Condensed Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Advisory revenues	$ 50,570	$ 86,769
Investment revenues	625	774
Total revenues	51,195	87,543
Expenses
Employee compensation and benefits	45,062	49,208
Occupancy and equipment rental	5,406	5,289
Depreciation and amortization	667	763
Information services	2,356	2,317
Professional fees	2,626	2,923
Travel related expenses	3,496	3,305
Other operating expenses	5,843	4,722
Total operating expenses	65,456	68,527
Total operating income (loss)	(14,261)	19,016
Interest expense	5,851	5,261
Income (loss) before taxes	(20,112)	13,755
Provision (benefit) for taxes	(4,726)	7,387
Net income (loss)	$ (15,386)	$ 6,368
Average shares outstanding:
Basic (shares)	23,955,714	29,754,957.000
Diluted (shares)	23,955,714	30,198,797.000
Earnings (loss) per share:
Basic (usd per share)	$ (0.64)	$ 0.21
Diluted (usd per share)	$ (0.64)	$ 0.21