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Consolidated Statements of Shareholders’ Equity and Redeemable Noncontrolling Interest (unaudited) - USD ($)
Total
Common Stock
Deferred Equity Compensation
Retained Earnings
Beginning balance (shares) at Dec. 31, 2017   3,470,428    
Beginning Balance at Dec. 31, 2017 $ 172,443,820 $ 118,209,111 $ (19,134,963) $ 73,369,672
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   61,650    
Issuance of restricted stock grants   $ 11,917,937 (11,917,937)  
Amortization of restricted stock grants 3,016,235   3,016,235  
Issuance of stock grants (in shares)   20,153    
Issuance of stock grants 4,109,197 $ 4,109,197    
Issuance of common stock related to 401k plan match (in shares)   5,242    
Issuance of common stock related to 401k plan match 1,067,125 $ 1,067,125    
Shares withheld related to employee tax withholding (in shares)   (4,439)    
Shares withheld related to employee tax withholding (917,163) $ (917,163)    
Forfeiture of restricted stock grants (shares)   (20,400)    
Forfeiture of restricted stock grants   $ (4,016,796) 4,016,796  
Net income 27,359,828     27,359,828
Ending balance (shares) at Jun. 30, 2018   3,532,634    
Ending Balance at Jun. 30, 2018 207,079,042 $ 130,369,411 (24,019,869) 100,729,500
Beginning balance attributable to redeemable noncontrolling Interests at Dec. 31, 2017 20,076,806      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest 480,323      
Net subscriptions of consolidated funds 13,776,032      
Net consolidations (deconsolidations) of Company sponsored investments 16,444,640      
Ending balance attributable to redeemable noncontrolling Interests at Jun. 30, 2018 50,777,801      
Beginning balance (shares) at Mar. 31, 2018   3,518,957    
Beginning Balance at Mar. 31, 2018 190,892,615 $ 128,441,231 (23,907,748) 86,359,132
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   29,600    
Issuance of restricted stock grants   $ 5,162,829 (5,162,829)  
Amortization of restricted stock grants 1,637,312   1,637,312  
Issuance of common stock related to 401k plan match (in shares)   2,989    
Issuance of common stock related to 401k plan match 594,346 $ 594,346    
Shares withheld related to employee tax withholding (in shares)   2,012    
Shares withheld related to employee tax withholding (415,599) $ (415,599)    
Forfeiture of restricted stock grants (shares)   (16,900)    
Forfeiture of restricted stock grants   $ (3,413,396) 3,413,396  
Net income 14,370,368     14,370,368
Ending balance (shares) at Jun. 30, 2018   3,532,634    
Ending Balance at Jun. 30, 2018 207,079,042 $ 130,369,411 (24,019,869) 100,729,500
Beginning balance attributable to redeemable noncontrolling Interests at Mar. 31, 2018 41,660,307      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest 527,655      
Net subscriptions of consolidated funds 8,589,839      
Ending balance attributable to redeemable noncontrolling Interests at Jun. 30, 2018 $ 50,777,801      
Beginning balance (shares) at Dec. 31, 2018 3,470,428 3,499,285    
Beginning Balance at Dec. 31, 2018 $ 195,575,943 $ 124,933,060 (22,008,054) 92,650,937
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   29,050    
Issuance of restricted stock grants   $ 4,025,821 (4,025,821)  
Amortization of restricted stock grants 3,375,716   3,375,716  
Issuance of stock grants (in shares)   24,048    
Issuance of stock grants 3,655,296 $ 3,655,296    
Issuance of common stock related to 401k plan match (in shares)   8,476    
Issuance of common stock related to 401k plan match 1,221,615 $ 1,221,615    
Shares withheld related to employee tax withholding (in shares)   (4,300)    
Shares withheld related to employee tax withholding (602,000) $ (602,000)    
Forfeiture of restricted stock grants (shares)   (4,500)    
Forfeiture of restricted stock grants   $ (738,457) 738,457  
Repurchase of common stock (shares)   (108,595)    
Repurchase of common stock (15,659,626) $ (15,659,626)    
Net income $ 30,127,794     30,127,794
Ending balance (shares) at Jun. 30, 2019 3,443,464 3,443,464    
Ending Balance at Jun. 30, 2019 $ 217,694,738 $ 116,835,709 (21,919,702) 122,778,731
Beginning balance attributable to redeemable noncontrolling Interests at Dec. 31, 2018 62,679,687      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest 3,585,622      
Net subscriptions of consolidated funds 5,151,829      
Net consolidations (deconsolidations) of Company sponsored investments (37,340,788)      
Ending balance attributable to redeemable noncontrolling Interests at Jun. 30, 2019 34,076,350      
Beginning balance (shares) at Mar. 31, 2019   3,494,599    
Beginning Balance at Mar. 31, 2019 210,410,850 $ 124,484,045 (23,656,774) 109,583,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   4,175    
Issuance of restricted stock grants   $ 166,521 (166,521)  
Amortization of restricted stock grants 1,853,743   1,853,743  
Issuance of common stock related to 401k plan match (in shares)   4,190    
Issuance of common stock related to 401k plan match 589,565 $ 589,565    
Shares withheld related to employee tax withholding (in shares)   4,300    
Shares withheld related to employee tax withholding (602,000) $ (602,000)    
Forfeiture of restricted stock grants (shares)   (250)    
Forfeiture of restricted stock grants   $ (49,850) 49,850  
Repurchase of common stock (shares)   (54,950)    
Repurchase of common stock (7,752,572) $ (7,752,572)    
Net income $ 13,195,152     13,195,152
Ending balance (shares) at Jun. 30, 2019 3,443,464 3,443,464    
Ending Balance at Jun. 30, 2019 $ 217,694,738 $ 116,835,709 $ (21,919,702) $ 122,778,731
Beginning balance attributable to redeemable noncontrolling Interests at Mar. 31, 2019 36,249,454      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest 962,417      
Net subscriptions of consolidated funds 6,880,706      
Net consolidations (deconsolidations) of Company sponsored investments (10,016,227)      
Ending balance attributable to redeemable noncontrolling Interests at Jun. 30, 2019 $ 34,076,350