Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.24.3
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, 2022 $ 125,832     $ 101 $ 44 $ 53,982 $ (9,295)     $ 39,761 $ 84,593   $ 41,239
Balance, Shares at Dec. 31, 2022       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       9,560,000 4,545,000   509,000            
Net Income 15,825                        
Balance at Sep. 30, 2023 123,891     $ 101 $ 44 54,478 $ (15,057)   (16) 44,057 83,607   40,284
Balance, Shares at Sep. 30, 2023       9,342,000 4,544,000   809,000            
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       9,560,000 4,545,000   509,000            
Balance at Dec. 31, 2023 121,810     $ 103 $ 43 55,809 $ (15,057)   (12) 41,851 82,737   39,073
Balance, Shares at Dec. 31, 2023   9,478,997 4,431,105 9,479,000 4,431,000   808,000            
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         50,000                
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       65,000 (65,000)                
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares       (166,000)       166,000          
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       9,373,000 4,529,000   771,000            
Distributions to partners (1,419)                       (1,419)
Issuance of Class B shares, Shares         22,000                
Equity-based compensation 353                       353
Net Income 5,380                 3,216 3,216   2,164
Deferred tax, net of amounts payable under tax receivable agreement (30)         (30)         (30)    
Accrued interest on notes receivable from partners (1)                       (1)
Share conversion           60         60   (60)
Share conversion, Shares       7,000 (7,000)                
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares       (38,000)       38,000          
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc (773)             $ (773)       (773)  
Dividends paid on Class A common stock (1,780)                 (1,780) (1,780)    
Cumulative translation adjustment (11)               (11)   (11)    
Balance at Sep. 30, 2023 123,891     $ 101 $ 44 54,478 $ (15,057)   (16) 44,057 83,607   40,284
Balance, Shares at Sep. 30, 2023       9,342,000 4,544,000   809,000            
Balance at Dec. 31, 2023 121,810     $ 103 $ 43 55,809 $ (15,057)   (12) 41,851 82,737   39,073
Balance, Shares at Dec. 31, 2023   9,478,997 4,431,105 9,479,000 4,431,000   808,000            
Distributions to partners (3,304)                       (3,304)
Repayment of notes receivable from partners 94                       94
Equity-based compensation 354                       354
Net Income 4,915                 3,000 3,000   1,915
Deferred tax, net of amounts payable under tax receivable agreement (1)         (1)         (1)    
Share conversion           27         27   (27)
Share conversion, Shares       3,000 (3,000)                
Dividends paid on Class A common stock (1,808)                 (1,808) (1,808)    
Cumulative translation adjustment (10)               (10)   (10)    
Balance at Mar. 31, 2024 122,050     $ 103 $ 43 55,835 $ (15,057)   (22) 43,043 83,945   38,105
Balance, Shares at Mar. 31, 2024       9,482,000 4,428,000   808,000            
Balance at Dec. 31, 2023 121,810     $ 103 $ 43 55,809 $ (15,057)   (12) 41,851 82,737   39,073
Balance, Shares at Dec. 31, 2023   9,478,997 4,431,105 9,479,000 4,431,000   808,000            
Net Income 13,025                        
Balance at Sep. 30, 2024 122,878     $ 104 $ 43 56,643 $ (16,421)   (19) 44,227 84,577   38,301
Balance, Shares at Sep. 30, 2024   9,503,410 4,406,295 9,503,000 4,406,000   891,000            
Balance at Mar. 31, 2024 122,050     $ 103 $ 43 55,835 $ (15,057)   (22) 43,043 83,945   38,105
Balance, Shares at Mar. 31, 2024       9,482,000 4,428,000   808,000            
Distributions to partners (1,612)                       (1,612)
Issuance of Class B shares, Shares         2,000                
Issuance of Class B shares, Value 25                       25
Equity-based compensation 485         54         54   431
Equity-based compensation, Shares       11,000 67,000                
Net Income 4,380                 2,665 2,665   1,715
Deferred tax, net of amounts payable under tax receivable agreement 4         4         4    
Accrued interest on notes receivable from partners (1)                       (1)
Share conversion           482         482   (482)
Share conversion, Shares       54,000 (54,000)                
Dividends paid on Class A common stock (1,820)                 (1,820) (1,820)    
Cumulative translation adjustment (6)               (6)   (6)    
Balance at Jun. 30, 2024 123,505     $ 103 $ 43 56,375 $ (15,057)   (28) 43,888 85,324   38,181
Balance, Shares at Jun. 30, 2024       9,547,000 4,443,000   808,000            
Distributions to partners (1,479)                       (1,479)
Equity-based compensation 537     $ 1   82         83   454
Equity-based compensation, Shares       2,000                  
Net Income 3,730                 2,252 2,252   1,478
Deferred tax, net of amounts payable under tax receivable agreement (147)         (147)         (147)    
Accrued interest on notes receivable from partners                         0
Share conversion           333         333   (333)
Share conversion, Shares       37,000 (37,000)                
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc., Shares       (83,000)       83,000          
Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc (1,364)             $ (1,364)       $ (1,364)  
Dividends paid on Class A common stock (1,913)                 (1,913) (1,913)    
Cumulative translation adjustment 9               9   9    
Balance at Sep. 30, 2024 $ 122,878     $ 104 $ 43 $ 56,643 $ (16,421)   $ (19) $ 44,227 $ 84,577   $ 38,301
Balance, Shares at Sep. 30, 2024   9,503,410 4,406,295 9,503,000 4,406,000   891,000