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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Investment management fees $ 67,119 $ 47,985 $ 189,371 $ 134,710
Distribution and service fees 20,322 14,661 57,007 40,969
Administration and transfer agent fees 12,492 8,774 35,248 24,199
Other income and fees 476 531 1,091 1,289
Total revenues 100,409 71,951 282,717 201,167
Operating Expenses        
Employment expenses 33,022 25,899 98,311 77,724
Distribution and administration expenses 25,253 17,764 71,133 52,483
Other operating expenses 8,538 8,346 27,778 25,274
Other operating expenses of consolidated sponsored investment products 231 154 547 154
Restructuring and severance   555 203 1,349
Depreciation expense 610 435 1,782 1,194
Amortization expense 1,125 1,031 3,351 3,016
Total operating expenses 68,779 54,184 203,105 161,194
Operating Income 31,630 17,767 79,612 39,973
Other Income (Expense)        
Realized and unrealized gain on trading securities, net 1,285 629 1,887 1,639
Realized and unrealized gain (loss) on investments of consolidated sponsored investment products, net 324 541 (2,460) 541
Other income (expense), net 111 (16) 82 (16)
Total other income (expense), net 1,720 1,154 (491) 2,164
Interest Income (Expense)        
Interest expense (207) (196) (634) (671)
Interest and dividend income 126 98 426 375
Interest and dividend income of investments of consolidated sponsored investment products 600 98 1,692 98
Total interest income (expense), net 519 0 1,484 (198)
Income Before Income Taxes 33,869 18,921 80,605 41,939
Income tax expense 12,567 7,279 30,335 16,480
Net Income 21,302 11,642 50,270 25,459
Noncontrolling interests (213)    164   
Allocation of earnings to preferred stockholders          (64)
Net Income Attributable to Common Stockholders $ 21,089 $ 11,642 $ 50,434 $ 25,395
Earnings per share - Basic $ 2.64 $ 1.48 $ 6.40 $ 3.30
Earnings per share - Diluted $ 2.56 $ 1.43 $ 6.21 $ 3.15
Weighted Average Shares Outstanding - Basic (in thousands) 7,995 7,843 7,879 7,692
Weighted Average Shares Outstanding - Diluted (in thousands) 8,227 8,117 8,125 8,055