Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes $ 73 $ 20
Cash Flows From Financing Activities    
Cash and cash equivalents, end of year 12,699  
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Recognition of tax receivable agreement liability 3,734  
Predecessor [Member]
    
Cash Flows From Operating Activities    
Net income 10,929 9,404
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity-based compensation 764 806
Depreciation and amortization 954 955
Deferred rent (222) (876)
Deferred income taxes 44 22
Non-cash interest on notes receivable from partners (44) (81)
Distributions received from investment funds 1,900 961
Other (4) (4)
Cash flows due to changes in operating assets and liabilities:    
Receivables and due from Silvercrest Funds 1,078 (1,306)
Prepaid expenses and other assets (556) (260)
Accounts payable and accrued expenses (24) (667)
Accrued compensation 139 (635)
Other liabilities (133) (75)
Interest payable on notes payable 104 104
Net cash provided by operating activities 14,929 8,348
Cash Flows From Investing Activities    
Restricted certificates of deposit and escrow (171) 112
Acquisition of furniture, equipment and leasehold improvements (64) (60)
Earn-outs paid related to acquisitions completed before January 1, 2009 (703) (390)
Acquisition of Ten-Sixty (2,500)  
Purchase of investments   (42)
Proceeds from sale of investments   139
Net cash used in investing activities (3,438) (241)
Cash Flows From Financing Activities    
Earn-outs paid related to acquisitions completed on or after January 1, 2009 (462) (75)
Borrowings under revolving credit facility 7,000  
Redemptions of partners' interests (261) (63)
Repayments of notes payable (704) (499)
Payments on capital leases (9) (12)
Distributions to partners (17,900) (13,194)
Offering costs (786)  
Payments from partners on notes receivable 887 950
Net cash used in financing activities (12,235) (12,893)
Net decrease in cash and cash equivalents (744) (4,786)
Cash and cash equivalents, beginning of year 13,443 7,354
Cash and cash equivalents, end of year 12,699 2,568
Net cash paid during the year for:    
Income taxes 811 866
Interest 34 46
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Notes receivable from new partners issued as capital contributions to Silvercrest L.P. 455 112
Accrual of pre-IPO distribution to partners of Silvercrest L.P. 10,000  
Accrual of partner incentive distributions 6,000  
Issuance of notes for redemption of partnership interest 5,300  
Liability for purchase of Class B units from partners of Silvercrest L.P. 35,365  
Receivable from underwriters for sale and issuance of Silvercrest Asset Management Group Inc. Class A common stock 49,310  
Accrued offering costs 277  
Recognition of deferred tax assets as a result of IPO 12,396  
Recognition of tax receivable agreement liability 3,734  
Predecessor [Member] | Ten-Sixty [Member]
    
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of notes payable for acquisition 1,592  
Predecessor [Member] | MW Commodity Advisors, LLC [Member]
    
Supplemental Disclosures of Non-cash Financing and Investing Activities    
Issuance of notes payable for acquisition   $ 132