Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Management and advisory fees $ 21,774 $ 19,457 $ 63,900 $ 56,194
Performance fees and allocations     10  
Family office services 1,071 1,013 2,977 2,876
Total revenue 22,845 20,470 66,887 59,070
Expenses        
Compensation and benefits 13,508 12,166 39,618 35,390
General and administrative 4,021 4,123 12,052 12,370
Total expenses 17,529 16,289 51,670 47,760
Income before other (expense) income, net 5,316 4,181 15,217 11,310
Other (expense) income, net        
Other (expense) income, net 8 (215) 24 (99)
Interest income 11 15 33 47
Interest expense (17) (47) (85) (174)
Total other (expense) income, net 2 (247) (28) (226)
Income before provision for income taxes 5,318 3,934 15,189 11,084
Provision for income taxes 1,604 1,041 4,575 3,589
Net income 3,714 2,893 10,614 7,495
Less: net income attributable to non-controlling interests (1,842) (1,397) (5,197) (3,766)
Net income attributable to Silvercrest $ 1,872 $ 1,496 $ 5,417 $ 3,729
Net income per share:        
Basic $ 0.23 $ 0.19 $ 0.67 $ 0.47
Diluted $ 0.23 $ 0.19 $ 0.67 $ 0.47
Weighted average shares outstanding:        
Basic 8,119,444 8,038,638 8,101,077 8,020,793
Diluted 8,125,131 8,049,220 8,108,893 8,026,625