$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

$dhil Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000090910817000094 Filed on July 26, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$35.54M	$32.67M
YoY Change	8.79%	4.1%
Cost Of Revenue	$1.030M	$950.0K
YoY Change	8.42%	11.76%
Gross Profit	$34.51M	$31.72M
YoY Change	8.8%	3.9%
Gross Profit Margin	97.09%	97.09%
Selling, General & Admin	$4.233M	$3.637M
YoY Change	16.4%	-2.86%
% of Gross Profit	12.27%	11.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$210.0K	$170.0K
YoY Change	23.53%	0.0%
% of Gross Profit	0.61%	0.54%
Operating Expenses	$19.58M	$17.97M
YoY Change	8.93%	4.11%
Operating Profit	$15.97M	$14.70M
YoY Change	8.62%	4.09%
Interest Expense	$3.020M	$690.0K
YoY Change	337.68%	50.0%
% of Operating Profit	18.91%	4.69%
Other Income/Expense, Net
YoY Change
Pretax Income	$18.99M	$15.39M
YoY Change	23.39%	5.57%
Income Tax	$6.024M	$5.625M
% Of Pretax Income	31.72%	36.54%
Net Earnings	$12.64M	$9.715M
YoY Change	30.1%	5.84%
Net Earnings / Revenue	35.56%	29.74%
Basic Earnings Per Share	$3.67	$2.85
Diluted Earnings Per Share	$3.66	$2.84
COMMON SHARES
Basic Shares Outstanding	3.444M shares	3.411M shares
Diluted Shares Outstanding	3.449M shares	3.415M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$70.50M	$70.70M
YoY Change	-0.28%	64.42%
Cash & Equivalents	$70.50M	$70.74M
Short-Term Investments
Other Short-Term Assets	$2.100M	$1.700M
YoY Change	23.53%	0.0%
Inventory
Prepaid Expenses
Receivables	$17.80M	$16.80M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$90.40M	$89.20M
YoY Change	1.35%	42.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.586M	$4.188M
YoY Change	-14.37%	0.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$28.51M	$26.75M
YoY Change	6.59%	-49.9%
Other Assets	$9.900M	$9.500M
YoY Change	4.21%	46.15%
Total Long-Term Assets	$139.5M	$75.17M
YoY Change	85.55%	13.94%
TOTAL ASSETS
Total Short-Term Assets	$90.40M	$89.20M
Total Long-Term Assets	$139.5M	$75.17M
Total Assets	$229.9M	$164.4M
YoY Change	39.86%	27.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.500M	$6.500M
YoY Change	30.77%	1.56%
Accrued Expenses	$13.80M	$11.00M
YoY Change	25.45%	-13.39%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$22.40M	$17.50M
YoY Change	28.0%	-8.38%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$19.10M	$12.60M
YoY Change	51.59%	23.53%
Total Long-Term Liabilities	$19.10M	$12.60M
YoY Change	51.59%	23.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$22.40M	$17.50M
Total Long-Term Liabilities	$19.10M	$12.60M
Total Liabilities	$41.44M	$30.01M
YoY Change	38.07%	2.15%
SHAREHOLDERS EQUITY
Retained Earnings	$73.05M	$41.05M
YoY Change	77.95%	98.13%
Common Stock	$116.8M	$110.1M
YoY Change	6.11%	12.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$170.7M	$128.6M
YoY Change
Total Liabilities & Shareholders Equity	$229.9M	$164.4M
YoY Change	39.86%	27.74%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$12.64M	$9.715M
YoY Change	30.1%	5.84%
Depreciation, Depletion And Amortization	$210.0K	$170.0K
YoY Change	23.53%	0.0%
Cash From Operating Activities	$14.46M	$21.61M
YoY Change	-33.09%	44.16%
INVESTING ACTIVITIES
Capital Expenditures	-$60.00K	-$140.0K
YoY Change	-57.14%	-6.67%
Acquisitions
YoY Change
Other Investing Activities	-$4.730M	$10.00K
YoY Change	-47400.0%	-100.31%
Cash From Investing Activities	-$4.800M	-$130.0K
YoY Change	3592.31%	-96.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.530M	-70.00K
YoY Change	-2285.71%	0.0%
NET CHANGE
Cash From Operating Activities	14.46M	21.61M
Cash From Investing Activities	-4.800M	-130.0K
Cash From Financing Activities	1.530M	-70.00K
Net Change In Cash	11.19M	21.41M
YoY Change	-47.73%	86.01%
FREE CASH FLOW
Cash From Operating Activities	$14.46M	$21.61M
Capital Expenditures	-$60.00K	-$140.0K
Free Cash Flow	$14.52M	$21.75M
YoY Change	-33.24%	43.66%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dhil	Broker Commission Amortization BrokerCommissionAmortization	400725	USD
	dhil	Contributionof Investmentsand Propertyand Equipment ContributionofInvestmentsandPropertyandEquipment	1729735	USD
	dhil	Contributionof Investmentsand Propertyand Equipment ContributionofInvestmentsandPropertyandEquipment	1748841	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3399740	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	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000909108
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3453677	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
	dhil	Amortization Of Restricted Stock Grants AmortizationOfRestrictedStockGrants	3244085	USD
CY2016Q4	dhil	Book Value Per Share BookValuePerShare	40.81
CY2017Q2	dhil	Book Value Per Share BookValuePerShare	49.37
CY2016Q2	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	207599	USD
	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	400909	USD
CY2017Q2	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	100576	USD
	dhil	Broker Commission Advance Repayments BrokerCommissionAdvanceRepayments	214047	USD
CY2016Q2	dhil	Broker Commission Amortization BrokerCommissionAmortization	188412	USD
CY2017Q2	dhil	Broker Commission Amortization BrokerCommissionAmortization	92112	USD
	dhil	Broker Commission Amortization BrokerCommissionAmortization	192332	USD
CY2017Q2	dhil	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount	800000	USD
	dhil	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount	1300000	USD
	dhil	Effective Income Tax Rate Reconciliation Tax Benefit Due To Donation Of Appreciated Securities Amount EffectiveIncomeTaxRateReconciliationTaxBenefitDueToDonationOfAppreciatedSecuritiesAmount	100000	USD
	dhil	Effective Income Tax Rate Reconciliation Tax Benefit Due To Donation Of Appreciated Securities Amount EffectiveIncomeTaxRateReconciliationTaxBenefitDueToDonationOfAppreciatedSecuritiesAmount	100000	USD
CY2017Q2	dhil	Equity Method Investment Summarized Financial Information Expenses EquityMethodInvestmentSummarizedFinancialInformationExpenses	281612	USD
	dhil	Equity Method Investment Summarized Financial Information Expenses EquityMethodInvestmentSummarizedFinancialInformationExpenses	565202	USD
CY2017Q2	dhil	Equity Method Investment Summarized Financial Information Netchangeinunrealizedappreciationdepreciation EquityMethodInvestmentSummarizedFinancialInformationNetchangeinunrealizedappreciationdepreciation	1100299	USD
	dhil	Equity Method Investment Summarized Financial Information Netchangeinunrealizedappreciationdepreciation EquityMethodInvestmentSummarizedFinancialInformationNetchangeinunrealizedappreciationdepreciation	3614185	USD
CY2017Q2	dhil	Equity Method Investment Summarized Financial Information Netrealizedgainslosses EquityMethodInvestmentSummarizedFinancialInformationNetrealizedgainslosses	1605052	USD
	dhil	Equity Method Investment Summarized Financial Information Netrealizedgainslosses EquityMethodInvestmentSummarizedFinancialInformationNetrealizedgainslosses	2571725	USD
CY2016Q4	dhil	Fair Value Transfers Between Level1 Level2or Level3 Amount FairValueTransfersBetweenLevel1Level2orLevel3Amount	0	USD
CY2017Q2	dhil	Fair Value Transfers Between Level1 Level2or Level3 Amount FairValueTransfersBetweenLevel1Level2orLevel3Amount	0	USD
CY2016Q2	dhil	Financing Activity Net FinancingActivityNet	19187	USD
	dhil	Financing Activity Net FinancingActivityNet	184	USD
CY2017Q2	dhil	Financing Activity Net FinancingActivityNet	8464	USD
	dhil	Financing Activity Net FinancingActivityNet	21715	USD
CY2016Q2	dhil	Fund Related Expense FundRelatedExpense	3553932	USD
	dhil	Fund Related Expense FundRelatedExpense	6821995	USD
CY2017Q2	dhil	Fund Related Expense FundRelatedExpense	3489399	USD
	dhil	Fund Related Expense FundRelatedExpense	6638351	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 Financing Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockFinancingActivities	0	USD
	dhil	Income Tax Benefit From Dividends Paid On Restricted Stock Operating Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockOperatingActivities	925000	USD
	dhil	Income Tax Benefit From Dividends Paid On Restricted Stock Operating Activities IncomeTaxBenefitFromDividendsPaidOnRestrictedStockOperatingActivities	0	USD
	dhil	Lessee Leasing Agreements Operating Leases Areaunder Lease LesseeLeasingAgreementsOperatingLeasesAreaunderLease	37829	sqft
CY2017Q2	dhil	Lessee Leasing Agreements Operating Leaseslocations LesseeLeasingAgreementsOperatingLeaseslocations	1	location
	dhil	Netissuanceof Et Fsharesformarketablesecurities NetissuanceofETFsharesformarketablesecurities	2254210	USD
	dhil	Netissuanceof Et Fsharesformarketablesecurities NetissuanceofETFsharesformarketablesecurities	-99060	USD
CY2016	dhil	Operating Lease Expense Excluding Rent OperatingLeaseExpenseExcludingRent	400000	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
CY2017Q2	dhil	Revenue From Administrative Services Excluding Financial Activity Net RevenueFromAdministrativeServicesExcludingFinancialActivityNet	2975753	USD
	dhil	Revenue From Administrative Services Excluding Financial Activity Net RevenueFromAdministrativeServicesExcludingFinancialActivityNet	6236598	USD
CY2016Q2	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	4116353	USD
	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	7887057	USD
CY2017Q2	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	2984217	USD
	dhil	Revenue From Administrative Services Net RevenueFromAdministrativeServicesNet	6258313	USD
	dhil	Rolling Client Investment Performance Period RollingClientInvestmentPerformancePeriod	P5Y
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
CY2017Q2	dhil	Service Fees And Commission Expense Payments To Third Parties ServiceFeesAndCommissionExpensePaymentsToThirdParties	0	USD
	dhil	Service Fees And Commission Expense Payments To Third Parties ServiceFeesAndCommissionExpensePaymentsToThirdParties	0	USD
	dhil	Subscription From Redemption Distribution To Noncontrolling Interest SubscriptionFromRedemptionDistributionToNoncontrollingInterest	3197074	USD
CY2016Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9787048	USD
CY2017Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	8491628	USD
CY2016Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	18605209	USD
CY2017Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	17778026	USD
CY2016Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	10400000	USD
CY2017Q2	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	10600000	USD
CY2016Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	22683500	USD
CY2017Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	13756000	USD
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1883676	USD
CY2016Q2	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	7350583	USD
	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	14111452	USD
CY2017Q2	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	6465152	USD
	us-gaap	Administrative Services Revenue AdministrativeServicesRevenue	12874949	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2016Q2	us-gaap	Asset Management Costs AssetManagementCosts	951852	USD
	us-gaap	Asset Management Costs AssetManagementCosts	1827918	USD
CY2017Q2	us-gaap	Asset Management Costs AssetManagementCosts	1028738	USD
	us-gaap	Asset Management Costs AssetManagementCosts	2029354	USD
CY2016Q4	us-gaap	Assets Assets	199717861	USD
CY2017Q2	us-gaap	Assets Assets	229886158	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
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	57189876	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	70504429	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	13269618	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	13314553	USD
CY2016Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue
CY2017Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	7000000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	7000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3411556	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3457775	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3411556	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3457775	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	109293803	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	116845374	USD
CY2016Q4	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	17728106	USD
CY2017Q2	us-gaap	Deferred Compensation Equity DeferredCompensationEquity	19188802	USD
CY2016Q4	us-gaap	Deferred Compensation Liability Current And Noncurrent DeferredCompensationLiabilityCurrentAndNoncurrent	14182470	USD
CY2017Q2	us-gaap	Deferred Compensation Liability Current And Noncurrent DeferredCompensationLiabilityCurrentAndNoncurrent	19119772	USD
CY2016Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	8736767	USD
CY2017Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	9933828	USD
CY2016Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0	USD
CY2017Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0	USD
	us-gaap	Depreciation Depreciation	334327	USD
	us-gaap	Depreciation Depreciation	432705	USD
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.85
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.58
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.67
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	7.39
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.84
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.58
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.66
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	7.38
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.365
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.362
CY2017Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.317
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.324
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
CY2017Q2	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
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	129172742	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Equity EquityMethodInvestmentSummarizedFinancialInformationEquity	94785864	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Liabilities EquityMethodInvestmentSummarizedFinancialInformationLiabilities	34386878	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	3151034	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	7142269	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	727295	USD
	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	1521561	USD
CY2017Q2	us-gaap	Equity Method Investment Underlying Equity In Net Assets EquityMethodInvestmentUnderlyingEquityInNetAssets	28514426	USD
CY2016Q4	us-gaap	Equity Method Investments EquityMethodInvestments	41338046	USD
CY2017Q2	us-gaap	Equity Method Investments EquityMethodInvestments	28514426	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	4421408	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	4421408	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	0	USD
CY2016Q2	us-gaap	Fees And Commissions FeesAndCommissions	2801257	USD
	us-gaap	Fees And Commissions FeesAndCommissions	5426648	USD
CY2017Q2	us-gaap	Fees And Commissions FeesAndCommissions	0	USD
	us-gaap	Fees And Commissions FeesAndCommissions	0	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	1226058	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	5774968	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2575941	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5061100	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2980469	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6468585	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
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	18991477	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	38614195	USD
CY2017Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	942574	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2048339	USD
CY2016Q2	us-gaap	Income Tax Effects Allocated Directly To Equity IncomeTaxEffectsAllocatedDirectlyToEquity	-100000	USD
	us-gaap	Income Tax Effects Allocated Directly To Equity IncomeTaxEffectsAllocatedDirectlyToEquity	-5300000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5600000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5624808	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10800000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10796584	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6000000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6024458	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12521728	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12500000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	7794643	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	12533400	USD
CY2016Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1111890	USD
CY2017Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	0	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1733640	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-327183	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	3250999	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	1185389	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	2315389	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	4937302	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	249058	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	1197061	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-7146569	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-5035076	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-693251	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-380641	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	0	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	3725638	USD
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
CY2017Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	5345	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4631	shares
CY2016Q2	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	28553082	USD
	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	55239867	USD
CY2017Q2	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	32558324	USD
	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	64323301	USD
CY2016Q2	us-gaap	Investment Income Net InvestmentIncomeNet	692666	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	1439888	USD
CY2017Q2	us-gaap	Investment Income Net InvestmentIncomeNet	3024729	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	6905973	USD
CY2016Q4	us-gaap	Investments Investments	108015635	USD
CY2017Q2	us-gaap	Investments Investments	126027827	USD
CY2017Q2	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	126000000	USD
CY2016Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	13381347	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	25780056	USD
CY2017Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	14313734	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	27992883	USD
CY2016Q4	us-gaap	Liabilities Liabilities	46653018	USD
CY2017Q2	us-gaap	Liabilities Liabilities	41440899	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	199717861	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	229886158	USD
CY2016Q4	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	USD
CY2017Q2	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-4435152	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1412458	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	127915	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-9802976	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17576855	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	21705071	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	9714552	USD
	us-gaap	Net Income Loss NetIncomeLoss	18980215	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	12638439	USD
	us-gaap	Net Income Loss NetIncomeLoss	25395334	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
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	328580	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	697133	USD
	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	697133	USD
	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	4031756	USD
	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	0	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	Segment
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	17970186	USD
	us-gaap	Operating Expenses OperatingExpenses	34723242	USD
CY2017Q2	us-gaap	Operating Expenses OperatingExpenses	19575793	USD
	us-gaap	Operating Expenses OperatingExpenses	38873392	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	14699249	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	28403682	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	15966748	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	31708222	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	4439690	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	624179	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	624179	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	595807	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	586350	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	1716000	USD
CY2017Q2	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	293175	USD
CY2016Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	233207	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	460555	USD
CY2017Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	234191	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	465654	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	9075447	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1883676	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	6133800	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	11358395	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	248835	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	129669	USD
	us-gaap	Performance Fees PerformanceFees	0	USD
	us-gaap	Performance Fees PerformanceFees	0	USD
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	2032726	USD
CY2017Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	2055954	USD
	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	0	USD
	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	500000	USD
	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	-706113	USD
	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	3296134	USD
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	6510550	USD
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	1185088	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	9767107	USD
	us-gaap	Profit Loss ProfitLoss	19046986	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	12967019	USD
	us-gaap	Profit Loss ProfitLoss	26092467	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4025758	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3586094	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	13840688	USD
CY2017Q2	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	17734895	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Common Fair Value RedeemableNoncontrollingInterestEquityCommonFairValue	13840688	USD
CY2017Q2	us-gaap	Redeemable Noncontrolling Interest Equity Common Fair Value RedeemableNoncontrollingInterestEquityCommonFairValue	17734895	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	47658458	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	73053792	USD
CY2016Q2	us-gaap	Revenues Revenues	32669435	USD
	us-gaap	Revenues Revenues	63126924	USD
CY2017Q2	us-gaap	Revenues Revenues	35542541	USD
	us-gaap	Revenues Revenues	70581614	USD
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1061046	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2054168	USD
CY2017Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1252852	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2382570	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4170356	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4082127	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	201800	shares
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	200500	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	838042	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3879431	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3892424	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	139224155	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	170710364	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	0	USD
CY2017Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	73499	USD
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
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3449128	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3441022	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3410751	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>
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3443783	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3436391	shares
	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;">Prior to the sale of Beacon Hill, the Company, through Beacon Hill, 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 Company's 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 had incurred. The amounts 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. </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 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 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 fees at the end of the contract measurement period. No variable 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, 2017</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">. The table below shows AUM subject to variable fees and the amount of variable fees that would be recognized based upon current investment results as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">:</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="7" rowspan="1"></td></tr><tr><td style="width:58%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" 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="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">As of June 30, 2017</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;">AUM subject to variable fees</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;">Unearned variable fees</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><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 December 31, 2018</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;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,521,667</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</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;">1,094,275</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 September 30, 2019</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;">32,229,439</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><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;">573,503</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 March 31, 2020</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;">11,139,838</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><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;">—</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 September 30, 2021</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;">254,475,082</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><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;">1,446,794</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</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;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">401,366,026</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</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;">3,114,572</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 fees are scheduled to be earned. The amount of variable fees that would be recognized based upon investment results as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</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 unearned 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 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
0000909108-17-000094-index-headers.html	Edgar Link	pending
0000909108-17-000094-index.html	Edgar Link	pending
0000909108-17-000094.txt	Edgar Link	pending
0000909108-17-000094-xbrl.zip	Edgar Link	pending
dhil-20170630.xml	Edgar Link	completed
dhil-20170630.xsd	Edgar Link	pending
dhil-20170630_cal.xml	Edgar Link	unprocessable
dhil-20170630_def.xml	Edgar Link	unprocessable
dhil-20170630_lab.xml	Edgar Link	unprocessable
dhil-20170630_pre.xml	Edgar Link	unprocessable
dhil-2017630x10q.htm	Edgar Link	pending
diamondhillinvgroup4ca01a06.jpg	Edgar Link	pending
ex-311x2017630.htm	Edgar Link	pending
ex-312x2017630.htm	Edgar Link	pending
ex-321x2017630.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.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

2017 Q2 Form 10-Q Financial Statement

#000090910817000094 Filed on July 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DHIL DIAMOND HILL INVESTMENT GROUP INC Stock $dhil

2017 Q2 Form 10-Q Financial Statement

#000090910817000094 Filed on July 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DHIL
DIAMOND HILL INVESTMENT GROUP INC Stock $dhil