Quarterly report pursuant to Section 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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Management and advisory fees $ 16,816 $ 13,516 $ 48,487 $ 39,245
Performance fees and allocations   14   17
Family office services 1,001 1,207 3,276 3,632
Total revenue 17,817 14,737 51,763 42,894
Expenses        
Compensation and benefits 9,959 8,388 29,431 19,513
General and administrative 3,382 3,162 9,818 8,596
Total expenses 13,341 11,550 39,249 28,109
Income before other (expense) income, net 4,476 3,187 12,514 14,785
Other (expense) income, net        
Other income, net 8 29 16 86
Interest income 17 36 53 85
Interest expense (113) (180) (368) (288)
Total other (expense) income, net (88) (115) (299) (117)
Income before provision for income taxes 4,388 3,072 12,215 14,668
Provision for income taxes (1,465) (823) (4,253) (1,489)
Net income 2,923 2,249 7,962 13,179
Less: net income attributable to non-controlling interests (1,565) (1,515) (4,309) (1,515)
Net income attributable to Silvercrest $ 1,358 $ 734 $ 3,653 $ 11,664
Net income per share/unit:        
Basic $ 0.18 $ 0.14 $ 0.48 $ 1.34
Diluted $ 0.18 $ 0.14 $ 0.48 $ 1.31
Weighted average shares/units outstanding:        
Basic 7,583,911 5,363,493 7,544,443 8,716,686
Diluted 7,583,911 5,363,493 7,544,443 8,873,877