Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Financial Condition

v2.4.0.8
Condensed Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 25,055 $ 13,443
Restricted certificates of deposit and escrow 1,078 1,020
Investments 84 1,980
Receivables, net 3,930 3,675
Due from Silvercrest Funds 1,594 1,622
Furniture, equipment and leasehold improvements, net 1,835 2,061
Goodwill 18,236 15,891
Intangible assets, net 12,954 12,363
Deferred tax asset - tax receivable agreement 12,204  
Prepaid expenses and other assets 896 399
Total assets 77,866 52,454
Liabilities, Redeemable Partners’ Capital and Stockholders’ Equity/Partners’ Deficit    
Accounts payable and accrued expenses 3,436 4,513
Accrued compensation 11,334 3,656
Notes payable 9,715 3,315
Borrowings under revolving credit facility 5,022  
Deferred rent 1,870 2,268
Deferred tax and other liabilities 3,759 565
Total liabilities 35,136 14,317
Redeemable partners’ capital   102,017
Notes receivable from partners   (3,410)
Total redeemable partners’ capital   98,607
Commitments and Contingencies (Note 10)      
Stockholders’ Equity/Partners’ Deficit    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding      
Additional Paid-In Capital 33,405  
Retained earnings 734  
Partners’ capital   47,904
Excess of liabilities, redeemable partners’ capital and partners’ capital over assets   (108,374)
Total stockholders’ equity/partners’ deficit 34,259 (60,470)
Non-controlling interests 8,471  
Total stockholders’ equity/partners’ deficit 42,730 (60,470)
Total liabilities, redeemable partners’ capital and stockholders’ equity/partners’ deficit 77,866 52,454
Class A Common Stock
    
Stockholders’ Equity/Partners’ Deficit    
Common Stock, Value 55  
Total stockholders’ equity/partners’ deficit 55 0
Class B Common Stock
    
Stockholders’ Equity/Partners’ Deficit    
Common Stock, Value 65  
Total stockholders’ equity/partners’ deficit $ 65 $ 0