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Segment Reporting (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                      
Revenue From External Sources                 $ 83,280,000 $ 121,304,000 $ 132,233,000
Net intersegment revenues                 0 0 0
Net interest and dividend revenue                 103,000 910,000 636,000
Other revenue                 696,000 86,000 916,000
Total revenues $ 18,616,000 $ 19,892,000 $ 21,709,000 $ 23,862,000 $ 26,119,000 $ 29,854,000 $ 32,760,000 $ 33,567,000 84,079,000 122,300,000 133,785,000
Expenses:                      
Depreciation and amortization                 2,624,000 2,539,000 2,916,000
Other operating expenses                 76,811,000 83,823,000 96,976,000
Total expenses                 79,435,000 86,362,000 99,892,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal                 0 524,000 0
Income (loss) before income taxes 3,691,000 1,559,000 2,656,000 1,496,000 7,888,000 7,151,000 10,936,000 10,487,000 9,402,000 36,462,000 33,893,000
Income tax expense (benefit)                 3,491,000 9,711,000 13,904,000
Net income 2,541,000 $ 1,117,000 $ 1,861,000 $ 392,000 5,413,000 $ 5,368,000 $ 7,992,000 $ 7,978,000 5,911,000 26,751,000 19,989,000
Restricted stock expense                 10,305,000 15,283,000 16,430,000
Amortization of intangible assets                 1,726,000 1,672,000 1,872,000
Deferred taxes on goodwill                 237,000 237,000 626,000
Economic Earnings (Loss)                 18,179,000 43,943,000 38,917,000
Assets 178,707,000       199,183,000       178,707,000 199,183,000 192,659,000
Segment goodwill 19,804,000       19,804,000       19,804,000 19,804,000 27,144,000
Expenditures for long-lived assets                 593,000 991,000 884,000
Unrealized Gain (Loss) on Investments                 3,296,000    
Investment Income, Investment Expense                 1,318,000    
Other Income                 144,000    
General and Administrative Expense [Member]                      
Expenses:                      
Amortization of intangible assets                 1,726,000 1,700,000 1,900,000
Operating Segments | Advisory [Member]                      
Segment Reporting Information [Line Items]                      
Revenue From External Sources                 57,797,000 92,351,000 100,612,000
Net intersegment revenues                 3,457,000 6,973,000 8,120,000
Net interest and dividend revenue                 103,000 708,000 546,000
Other revenue                 696,000 53,000 911,000
Total revenues                 62,053,000 100,085,000 110,189,000
Expenses:                      
Depreciation and amortization                 311,000 276,000 548,000
Other operating expenses                 46,235,000 48,970,000 58,950,000
Total expenses                 46,546,000 49,246,000 59,498,000
Income (loss) before income taxes                 17,962,000 50,838,000 50,691,000
Income tax expense (benefit)                 4,308,000 12,032,000 17,120,000
Net income                 13,654,000 38,806,000 33,571,000
Restricted stock expense                 5,362,000 8,673,000 9,140,000
Amortization of intangible assets                 170,000 95,000 138,000
Deferred taxes on goodwill                 0 0 38,000
Economic Earnings (Loss)                 19,186,000 47,574,000 42,887,000
Assets 242,854,000       230,565,000       242,854,000 230,565,000 207,792,000
Segment goodwill 3,403,000       3,403,000       3,403,000 3,403,000 5,219,000
Expenditures for long-lived assets                 288,000 314,000 151,000
Unrealized Gain (Loss) on Investments                 1,438,000    
Investment Income, Investment Expense                 1,017,000    
Other Income                 0    
Operating Segments | Trust [Member]                      
Segment Reporting Information [Line Items]                      
Revenue From External Sources                 25,483,000 28,953,000 31,621,000
Net intersegment revenues                 236,000 238,000 218,000
Net interest and dividend revenue                 0 202,000 90,000
Other revenue                 0 33,000 5,000
Total revenues                 25,719,000 29,426,000 31,934,000
Expenses:                      
Depreciation and amortization                 1,765,000 1,764,000 1,900,000
Other operating expenses                 19,672,000 25,467,000 28,580,000
Total expenses                 21,437,000 27,231,000 30,480,000
Income (loss) before income taxes                 5,606,000 2,179,000 1,454,000
Income tax expense (benefit)                 1,459,000 572,000 (47,000)
Net income                 4,147,000 1,607,000 1,501,000
Restricted stock expense                 1,587,000 2,356,000 2,641,000
Amortization of intangible assets                 1,516,000 1,537,000 1,734,000
Deferred taxes on goodwill                 237,000 237,000 588,000
Economic Earnings (Loss)                 7,487,000 5,737,000 6,464,000
Assets 51,274,000       64,196,000       51,274,000 64,196,000 69,174,000
Segment goodwill 16,401,000       16,401,000       16,401,000 16,401,000 21,925,000
Expenditures for long-lived assets                 223,000 295,000 530,000
Unrealized Gain (Loss) on Investments                 1,026,000    
Investment Income, Investment Expense                 298,000    
Other Income                 0    
Westwood Holdings                      
Segment Reporting Information [Line Items]                      
Revenue From External Sources                 0 0 0
Net intersegment revenues                 0 0 0
Net interest and dividend revenue                 0 0 0
Other revenue                 0 0 0
Total revenues                 0 0 0
Expenses:                      
Depreciation and amortization                 548,000 499,000 468,000
Other operating expenses                 14,597,000 16,597,000 17,784,000
Total expenses                 15,145,000 17,096,000 18,252,000
Income (loss) before income taxes                 (14,166,000) (16,555,000) (18,252,000)
Income tax expense (benefit)                 (2,276,000) (2,893,000) (3,169,000)
Net income                 (11,890,000) (13,662,000) (15,083,000)
Restricted stock expense                 3,356,000 4,254,000 4,649,000
Amortization of intangible assets                 40,000 40,000 0
Deferred taxes on goodwill                 0 0 0
Economic Earnings (Loss)                 (8,494,000) (9,368,000) (10,434,000)
Assets 24,732,000       19,240,000       24,732,000 19,240,000 18,437,000
Segment goodwill 0       0       0 0 0
Expenditures for long-lived assets                 82,000 382,000 203,000
Unrealized Gain (Loss) on Investments                 832,000    
Investment Income, Investment Expense                 3,000    
Other Income                 144,000    
Eliminations                      
Segment Reporting Information [Line Items]                      
Revenue From External Sources                 0 0 0
Net intersegment revenues                 (3,693,000) (7,211,000) (8,338,000)
Net interest and dividend revenue                 0 0 0
Other revenue                 0 0 0
Total revenues                 (3,693,000) (7,211,000) (8,338,000)
Expenses:                      
Depreciation and amortization                 0 0 0
Other operating expenses                 (3,693,000) (7,211,000) (8,338,000)
Total expenses                 (3,693,000) (7,211,000) (8,338,000)
Income (loss) before income taxes                 0 0 0
Income tax expense (benefit)                 0 0 0
Net income                 0 0 0
Restricted stock expense                 0 0 0
Amortization of intangible assets                 0 0 0
Deferred taxes on goodwill                 0 0 0
Economic Earnings (Loss)                 0 0 0
Assets (140,153,000)       (114,818,000)       (140,153,000) (114,818,000) (102,744,000)
Segment goodwill $ 0       $ 0       0 0 0
Expenditures for long-lived assets                 0 $ 0 $ 0
Unrealized Gain (Loss) on Investments                 0    
Investment Income, Investment Expense                 0    
Other Income                 $ 0