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v3.7.0.1

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Revenues |  |
Investment management fees | $ 59,271 | $ 57,644
Distribution and service fees | 10,783 | 12,478
Administration and transfer agent fees | 8,981 | 9,998
Other income and fees | 741 | 175
Total revenues | 79,776 | 80,295
Operating Expenses |  |
Employment expenses | 39,641 | 35,977
Distribution and other asset-based expenses | 15,323 | 18,101
Other operating expenses | 13,226 | 10,765
Depreciation and other amortization | 664 | 862
Amortization expense | 233 | 651
Total operating expenses | 69,729 | 67,545
Operating Income | 10,047 | 12,750
Other Income (Expense) |  |
Realized and unrealized gain (loss) on investments, net | 297 | (658)
Other income, net | 646 | 228
Total other income, net | 5,387 | 2,100
Interest Income (Expense) |  |
Interest and dividend income | 188 | 273
Total interest income, net | 2,744 | 4,576
Income Before Income Taxes | 18,178 | 19,426
Income tax expense | 4,433 | 7,556
Net Income | 13,745 | 11,870
Noncontrolling interests | (718) | 493
Net Income Attributable to Stockholders | 13,027 | 12,363
Preferred stockholder dividends | (2,084) | 0
Net Income Attributable to Common Stockholders | $ 10,943 | $ 12,363
Earnings per share—Basic (in $ per share) | $ 1.67 | $ 1.48
Earnings per Share—Diluted (in $ per share) | 1.62 | 1.45
Cash Dividends Declared per Preferred Share (in $ per share) | 1.8125 | 0
Cash Dividends Declared per Common Share (in $ per share) | $ 0.45 | $ 0.45
Weighted Average Shares Outstanding—Basic (in shares) | 6,542 | 8,344
Weighted Average Shares Outstanding—Diluted (in shares) | 6,773 | 8,506
Parent |  |
Interest Income (Expense) |  |
Interest expense | $ (243) | $ (132)
Consolidated Sponsored Investment Products |  |
Operating Expenses |  |
Other operating expenses | 577 | 1,133
Other Income (Expense) |  |
Realized and unrealized gain (loss) on investments, net | 3,726 | 295
Interest Income (Expense) |  |
Interest and dividend income | 1,495 | 2,961
Consolidated Investment Product |  |
Revenues |  |
Total revenues | 4,879 |
Operating Expenses |  |
Other operating expenses | 65 | 56
Other Income (Expense) |  |
Realized and unrealized gain (loss) on investments, net | 718 | 2,235
Interest Income (Expense) |  |
Interest expense | (2,857) | (732)
Interest and dividend income | 4,161 | $ 2,206
Net Income Attributable to Common Stockholders | $ 1,957 |

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