v3.24.1.1.u2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total revenue $ 215,857 $ 201,320
Expenses    
Personnel compensation and benefits 59,454 57,602
Distribution and other asset-based expenses 36,263 37,654
General and administrative 14,012 12,388
Depreciation and amortization 7,601 11,680
Change in value of consideration payable for acquisition of business 12,200 7,400
Acquisition-related costs 1,026 2
Restructuring and integration costs 492 29
Total operating expenses 131,048 126,755
Income from operations 84,809 74,565
Other income (expense)    
Interest income and other income (expense) 3,565 1,544
Interest expense and other financing costs (16,486) (14,239)
Total other income (expense), net (12,921) (12,695)
Income before income taxes 71,888 61,870
Income tax expense (16,197) (12,597)
Net income $ 55,691 $ 49,273
Earnings per share of common stock    
Basic $ 0.86 $ 0.73
Diluted $ 0.84 $ 0.71
Weighted average number of shares outstanding    
Basic 64,389 67,288
Diluted 65,972 69,727
Dividends declared per share of common stock $ 0.335 $ 0.32
Investment Management Fees    
Revenue    
Total revenue $ 169,785 $ 156,836
Fund Administration and Distribution Fees    
Revenue    
Total revenue $ 46,072 $ 44,484