v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Total revenue $ 33,461 $ 27,182 $ 97,799 $ 79,568
Expenses        
Compensation and benefits 18,758 15,142 54,882 44,217
General and administrative 6,522 7,091 21,706 16,431
Total expenses 25,280 22,233 76,588 60,648
Income before other (expense) income, net 8,181 4,949 21,211 18,920
Other (expense) income, net        
Other (expense) income, net 43 8 58 23
Interest income 1 2 5 12
Interest expense (92) (120) (294) (445)
Total other (expense) income, net (48) (110) (231) (410)
Income before provision for income taxes 8,133 4,839 20,980 18,510
Provision for income taxes 1,779 1,359 4,630 4,558
Net income 6,354 3,480 16,350 13,952
Less: net income attributable to non-controlling interests (2,631) (1,421) (6,740) (5,871)
Net income attributable to Silvercrest $ 3,723 $ 2,059 $ 9,610 $ 8,081
Net income per share:        
Basic $ 0.38 $ 0.22 $ 0.99 $ 0.85
Diluted $ 0.38 $ 0.22 $ 0.99 $ 0.85
Weighted average shares outstanding:        
Basic 9,670,054 9,532,362 9,661,610 9,478,695
Diluted 9,691,103 9,540,604 9,676,639 9,488,259
Management and Advisory Fees        
Revenue        
Total revenue $ 32,248 $ 26,148 $ 94,435 $ 76,554
Performance Fees        
Revenue        
Total revenue 86   86  
Family Office Services        
Revenue        
Total revenue $ 1,127 $ 1,034 $ 3,278 $ 3,014

Source