Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Management and advisory fees $ 19,457 $ 19,117 $ 56,194 $ 53,492
Family office services 1,013 836 2,876 2,435
Total revenue 20,470 19,953 59,070 55,927
Expenses        
Compensation and benefits 12,166 11,547 35,390 31,740
General and administrative 4,123 4,137 12,370 11,177
Total expenses 16,289 15,684 47,760 42,917
Income before other (expense) income, net 4,181 4,269 11,310 13,010
Other (expense) income, net        
Other (expense) income, net (215) 8 (99) 1,013
Interest income 15 17 47 54
Interest expense (47) (77) (174) (191)
Total other (expense) income, net (247) (52) (226) 876
Income before provision for income taxes 3,934 4,217 11,084 13,886
Provision for income taxes 1,041 1,434 3,589 4,966
Net income 2,893 2,783 7,495 8,920
Less: net income attributable to non-controlling interests (1,397) (1,457) (3,766) (4,470)
Net income attributable to Silvercrest $ 1,496 $ 1,326 $ 3,729 $ 4,450
Net income per share:        
Basic $ 0.19 $ 0.17 $ 0.47 $ 0.57
Diluted $ 0.19 $ 0.17 $ 0.47 $ 0.57
Weighted average shares outstanding:        
Basic 8,038,638 7,876,930 8,020,793 7,823,618
Diluted 8,049,220 7,876,930 8,026,625 7,823,618