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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenues $ 216,897 $ 144,566
Operating Expenses    
Employment expenses 91,759 66,130
Distribution and other asset-based expenses 32,294 19,409
Depreciation expense 1,098 1,258
Amortization expense 9,465 7,533
Total operating expenses 154,755 119,964
Operating Income (Loss) 62,142 24,602
Other Income (Expense)    
Other income (expense), net 1,771 612
Total other income (expense), net (2,025) (15,601)
Interest Income (Expense)    
Total interest income (expense), net 7,250 2,296
Income (Loss) Before Income Taxes 67,367 11,297
Income tax expense (benefit) 15,153 10,291
Net Income (Loss) 52,214 1,006
Noncontrolling interests (15,626) (5,291)
Net Income (Loss) Attributable to Common Stockholders $ 36,588 $ (4,285)
Earnings (Loss) per share—Basic (in $ per share) $ 4.79 $ (0.58)
Earnings (Loss) per Share—Diluted (in $ per share) $ 4.54 $ (0.58)
Weighted Average Shares Outstanding—Basic (in shares) 7,633 7,422
Weighted Average Shares Outstanding—Diluted (in shares) 8,052 7,422
Consolidated Investment Products    
Operating Expenses    
Other operating expenses $ 559 $ 6,749
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (4,687) (8,669)
Interest Income (Expense)    
Interest expense (14,448) (24,486)
Interest and dividend income 23,876 29,229
Consolidated entity excluding consolidated investment products    
Operating Expenses    
Other operating expenses 19,580 18,885
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 891 (7,544)
Interest Income (Expense)    
Interest expense (2,314) (3,199)
Interest and dividend income 136 752
Investment management fees    
Revenues    
Revenues 173,269 120,288
Distribution and service fees    
Revenues    
Revenues 20,348 9,460
Administration and shareholder service fees    
Revenues    
Revenues 22,560 14,653
Other income and fees    
Revenues    
Revenues $ 720 $ 165