Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Total revenue $ 23,897 $ 24,577 $ 46,469 $ 48,908
Expenses        
Compensation and benefits 14,018 14,447 27,381 28,757
General and administrative 5,449 4,677 10,659 9,404
Total expenses 19,467 19,124 38,040 38,161
Income before other (expense) income, net 4,430 5,453 8,429 10,747
Other (expense) income, net        
Other (expense) income, net 8 8 15 18
Interest income 79 76 149 129
Interest expense (8) (13) (16) (29)
Total other (expense) income, net 79 71 148 118
Income before provision for income taxes 4,509 5,524 8,577 10,865
Provision for income taxes 1,158 1,331 2,181 2,622
Net income 3,351 4,193 6,396 8,243
Less: net income attributable to non-controlling interests (1,487) (1,856) (2,823) (3,675)
Net income attributable to Silvercrest $ 1,864 $ 2,337 $ 3,573 $ 4,568
Net income per share:        
Basic $ 0.22 $ 0.28 $ 0.42 $ 0.55
Diluted $ 0.22 $ 0.28 $ 0.42 $ 0.55
Weighted average shares outstanding:        
Basic 8,584,614 8,288,392 8,552,017 8,238,115
Diluted 8,587,156 8,292,809 8,555,181 8,243,163
Management and Advisory Fees        
Revenue        
Total revenue $ 22,879 $ 23,539 $ 44,468 $ 46,842
Family Office Services        
Revenue        
Total revenue $ 1,018 $ 1,038 $ 2,001 $ 2,066