 184  
Restructuring and severance 203  
Depreciation and other amortization 575 323
Amortization expense 1,110 988
Total operating expenses 65,068 54,445
Operating Income 21,100 7,953
Other Income (Expense)    
Realized and unrealized gain on trading securities, net 825 1,224
Realized and unrealized gain on investments of consolidated sponsored investment products, net 372  
Other expense, net (18)  
Total other income, net 1,179 1,224
Interest Income (Expense)    
Interest expense (221) (201)
Interest and dividend income 97 106
Interest and dividend income of investments of consolidated sponsored investment products 480  
Total interest income (expense), net 356 (95)
Income Before Income Taxes 22,635 9,082
Income tax expense 8,450 3,632
Net Income 14,185 5,450
Noncontrolling interests (225)  
Allocation of earnings to preferred stockholders   (64)
Net Income Attributable to Common Stockholders $ 13,960 $ 5,386
Earnings per share - Basic $ 1.79 $ 0.72
Earnings per share - Diluted $ 1.73 $ 0.68
Weighted Average Shares Outstanding - Basic (in thousands) 7,820 7,468
Weighted Average Shares Outstanding - Diluted (in thousands) 8,088 7,966