Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.21.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Total Silvercrest Asset Management Group Inc.'s Equity
Non-controlling Interest
Treasury Stock
Balance at Dec. 31, 2019 $ 97,807 $ 93 $ 49 $ 49,246 $ 15,648 $ 65,036 $ 32,771  
Balance, Shares at Dec. 31, 2019   9,330,000 5,031,000          
Distributions to partners (2,226)           (2,226)  
Repayment of notes receivable from partners 300           300  
Equity-based compensation 109     9   9 100  
Net Income 9,690       5,532 5,532 4,158  
Deferred tax, net of amounts payable under tax receivable agreement (364)     (364)   (364)    
Accrued interest on notes receivable from partners (2)           (2)  
Share conversion, Value   $ 2 $ (2) 1,149   1,149 (1,149)  
Share conversion, Shares   176,000 (176,000)          
Dividends paid on Class A common stock (1,520)       (1,520) (1,520)    
Balance at Mar. 31, 2020 103,794 $ 95 $ 47 50,040 19,660 69,842 33,952  
Balance, Shares at Mar. 31, 2020   9,506,000 4,855,000          
Balance at Dec. 31, 2019 97,807 $ 93 $ 49 49,246 15,648 65,036 32,771  
Balance, Shares at Dec. 31, 2019   9,330,000 5,031,000          
Net Income 13,952              
Balance at Sep. 30, 2020 100,913 $ 95 $ 47 50,185 19,155 69,482 31,431  
Balance, Shares at Sep. 30, 2020   9,545,000 4,828,000          
Balance at Dec. 31, 2019 97,807 $ 93 $ 49 49,246 15,648 65,036 32,771  
Balance, Shares at Dec. 31, 2019   9,330,000 5,031,000          
Balance at Dec. 31, 2020 103,399 $ 96 $ 46 51,039 19,498 70,679 32,720  
Balance, Shares at Dec. 31, 2020   9,650,692 4,721,646          
Balance at Mar. 31, 2020 103,794 $ 95 $ 47 50,040 19,660 69,842 33,952  
Balance, Shares at Mar. 31, 2020   9,506,000 4,855,000          
Distributions to partners (2,798)           (2,798)  
Equity-based compensation 157     10   10 147  
Equity-based compensation, Shares   2,000 9,000          
Net Income 782       490 490 292  
Deferred tax, net of amounts payable under tax receivable agreement 8     8   8    
Accrued interest on notes receivable from partners (2)           (2)  
Share conversion, Value       88   88 (88)  
Share conversion, Shares   12,000 (12,000)          
Dividends paid on Class A common stock (1,523)       (1,523) (1,523)    
Balance at Jun. 30, 2020 100,418 $ 95 $ 47 50,146 18,627 68,915 31,503  
Balance, Shares at Jun. 30, 2020   9,520,000 4,852,000          
Distributions to partners (1,497)           (1,497)  
Equity-based compensation 221     52   52 169  
Equity-based compensation, Shares   1,000            
Net Income 3,480       2,059 2,059 1,421  
Deferred tax, net of amounts payable under tax receivable agreement (176)     (176)   (176)    
Accrued interest on notes receivable from partners (2)           (2)  
Share conversion, Value       163   163 (163)  
Share conversion, Shares   24,000 (24,000)          
Dividends paid on Class A common stock (1,531)       (1,531) (1,531)    
Balance at Sep. 30, 2020 100,913 $ 95 $ 47 50,185 19,155 69,482 31,431  
Balance, Shares at Sep. 30, 2020   9,545,000 4,828,000          
Balance at Dec. 31, 2020 103,399 $ 96 $ 46 51,039 19,498 70,679 32,720  
Balance, Shares at Dec. 31, 2020   9,650,692 4,721,646          
Distributions to partners (1,758)           (1,758)  
Issuance of notes receivable from partners (475)           (475)  
Issuance of Class B shares, Value 476   $ 1     1 475  
Issuance of Class B shares, Shares     56,000          
Repayment of notes receivable from partners 228           228  
Equity-based compensation 469           469  
Net Income 4,335       2,552 2,552 1,783  
Deferred tax, net of amounts payable under tax receivable agreement 7     7   7    
Accrued interest on notes receivable from partners (2)           (2)  
Share conversion, Value       56   56 (56)  
Share conversion, Shares   8,000 (8,000)          
Dividends paid on Class A common stock (1,545)       (1,545) (1,545)    
Balance at Mar. 31, 2021 105,134 $ 96 $ 47 51,102 20,505 71,750 33,384  
Balance, Shares at Mar. 31, 2021   9,658,000 4,770,000          
Balance at Dec. 31, 2020 103,399 $ 96 $ 46 51,039 19,498 70,679 32,720  
Balance, Shares at Dec. 31, 2020   9,650,692 4,721,646          
Issuance of notes receivable from partners             (475)  
Net Income 16,350              
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc   $ (418)            
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc, Shares   (27,197)            
Balance at Sep. 30, 2021 109,825 $ 97 $ 47 51,408 24,363 75,497 34,328 $ (418)
Balance, Shares at Sep. 30, 2021   9,653,214 4,815,460         27,000
Balance at Mar. 31, 2021 105,134 $ 96 $ 47 51,102 20,505 71,750 33,384  
Balance, Shares at Mar. 31, 2021   9,658,000 4,770,000          
Distributions to partners (3,592)           (3,592)  
Issuance of Class B shares, Value 25           25  
Issuance of Class B shares, Shares     2,000          
Equity-based compensation 293 $ 1   55   56 237  
Equity-based compensation, Shares   1,000 21,000          
Net Income 5,661       3,335 3,335 2,326  
Deferred tax, net of amounts payable under tax receivable agreement 7     7   7    
Accrued interest on notes receivable from partners (1)           (1)  
Share conversion, Value       76   76 (76)  
Share conversion, Shares   11,000 (11,000)          
Dividends paid on Class A common stock (1,549)       (1,549) (1,549)    
Balance at Jun. 30, 2021 105,978 $ 97 $ 47 51,240 22,291 73,675 32,303  
Balance, Shares at Jun. 30, 2021   9,670,000 4,782,000          
Distributions to partners (1,471)           (1,471)  
Issuance of Class B shares, Value 674           674  
Issuance of Class B shares, Shares     44,000          
Equity-based compensation 344     75   75 269  
Net Income 6,354       3,723 3,723 2,631  
Deferred tax, net of amounts payable under tax receivable agreement 16     16   16    
Accrued interest on notes receivable from partners (1)           (1)  
Share conversion, Value       77   77 (77)  
Share conversion, Shares   11,000 (11,000)          
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc (418)         (418)   $ (418)
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc, Shares   (27,000)           27,000
Dividends paid on Class A common stock (1,651)       (1,651) (1,651)    
Balance at Sep. 30, 2021 $ 109,825 $ 97 $ 47 $ 51,408 $ 24,363 $ 75,497 $ 34,328 $ (418)
Balance, Shares at Sep. 30, 2021   9,653,214 4,815,460         27,000