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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Advisory fees        
Asset based $ 22,857 $ 17,956 $ 65,341 $ 49,989
Performance based   26 3,806 2,561
Trust fees 5,282 4,672 15,461 13,463
Other, net (17) 344 368 560
Total revenues 28,122 22,998 84,976 66,573
EXPENSES:        
Employee compensation and benefits 13,309 12,508 39,026 36,163
Sales and marketing 430 326 1,092 947
Westwood mutual funds 591 599 1,965 1,465
Information technology 807 690 2,536 2,024
Professional services 983 887 3,554 2,966
General and administrative 1,410 1,250 4,242 3,723
Total expenses 17,530 16,260 52,415 47,288
Income before income taxes 10,592 6,738 32,561 19,285
Provision for income taxes 3,474 2,437 11,290 7,211
Net income 7,118 4,301 21,271 12,074
Other comprehensive income (loss):        
Foreign currency translation adjustments (578) 104 (600) (131)
Total comprehensive income $ 6,540 $ 4,405 $ 20,671 $ 11,943
Earnings per share:        
Basic $ 0.95 $ 0.58 $ 2.83 $ 1.64
Diluted $ 0.92 $ 0.57 $ 2.73 $ 1.57
Weighted average shares outstanding:        
Basic 7,525,489 7,374,600 7,507,937 7,347,376
Diluted 7,734,309 7,597,001 7,801,073 7,667,851