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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
$ in Millions
12 Months Ended
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
Other Revenue, Net $ 799,000 $ 996,000 $ 1,552,000
Total revenues 84,079,000 122,300,000 133,785,000
Amortization of intangible assets 1,726,000 1,672,000 1,872,000
Expenses:      
Employee compensation and benefits 50,152,000 59,959,000 64,955,000
Sales and marketing 2,068,000 1,936,000 2,042,000
Westwood mutual funds 3,097,000 3,808,000 3,938,000
Information technology 8,426,000 9,103,000 7,785,000
Professional services 4,322,000 4,783,000 5,916,000
Litigation Settlement, Expense 0 0 4,009,000
General and administrative 9,516,000 9,564,000 9,652,000
Foreign Currency Transaction Gain (Loss), before Tax (1,854,000) (2,791,000) (1,595,000)
Total expenses 79,435,000 86,362,000 99,892,000
Operating Income (Loss) 4,644,000 35,938,000 33,893,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 0 524,000 0
Income (loss) before income taxes 9,402,000 36,462,000 33,893,000
Provision for income taxes 3,491,000 9,711,000 13,904,000
Net income 5,911,000 26,751,000 19,989,000
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments 1,940,000 (3,119,000) 2,523,000
Other comprehensive income (loss) 1,940,000 (3,119,000) 2,523,000
Total comprehensive income $ 7,851,000 $ 23,632,000 $ 22,512,000
Earnings per share:      
Basic (in dollars per share) | $ / shares $ 0.70 $ 3.20 $ 2.45
Diluted (in dollars per share) | $ / shares $ 0.70 $ 3.13 $ 2.38
Weighted average shares outstanding:      
Basic (in shares) | shares 8,408,017 8,365,360 8,147,742
Diluted (in shares) | shares 8,463,239 8,547,370 8,400,022
Unrealized Gain (Loss) on Investments $ 3,296,000    
Investment Income, Investment Expense 1,318,000    
Other Income 144,000    
General and Administrative Expense [Member]      
Amortization of intangible assets 1,726,000 $ 1,700,000 $ 1,900,000
Asset Management [Member]      
Revenue from Contract with Customer, Including Assessed Tax 57,033,000 89,367,000 99,201,000
Investment Performance [Member]      
Revenue from Contract with Customer, Including Assessed Tax 764,000 2,984,000 1,411,000
Fiduciary and Trust [Member]      
Revenue from Contract with Customer, Including Assessed Tax $ 25,483,000 $ 28,953,000 $ 31,621,000