Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue        
Management and advisory fees $ 16,088 $ 13,272 $ 31,671 $ 25,729
Performance fees and allocations       3
Family office services 1,138 1,200 2,275 2,425
Total revenue 17,226 14,472 33,946 28,157
Expenses        
Compensation and benefits 9,761 5,925 19,472 11,125
General and administrative 3,222 2,722 6,436 5,434
Total expenses 12,983 8,647 25,908 16,559
Income before other (expense) income, net 4,243 5,825 8,038 11,598
Other (expense) income, net        
Other income, net   29 8 57
Interest income 16 22 36 49
Interest expense (128) (71) (255) (108)
Total other (expense) income, net (112) (20) (211) (2)
Income before provision for income taxes 4,131 5,805 7,827 11,596
Provision for income taxes (1,333) (338) (2,788) (667)
Net income 2,798 5,467 5,039 10,929
Less: net income attributable to non-controlling interests (1,447)   (2,744)  
Net income attributable to Silvercrest $ 1,351   $ 2,295  
Net income per share/unit:        
Basic $ 0.18 $ 0.50 $ 0.31 $ 1.02
Diluted $ 0.18 $ 0.49 $ 0.31 $ 0.99
Weighted average shares/units outstanding:        
Basic 7,523,464 10,909,091 7,523,219 10,697,653
Diluted 7,523,464 11,146,180 7,523,219 10,934,742