Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net income $ 7,495 $ 8,920
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity-based compensation 2,417 716
Depreciation and amortization 2,012 1,678
Deferred rent (324) (346)
Deferred income taxes 1,227 2,396
Tax receivable agreement adjustment 123 (990)
Non-cash interest on notes receivable from partners (43) (50)
Distributions received from investment funds 2 1,292
Other   3
Cash flows due to changes in operating assets and liabilities:    
Receivables and due from Silvercrest Funds 1,796 1,289
Prepaid expenses and other assets (451) (614)
Accounts payable and accrued expenses 224 (392)
Accrued compensation (5,305) (5,011)
Interest payable on notes payable 140 156
Net cash provided by operating activities 9,313 9,047
Cash Flows From Investing Activities    
Restricted certificates of deposit and escrow 507 (1)
Acquisition of furniture, equipment and leasehold improvements (290) (337)
Net cash provided by (used in) investing activities 69 (3,888)
Cash Flows From Financing Activities    
Earn-outs paid related to acquisitions completed on or after January 1, 2009 (630) (570)
Repayments of notes payable (2,102) (1,316)
Payments on capital leases (131) (99)
Distributions to partners (5,760) (5,571)
Dividends paid on Class A common stock (2,887) (2,824)
Payments from partners on notes receivable 533 481
Net cash used in financing activities (10,977) (9,899)
Net decrease in cash and cash equivalents (1,595) (4,740)
Cash and cash equivalents, beginning of period 31,562 30,820
Cash and cash equivalents, end of period 29,967 26,080
Net cash paid during the period for:    
Income taxes 3,505 3,361
Interest 202 114
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Recognition of deferred tax assets as a result of share conversions 234 675
Asset acquired under capital lease   32
Note receivable from new partner issued for capital contribution to Silvercrest L.P. 120  
Class B Common Stock    
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of Class B shares of Silvercrest L.P. in conjunction with the acquisition of certain assets of Jamison   3,562
Issuance of Class B shares of Silvercrest L.P. in conjunction with the acquisition of certain assets of Jamison, par value $0.01   3
Jamison    
Cash Flows From Investing Activities    
Acquisition   (3,550)
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of notes payable for acquisition   2,165
Earnout accrual for acquisition   $ 1,429
Cappiccille    
Cash Flows From Investing Activities    
Acquisition (148)  
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Earnout accrual for acquisition $ 354