Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total revenue $ 27,182 $ 27,845 $ 79,568 $ 74,314
Expenses        
Compensation and benefits 15,142 15,100 44,217 42,481
General and administrative 7,091 6,444 16,431 17,103
Total expenses 22,233 21,544 60,648 59,584
Income before other (expense) income, net 4,949 6,301 18,920 14,730
Other (expense) income, net        
Other (expense) income, net 8 242 23 257
Interest income 2 11 12 160
Interest expense (120) (239) (445) (255)
Equity income from investments   9   9
Total other (expense) income, net (110) 23 (410) 171
Income before provision for income taxes 4,839 6,324 18,510 14,901
Provision for income taxes 1,359 1,501 4,558 3,682
Net income 3,480 4,823 13,952 11,219
Less: net income attributable to non-controlling interests (1,421) (2,170) (5,871) (4,993)
Net income attributable to Silvercrest $ 2,059 $ 2,653 $ 8,081 $ 6,226
Net income per share:        
Basic $ 0.22 $ 0.30 $ 0.85 $ 0.72
Diluted $ 0.22 $ 0.30 $ 0.85 $ 0.72
Weighted average shares outstanding:        
Basic 9,532,362 8,870,674 9,478,695 8,659,403
Diluted 9,540,604 8,872,571 9,488,259 8,662,140
Management and Advisory Fees        
Revenue        
Total revenue $ 26,148 $ 26,842 $ 76,554 $ 71,310
Family Office Services        
Revenue        
Total revenue $ 1,034 $ 1,003 $ 3,014 $ 3,004