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v3.6.0.2

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Revenues |  |  |
Investment management fees | $ 235,230 | $ 264,865 | $ 300,663
Distribution and service fees | 48,250 | 67,066 | 91,950
Administration and transfer agent fees | 38,261 | 48,247 | 56,016
Other income and fees | 813 | 1,799 | 1,969
Total revenues | 322,554 | 381,977 | 450,598
Operating Expenses |  |  |
Employment expenses | 135,641 | 137,095 | 139,809
Distribution and other asset-based expenses | 69,049 | 89,731 | 123,665
Restructuring and severance | 4,270 | 0 | 294
Depreciation and other amortization | 3,092 | 3,443 | 2,763
Amortization expense | 2,461 | 3,295 | 3,778
Total operating expenses | 271,740 | 301,599 | 319,878
Operating Income | 50,814 | 80,378 | 130,720
Other Income (Expense) |  |  |
Other income, net | 1,089 | 898 | 891
Total other income (expense), net | 8,819 | (26,650) | (2,843)
Interest Income (Expense) |  |  |
Total interest income, net | 10,174 | 13,915 | 8,437
Income Before Income Taxes | 69,807 | 67,643 | 136,314
Income tax expense | 21,044 | 36,972 | 39,349
Net Income | 48,763 | 30,671 | 96,965
Noncontrolling interests | (261) | 4,435 | 735
Net Income Attributable to Common Stockholders | $ 48,502 | $ 35,106 | $ 97,700
Earnings per share—Basic (in $ per share) | $ 6.34 | $ 3.99 | $ 10.75
Earnings per Share—Diluted (in $ per share) | 6.20 | 3.92 | 10.51
Cash Dividends Declared per Share (in $ per share) | $ 1.8 | $ 1.8 | $ 1.35
Weighted Average Shares Outstanding—Basic (in shares) | 7,648 | 8,797 | 9,091
Weighted Average Shares Outstanding—Diluted (in shares) | 7,822 | 8,960 | 9,292
Parent [Member] |  |  |
Operating Expenses |  |  |
Other operating expenses | $ 50,274 | $ 63,901 | $ 46,531
Other Income (Expense) |  |  |
Realized and unrealized gain (loss) on investments, net | 4,982 | (862) | 914
Interest Income (Expense) |  |  |
Interest expense | (679) | (523) | (537)
Interest and dividend income | 1,743 | 1,261 | 1,706
Consolidated Sponsored Investment Products [Member] |  |  |
Operating Expenses |  |  |
Other operating expenses | 3,009 | 4,134 | 3,038
Other Income (Expense) |  |  |
Realized and unrealized gain (loss) on investments, net | 3,818 | (23,181) | (4,648)
Interest Income (Expense) |  |  |
Interest and dividend income | 7,509 | 11,504 | 7,268
Consolidated Investment Product [Member] |  |  |
Revenues |  |  |
Total revenues | 11,823 |  |
Operating Expenses |  |  |
Other operating expenses | 3,944 | 0 | 0
Other Income (Expense) |  |  |
Realized and unrealized gain (loss) on investments, net | (1,070) | (3,505) | 0
Interest Income (Expense) |  |  |
Interest expense | (11,292) | (484) | 0
Interest and dividend income | 12,893 | $ 2,157 | $ 0
Net Income Attributable to Common Stockholders | $ (3,413) |  |

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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1505-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1448-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Weighted-Average Number of Common Shares Outstanding -URI http://asc.fasb.org/extlink&oid=6528421 + Details
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- Definition Amortization of Intangible Assets and Contingent Amortization + References No definition available. + Details
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