XML 70 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT REPORTING (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Segment Reporting Information [Line Items]          
ReconciliationFromNetIncomeToNonGaapMeasure [Table Text Block]    
The following tables provide a reconciliation of Net income to Economic Earnings (in thousands):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Net income
 
$
5,368

 
$
4,132

 
$
21,338

 
$
17,092

Add: Stock-based compensation expense
 
3,695

 
4,233

 
11,658

 
12,298

Add: Intangible amortization
 
419

 
469

 
1,255

 
1,449

Add: Tax benefit from goodwill amortization
 
59

 
156

 
177

 
469

Economic Earnings
 
$
9,541

 
$
8,990

 
$
34,428

 
$
31,308

    
Net fee revenues from external sources $ 29,214 $ 33,192 $ 95,228 $ 98,606  
Net intersegment revenues 0 0 0 0  
Net interest and dividend revenue 239 154 616 458  
Other, net 401 146 337 807  
Total revenues 29,854 33,492 96,181 99,871  
Economic Earnings 9,541 8,990 34,428 31,308  
Intangible amortization 419 469 1,255 1,449  
Deferred taxes on goodwill 59 156 177 469  
Net income 5,368 4,132 21,338 17,092  
Segment assets 192,627 191,362 192,627 191,362 $ 192,659
Segment goodwill 19,804 27,144 19,804 27,144 $ 27,144
Operating Segments | Advisory          
Segment Reporting Information [Line Items]          
Net fee revenues from external sources 22,023 25,334 72,963 75,036  
Net intersegment revenues 1,756 2,026 5,639 6,050  
Net interest and dividend revenue 187 111 464 391  
Other, net 389 157 331 811  
Total revenues 24,355 27,628 79,397 82,288  
Economic Earnings 10,553 8,786 37,463 31,372  
Segment assets 220,138 208,444 220,138 208,444  
Segment goodwill 3,403 5,219 3,403 5,219  
Operating Segments | Trust          
Segment Reporting Information [Line Items]          
Net fee revenues from external sources 7,191 7,858 22,265 23,570  
Net intersegment revenues 58 57 171 160  
Net interest and dividend revenue 52 43 152 67  
Other, net 12 (11) 6 (4)  
Total revenues 7,313 7,947 22,594 23,793  
Economic Earnings 1,357 1,560 4,034 4,528  
Segment assets 60,658 73,170 60,658 73,170  
Segment goodwill 16,401 21,925 16,401 21,925  
Westwood Holdings          
Segment Reporting Information [Line Items]          
Net fee revenues from external sources 0 0 0 0  
Net intersegment revenues 0 0 0 0  
Net interest and dividend revenue 0 0 0 0  
Other, net 0 0 0 0  
Total revenues 0 0 0 0  
Economic Earnings (2,369) (1,356) (7,069) (4,592)  
Segment assets 16,839 18,388 16,839 18,388  
Segment goodwill 0 0 0 0  
Eliminations          
Segment Reporting Information [Line Items]          
Net fee revenues from external sources 0 0 0 0  
Net intersegment revenues (1,814) (2,083) (5,810) (6,210)  
Net interest and dividend revenue 0 0 0 0  
Other, net 0 0 0 0  
Total revenues (1,814) (2,083) (5,810) (6,210)  
Economic Earnings 0 0 0 0  
Segment assets (105,008) (108,640) (105,008) (108,640)  
Segment goodwill 0 0 0 0  
Restricted Stock          
Segment Reporting Information [Line Items]          
Allocated Share-based Compensation Expense $ 3,695 $ 4,233 $ 11,658 $ 12,298