$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

$dhil Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000090910816000188 Filed on July 27, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$32.67M	$31.38M
YoY Change	4.1%	23.36%
Cost Of Revenue	$950.0K	$850.0K
YoY Change	11.76%	16.44%
Gross Profit	$31.72M	$30.53M
YoY Change	3.9%	23.55%
Gross Profit Margin	97.09%	97.28%
Selling, General & Admin	$3.637M	$3.744M
YoY Change	-2.86%	62.29%
% of Gross Profit	11.47%	12.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$170.0K	$170.0K
YoY Change	0.0%	142.86%
% of Gross Profit	0.54%	0.56%
Operating Expenses	$17.97M	$17.26M
YoY Change	4.11%	9.47%
Operating Profit	$14.70M	$14.12M
YoY Change	4.09%	45.99%
Interest Expense	$690.0K	$460.0K
YoY Change	50.0%	-65.15%
% of Operating Profit	4.69%	3.26%
Other Income/Expense, Net
YoY Change
Pretax Income	$15.39M	$14.58M
YoY Change	5.57%	32.59%
Income Tax	$5.625M	$5.401M
% Of Pretax Income	36.54%	37.05%
Net Earnings	$9.715M	$9.178M
YoY Change	5.84%	32.48%
Net Earnings / Revenue	29.74%	29.25%
Basic Earnings Per Share	$2.85	$2.79
Diluted Earnings Per Share	$2.84	$2.73
COMMON SHARES
Basic Shares Outstanding	3.411M shares	3.288M shares
Diluted Shares Outstanding	3.415M shares	3.367M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$70.70M	$43.00M
YoY Change	64.42%	58.09%
Cash & Equivalents	$70.74M	$43.01M
Short-Term Investments
Other Short-Term Assets	$1.700M	$1.700M
YoY Change	0.0%	30.77%
Inventory
Prepaid Expenses
Receivables	$16.80M	$18.00M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$89.20M	$62.70M
YoY Change	42.26%	45.81%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.188M	$4.157M
YoY Change	0.74%	362.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$26.75M	$53.40M
YoY Change	-49.9%	47.92%
Other Assets	$9.500M	$6.500M
YoY Change	46.15%	16.07%
Total Long-Term Assets	$75.17M	$65.98M
YoY Change	13.94%	48.64%
TOTAL ASSETS
Total Short-Term Assets	$89.20M	$62.70M
Total Long-Term Assets	$75.17M	$65.98M
Total Assets	$164.4M	$128.7M
YoY Change	27.74%	47.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.500M	$6.400M
YoY Change	1.56%	60.0%
Accrued Expenses	$11.00M	$12.70M
YoY Change	-13.39%	-3.05%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$17.50M	$19.10M
YoY Change	-8.38%	11.7%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$12.60M	$10.20M
YoY Change	23.53%	88.89%
Total Long-Term Liabilities	$12.60M	$10.20M
YoY Change	23.53%	88.89%
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.50M	$19.10M
Total Long-Term Liabilities	$12.60M	$10.20M
Total Liabilities	$30.01M	$29.38M
YoY Change	2.15%	30.34%
SHAREHOLDERS EQUITY
Retained Earnings	$41.05M	$20.72M
YoY Change	98.13%	-671.64%
Common Stock	$110.1M	$97.90M
YoY Change	12.48%	21.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$128.6M	$99.29M
YoY Change
Total Liabilities & Shareholders Equity	$164.4M	$128.7M
YoY Change	27.74%	47.25%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$9.715M	$9.178M
YoY Change	5.84%	32.48%
Depreciation, Depletion And Amortization	$170.0K	$170.0K
YoY Change	0.0%	142.86%
Cash From Operating Activities	$21.61M	$14.99M
YoY Change	44.16%	-6.25%
INVESTING ACTIVITIES
Capital Expenditures	-$140.0K	-$150.0K
YoY Change	-6.67%	650.0%
Acquisitions
YoY Change
Other Investing Activities	$10.00K	-$3.260M
YoY Change	-100.31%
Cash From Investing Activities	-$130.0K	-$3.410M
YoY Change	-96.19%	11266.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-70.00K	-70.00K
YoY Change	0.0%	-800.0%
NET CHANGE
Cash From Operating Activities	21.61M	14.99M
Cash From Investing Activities	-130.0K	-3.410M
Cash From Financing Activities	-70.00K	-70.00K
Net Change In Cash	21.41M	11.51M
YoY Change	86.01%	-27.93%
FREE CASH FLOW
Cash From Operating Activities	$21.61M	$14.99M
Capital Expenditures	-$140.0K	-$150.0K
Free Cash Flow	$21.75M	$15.14M
YoY Change	43.66%	-5.43%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dhil	Income Tax Benefit From Dividends Paid On Restricted Stock Financing Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockFinancingActivities	0	USD
	dhil	Income Tax Benefit From Dividends Paid On Restricted Stock Financing Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockFinancingActivities	-925000	USD
	dhil	Income Tax Benefit From Dividends Paid On Restricted Stock Operating Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockOperatingActivities	0	USD
	dhil	Income Tax Benefit From Dividends Paid On Restricted Stock Operating Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockOperatingActivities	925000	USD
	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	100000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3235604	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	9075447	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3331521	shares
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000909108
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3426208	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	DIAMOND HILL INVESTMENT GROUP INC
	dhil	Advance Commissions Amortization Period AdvanceCommissionsAmortizationPeriod	P12M
CY2016Q2	dhil	Assets Under Management Incentive Fees AssetsUnderManagementIncentiveFees	548212294	USD
CY2015Q4	dhil	Book Value Per Share BookValuePerShare	30.84
CY2016Q2	dhil	Book Value Per Share BookValuePerShare	37.55
CY2015Q2	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	247922	USD
	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	499281	USD
CY2016Q2	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	207599	USD
	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	400909	USD
CY2015Q2	dhil	Broker Commission Amortization BrokerCommissionAmortization	240616	USD
	dhil	Broker Commission Amortization BrokerCommissionAmortization	485558	USD
CY2016Q2	dhil	Broker Commission Amortization BrokerCommissionAmortization	188412	USD
	dhil	Broker Commission Amortization BrokerCommissionAmortization	400725	USD
	dhil	Contributionof Investments ContributionofInvestments	1401202	USD
	dhil	Contributionof Investments ContributionofInvestments	1729735	USD
CY2016Q2	dhil	Equity Method Investment Summarized Financial Information Assets Liabilities EquityMethodInvestmentSummarizedFinancialInformationAssetsLiabilities	111293914	USD
CY2015Q4	dhil	Fair Value Transfers Between Level1 Level2or Level3 Amount FairValueTransfersBetweenLevel1Level2orLevel3Amount	0	USD
CY2016Q2	dhil	Fair Value Transfers Between Level1 Level2or Level3 Amount FairValueTransfersBetweenLevel1Level2orLevel3Amount	0	USD
CY2015Q2	dhil	Financing Activity Net FinancingActivityNet	7306	USD
	dhil	Financing Activity Net FinancingActivityNet	13723	USD
CY2016Q2	dhil	Financing Activity Net FinancingActivityNet	19187	USD
	dhil	Financing Activity Net FinancingActivityNet	184	USD
CY2015Q2	dhil	Fund Related Expense FundRelatedExpense	2908128	USD
	dhil	Fund Related Expense FundRelatedExpense	5746922	USD
CY2016Q2	dhil	Fund Related Expense FundRelatedExpense	3553932	USD
	dhil	Lessee Leasing Agreements Operating Leases Areaunder Lease LesseeLeasingAgreementsOperatingLeasesAreaunderLease	42400	sqft
	dhil	Netissuanceof Et Fsharesformarketablesecurities NetissuanceofETFsharesformarketablesecurities	0	USD
	dhil	Netissuanceof Et Fsharesformarketablesecurities NetissuanceofETFsharesformarketablesecurities	2254210	USD
CY2016Q2	dhil	Number Of Operating Subsidiaries NumberOfOperatingSubsidiaries	3	Subsidiary
CY2015	dhil	Operating Lease Expense Excluding Rent OperatingLeaseExpenseExcludingRent	400000	USD
	dhil	Fund Related Expense FundRelatedExpense	6821995	USD
CY2015Q2	dhil	Revenue From Administrative Services Excluding Financial Activity Net RevenueFromAdministrativeServicesExcludingFinancialActivityNet	4356005	USD
	dhil	Revenue From Administrative Services Excluding Financial Activity Net RevenueFromAdministrativeServicesExcludingFinancialActivityNet	8267459	USD
CY2016Q2	dhil	Revenue From Administrative Services Excluding Financial Activity Net RevenueFromAdministrativeServicesExcludingFinancialActivityNet	4097166	USD
	dhil	Revenue From Administrative Services Excluding Financial Activity Net RevenueFromAdministrativeServicesExcludingFinancialActivityNet	7886873	USD
CY2015Q2	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	4363311	USD
	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	8281182	USD
CY2016Q2	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	4116353	USD
	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	7887057	USD
	dhil	Rolling Client Investment Performance Period RollingClientInvestmentPerformancePeriod	P5Y
CY2015Q2	dhil	Service Fees And Commission Expense Payments To Third Parties ServiceFeesAndCommissionExpensePaymentsToThirdParties	2418508	USD
	dhil	Service Fees And Commission Expense Payments To Third Parties ServiceFeesAndCommissionExpensePaymentsToThirdParties	4792371	USD
CY2016Q2	dhil	Service Fees And Commission Expense Payments To Third Parties ServiceFeesAndCommissionExpensePaymentsToThirdParties	2500742	USD
	dhil	Service Fees And Commission Expense Payments To Third Parties ServiceFeesAndCommissionExpensePaymentsToThirdParties	4829232	USD
CY2015Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7651324	USD
CY2016Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	6502832	USD
CY2015Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	18579302	USD
CY2016Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	16845662	USD
CY2015Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	9200000	USD
CY2016Q2	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	9200000	USD
CY2015Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	21984500	USD
CY2016Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	10958500	USD
CY2015Q2	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	6883451	USD
	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	13263411	USD
CY2016Q2	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	7350583	USD
	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	14111452	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2016Q2	us-gaap	Alternative Investments Fair Value Disclosure AlternativeInvestmentsFairValueDisclosure	1400000	USD
CY2015Q2	us-gaap	Asset Management Costs AssetManagementCosts	848657	USD
	us-gaap	Asset Management Costs AssetManagementCosts	1585030	USD
CY2016Q2	us-gaap	Asset Management Costs AssetManagementCosts	951852	USD
	us-gaap	Asset Management Costs AssetManagementCosts	1827918	USD
CY2015Q4	us-gaap	Assets Assets	145186581	USD
CY2016Q2	us-gaap	Assets Assets	164373827	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	35777140	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	43008747	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	57474777	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	70744395	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	7231607	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	13269618	USD
CY2015Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue
CY2016Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	7000000	shares
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	7000000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3414338	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3425389	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3414338	shares
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3425389	shares
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	102536527	USD
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	110115374	USD
CY2015Q4	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	19294784	USD
CY2016Q2	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	22552883	USD
CY2015Q4	us-gaap	Deferred Compensation Liability Current And Noncurrent DeferredCompensationLiabilityCurrentAndNoncurrent	10236743	USD
CY2016Q2	us-gaap	Deferred Compensation Liability Current And Noncurrent DeferredCompensationLiabilityCurrentAndNoncurrent	12552132	USD
CY2016Q2	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	12552132	USD
CY2015Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	9206079	USD
CY2016Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	9455137	USD
CY2015Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0	USD
CY2016Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0	USD
	us-gaap	Depreciation Depreciation	279024	USD
	us-gaap	Depreciation Depreciation	334327	USD
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.79
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.75
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.85
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.58
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.73
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.61
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.84
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.58
CY2015Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.370
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.358
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.365
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.362
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	127728288	USD
CY2016Q2	us-gaap	Equity Method Investment Summarized Financial Information Liabilities EquityMethodInvestmentSummarizedFinancialInformationLiabilities	16434374	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	1683908	USD
CY2016Q2	us-gaap	Equity Method Investment Underlying Equity In Net Assets EquityMethodInvestmentUnderlyingEquityInNetAssets	31008157	USD
CY2016Q2	us-gaap	Equity Method Investments EquityMethodInvestments	26752420	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	1619727	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	4421408	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	1619727	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	4421408	USD
CY2015Q2	us-gaap	Fees And Commissions FeesAndCommissions	2799190	USD
	us-gaap	Fees And Commissions FeesAndCommissions	5543341	USD
CY2016Q2	us-gaap	Fees And Commissions FeesAndCommissions	2801257	USD
	us-gaap	Fees And Commissions FeesAndCommissions	5426648	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	1786994	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	1226058	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2583567	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4577113	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2575941	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5061100	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	14579426	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	29118116	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	15391915	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	29843570	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1030069	USD
	us-gaap	Income Tax Effects Allocated Directly To Equity IncomeTaxEffectsAllocatedDirectlyToEquity	-1600000	USD
	us-gaap	Income Tax Effects Allocated Directly To Equity IncomeTaxEffectsAllocatedDirectlyToEquity	-5300000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5401304	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10427372	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5624808	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10796584	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	12789528	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	7794643	USD
CY2015Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1402137	USD
CY2016Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	3497546	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1505693	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1733640	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-1566748	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	3250999	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	4532517	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	2315389	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	795408	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	249058	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3411792	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-7146569	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-227075	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-693251	USD
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	73485	shares
	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	73715	shares
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	0	shares
	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	0	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	6044	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4662	shares
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4441	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3458	shares
CY2015Q2	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	27018876	USD
	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	52419412	USD
CY2016Q2	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	28553082	USD
	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	55239867	USD
CY2015Q2	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	457340	USD
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1802023	USD
CY2016Q2	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	692666	USD
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1439888	USD
CY2015Q4	us-gaap	Investments Investments	52490820	USD
CY2016Q2	us-gaap	Investments Investments	57981889	USD
CY2016Q2	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	58000000	USD
CY2015Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	12667426	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	25452206	USD
CY2016Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	13381347	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	25780056	USD
CY2015Q4	us-gaap	Liabilities Liabilities	39872567	USD
CY2016Q2	us-gaap	Liabilities Liabilities	30013464	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	145186581	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	164373827	USD
CY2015Q4	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	USD
CY2016Q2	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1615877	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-4435152	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8269951	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	127915	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17117435	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17576855	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	9178122	USD
	us-gaap	Net Income Loss NetIncomeLoss	18690744	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	9714552	USD
	us-gaap	Net Income Loss NetIncomeLoss	18980215	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	52555	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	66771	USD
	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	0	USD
	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	4031756	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	Segment
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	17260101	USD
	us-gaap	Operating Expenses OperatingExpenses	33384501	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	17970186	USD
	us-gaap	Operating Expenses OperatingExpenses	34723242	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	14122086	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	27316093	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	14699249	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	28403682	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	5237403	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	624179	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	595807	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	632120	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	696198	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	2341000	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	348099	USD
CY2015Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	234333	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	462797	USD
CY2016Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	233207	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	460555	USD
	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	200000	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	11040594	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	6133800	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	722352	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	248835	USD
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1780105	USD
CY2016Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1661141	USD
	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	0	USD
	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	-706113	USD
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	3492995	USD
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	6510550	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	9178122	USD
	us-gaap	Profit Loss ProfitLoss	18690744	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	9767107	USD
	us-gaap	Profit Loss ProfitLoss	19046986	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4253361	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4188057	USD
CY2016Q2	us-gaap	Property Subject To Or Available For Operating Lease Number Of Units PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits	2	Location
CY2015Q4	us-gaap	Redeemable Noncontrolling Interest Equity Common Fair Value RedeemableNoncontrollingInterestEquityCommonFairValue	0	USD
CY2016Q2	us-gaap	Redeemable Noncontrolling Interest Equity Common Fair Value RedeemableNoncontrollingInterestEquityCommonFairValue	5745386	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	22072271	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	41052486	USD
CY2015Q2	us-gaap	Revenues Revenues	31382187	USD
	us-gaap	Revenues Revenues	60700594	USD
CY2016Q2	us-gaap	Revenues Revenues	32669435	USD
	us-gaap	Revenues Revenues	63126924	USD
CY2015Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1160451	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1770152	USD
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1061046	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2054168	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4074437	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4170356	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	310356	shares
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	228923	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3826458	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3879431	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	105314014	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	128614977	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3367280	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3415192	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3403198	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3287751	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3253144	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3410751	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3399740	shares
	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:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassification</font></div><div style="line-height:120%;padding-top:8px;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>
	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:8px;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. For performing these services each Fund pays DHCM a fee, which is calculated using an annual rate times the average daily net assets of each respective share class. For the first half of 2016 and the entire fiscal year 2015, the annual rate was </font><font style="font-family:inherit;font-size:10pt;">0.24%</font><font style="font-family:inherit;font-size:10pt;"> for Class A and C 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. For the first half of 2016, the annual rate was </font><font style="font-family:inherit;font-size:10pt;">0.20%</font><font style="font-family:inherit;font-size:10pt;"> for Class I shares. In 2015, the rate for Class I shares was </font><font style="font-family:inherit;font-size:10pt;">0.21%</font><font style="font-family:inherit;font-size:10pt;"> beginning July 1, 2015 and </font><font style="font-family:inherit;font-size:10pt;">0.24%</font><font style="font-family:inherit;font-size:10pt;"> prior to July 1, 2015. </font></div><div style="line-height:120%;padding-top:16px;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 advances the upfront commissions that are paid to brokers who sell Class C shares of the Funds. 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%;padding-top:16px;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 reimbursement for 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>
	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. No variable incentive fees were earned during the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">. The table below shows AUM subject to variable incentive fees and the amount of variable incentive fees that would be recognized if the contracts were terminated as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">As of June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AUM subject to variable incentive fees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">548,212,294</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></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;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">As of June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contractual Period Ends:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Quarter Ended June 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Quarter Ended December 31, 2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Quarter Ended September 30, 2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">180,471</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Quarter Ended March 31, 2020</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total variable incentive fees that would be recognized if contract terminated</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">180,471</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><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;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The contractual end dates highlight the time remaining until the variable incentive fees are scheduled to be earned. The amount of variable incentive fees that would be recognized if the contracts were terminated as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> will increase or decrease based on future client investment results through the contractual period end. There can be no assurance that the above amounts will ultimately be earned.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<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;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions related to the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0000909108-16-000188-index-headers.html	Edgar Link	pending
0000909108-16-000188-index.html	Edgar Link	pending
0000909108-16-000188.txt	Edgar Link	pending
0000909108-16-000188-xbrl.zip	Edgar Link	pending
dhil-20160630.xml	Edgar Link	completed
dhil-20160630.xsd	Edgar Link	pending
dhil-20160630_cal.xml	Edgar Link	unprocessable
dhil-20160630_def.xml	Edgar Link	unprocessable
dhil-20160630_lab.xml	Edgar Link	unprocessable
dhil-20160630_pre.xml	Edgar Link	unprocessable
dhil-2016630x10q.htm	Edgar Link	pending
diamondhillinvgroup4ca01a05.jpg	Edgar Link	pending
ex-311x2016630.htm	Edgar Link	pending
ex-312x2016630.htm	Edgar Link	pending
ex-321x2016630.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

2016 Q2 Form 10-Q Financial Statement

#000090910816000188 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DHIL DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

2016 Q2 Form 10-Q Financial Statement

#000090910816000188 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil