Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue      
Management and advisory fees $ 53,465 $ 46,069 $ 37,869
Performance fees and allocations 1,830 714 85
Family office services 4,756 4,907 4,833
Total revenue 60,051 51,690 42,787
Expenses      
Compensation and benefits 30,322 19,108 17,492
General and administrative 13,197 13,680 10,849
Total expenses 43,519 32,788 28,341
Income before other income (expense), net 16,532 18,902 14,446
Other income (expense), net      
Loss on forgiveness of notes receivable     (34)
Other income (expense), net 3,118 123 (210)
Interest income 92 145 187
Interest expense (447) (304) (164)
Equity income from investments 21 1,911 950
Total other income (expense), net 2,784 1,875 729
Income before provision for income taxes 19,316 20,777 15,175
Provision for income taxes (2,148) (1,057) (566)
Net income 17,168 19,720 14,609
Less: net income attributable to non-controlling interests (3,478)    
Net income attributable to Silvercrest $ 13,690 $ 19,720 $ 14,609
Net income per share/unit:      
Basic $ 1.68 $ 1.87 $ 1.46
Diluted $ 1.63 $ 1.84 $ 1.40
Weighted average shares/units outstanding:      
Basic 8,145,476 10,544,323 10,004,227
Diluted 8,374,025 10,690,775 10,443,317