Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Total revenue $ 24,021 $ 23,897 $ 52,386 $ 46,469
Expenses        
Compensation and benefits 13,367 14,018 29,075 27,381
General and administrative 9,297 5,449 9,340 10,659
Total expenses 22,664 19,467 38,415 38,040
Income before other (expense) income, net 1,357 4,430 13,971 8,429
Other (expense) income, net        
Other (expense) income, net 8 8 15 15
Interest income 4 79 10 149
Interest expense (134) (8) (325) (16)
Total other (expense) income, net (122) 79 (300) 148
Income before provision for income taxes 1,235 4,509 13,671 8,577
Provision for income taxes 453 1,158 3,199 2,181
Net income 782 3,351 10,472 6,396
Less: net income attributable to non-controlling interests (292) (1,487) (4,450) (2,823)
Net income attributable to Silvercrest $ 490 $ 1,864 $ 6,022 $ 3,573
Net income per share:        
Basic $ 0.05 $ 0.22 $ 0.64 $ 0.42
Diluted $ 0.05 $ 0.22 $ 0.64 $ 0.42
Weighted average shares outstanding:        
Basic 9,511,767 8,584,614 9,451,567 8,552,017
Diluted 9,520,655 8,587,156 9,458,363 8,555,181
Management and Advisory Fees        
Revenue        
Total revenue $ 23,018 $ 22,879 $ 50,406 $ 44,468
Family Office Services        
Revenue        
Total revenue $ 1,003 $ 1,018 $ 1,980 $ 2,001