Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 24,932 $ 22,845 $ 73,840 $ 66,887
Expenses        
Compensation and benefits 14,949 13,508 43,706 39,618
General and administrative 4,817 4,021 14,221 12,052
Total expenses 19,766 17,529 57,927 51,670
Income before other (expense) income, net 5,166 5,316 15,913 15,217
Other (expense) income, net        
Other (expense) income, net (23) 8 (5) 24
Interest income 70 11 199 33
Interest expense (7) (17) (36) (85)
Total other (expense) income, net 40 2 158 (28)
Income before provision for income taxes 5,206 5,318 16,071 15,189
Provision for income taxes 1,313 1,604 3,935 4,575
Net income 3,893 3,714 12,136 10,614
Less: net income attributable to non-controlling interests (1,731) (1,842) (5,406) (5,197)
Net income attributable to Silvercrest $ 2,162 $ 1,872 $ 6,730 $ 5,417
Net income per share:        
Basic $ 0.26 $ 0.23 $ 0.81 $ 0.67
Diluted $ 0.26 $ 0.23 $ 0.81 $ 0.67
Weighted average shares outstanding:        
Basic 8,321,927 8,119,444 8,266,359 8,101,077
Diluted 8,325,718 8,125,131 8,270,984 8,108,893
Management and Advisory Fees        
Revenue        
Total revenue $ 23,841 $ 21,774 $ 70,683 $ 63,900
Performance Fees and Allocations        
Revenue        
Total revenue       10
Family Office Services        
Revenue        
Total revenue $ 1,091 $ 1,071 $ 3,157 $ 2,977