Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Management and advisory fees $ 19,117 $ 16,816 $ 53,492 $ 48,487
Family office services 836 1,001 2,435 3,276
Total revenue 19,953 17,817 55,927 51,763
Expenses        
Compensation and benefits 11,547 9,959 31,740 29,431
General and administrative 4,137 3,382 11,177 9,818
Total expenses 15,684 13,341 42,917 39,249
Income before other (expense) income, net 4,269 4,476 13,010 12,514
Other (expense) income, net        
Other income, net 8 8 1,013 16
Interest income 17 17 54 53
Interest expense (77) (113) (191) (368)
Total other (expense) income, net (52) (88) 876 (299)
Income before provision for income taxes 4,217 4,388 13,886 12,215
Provision for income taxes 1,434 1,465 4,966 4,253
Net income 2,783 2,923 8,920 7,962
Less: net income attributable to non-controlling interests (1,457) (1,565) (4,470) (4,309)
Net income attributable to Silvercrest $ 1,326 $ 1,358 $ 4,450 $ 3,653
Net income per share:        
Basic $ 0.17 $ 0.18 $ 0.57 $ 0.48
Diluted $ 0.17 $ 0.18 $ 0.57 $ 0.48
Weighted average shares outstanding:        
Basic 7,876,930 7,583,911 7,823,618 7,544,443
Diluted 7,876,930 7,583,911 7,823,618 7,544,443