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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Realized Investment Gains (Losses)     $ (8,371) $ 8,371
Gain (Loss) on Investments $ 0   0  
REVENUES:        
Other Revenue, Net (245) $ (103) (1,276) (375)
Total revenues 15,406 17,860 48,225 53,663
EXPENSES:        
Employee compensation and benefits 9,526 10,268 28,993 32,053
Sales and marketing 335 292 1,326 892
Westwood mutual funds 615 814 1,812 1,573
Information technology 2,170 1,937 5,934 6,190
Professional services 1,660 726 4,655 3,471
General and administrative 2,182 1,779 6,570 5,893
Total expenses 16,488 15,816 49,290 50,072
Operating Income (Loss) (1,082) 2,044 (1,065) 3,591
Net change in unrealized appreciation (depreciation) on private investments (249) (13) (511) (2,124)
Gain on sale of operations     93 562
Other Income 206 198 598 390
Income (loss) before income taxes (1,021) 2,360 (885) 10,790
Income tax provision 154 481 618 3,840
Net income (loss) (1,175) 1,879 (1,503) 6,950
Other comprehensive income (loss):        
Total comprehensive income (loss) $ (1,175) $ 1,879 $ (1,503) $ 6,950
Earnings (loss) per share:        
Basic (dollars per share) $ (0.15) $ 0.24 $ (0.19) $ 0.88
Diluted (dollars per share) $ (0.15) $ 0.24 $ (0.19) $ 0.88
Weighted average shares outstanding:        
Basic (shares) 7,794,060 7,887,259 7,867,555 7,886,359
Diluted (shares) 7,794,060 7,956,081 7,867,555 7,933,860
Investment Income, Investment Expense     $ 104 $ 131
Asset Management [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 10,474 $ 12,011 33,244 33,846
Investment Performance [Member]        
Revenue from Contract with Customer, Including Assessed Tax 0 0 0 1,959
Fiduciary and Trust [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 5,177 $ 5,952 $ 16,257 $ 18,233