FORM 10-K/A GAMCO Investors, Inc. - Gabelli

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Explanatory Note As further discussed in Note A Restatement to the Consolidated Financial Statements, this Form 10-K/A of GAMCO Investors, Inc. (the “Company”) constitutes Amendment No. 2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2006, which was initially filed with the Securities and Exchange Commission on March 16, 2007. On August 9, 2007, the Company amended Form 10-K to restate the Consolidated Financial Statements and amend Management’s Discussion and Analysis of Financial Condition and Results of Operations (Including Quantitative and Qualitative Disclosure about Market Risk) in Part I, Items 1 and 2, respectively, to reflect the reversal of certain previously accrued expenses for investment partnerships compensation. The purpose of Amendment No. 2 is (1) enhancement of the following disclosures within the notes to the condensed consolidated financial statements: additional descriptions of the restatement to the Company's condensed consolidated financial statements (Note A), additional disclosures regarding available for sale securities and the Company's accounting policy for other than temporary impairments of available for sale securities (Note B), enhancement of the definition of investments in partnerships and affiliates (Note C), background for the usage of, business purpose of, and economic impact of kickout rights within the Company's investments in partnerships and affiliates (Note C), and changes to controls and procedures described within Item 4, (2) revision of the Company's evaluation of disclosure controls and procedures and changes in internal control over financial reporting described within section 9A. 2
The aggregate market value of the class A common stock held by non-affiliates of the registrant as of June 30, 2006 (the last business day of the Registrant’s most recently completed second fiscal quarter) was $278,573,382. As of March 1, 2007, 7,554,392 shares of class A common stock and 20,671,143 shares of class B common stock were outstanding. 20,428,500 shares of the class B common stock were held by GGCP, Inc. DOCUMENTS INCORPORATED BY REFERENCE: The definitive proxy statement for the 2007 Annual Meeting of Shareholders. 3
Page 1: UNITED STATES SECURITIES AND EXCHAN
Page 5 and 6: Our assets under management are org
Page 7 and 8: - GAM GAMCO Equity Fund, managed by
Page 9 and 10: As in prior years, we experienced c
Page 11 and 12: To further extend “value investin
Page 13 and 14: · Diversified Product Offerings: S
Page 15 and 16: Open-end Funds On December 31, 2006
Page 17 and 18: Assets Under Management The followi
Page 19 and 20: The following table lists the Mutua
Page 21 and 22: Net Assets as of December 31, Fund
Page 23 and 24: Net Assets as of December 31, Fund
Page 25 and 26: Shareholders of the open-end Funds
Page 27 and 28: Gabelli & Company also offers our o
Page 29 and 30: Investments by GBL on behalf of our
Page 31 and 32: ITEM 1A: RISK FACTORS Business Risk
Page 33 and 34: Catastrophic and unpredictable even
Page 35 and 36: During 2006, as in prior years, we
Page 37 and 38: Our businesses are subject to exten
Page 39 and 40: PART II ITEM 5: MARKET FOR THE REGI
Page 41 and 42: The following table shows informati
Page 43 and 44: December 31, 2002 (a) 2003 (a) 2004
Page 45 and 46: As a result of the first material w
Page 47 and 48: Consolidated Statements of Income I
Page 49 and 50: Our liquid balance sheet, coupled w
Page 51 and 52: For the three years ended December
Page 53 and 54:
Expenses Compensation: Compensation
Page 55 and 56:
Mutual fund revenues increased $3.9
Page 57 and 58:
Liquidity and Capital Resources Our
Page 59 and 60:
Our revenues are primarily driven b
Page 61 and 62:
Critical Accounting Policies In the
Page 63 and 64:
Recent Accounting Developments In F
Page 65 and 66:
ITEM 8: FINANCIAL STATEMENTS AND SU
Page 67 and 68:
REPORT OF INDEPENDENT REGISTERED PU
Page 69 and 70:
GAMCO INVESTORS, INC. AND SUBSIDIAR
Page 71 and 72:
(In thousands) See accompanying not
Page 73 and 74:
GAMCO INVESTORS, INC. AND SUBSIDIAR
Page 75 and 76:
Gabelli Direct, Inc. (“Gabelli Di
Page 77 and 78:
Goodwill Goodwill pertains to the c
Page 79 and 80:
Restatement As discussed within the
Page 81 and 82:
In February 2007, the FASB issued F
Page 83 and 84:
We were not required to consolidate
Page 85 and 86:
E. Debt Debt consists of the follow
Page 87 and 88:
The table below represents for vari
Page 89 and 90:
Shelf Registration On December 28,
Page 91 and 92:
We serve as the investment advisor
Page 93 and 94:
N. Goodwill In accordance with SFAS
Page 95 and 96:
As a result of the first material w
Page 97 and 98:
ITEM 14: PRINCIPAL ACCOUNTANT FEES
Page 99 and 100:
POWER OF ATTORNEY Each person whose
Page 101 and 102:
Exhibit 21.1 Subsidiaries of GAMCO
Page 103 and 104:
Exhibit 31.1 Certifications I, Mari
Page 105 and 106:
Certifications Exhibit 31.3 I, Dian
Page 107:
Exhibit 32.2 Certification of Actin
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FORM 10-K/A GAMCO Investors, Inc. - Gabelli

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