Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows From Operating Activities    
Net income $ 5,039 $ 10,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity-based compensation 774 764
Depreciation and amortization 982 954
Deferred rent (219) (222)
Provision for doubtful accounts 227  
Deferred income taxes 1,994 44
Non-cash interest on notes receivable from partners (33) (44)
Distributions received from investment funds 3 1,900
Other 4 (4)
Cash flows due to changes in operating assets and liabilities:    
Receivables and due from Silvercrest Funds 135 1,078
Prepaid expenses and other assets 1,934 (556)
Accounts payable and accrued expenses (2,081) (24)
Accrued compensation (6,523) 139
Other liabilities 14 (133)
Interest payable on notes payable 178 104
Net cash provided by operating activities 2,428 14,929
Cash Flows From Investing Activities    
Restricted certificates of deposit and escrow (1) (171)
Acquisition of furniture, equipment and leasehold improvements (289) (64)
Earn-outs paid related to acquisitions completed before January 1, 2009 (1,679) (703)
Acquisition of Ten-Sixty Asset Management, LLC   (2,500)
Net cash used in investing activities (1,969) (3,438)
Cash Flows From Financing Activities    
Earn-outs paid related to acquisitions completed on or after January 1, 2009 (511) (462)
Borrowings under revolving credit facility   7,000
Redemptions of partners’ interests (240) (261)
Repayments of notes payable (313) (704)
Payments on capital leases (19) (9)
Distributions to partners (3,995) (17,900)
Offering costs   (786)
Dividends paid on Class A common stock (1,806)  
Payments from partners on notes receivable 741 887
Net cash used in financing activities (6,143) (12,235)
Net decrease in cash and cash equivalents (5,684) (744)
Cash and cash equivalents, beginning of period 27,122 13,443
Cash and cash equivalents, end of period 21,438 12,699
Net cash paid during the period for:    
Income taxes 3,144 811
Interest 92 34
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Notes receivable from new partners issued as capital contributions to Silvercrest L.P.   455
Accrual of pre-IPO distribution to partners of Silvercrest L.P.   10,000
Accrual of partner incentive distributions   6,000
Issuance of notes for redemption of partnership interest   5,300
Common stock surrendered 92  
Liability for purchase of Class B units from partners of Silvercrest L.P.   35,365
Receivable from underwriters for sale and issuance of Silvercrest Asset Management Group Inc. Class A common Stock   49,310
Accrued offering costs   277
Recognition of deferred tax assets as a result of IPO 11 12,396
Recognition of tax receivable agreement liability   3,734
Asset acquired under capital lease 289  
Ten-Sixty
    
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of notes payable for acquisition of Ten-Sixty Asset Management, LLC   $ 1,592