2016 Q4 Form 10-Q Financial Statement
#000090910816000207 Filed on October 26, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
Revenue | $40.04M | $32.94M | $31.42M |
YoY Change | 23.96% | 4.82% | 14.44% |
Cost Of Revenue | $1.020M | $1.040M | $840.0K |
YoY Change | 13.33% | 23.81% | 13.51% |
Gross Profit | $39.02M | $31.90M | $30.58M |
YoY Change | 24.27% | 4.32% | 14.45% |
Gross Profit Margin | 97.45% | 96.85% | 97.31% |
Selling, General & Admin | $19.49M | $4.046M | $3.497M |
YoY Change | 37.84% | 15.7% | 47.78% |
% of Gross Profit | 49.95% | 12.68% | 11.44% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $210.0K | $170.0K | $170.0K |
YoY Change | 16.67% | 0.0% | 142.86% |
% of Gross Profit | 0.54% | 0.53% | 0.56% |
Operating Expenses | $19.49M | $17.80M | $17.28M |
YoY Change | 37.84% | 2.98% | 4.9% |
Operating Profit | $19.53M | $15.14M | $14.14M |
YoY Change | 13.15% | 7.05% | 28.75% |
Interest Expense | $2.520M | $3.560M | -$3.510M |
YoY Change | 159.79% | -201.42% | 247.52% |
% of Operating Profit | 12.9% | 23.52% | -24.82% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $22.05M | $21.37M | $10.63M |
YoY Change | 20.89% | 101.05% | 6.53% |
Income Tax | $8.170M | $7.701M | $3.900M |
% Of Pretax Income | 37.05% | 36.04% | 36.69% |
Net Earnings | $13.65M | $13.43M | $6.728M |
YoY Change | 17.07% | 99.55% | 5.95% |
Net Earnings / Revenue | 34.09% | 40.76% | 21.41% |
Basic Earnings Per Share | $3.93 | $2.04 | |
Diluted Earnings Per Share | $3.991M | $3.93 | $1.99 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.414M shares | 3.413M shares | 3.297M shares |
Diluted Shares Outstanding | 3.420M shares | 3.379M shares |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $57.20M | $63.70M | $58.10M |
YoY Change | -0.52% | 9.64% | 37.03% |
Cash & Equivalents | $57.19M | $63.66M | $58.10M |
Short-Term Investments | |||
Other Short-Term Assets | $1.500M | $1.500M | $1.800M |
YoY Change | -16.67% | -16.67% | -5.26% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $18.60M | $17.50M | $17.00M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $77.80M | $82.90M | $76.90M |
YoY Change | -0.13% | 7.8% | 28.81% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.026M | $4.128M | $4.151M |
YoY Change | -5.35% | -0.55% | 191.16% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $41.34M | $27.95M | $52.70M |
YoY Change | 266.34% | -46.96% | 50.57% |
Other Assets | $8.700M | $9.100M | $6.600M |
YoY Change | -5.43% | 37.88% | 34.69% |
Total Long-Term Assets | $121.9M | $101.4M | $68.72M |
YoY Change | 81.19% | 47.57% | 57.08% |
TOTAL ASSETS | |||
Total Short-Term Assets | $77.80M | $82.90M | $76.90M |
Total Long-Term Assets | $121.9M | $101.4M | $68.72M |
Total Assets | $199.7M | $184.3M | $145.6M |
YoY Change | 37.56% | 26.57% | 40.77% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.800M | $6.800M | $8.500M |
YoY Change | 27.27% | -20.0% | 84.78% |
Accrued Expenses | $22.70M | $16.20M | $19.60M |
YoY Change | 3.18% | -17.35% | -4.39% |
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 | $32.50M | $23.00M | $28.10M |
YoY Change | 9.43% | -18.15% | 11.95% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $14.20M | $13.40M | $9.500M |
YoY Change | 39.22% | 41.05% | 79.25% |
Total Long-Term Liabilities | $14.20M | $13.40M | $9.500M |
YoY Change | 39.22% | 41.05% | 79.25% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $32.50M | $23.00M | $28.10M |
Total Long-Term Liabilities | $14.20M | $13.40M | $9.500M |
Total Liabilities | $46.65M | $36.31M | $37.58M |
YoY Change | 17.01% | -3.38% | 23.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $47.66M | $54.48M | $27.45M |
YoY Change | 115.92% | 98.47% | 906.99% |
Common Stock | $109.3M | $108.9M | $100.3M |
YoY Change | 6.59% | 8.58% | 22.57% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $139.2M | $143.8M | $108.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $199.7M | $184.3M | $145.6M |
YoY Change | 37.56% | 26.57% | 40.77% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $13.65M | $13.43M | $6.728M |
YoY Change | 17.07% | 99.55% | 5.95% |
Depreciation, Depletion And Amortization | $210.0K | $170.0K | $170.0K |
YoY Change | 16.67% | 0.0% | 142.86% |
Cash From Operating Activities | $11.91M | -$9.420M | $18.71M |
YoY Change | -26.48% | -150.35% | 18.57% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$140.0K | -$90.00K | -$530.0K |
YoY Change | -53.33% | -83.02% | -11.67% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$7.660M | $2.030M | -$2.910M |
YoY Change | -5571.43% | -169.76% | |
Cash From Investing Activities | -$7.800M | $1.940M | -$3.440M |
YoY Change | 4488.24% | -156.4% | 483.05% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -10.59M | 400.0K | -190.0K |
YoY Change | -36.4% | -310.53% | -1050.0% |
NET CHANGE | |||
Cash From Operating Activities | 11.91M | -9.420M | 18.71M |
Cash From Investing Activities | -7.800M | 1.940M | -3.440M |
Cash From Financing Activities | -10.59M | 400.0K | -190.0K |
Net Change In Cash | -6.480M | -7.080M | 15.08M |
YoY Change | 945.16% | -146.95% | -0.85% |
FREE CASH FLOW | |||
Cash From Operating Activities | $11.91M | -$9.420M | $18.71M |
Capital Expenditures | -$140.0K | -$90.00K | -$530.0K |
Free Cash Flow | $12.05M | -$9.330M | $19.24M |
YoY Change | -26.97% | -148.49% | 17.46% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dhil |
Advance Commissions Amortization Period
AdvanceCommissionsAmortizationPeriod
|
P12M | ||
us-gaap |
Depreciation
Depreciation
|
496250 | USD | |
us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
100000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3758265 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
9655747 | USD | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000909108 | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
3414065 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
DIAMOND HILL INVESTMENT GROUP INC | ||
CY2016Q3 | dhil |
Assets Under Management Incentive Fees
AssetsUnderManagementIncentiveFees
|
590718723 | USD |
CY2015Q4 | dhil |
Book Value Per Share
BookValuePerShare
|
30.84 | |
CY2016Q3 | dhil |
Book Value Per Share
BookValuePerShare
|
42.12 | |
CY2015Q3 | dhil |
Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
|
269602 | USD |
dhil |
Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
|
768884 | USD | |
CY2016Q3 | dhil |
Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
|
157732 | USD |
dhil |
Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
|
558641 | USD | |
CY2015Q3 | dhil |
Broker Commission Amortization
BrokerCommissionAmortization
|
246254 | USD |
dhil |
Broker Commission Amortization
BrokerCommissionAmortization
|
731813 | USD | |
CY2016Q3 | dhil |
Broker Commission Amortization
BrokerCommissionAmortization
|
144738 | USD |
dhil |
Broker Commission Amortization
BrokerCommissionAmortization
|
545463 | USD | |
dhil |
Contributionof Investments
ContributionofInvestments
|
1401202 | USD | |
dhil |
Contributionof Investments
ContributionofInvestments
|
1729735 | USD | |
CY2016Q3 | dhil |
Equity Method Investment Summarized Financial Information Assets Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAssetsLiabilities
|
118760977 | USD |
CY2015Q4 | dhil |
Fair Value Transfers Between Level1 Level2or Level3 Amount
FairValueTransfersBetweenLevel1Level2orLevel3Amount
|
0 | USD |
CY2016Q3 | dhil |
Fair Value Transfers Between Level1 Level2or Level3 Amount
FairValueTransfersBetweenLevel1Level2orLevel3Amount
|
0 | USD |
CY2015Q3 | dhil |
Financing Activity Net
FinancingActivityNet
|
23348 | USD |
dhil |
Financing Activity Net
FinancingActivityNet
|
37071 | USD | |
CY2016Q3 | dhil |
Financing Activity Net
FinancingActivityNet
|
12994 | USD |
dhil |
Financing Activity Net
FinancingActivityNet
|
13178 | USD | |
CY2015Q3 | dhil |
Fund Related Expense
FundRelatedExpense
|
3224405 | USD |
dhil |
Fund Related Expense
FundRelatedExpense
|
8971327 | USD | |
CY2016Q3 | dhil |
Fund Related Expense
FundRelatedExpense
|
3136319 | USD |
dhil |
Fund Related Expense
FundRelatedExpense
|
9958315 | USD | |
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 | |
dhil |
Lessee Leasing Agreements Operating Leases Areaunder Lease
LesseeLeasingAgreementsOperatingLeasesAreaunderLease
|
42400 | sqft | |
CY2016Q3 | dhil |
Lessee Leasing Agreements Operating Leases Locations
LesseeLeasingAgreementsOperatingLeasesLocations
|
2 | Location |
dhil |
Netissuanceof Et Fsharesformarketablesecurities
NetissuanceofETFsharesformarketablesecurities
|
0 | USD | |
dhil |
Netissuanceof Et Fsharesformarketablesecurities
NetissuanceofETFsharesformarketablesecurities
|
-244200 | USD | |
CY2015 | dhil |
Operating Lease Expense Excluding Rent
OperatingLeaseExpenseExcludingRent
|
400000 | USD |
CY2015Q3 | dhil |
Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
|
3925025 | USD |
dhil |
Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
|
12192484 | USD | |
CY2016Q3 | dhil |
Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
|
3412171 | USD |
dhil |
Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
|
11299044 | USD | |
CY2015Q3 | dhil |
Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
|
3948373 | USD |
dhil |
Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
|
12229555 | USD | |
CY2016Q3 | dhil |
Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
|
3425165 | USD |
dhil |
Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
|
11312222 | USD | |
dhil |
Rolling Client Investment Performance Period
RollingClientInvestmentPerformancePeriod
|
P5Y | ||
CY2015Q3 | dhil |
Service Fees And Commission Expense Payments To Third Parties
ServiceFeesAndCommissionExpensePaymentsToThirdParties
|
2372516 | USD |
dhil |
Service Fees And Commission Expense Payments To Third Parties
ServiceFeesAndCommissionExpensePaymentsToThirdParties
|
7164887 | USD | |
CY2016Q3 | dhil |
Service Fees And Commission Expense Payments To Third Parties
ServiceFeesAndCommissionExpensePaymentsToThirdParties
|
831198 | USD |
dhil |
Service Fees And Commission Expense Payments To Third Parties
ServiceFeesAndCommissionExpensePaymentsToThirdParties
|
5660429 | USD | |
CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
7651324 | USD |
CY2016Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
6782593 | USD |
CY2015Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
18579302 | USD |
CY2016Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
17479493 | USD |
CY2015Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
9200000 | USD |
CY2016Q3 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
9400000 | USD |
CY2015Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
21984500 | USD |
CY2016Q3 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
16155000 | USD |
CY2015Q3 | us-gaap |
Administrative Services Revenue
AdministrativeServicesRevenue
|
6768161 | USD |
us-gaap |
Administrative Services Revenue
AdministrativeServicesRevenue
|
20031572 | USD | |
CY2016Q3 | us-gaap |
Administrative Services Revenue
AdministrativeServicesRevenue
|
6445936 | USD |
us-gaap |
Administrative Services Revenue
AdministrativeServicesRevenue
|
20557388 | USD | |
CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | USD |
CY2016Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | USD |
CY2015Q3 | us-gaap |
Asset Management Costs
AssetManagementCosts
|
844563 | USD |
us-gaap |
Asset Management Costs
AssetManagementCosts
|
2429593 | USD | |
CY2016Q3 | us-gaap |
Asset Management Costs
AssetManagementCosts
|
1037987 | USD |
us-gaap |
Asset Management Costs
AssetManagementCosts
|
2865905 | USD | |
CY2015Q4 | us-gaap |
Assets
Assets
|
145186581 | USD |
CY2016Q3 | us-gaap |
Assets
Assets
|
184318492 | USD |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
35777140 | USD |
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
58098340 | USD |
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
57474777 | USD |
CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
63659780 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
22321200 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6185003 | USD | |
CY2015Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
||
CY2016Q3 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
||
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
7000000 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
7000000 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3414338 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3413355 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3414338 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3413355 | shares |
CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
102536527 | USD |
CY2016Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
108914518 | USD |
CY2015Q4 | us-gaap |
Deferred Compensation Equity
DeferredCompensationEquity
|
19294784 | USD |
CY2016Q3 | us-gaap |
Deferred Compensation Equity
DeferredCompensationEquity
|
19611808 | USD |
CY2015Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
10236743 | USD |
CY2016Q3 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
13369919 | USD |
CY2016Q3 | us-gaap |
Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
|
13369919 | USD |
CY2015Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
9206079 | USD |
CY2016Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
9123652 | USD |
CY2015Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
0 | USD |
CY2016Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
0 | USD |
us-gaap |
Depreciation
Depreciation
|
453702 | USD | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.78 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.93 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
9.52 | ||
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.99 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
7.59 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.93 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
9.50 | ||
CY2015Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.367 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.360 | ||
CY2016Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.360 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.361 | ||
CY2015Q3 | 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 | ||
CY2016Q3 | 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 | ||
CY2016Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
134675293 | USD |
CY2016Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
15914316 | USD |
us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
7920249 | USD | |
CY2016Q3 | us-gaap |
Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
|
32444008 | USD |
CY2016Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
27952788 | USD |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
1950951 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
4652983 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1950951 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
4652983 | USD | |
CY2015Q3 | us-gaap |
Fees And Commissions
FeesAndCommissions
|
2753785 | USD |
us-gaap |
Fees And Commissions
FeesAndCommissions
|
8297126 | USD | |
CY2016Q3 | us-gaap |
Fees And Commissions
FeesAndCommissions
|
933752 | USD |
us-gaap |
Fees And Commissions
FeesAndCommissions
|
6360400 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-1788286 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
4212479 | USD | |
CY2015Q3 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD |
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | USD | |
CY2016Q3 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
2675766 | USD |
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
2675766 | USD | |
CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2389339 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6966452 | USD | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2994186 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8055287 | USD | |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
10628883 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
39746999 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
21369697 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
51213266 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2715921 | USD | |
us-gaap |
Income Tax Effects Allocated Directly To Equity
IncomeTaxEffectsAllocatedDirectlyToEquity
|
-2000000 | USD | |
us-gaap |
Income Tax Effects Allocated Directly To Equity
IncomeTaxEffectsAllocatedDirectlyToEquity
|
-5600000 | USD | |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3900423 | USD |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3900000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14327795 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14300000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7700000 | USD |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7700732 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18500000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18497315 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
19747806 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
12634880 | USD | |
CY2015Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1402137 | USD |
CY2016Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1200112 | USD |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
474491 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1612207 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-4523875 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
5780008 | USD | |
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
3835923 | USD | |
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
3133176 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
896137 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-82427 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
3410208 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1950069 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-2484335 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-1929846 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
0 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
29436380 | USD | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
74154 | shares |
us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
74267 | shares | |
CY2016Q3 | 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 | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
7709 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5892 | shares | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6959 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4748 | shares | |
CY2015Q3 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
27475552 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
79894964 | USD | |
CY2016Q3 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
29512076 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
84751943 | USD | |
CY2015Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
-3512134 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
-1710111 | USD | |
CY2016Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
3555368 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
4995255 | USD | |
CY2015Q4 | us-gaap |
Investments
Investments
|
52490820 | USD |
CY2016Q3 | us-gaap |
Investments
Investments
|
87047844 | USD |
CY2016Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
87000000 | USD |
CY2015Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
12941017 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
38393223 | USD | |
CY2016Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
12714404 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
38494459 | USD | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
39872567 | USD |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
36307512 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
145186581 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
184318492 | USD |
CY2015Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1807314 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4044034 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11705589 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
2072549 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
35834103 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8156488 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6728460 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
25419204 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13426564 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
32406779 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
242401 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
309172 | 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 | |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
17282908 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
50667409 | USD | |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
17798678 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
52521920 | USD | |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14141017 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
41457110 | USD | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
15138563 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
43542245 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
5063353 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
624179 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
595807 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
632120 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
696198 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
2341000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
174049 | USD |
CY2015Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
234475 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
697272 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
218640 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
679195 | USD | |
CY2016Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1500000 | USD |
us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
200000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
17289987 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
17468890 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1249204 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
339638 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2016Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2016Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
1780105 | USD |
CY2016Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
1679796 | USD |
us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
0 | USD | |
CY2016Q3 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
1200000 | USD |
us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
1163769 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
0 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
33730 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
6833602 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
18717308 | USD | |
CY2015Q3 | us-gaap |
Profit Loss
ProfitLoss
|
6728460 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
25419204 | USD | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
13668965 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
32715951 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4253361 | USD |
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4127815 | USD |
CY2015Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
|
0 | USD |
CY2016Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
|
4229220 | USD |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
22072271 | USD |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
54479050 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
31423925 | USD |
us-gaap |
Revenues
Revenues
|
92124519 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
32937241 | USD |
us-gaap |
Revenues
Revenues
|
96064165 | USD | |
CY2015Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1107989 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2878141 | USD | |
CY2016Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1052101 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3106269 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6287899 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6259300 | USD | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
310356 | shares |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
208800 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
|
200000 | USD | |
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 |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
143781760 | USD |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3379200 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3348196 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3420123 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3410208 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3297337 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3268037 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3413164 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3405460 | 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. </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 previously had underwriting and administrative service agreements with certain clients, including registered mutual funds. The fee arrangements varied from client to client based upon services provided and have been recorded as revenue under mutual fund administration on the Consolidated Statements of Income. Part of Beacon Hill’s role as underwriter was 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 were paid to independent third parties and the remainder were retained by the Company as reimbursement for expenses the Company incurred. The amount of 12b-1/service fees and commissions were determined by each mutual fund client, and Beacon Hill bore no financial risk related to these services. As a result, 12b-1/service fees and commission revenue was recorded net of the expense payments to third parties, in accordance with the appropriate accounting treatment for this agency relationship. The entirety of Beacon Hill's business was sold to Foreside on July 31, 2016. as further described in Note 10.</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 nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 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;">September 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;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</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;">September 30, 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;">590,718,723</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;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</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;">September 30, 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;">2,756,586</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;">71,108</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;">346,295</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;">3,173,989</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;">September 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> |