Silvercrest Asset Management Group LLC Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Commitments and Contingencies (Tables)

v3.19.3

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Summary of Components of Lease Expenses

The components of lease expense for the three and nine months ended September 30, 2019 were as follows:

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating Lease Cost	$	1,496	$	4,436
Finance Lease Cost:
Amortization of ROU assets		25		79
Interest on lease liabilities		2		6
Total	$	27	$	85

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities at September 30, 2019:

	Operating Leases		Non-cancellable Subleases			Operating Lease Liabilities
Remainder of 2019	$	1,593	$	(8	)	$	1,585
2020		6,342		(34	)		6,308
2021		6,222		(35	)		6,187
2022		6,091		(35	)		6,056
2023		5,770		(6	)		5,764
Thereafter		27,827		—			27,827
Total	$	53,845	$	(118	)		53,727
Less imputed interest							(12,807	)
Total remaining liabilities						$	40,920
Weighted-average remaining lease term – operating leases (months)							104.7
Weighted-average discount rate							4.3	%

Assets Relating to Finance Leases Included in Equipment

The assets relating to finance leases that are included in equipment as of September 30, 2019 and December 31, 2018 are as follows:

	September 30, 2019			December 31, 2018
Finance lease assets included in furniture and equipment	$	660		$	605
Finance lease assets included in software		—			58
Less: Accumulated depreciation and amortization		(456	)		(462	)
	$	204		$	201

Summary of Future Minimum Lease Payments under Finance Leases

Future minimum lease payments under finance leases are as follows:

	Future Minimum Lease Commitments
Remainder of 2019	$	30
2020		100
2021		63
2022		13
Total	$	206
Weighted-average remaining lease term – finance leases (months)		24.9
Weighted-average discount rate		4.5	%

- Definition

Schedule of finance lease right of use asset.

+ References

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
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