$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

$dhil Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-K Financial Statement

#000090910816000123 Filed on February 25, 2016

Income Statement

Concept	2014 Q4	2013	2012 Q4
Revenue	$28.47M	$81.43M	$16.97M
YoY Change	27.1%	22.16%	11.72%
Cost Of Revenue	$740.0K	$1.800M	$340.0K
YoY Change	64.44%	12.5%	36.0%
Gross Profit	$27.73M	$79.70M	$16.63M
YoY Change	26.33%	22.62%	11.31%
Gross Profit Margin	97.4%	97.87%	98.0%
Selling, General & Admin	$9.500M	$8.142M	$10.08M
YoY Change	-24.12%	19.67%	16.94%
% of Gross Profit	34.26%	10.22%	60.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$80.00K	$306.0K	$70.00K
YoY Change	14.29%	0.04%	-12.5%
% of Gross Profit	0.29%	0.38%	0.42%
Operating Expenses	$9.500M	$50.75M	$10.08M
YoY Change	-24.12%	20.18%	16.94%
Operating Profit	$18.23M	$30.68M	$6.550M
YoY Change	93.32%	25.6%	3.64%
Interest Expense	$2.070M	$5.000M	$230.0K
YoY Change	39.86%	194.12%	-70.51%
% of Operating Profit	11.35%	16.3%	3.51%
Other Income/Expense, Net
YoY Change
Pretax Income	$20.30M	$35.63M	$6.780M
YoY Change	85.9%	36.61%	-4.51%
Income Tax	$7.750M	$13.48M	$1.950M
% Of Pretax Income	38.18%	37.82%	28.76%
Net Earnings	$12.55M	$22.15M	$4.830M
YoY Change	85.93%	30.85%	8.54%
Net Earnings / Revenue	44.08%	27.21%	28.46%
Basic Earnings Per Share		$7.05
Diluted Earnings Per Share	$3.826M	$6.94	$1.533M
COMMON SHARES
Basic Shares Outstanding	3.315M shares	3.142M shares
Diluted Shares Outstanding		3.194M shares

Balance Sheet

Concept	2014 Q4	2013	2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$35.80M	$33.10M	$7.900M
YoY Change	8.16%	318.99%	-48.03%
Cash & Equivalents	$35.78M	$33.10M	$7.871M
Short-Term Investments
Other Short-Term Assets	$1.900M	$1.500M	$1.000M
YoY Change	26.67%	50.0%	11.11%
Inventory
Prepaid Expenses
Receivables	$16.50M	$13.00M	$10.40M
Other Receivables	$0.00	$0.00	$2.300M
Total Short-Term Assets	$54.20M	$47.60M	$21.60M
YoY Change	13.87%	120.37%	-18.49%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.426M	$1.000M	$745.5K
YoY Change	151.41%	42.86%	-6.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$45.40M	$18.70M	$16.50M
YoY Change	142.78%	13.33%	101.22%
Other Assets	$5.700M	$8.100M	$2.500M
YoY Change	-29.63%	224.0%	19.05%
Total Long-Term Assets	$53.51M	$27.80M	$19.64M
YoY Change	92.8%	41.84%	75.32%
TOTAL ASSETS
Total Short-Term Assets	$54.20M	$47.60M	$21.60M
Total Long-Term Assets	$53.51M	$27.80M	$19.64M
Total Assets	$107.7M	$75.40M	$41.24M
YoY Change	42.94%	83.01%	9.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.600M	$4.000M	$2.800M
YoY Change	65.0%	42.86%	-3.45%
Accrued Expenses	$20.00M	$19.60M	$15.90M
YoY Change	2.04%	23.27%	-5.36%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$27.80M	$29.10M	$18.70M
YoY Change	-4.47%	55.61%	-5.08%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$5.700M	$1.300M	$800.0K
YoY Change	338.46%	62.5%
Total Long-Term Liabilities	$5.700M	$1.300M	$800.0K
YoY Change	338.46%	62.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$27.80M	$29.10M	$18.70M
Total Long-Term Liabilities	$5.700M	$1.300M	$800.0K
Total Liabilities	$33.39M	$30.40M	$19.50M
YoY Change	9.8%	55.9%	-1.01%
SHAREHOLDERS EQUITY
Retained Earnings	$2.030M		-$28.69M
YoY Change	-112.45%
Common Stock	$84.86M		$65.26M
YoY Change	16.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$74.32M	$44.90M	$21.74M
YoY Change
Total Liabilities & Shareholders Equity	$107.7M	$75.40M	$41.24M
YoY Change	42.94%	83.01%	9.38%

Cashflow Statement

Concept	2014 Q4	2013	2012 Q4
OPERATING ACTIVITIES
Net Income	$12.55M	$22.15M	$4.830M
YoY Change	85.93%	30.85%	8.54%
Depreciation, Depletion And Amortization	$80.00K	$306.0K	$70.00K
YoY Change	14.29%	0.04%	-12.5%
Cash From Operating Activities	$17.18M	$34.58M	$9.420M
YoY Change	31.35%	40.88%	50.72%
INVESTING ACTIVITIES
Capital Expenditures	-$820.0K	$525.5K	-$30.00K
YoY Change	530.77%	137.13%	50.0%
Acquisitions
YoY Change
Other Investing Activities	-$9.870M	$2.050M	-$1.100M
YoY Change	-343.7%	-128.63%	-161.11%
Cash From Investing Activities	-$10.71M	$1.523M	-$1.130M
YoY Change	-373.21%	-120.63%	-163.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-13.14M	-$10.87M	-24.19M
YoY Change	27.57%	-55.71%	54.08%
NET CHANGE
Cash From Operating Activities	17.18M	$34.58M	9.420M
Cash From Investing Activities	-10.71M	$1.523M	-1.130M
Cash From Financing Activities	-13.14M	-$10.87M	-24.19M
Net Change In Cash	-6.670M	$25.24M	-15.90M
YoY Change	-199.55%	-442.33%	107.03%
FREE CASH FLOW
Cash From Operating Activities	$17.18M	$34.58M	$9.420M
Capital Expenditures	-$820.0K	$525.5K	-$30.00K
Free Cash Flow	$18.00M	$34.06M	$9.450M
YoY Change	36.26%	40.0%	50.72%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015	dei	Amendment Flag AmendmentFlag	false
CY2015	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2015	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015	dei	Document Period End Date DocumentPeriodEndDate	2015-12-31
CY2015	dei	Document Type DocumentType	10-K
CY2015	dei	Entity Central Index Key EntityCentralIndexKey	0000909108
CY2016Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3398695	shares
CY2015	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2015	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2015Q2	dei	Entity Public Float EntityPublicFloat	593336011	USD
CY2015	dei	Entity Registrant Name EntityRegistrantName	DIAMOND HILL INVESTMENT GROUP INC
CY2015	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2015	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2015	dhil	Advance Commissions Amortization Period AdvanceCommissionsAmortizationPeriod	P12M
CY2013	dhil	Amortization Of Restricted Stock Grants AmortizationOfRestrictedStockGrants	6161047	USD
CY2014	dhil	Amortization Of Restricted Stock Grants AmortizationOfRestrictedStockGrants	5716035	USD
CY2015	dhil	Amortization Of Restricted Stock Grants AmortizationOfRestrictedStockGrants	6906300	USD
CY2015Q4	dhil	Assets Under Management Incentive Fees AssetsUnderManagementIncentiveFees	551090995	USD
CY2014Q4	dhil	Book Value Per Share BookValuePerShare	22.40
CY2015Q4	dhil	Book Value Per Share BookValuePerShare	30.84
CY2013	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	365380	USD
CY2014	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	878105	USD
CY2015	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	991430	USD
CY2013	dhil	Broker Commission Amortization BrokerCommissionAmortization	347853	USD
CY2014	dhil	Broker Commission Amortization BrokerCommissionAmortization	846861	USD
CY2015	dhil	Broker Commission Amortization BrokerCommissionAmortization	962919	USD
CY2013	dhil	Contractual Expense Reimburse Net ContractualExpenseReimburseNet	375825	USD
CY2014	dhil	Contractual Expense Reimburse Net ContractualExpenseReimburseNet	1849786	USD
CY2015	dhil	Contractual Expense Reimburse Net ContractualExpenseReimburseNet	2291910	USD
CY2013	dhil	Contributionof Investments ContributionofInvestments	0	USD
CY2014	dhil	Contributionof Investments ContributionofInvestments	0	USD
CY2015	dhil	Contributionof Investments ContributionofInvestments	1401202	USD
CY2015Q4	dhil	Cost Basis Of Portfolio Investments CostBasisOfPortfolioInvestments	48700000	USD
CY2013	dhil	Current Local Tax Expense Benefit CurrentLocalTaxExpenseBenefit	952957	USD
CY2014	dhil	Current Local Tax Expense Benefit CurrentLocalTaxExpenseBenefit	935612	USD
CY2015	dhil	Current Local Tax Expense Benefit CurrentLocalTaxExpenseBenefit	1245285	USD
CY2013	dhil	Current State Tax Expense Benefit CurrentStateTaxExpenseBenefit	268920	USD
CY2014	dhil	Current State Tax Expense Benefit CurrentStateTaxExpenseBenefit	429147	USD
CY2015	dhil	Current State Tax Expense Benefit CurrentStateTaxExpenseBenefit	335897	USD
CY2014Q4	dhil	Deferred Tax Assets Liabilities Other DeferredTaxAssetsLiabilitiesOther	66139	USD
CY2015Q4	dhil	Deferred Tax Assets Liabilities Other DeferredTaxAssetsLiabilitiesOther	-57929	USD
CY2014Q4	dhil	Fair Value Transfers Between Level1 Level2or Level3 Amount FairValueTransfersBetweenLevel1Level2orLevel3Amount	0	USD
CY2015Q4	dhil	Fair Value Transfers Between Level1 Level2or Level3 Amount FairValueTransfersBetweenLevel1Level2orLevel3Amount	0	USD
CY2013	dhil	Financing Activity Net FinancingActivityNet	17527	USD
CY2014	dhil	Financing Activity Net FinancingActivityNet	31244	USD
CY2015	dhil	Financing Activity Net FinancingActivityNet	28511	USD
CY2013	dhil	Fund Related Expense FundRelatedExpense	6321374	USD
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CY2015	dhil	Fund Related Expense FundRelatedExpense	12031353	USD
CY2013	dhil	Income Tax Benefit From Dividends Paid On Unvested Shares Financing Activities IncomeTaxBenefitFromDividendsPaidOnUnvestedSharesFinancingActivities	-357188	USD
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CY2015	dhil	Income Tax Benefit From Dividends Paid On Unvested Shares Operating Activities IncomeTaxBenefitFromDividendsPaidOnUnvestedSharesOperatingActivities	376394	USD
CY2015	dhil	Lessee Leasing Agreements Operating Leases Areaunder Lease LesseeLeasingAgreementsOperatingLeasesAreaunderLease	42400	sqft
CY2015Q4	dhil	Maximum Ratioof Indebtednessto Net Capital MaximumRatioofIndebtednesstoNetCapital	15
CY2015Q4	dhil	Number Of Operating Subsidiaries NumberOfOperatingSubsidiaries	3	Subsidiary
CY2013	dhil	Operating Lease Expense Excluding Rent OperatingLeaseExpenseExcludingRent	200000	USD
CY2014	dhil	Operating Lease Expense Excluding Rent OperatingLeaseExpenseExcludingRent	300000	USD
CY2015	dhil	Operating Lease Expense Excluding Rent OperatingLeaseExpenseExcludingRent	400000	USD
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CY2013	dhil	Tax Benefit From Dividend Payments Related To Restricted Stock Grants TaxBenefitFromDividendPaymentsRelatedToRestrictedStockGrants	357188	USD
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CY2013	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1884187	USD
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CY2013	us-gaap	Income Tax Effects Allocated Directly To Equity IncomeTaxEffectsAllocatedDirectlyToEquity	800000	USD
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CY2015	us-gaap	Income Tax Effects Allocated Directly To Equity IncomeTaxEffectsAllocatedDirectlyToEquity	2900000	USD
CY2013	us-gaap	Income Tax Effects Allocated Directly To Equity Equity Transactions IncomeTaxEffectsAllocatedDirectlyToEquityEquityTransactions	420620	USD
CY2014	us-gaap	Income Tax Effects Allocated Directly To Equity Equity Transactions IncomeTaxEffectsAllocatedDirectlyToEquityEquityTransactions	666889	USD
CY2015	us-gaap	Income Tax Effects Allocated Directly To Equity Equity Transactions IncomeTaxEffectsAllocatedDirectlyToEquityEquityTransactions	2521273	USD
CY2013	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13477337	USD
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18785005	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	20908665	USD
CY2013	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	12471258	USD
CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	17628078	USD
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CY2014	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	269834	USD
CY2015	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-413210	USD
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CY2014	us-gaap	Income Taxes Paid IncomeTaxesPaid	19704817	USD
CY2015	us-gaap	Income Taxes Paid IncomeTaxesPaid	24138841	USD
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CY2013	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2563697	USD
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CY2015	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2065156	USD
CY2013	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	8520834	USD
CY2014	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-3324298	USD
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CY2013	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	493101	USD
CY2014	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	4391019	USD
CY2015	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	4557979	USD
CY2013	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	5616211	USD
CY2014	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-2404433	USD
CY2015	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	3547087	USD
CY2013	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	8304806	USD
CY2014	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	4127457	USD
CY2015	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	5829708	USD
CY2013	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-715570	USD
CY2014	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1827723	USD
CY2015	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1724253	USD
CY2013	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	52180	shares
CY2014	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	67453	shares
CY2015	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	74957	shares
CY2013	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2014	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2588	shares
CY2015	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	6909	shares
CY2013	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	69966377	USD
CY2014	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	89900834	USD
CY2015	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	107915557	USD
CY2013	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	4950245	USD
CY2014	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	2905794	USD
CY2015	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	-736590	USD
CY2014Q4	us-gaap	Investments Investments	45427456	USD
CY2015Q4	us-gaap	Investments Investments	52490820	USD
CY2015Q4	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	52500000	USD
CY2013	us-gaap	Labor And Related Expense LaborAndRelatedExpense	40851722	USD
CY2014	us-gaap	Labor And Related Expense LaborAndRelatedExpense	43892336	USD
CY2015	us-gaap	Labor And Related Expense LaborAndRelatedExpense	47951039	USD
CY2014Q4	us-gaap	Liabilities Liabilities	33389404	USD
CY2015Q4	us-gaap	Liabilities Liabilities	39872567	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	107708628	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	145186581	USD
CY2014Q4	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	USD
CY2015Q4	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	USD
CY2014Q4	us-gaap	Minimum Net Capital Required1 MinimumNetCapitalRequired1	84055	USD
CY2015Q4	us-gaap	Minimum Net Capital Required1 MinimumNetCapitalRequired1	84514	USD
CY2014Q4	us-gaap	Net Capital NetCapital	370604	USD
CY2015Q4	us-gaap	Net Capital NetCapital	507518	USD
CY2013	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10868194	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-13261583	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-18457899	USD
CY2013	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1523117	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-26688092	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11875783	USD
CY2013	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	34581141	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	42619843	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	52031319	USD
CY2013	us-gaap	Net Income Loss NetIncomeLoss	22154828	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	31580931	USD
CY2015	us-gaap	Net Income Loss NetIncomeLoss	37074497	USD
CY2015	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	Segment
CY2013	us-gaap	Operating Expenses OperatingExpenses	50749784	USD
CY2014	us-gaap	Operating Expenses OperatingExpenses	57098623	USD
CY2015	us-gaap	Operating Expenses OperatingExpenses	65706234	USD
CY2013	us-gaap	Operating Income Loss OperatingIncomeLoss	30681920	USD
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	47460142	USD
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	58719752	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	5585502	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	696198	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	624179	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	595807	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	632120	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	696198	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	2341000	USD
CY2013	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	730845	USD
CY2014	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	905061	USD
CY2015	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	928440	USD
CY2013	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	9766575	USD
CY2014	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	13248884	USD
CY2015	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	17031890	USD
CY2013	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1884187	USD
CY2014	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	976343	USD
CY2015	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	4323676	USD
CY2013	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	2306947	USD
CY2014	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	25433201	USD
CY2015	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	22095491	USD
CY2013	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	525472	USD
CY2014	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1504368	USD
CY2015	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1550857	USD
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1904945	USD
CY2015Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1780105	USD
CY2013	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	4355536	USD
CY2014	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	249477	USD
CY2015	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	11770565	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2425949	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4253361	USD
CY2015Q4	us-gaap	Property Subject To Or Available For Operating Lease Number Of Units PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits	2	Location
CY2014Q4	us-gaap	Ratio Of Indebtedness To Net Capital1 RatioOfIndebtednessToNetCapital1	3.40
CY2015Q4	us-gaap	Ratio Of Indebtedness To Net Capital1 RatioOfIndebtednessToNetCapital1	2.50
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2029664	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	22072271	USD
CY2013	us-gaap	Revenues Revenues	81431704	USD
CY2014	us-gaap	Revenues Revenues	104558765	USD
CY2015	us-gaap	Revenues Revenues	124425986	USD
CY2013	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2098915	USD
CY2014	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2222382	USD
CY2015	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	4179064	USD
CY2013	us-gaap	Share Based Compensation ShareBasedCompensation	7319401	USD
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	7303799	USD
CY2015	us-gaap	Share Based Compensation ShareBasedCompensation	8551734	USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	306768	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	310356	shares
CY2013	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1158354	USD
CY2014	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1356035	USD
CY2015	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1645434	USD
CY2013	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2014	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2015	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2013	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2014	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2015	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2013	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4606008	USD
CY2014	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3984816	USD
CY2015	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3826458	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	21735707	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	44942990	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	74319224	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	105314014	USD
CY2014Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1178620	USD
CY2015Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	0	USD
CY2013	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3194263	shares
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3266168	shares
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3359786	shares
CY2013	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3142083	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3196127	shares
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3277920	shares
CY2015	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassification</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts and disclosures may have been reclassified to conform to the current period's financial presentation.</font></div></div>
CY2015	us-gaap	Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition – Mutual Fund Administration</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DHCM has an administrative and transfer agency services agreement with the Funds, under which DHCM performs certain services for each Fund. These services include mutual fund administration, fund accounting, transfer agency and other related functions. Effective January 1, 2015, for performing these services, each Fund pays DHCM a fee, which is calculated using an annual rate of </font><font style="font-family:inherit;font-size:10pt;">0.24%</font><font style="font-family:inherit;font-size:10pt;"> for Class A, C, and I shares and </font><font style="font-family:inherit;font-size:10pt;">0.10%</font><font style="font-family:inherit;font-size:10pt;"> for Class Y shares, times the average daily net assets of each respective series and share class. Effective July 1, 2015, the annual rate for Class I shares was reduced to </font><font style="font-family:inherit;font-size:10pt;">0.21%</font><font style="font-family:inherit;font-size:10pt;">. Prior to January 1, 2015, the annual rate was </font><font style="font-family:inherit;font-size:10pt;">0.25%</font><font style="font-family:inherit;font-size:10pt;"> for Class A, C, and I shares and </font><font style="font-family:inherit;font-size:10pt;">0.10%</font><font style="font-family:inherit;font-size:10pt;"> for Class Y shares.</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Funds have selected and contractually engaged certain vendors to fulfill various services to benefit the Funds’ shareholders or to satisfy regulatory requirements of the Funds. These services include, among others, required shareholder mailings, federal and state registrations, and legal and audit services. DHCM, in fulfilling a portion of its role under the administration agreement with the Funds, acts as agent to pay these obligations of the Funds. Each vendor is independently responsible for fulfillment of the services it has been engaged to provide and negotiates fees and terms with the management and board of trustees of the Funds. The fee that each Fund pays to DHCM is reviewed annually by the Funds’ board of trustees and specifically takes into account the contractual expenses that DHCM pays on behalf of the Funds. As a result, DHCM is not involved in the delivery or pricing of these services and bears no risk related to these services. Revenue has been recorded net of these Fund related expenses, in accordance with FASB ASC 605-45, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition – Principal Agent Considerations</font><font style="font-family:inherit;font-size:10pt;">. In addition, DHCM finances the upfront commissions which are paid to brokers who sell Class C shares of the Funds. As financer, DHCM advances the commission amount to be paid to the selling broker at the time of sale. These advances are capitalized and amortized over </font><font style="font-family:inherit;font-size:10pt;">12 months</font><font style="font-family:inherit;font-size:10pt;"> to correspond with the repayments DHCM receives from the principal underwriter to recoup this commission advancement.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beacon Hill has underwriting and administrative service agreements with certain clients, including registered mutual funds. The fee arrangements vary from client to client based upon services provided and are recorded as revenue under mutual fund administration on the Consolidated Statements of Income. Part of Beacon Hill’s role as underwriter is to act as an agent on behalf of its mutual fund clients to receive 12b-1/service fees and commission revenue and facilitate the payment of those fees and commissions to third parties who provide services to the funds and their shareholders. The majority of 12b-1/service fees are paid to independent third parties and the remainder are retained by the Company as a reimbursement of expenses the Company has incurred. The amount of 12b-1/service fees and commissions are determined by each mutual fund client, and Beacon Hill bears no financial risk related to these services. As a result, 12b-1/service fees and commission revenue has been recorded net of the expense payments to third parties, in accordance with the appropriate accounting treatment for this agency relationship.</font></div></div>
CY2015	us-gaap	Revenue Recognition Services Management Fees RevenueRecognitionServicesManagementFees	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition – Variable Incentive Fees</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manages certain client accounts that provide for variable incentive fees. These fees are calculated based on client investment results over rolling </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">-year periods. The Company records variable incentive fees at the end of the contract measurement period. </font></div></div>

Files In Submission

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$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

2014 Q4 Form 10-K Financial Statement

#000090910816000123 Filed on February 25, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DHIL DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

2014 Q4 Form 10-K Financial Statement

#000090910816000123 Filed on February 25, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil