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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, 2018   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    
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    
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      
Beginning balance (shares) at Dec. 31, 2019 3,294,672 3,294,672    
Beginning Balance at Dec. 31, 2019 $ 192,855,681 $ 95,853,477 (20,331,890) 117,334,094
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   16,865    
Issuance of restricted stock grants   $ 1,810,399 (1,810,399)  
Amortization of restricted stock grants 2,346,823   2,346,823  
Issuance of stock grants (in shares)   23,640    
Issuance of stock grants 3,396,359 $ 3,396,359    
Issuance of common stock related to 401k plan match (in shares)   11,719    
Issuance of common stock related to 401k plan match 1,289,108 $ 1,289,108    
Shares withheld related to employee tax withholding (in shares)   (15,432)    
Shares withheld related to employee tax withholding (1,483,030) $ (1,483,030)    
Forfeiture of restricted stock grants (shares)   (14,525)    
Forfeiture of restricted stock grants   $ (2,691,994) 2,691,994  
Repurchase of common stock (shares)   (104,015)    
Repurchase of common stock (11,984,473) $ (11,984,473)    
Net income $ 13,730,798     13,730,798
Ending balance (shares) at Jun. 30, 2020 3,212,924 3,212,924    
Ending Balance at Jun. 30, 2020 $ 200,151,266 $ 86,189,846 (17,103,472) 131,064,892
Beginning balance attributable to redeemable noncontrolling Interests at Dec. 31, 2019 14,178,824      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest 2,620,687      
Net subscriptions of consolidated funds (1,986,415)      
Ending balance attributable to redeemable noncontrolling Interests at Jun. 30, 2020 9,571,722      
Beginning balance (shares) at Mar. 31, 2020   3,247,515    
Beginning Balance at Mar. 31, 2020 190,779,920 $ 90,602,468 (18,686,750) 118,864,202
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   13,015    
Issuance of restricted stock grants   $ 1,462,975 (1,462,975)  
Amortization of restricted stock grants 560,606   560,606  
Issuance of common stock related to 401k plan match (in shares)   6,403    
Issuance of common stock related to 401k plan match 642,008 $ 642,008    
Shares withheld related to employee tax withholding (in shares)   (13,631)    
Shares withheld related to employee tax withholding (1,230,062) $ (1,230,062)    
Forfeiture of restricted stock grants (shares)   (13,300)    
Forfeiture of restricted stock grants   $ (2,485,647) 2,485,647  
Repurchase of common stock (shares)   (27,078)    
Repurchase of common stock (2,801,896) $ (2,801,896)    
Net income $ 12,200,690     12,200,690
Ending balance (shares) at Jun. 30, 2020 3,212,924 3,212,924    
Ending Balance at Jun. 30, 2020 $ 200,151,266 $ 86,189,846 $ (17,103,472) $ 131,064,892
Beginning balance attributable to redeemable noncontrolling Interests at Mar. 31, 2020 9,554,350      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest (1,437,789)      
Net subscriptions of consolidated funds (1,420,417)      
Ending balance attributable to redeemable noncontrolling Interests at Jun. 30, 2020 $ 9,571,722