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v2.4.1.9

Consolidated Statements of Income (USD $) | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
REVENUES: |  |
Investment advisory | $ 25,400,536 us-gaap_InvestmentAdvisoryFees | $ 19,910,807 us-gaap_InvestmentAdvisoryFees
Mutual fund administration, net | 3,917,871 dhil_RevenueFromAdministrativeServicesNet | 3,278,290 dhil_RevenueFromAdministrativeServicesNet
Total revenue | 29,318,407 us-gaap_Revenues | 23,189,097 us-gaap_Revenues
OPERATING EXPENSES: |  |
Compensation and related costs | 12,784,781 us-gaap_LaborAndRelatedExpense | 11,871,954 us-gaap_LaborAndRelatedExpense
General and administrative | 1,993,547 us-gaap_GeneralAndAdministrativeExpense | 1,581,356 us-gaap_GeneralAndAdministrativeExpense
Sales and marketing | 609,700 us-gaap_SellingAndMarketingExpense | 491,882 us-gaap_SellingAndMarketingExpense
Mutual fund administration | 736,373 us-gaap_AssetManagementCosts | 672,121 us-gaap_AssetManagementCosts
Total operating expenses | 16,124,401 us-gaap_OperatingExpenses | 14,617,313 us-gaap_OperatingExpenses
NET OPERATING INCOME | 13,194,006 us-gaap_OperatingIncomeLoss | 8,571,784 us-gaap_OperatingIncomeLoss
Investment income | 1,344,683 us-gaap_InvestmentIncomeNonoperating | 516,529 us-gaap_InvestmentIncomeNonoperating
INCOME BEFORE TAXES | 14,538,689 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 9,088,313 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense | (5,026,067)us-gaap_IncomeTaxExpenseBenefit | (3,338,715)us-gaap_IncomeTaxExpenseBenefit
NET INCOME | $ 9,512,622 us-gaap_NetIncomeLoss | $ 5,749,598 us-gaap_NetIncomeLoss
Earnings per share |  |
Basic (USD per share) | $ 2.96 us-gaap_EarningsPerShareBasic | $ 1.82 us-gaap_EarningsPerShareBasic
Diluted (USD per share) | $ 2.89 us-gaap_EarningsPerShareDiluted | $ 1.78 us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding |  |
Basic (in shares) | 3,218,154 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 3,165,940 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) | 3,296,168 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 3,230,900 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

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