Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Management and advisory fees $ 13,516 $ 11,542 $ 39,245 $ 33,870
Performance fees and allocations 14 34 17 50
Family office services 1,207 1,183 3,632 3,626
Total revenue 14,737 12,759 42,894 37,546
Expenses        
Compensation and benefits 8,388 4,815 19,513 14,415
General and administrative 3,162 3,006 8,596 8,214
Total expenses 11,550 7,821 28,109 22,629
Income before other income (expense), net 3,187 4,938 14,785 14,917
Other income (expense), net        
Other income (expense), net 29 29 86 90
Interest income 36 34 85 120
Interest expense (180) (53) (288) (259)
Total other income (expense), net (115) 10 (117) (49)
Income before provision for income taxes 3,072 4,948 14,668 14,868
Provision for income taxes (823) (290) (1,489) (802)
Net income 2,249 4,658 13,179 14,066
Less: net income attributable to non-controlling interests (1,515)   (1,515)  
Net income attributable to Silvercrest $ 734   $ 11,664 $ 14,066
Net income per share/unit:        
Basic $ 0.14 $ 0.44 $ 1.34 $ 1.33
Diluted $ 0.14 $ 0.44 $ 1.31 $ 1.32
Weighted average shares/units outstanding:        
Basic 5,363,493 10,547,365 8,716,686 10,544,323
Diluted 5,363,493 10,693,816 8,873,877 10,690,775