| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Revenue | ||||||
Total revenue | ||||||
612,373 | 413,412 | 409,629 | 297,883 | 240,763 | ||
Expenses | ||||||
Personnel compensation and benefits | ||||||
179,809 | 145,880 | 144,111 | 122,615 | 93,819 | ||
Distribution and other asset-based expenses | ||||||
146,622 | 94,680 | 103,439 | 77,497 | 51,481 | ||
General and administrative | ||||||
46,568 | 30,005 | 33,996 | 26,628 | 22,959 | ||
Depreciation and amortization | ||||||
23,873 | 23,277 | 29,910 | 30,405 | 27,291 | ||
Change in value of consideration payable for acquisition of business | ||||||
19,886 | -37 | -294 | -378 | 193 | ||
Acquisition-related costs | ||||||
22,317 | 4,346 | 2,094 | 6,619 | 3,187 | ||
Restructuring and integration costs | ||||||
8,678 | 742 | 6,205 | 10,012 | 8,613 | ||
Total operating expenses | ||||||
447,753 | 298,893 | 319,461 | 273,398 | 207,543 | ||
Income from operations | ||||||
164,620 | 114,519 | 90,168 | 24,485 | 33,220 | ||
Other (expense) income | ||||||
Interest income and other (expense) income | ||||||
6,829 | -2,856 | -2,913 | 1,086 | 47 | ||
Interest expense and other financing costs | ||||||
40,901 | 20,694 | 48,467 | 34,642 | 26,045 | ||
Loss on debt extinguishment | ||||||
-9,860 | -6,058 | -330 | - | - | ||
Total other expense, net | ||||||
-43,932 | -29,608 | -51,710 | -33,556 | -25,998 | ||
Income before income taxes | ||||||
120,688 | 84,911 | 38,458 | -9,071 | 7,222 | ||
Income tax expense | ||||||
28,197 | 21,207 | 12,632 | -3,000 | 3,422 | ||
Net income | ||||||
92,491 | 63,704 | 25,826 | -6,071 | 3,800 | ||
Earnings per share of common stock | ||||||
Basic | ||||||
1.37 | 0.96 | 0.47 | -0.12 | 0.08 | ||
Diluted | ||||||
1.26 | 0.90 | 0.43 | -0.12 | 0.08 | ||
Weighted average number of shares outstanding | ||||||
Basic | ||||||
67,616 | 66,295 | 54,931 | 50,017 | 46,408 | ||
Diluted | ||||||
73,466 | 70,511 | 59,577 | 50,017 | 48,090 | ||
Dividends declared per share of common stock | ||||||
0.10 | - | 2.42 | - | 1.28 | ||
Investment Management Fees | ||||||
Total revenue | ||||||
466,802 | 352,683 | 343,811 | 248,482 | 201,553 | ||
Fund Administration and Distribution Fees | ||||||
Total revenue | ||||||
145,571 | 60,729 | 65,818 | 49,401 | 39,210 | ||