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Sale of Assets of Diamond Hill's High Yield-Focused Fund	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Sale of Assets of Diamond Hill's High Yield-Focused Fund	Sale of Diamond Hill's High Yield-Focused Advisory Contracts DHCM entered into an asset purchase agreement dated February 2, 2021 (the “Purchase Agreement”) with Brandywine Global Investment Management, LLC (“Brandywine Global”), a specialist investment manager of Franklin Resources, Inc. The transaction closed on July 30, 2021, at which time Brandywine Global acquired the investment advisory contracts (the “High Yield-Focused Advisory Contracts”) of DHCM’s two high yield-focused mutual funds - the Corporate Credit Fund and the High Yield Fund. After the closing, the Corporate Credit Fund and the High Yield Fund were renamed as the BrandywineGLOBAL Corporate Credit Fund and the BrandywineGLOBAL High Yield Fund (the “High Yield-Focused Funds”). DHCM determined the gain on this transaction in accordance with ASC 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets. DHCM received an initial cash payment at closing of $9.0 million, which was included in gain on sale of high yield-focused advisory contracts in the Consolidated Statements of Income during the third quarter of 2021. Under the terms of the Purchase Agreement, DHCM may receive two additional payments of up to $13.0 million in the aggregate based on the net revenue of the High Yield-Focused Funds on July 30, 2022. Based on the net revenue of the High Yield-Focused Funds as of June 30, 2022, the Company would receive a payment of approximately $5.7 million. The Company has not recorded a gain as of June 30, 2022 for the potential additional payment because this variable consideration is constrained based on movements in the financial markets and the net shareholder flows of the High Yield-Focused Funds through July 30, 2022. Therefore, there can be no reasonable assurance that any additional payment will be received by DHCM.

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- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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