Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue        
Performance fees and allocations $ 0 $ 16 $ 3 $ 16
Other income (expense), net        
Provision for income taxes (338) (269) (667) (539)
Pro Forma consolidated statements of operations information (unaudited) (Note 1)        
Pro forma net income 3,483,000   6,957,600  
Weighted average units outstanding:        
Basic 10,909,091   10,697,653  
Diluted 11,146,181   10,934,743  
Predecessor [Member]
        
Revenue        
Management and advisory fees 13,272 11,646 25,729 22,327
Performance fees and allocations   16 3 16
Family office services 1,200 1,245 2,425 2,444
Total revenue 14,472 12,907 28,157 24,787
Expenses        
Compensation and benefits 5,925 4,832 11,125 9,600
General and administrative 2,722 2,643 5,434 5,208
Total expenses 8,647 7,475 16,559 14,808
Income before other income (expense), net 5,825 5,432 11,598 9,979
Other income (expense), net        
Other income (expense), net 29 29 57 61
Interest income 22 40 49 86
Interest expense (71) (141) (108) (206)
Total other income (expense), net (20) (72) (2) (59)
Income before provision for income taxes 5,805 5,360 11,596 9,920
Provision for income taxes (338) (246) (667) (516)
Net income 5,467 5,114 10,929 9,404
Pro Forma consolidated statements of operations information (unaudited) (Note 1)        
Income before provision for income taxes 5,805   11,596  
Provision for income taxes (2,322)   (4,638)  
Pro forma net income $ 3,483   $ 6,958  
Net income per unit:        
Basic $ 0.32   $ 0.65  
Diluted $ 0.31   $ 0.64  
Weighted average units outstanding:        
Basic 10,909,091   10,697,653  
Diluted 11,146,180   10,934,742