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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
$ in Thousands, CAD in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
$ / shares
shares
Dec. 31, 2016
USD ($)
$ / shares
shares
Dec. 31, 2015
USD ($)
$ / shares
shares
Advisory fees:      
Asset-based $ 99,201 $ 91,492 $ 99,275
Performance-based 1,411 635 2,698
Trust fees 31,621 30,313 28,795
Other revenues, net 1,552 581 168
Total revenues 133,785 123,021 130,936
Expenses:      
Employee compensation and benefits 64,955 61,509 63,562
Sales and marketing 2,042 1,919 1,839
Westwood mutual funds 3,938 3,155 3,435
Information technology 7,785 7,735 5,732
Professional services 5,916 5,622 5,617
Litigation Settlement, Expense 4,000 0 0
General and administrative 11,247 9,071 8,531
Total expenses 99,892 89,011 88,716
Income (loss) before income taxes 33,893 34,010 42,220
Provision for income taxes 13,904 11,363 15,115
Net income 19,989 22,647 27,105
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments 2,523 401 (3,457)
Other comprehensive income (loss) 2,523 401 (3,457)
Total comprehensive income $ 22,512 $ 23,048 $ 23,648
Earnings per share:      
Basic (in dollars per share) | $ / shares $ 2.45 $ 2.84 $ 3.49
Diluted (in dollars per share) | $ / shares $ 2.38 $ 2.77 $ 3.33
Weighted average shares outstanding:      
Basic (in shares) | shares 8,147,742 7,961,891 7,756,647
Diluted (in shares) | shares 8,400,022 8,165,475 8,149,399