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v3.8.0.1

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Cash Flows from Operating Activities: |  |
Net income (loss) | $ 23,827 | $ 13,745
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Depreciation expense, intangible asset and other amortization | 6,819 | 960
Stock-based compensation | 5,909 | 3,491
Amortization of deferred commissions | 737 | 516
Payments of deferred commissions | (1,075) | (671)
Equity in earnings of equity method investments | (1,322) | (629)
Sales (purchases) of trading securities, net | 4,718 | 2,396
Deferred taxes, net | 646 | 2,817
Changes in operating assets and liabilities: |  |
Accounts receivable, net and other assets | 2,629 | (13,013)
Accrued compensation and benefits, accounts payable, accrued liabilities and other liabilities | (51,148) | (24,305)
Operating activities of consolidated investment products (CIP): |  |
Net cash provided by (used in) operating activities | (61,755) | (15,182)
Cash Flows from Investing Activities: |  |
Capital expenditures | (1,275) | (369)
Purchases of available-for-sale securities | (20,302) | (66)
Net cash provided by (used in) investing activities | (21,577) | 5,180
Cash Flows from Financing Activities: |  |
Repayments on debt | (650) | (30,000)
Payment of deferred financing costs | (3,400) | (61)
Proceeds from issuance of mandatory convertible preferred stock, net of issuance costs | 0 | 111,280
Proceeds from issuance of common stock, net of issuance costs | 0 | 109,762
Common stock dividends paid | (3,412) | (2,894)
Preferred stock dividends paid | (2,084) | 0
Stock options exercised | 698 | 86
Taxes paid related to net share settlement of restricted stock units | (5,014) | (2,464)
Contributions (redemptions) of noncontrolling interests, net | (589) | (6,091)
Net cash provided by (used in) financing activities | (14,451) | 179,191
Net increase (decrease) in cash and cash equivalents | (97,783) | 169,189
Cash and cash equivalents, beginning of period | 234,282 | 83,671
Cash and Cash Equivalent, End of Period | 136,499 | 252,860
Non-Cash Investing Activities: |  |
Change in accrual for capital expenditures | (375) | (166)
Non-Cash Financing Activities: |  |
Increase (decrease) to noncontrolling interest due to consolidation (deconsolidation) of CIP, net | 0 | 13,083
Cash and Cash Equivalents [Abstract] |  |
Cash and cash equivalents | 234,282 | 83,671
Consolidated entity excluding consolidated investment products |  |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Realized and unrealized (gains) losses on trading securities, net | (333) | (297)
Cash Flows from Financing Activities: |  |
Cash and cash equivalents, beginning of period | 132,150 |
Cash and Cash Equivalent, End of Period | 80,764 |
Cash and Cash Equivalents [Abstract] |  |
Cash and cash equivalents | 132,150 |
Consolidated investment products |  |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |
Realized and unrealized (gains) losses on trading securities, net | (2,382) | (4,857)
Operating activities of consolidated investment products (CIP): |  |
Purchases of investments by CIP | (264,398) | (92,478)
Sales of investments by CIP | 217,564 | 98,191
Net purchases of short term investments by CIP | (177) | (1,735)
Sales (purchases) of securities sold short by CIP, net | 190 | (20)
Change in other assets of CIP | (492) | 535
Change in liabilities of CIP | (3,467) | 172
Cash Flows from Investing Activities: |  |
Change in cash and cash equivalents of CIP due to consolidation, net | 0 | 5,615
Cash Flows from Financing Activities: |  |
Borrowings (Payments) on borrowings by CIP | 0 | 73
Proceeds from issuance of notes payable by CIP | 350,000 | 0
Repayment of notes payable by CIP | (350,000) | $ (500)
Cash and cash equivalents, beginning of period | 101,315 |
Cash and Cash Equivalent, End of Period | 54,836 |
Cash and Cash Equivalents [Abstract] |  |
Cash and cash equivalents | $ 101,315 |

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- Definition The cash inflow from the additional capital contribution to the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3255-108585 + Details
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- Definition The cash inflow from issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity's common stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3255-108585 + Details
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- Definition The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3255-108585 + Details
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- Definition Amount of cash inflow from debt classified as other. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3255-108585 + Details
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- Definition Amount of cash inflow (outflow) from sales and purchases of trading securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=82896770&loc=d3e26853-111562 + Details
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- Definition Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3291-108585 + Details
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- Definition Cash received from sale of investments in debt and equity securities, classified as operating activities, during the period; includes trading securities and any other investments classified as operating. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3536-108585 + Details
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- Definition Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3255-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=96867065&loc=SL79508275-113901 + Details
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591552-111686 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=96868048&loc=SL4569616-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=84161450&loc=SL4573702-111684 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591551-111686 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=84161450&loc=SL4573702-111684 + Details
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- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3291-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition The cash outflow for a borrowing supported by a written promise to pay an obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3291-108585 + Details
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 + Details
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- Definition Change in accruals or liabilities for capital expenditures. + References No definition available. + Details
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- Definition Increase (Decrease) In Cash And Cash Equivalents Of Subsidiaries Due To Consolidation + References No definition available. + Details
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- Definition Non Cash Financing Activities [Abstract] + References No definition available. + Details
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- Definition Proceeds From (Payments For) Other Investments, Operating Activities + References No definition available. + Details
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