Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Management and advisory fees $ 21,107 $ 18,403 $ 42,126 $ 36,737
Performance fees and allocations 10   10  
Family office services 974 934 1,906 1,863
Total revenue 22,091 19,337 44,042 38,600
Expenses        
Compensation and benefits 13,030 11,782 26,110 23,224
General and administrative 3,907 4,050 8,031 8,247
Total expenses 16,937 15,832 34,141 31,471
Income before other (expense) income, net 5,154 3,505 9,901 7,129
Other (expense) income, net        
Other (expense) income, net 8 108 16 116
Interest income 11 15 22 32
Interest expense (34) (62) (68) (127)
Total other (expense) income, net (15) 61 (30) 21
Income before provision for income taxes 5,139 3,566 9,871 7,150
Provision for income taxes 1,539 1,460 2,971 2,548
Net income 3,600 2,106 6,900 4,602
Less: net income attributable to non-controlling interests (1,742) (1,180) (3,355) (2,369)
Net income attributable to Silvercrest $ 1,858 $ 926 $ 3,545 $ 2,233
Net income per share:        
Basic $ 0.23 $ 0.12 $ 0.44 $ 0.28
Diluted $ 0.23 $ 0.12 $ 0.44 $ 0.28
Weighted average shares outstanding:        
Basic 8,104,697 8,027,825 8,091,742 8,011,773
Diluted 8,111,930 8,034,686 8,100,640 8,015,203