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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Advisory fees:        
Asset-based $ 23,447 $ 24,940 $ 67,928 $ 76,327
Performance-based 226 0 635 2,206
Trust fees 7,690 7,973 22,798 21,044
Other, net 414 (462) 568 (207)
Total revenues 31,777 32,451 91,929 99,370
EXPENSES:        
Employee compensation and benefits 15,637 15,686 47,239 47,507
Sales and marketing 408 419 1,423 1,310
Westwood mutual funds 755 865 2,282 2,593
Information technology 1,874 1,626 6,039 4,085
Professional services 1,903 1,178 4,707 4,281
General and administrative 2,147 2,175 7,028 5,962
Total expenses 22,724 21,949 68,718 65,738
Income before income taxes 9,053 10,502 23,211 33,632
Provision for income taxes 3,166 3,489 8,141 11,214
Net income 5,887 7,013 15,070 22,418
Other comprehensive income (loss):        
Foreign currency translation adjustments (453) (1,386) 1,007 (2,541)
Total comprehensive income $ 5,434 $ 5,627 $ 16,077 $ 19,877
Earnings per share:        
Basic (dollars per share) $ 0.74 $ 0.90 $ 1.89 $ 2.90
Diluted (dollars per share) $ 0.72 $ 0.87 $ 1.84 $ 2.78
Weighted average shares outstanding:        
Basic (shares) 7,995,680 7,808,239 7,952,938 7,737,608
Diluted (shares) 8,179,956 8,037,080 8,212,468 8,076,055
Cash dividends declared per share (dollars per share) $ 0.57 $ 0.50 $ 1.71 $ 1.50