v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 32,173 $ 33,101 $ 65,683 $ 64,338
Expenses        
Compensation and benefits 17,971 18,475 36,630 36,124
General and administrative 2,302 7,284 1,714 15,184
Total expenses 20,273 25,759 38,344 51,308
Income before other (expense) income, net 11,900 7,342 27,339 13,030
Other (expense) income, net        
Other (expense) income, net 7 8 15 15
Interest income 3 2 4 4
Unrealized gain (loss) (1)   (1)  
Interest expense (83) (97) (161) (202)
Total other (expense) income, net (74) (87) (143) (183)
Income before provision for income taxes 11,826 7,255 27,196 12,847
Provision for income taxes 2,353 1,594 5,327 2,851
Net income 9,473 5,661 21,869 9,996
Less: net income attributable to non-controlling interests (3,703) (2,326) (8,531) (4,109)
Net income attributable to Silvercrest $ 5,770 $ 3,335 $ 13,338 $ 5,887
Net income per share:        
Basic $ 0.58 $ 0.35 $ 1.35 $ 0.61
Diluted $ 0.58 $ 0.35 $ 1.35 $ 0.61
Weighted average shares outstanding:        
Basic 9,887,018 9,662,809 9,878,130 9,657,317
Diluted 9,913,437 9,678,466 9,901,738 9,669,288
Management and Advisory Fees        
Revenue        
Total revenue $ 31,103 $ 31,982 $ 63,551 $ 62,187
Performance Fees        
Revenue        
Total revenue 2   2  
Family Office Services        
Revenue        
Total revenue $ 1,068 $ 1,119 $ 2,130 $ 2,151

Source