Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.2.0.727
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Management and advisory fees $ 17,672 $ 16,088 $ 34,375 $ 31,671
Family office services 874 1,138 1,599 2,275
Total revenue 18,546 17,226 35,974 33,946
Expenses        
Compensation and benefits 10,431 9,761 20,193 19,472
General and administrative 3,512 3,222 7,040 6,436
Total expenses 13,943 12,983 27,233 25,908
Income before other (expense) income, net 4,603 4,243 8,741 8,038
Other (expense) income, net        
Other income, net 997   1,005 8
Interest income 17 16 37 36
Interest expense (56) (128) (114) (255)
Total other (expense) income, net 958 (112) 928 (211)
Income before provision for income taxes 5,561 4,131 9,669 7,827
Provision for income taxes 2,234 1,333 3,532 2,788
Net income 3,327 2,798 6,137 5,039
Less: net income attributable to non-controlling interests (1,606) (1,447) (3,013) (2,744)
Net income attributable to Silvercrest $ 1,721 $ 1,351 $ 3,124 $ 2,295
Net income per share:        
Basic $ 0.22 $ 0.18 $ 0.40 $ 0.31
Diluted $ 0.22 $ 0.18 $ 0.40 $ 0.31
Weighted average shares outstanding:        
Basic 7,822,394 7,523,464 7,796,645 7,523,219
Diluted 7,822,394 7,523,464 7,796,645 7,523,219