Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.23.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Treasury Stock
Treasury Stock
Class A Common Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Total Silvercrest Asset Management Group Inc.'s Equity
Total Silvercrest Asset Management Group Inc.'s Equity
Class A Common Stock
Non-controlling Interest
Balance at Dec. 31, 2021 $ 116,808     $ 99 $ 45 $ 52,936 $ (512)     $ 27,782 $ 80,350   $ 36,458
Balance, Shares at Dec. 31, 2021       9,869,000 4,594,000   33,000            
Distributions to partners (2,685)                       (2,685)
Repayment of notes receivable from partners 157                       157
Equity-based compensation 228                       228
Net Income 12,396                 7,568 7,568   4,828
Deferred tax, net of amounts payable under tax receivable agreement 1         1         1    
Accrued interest on notes receivable from partners (1)                       (1)
Share conversion           24         24   (24)
Share conversion, Shares       3,000 (3,000)                
Dividends paid on Class A common stock (1,681)                 (1,681) (1,681)    
Balance at Mar. 31, 2022 125,223     $ 99 $ 45 52,961 $ (512)     33,669 86,262   38,961
Balance, Shares at Mar. 31, 2022       9,872,000 4,591,000   33,000            
Balance at Dec. 31, 2021 116,808     $ 99 $ 45 52,936 $ (512)     27,782 80,350   36,458
Balance, Shares at Dec. 31, 2021       9,869,000 4,594,000   33,000            
Net Income 21,869                        
Balance at Jun. 30, 2022 129,732     $ 99 $ 45 53,283 $ (512)     37,749 90,664   39,068
Balance, Shares at Jun. 30, 2022       9,911,000 4,603,000   33,000            
Balance at Dec. 31, 2021 116,808     $ 99 $ 45 52,936 $ (512)     27,782 80,350   36,458
Balance, Shares at Dec. 31, 2021       9,869,000 4,594,000   33,000            
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares   (508,782)                      
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc (9,295)                        
Balance at Dec. 31, 2022 125,832     $ 101 $ 44 53,982 $ (9,295)     39,761 84,593   41,239
Balance, Shares at Dec. 31, 2022   9,559,587 4,545,380 9,560,000 4,545,000   509,000            
Balance at Mar. 31, 2022 125,223     $ 99 $ 45 52,961 $ (512)     33,669 86,262   38,961
Balance, Shares at Mar. 31, 2022       9,872,000 4,591,000   33,000            
Distributions to partners (3,524)                       (3,524)
Issuance of Class B shares, Shares         1,000                
Issuance of Class B shares, Value 25                       25
Repayment of notes receivable from partners 15                       15
Equity-based compensation 276         55         55   221
Equity-based compensation, Shares         50,000                
Net Income 9,473                 5,770 5,770   3,703
Deferred tax, net of amounts payable under tax receivable agreement (65)         (65)         (65)    
Accrued interest on notes receivable from partners (1)                       (1)
Share conversion           332         332   (332)
Share conversion, Shares       39,000 (39,000)                
Dividends paid on Class A common stock (1,690)                 (1,690) (1,690)    
Balance at Jun. 30, 2022 129,732     $ 99 $ 45 53,283 $ (512)     37,749 90,664   39,068
Balance, Shares at Jun. 30, 2022       9,911,000 4,603,000   33,000            
Balance at Dec. 31, 2022 125,832     $ 101 $ 44 53,982 $ (9,295)     39,761 84,593   41,239
Balance, Shares at Dec. 31, 2022   9,559,587 4,545,380 9,560,000 4,545,000   509,000            
Distributions to partners (4,114)                       (4,114)
Repayment of notes receivable from partners 95                       95
Equity-based compensation 312                       312
Equity-based compensation, Shares       8,000                  
Net Income 5,310                 3,204 3,204   2,106
Deferred tax, net of amounts payable under tax receivable agreement (20)         (20)         (20)    
Accrued interest on notes receivable from partners (1)                       (1)
Share conversion           14         14   (14)
Share conversion, Shares       2,000 (2,000)                
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares       (96,000)       96,000          
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc   $ (1,644)           $ (1,644)       $ (1,644)  
Dividends paid on Class A common stock (1,724)                 (1,724) (1,724)    
Cumulative translation adjustment (2)               $ (2)   (2)    
Balance at Mar. 31, 2023 124,044     $ 101 $ 44 53,976 $ (10,939)   (2) 41,241 84,421   39,623
Balance, Shares at Mar. 31, 2023       9,474,000 4,543,000   605,000            
Balance at Dec. 31, 2022 125,832     $ 101 $ 44 53,982 $ (9,295)     39,761 84,593   41,239
Balance, Shares at Dec. 31, 2022   9,559,587 4,545,380 9,560,000 4,545,000   509,000            
Net Income 10,445                        
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares   (770,635)                      
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc (14,284)                        
Balance at Jun. 30, 2023 122,172     $ 101 $ 44 54,448 $ (14,284)   (5) 42,621 82,925   39,247
Balance, Shares at Jun. 30, 2023   9,373,443 4,529,370 9,373,000 4,529,000   771,000            
Balance at Mar. 31, 2023 124,044     $ 101 $ 44 53,976 $ (10,939)   (2) 41,241 84,421   39,623
Balance, Shares at Mar. 31, 2023       9,474,000 4,543,000   605,000            
Distributions to partners (2,226)                       (2,226)
Issuance of Class B shares, Shares         1,000                
Issuance of Class B shares, Value 25                       25
Equity-based compensation 382                       382
Equity-based compensation, Shares     50                    
Net Income 5,135                 3,085 3,085   2,050
Deferred tax, net of amounts payable under tax receivable agreement (134)         (134)         (134)    
Accrued interest on notes receivable from partners (1)                       (1)
Share conversion           606         606   (606)
Share conversion, Shares   65 (65)                    
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares   (166)         166            
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc (3,345)           $ (3,345)       (3,345)    
Dividends paid on Class A common stock (1,705)                 (1,705) (1,705)    
Cumulative translation adjustment (3)               (3)   (3)    
Balance at Jun. 30, 2023 $ 122,172     $ 101 $ 44 $ 54,448 $ (14,284)   $ (5) $ 42,621 $ 82,925   $ 39,247
Balance, Shares at Jun. 30, 2023   9,373,443 4,529,370 9,373,000 4,529,000   771,000