Condensed Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Advisory revenues	$ 86,550	$ 86,495	$ 192,705	$ 261,315
Investment revenues	486	308	1,610	1,527
Total revenues	87,036	86,803	194,315	262,842
Expenses
Employee compensation and benefits	43,376	47,409	134,503	145,055
Occupancy and equipment rental	5,608	5,573	16,660	16,370
Depreciation and amortization	632	689	1,944	2,169
Information services	2,501	2,380	7,509	7,349
Professional fees	2,594	2,642	7,146	7,812
Travel related expenses	3,242	3,439	10,101	10,236
Other operating expenses	3,878	3,947	11,876	14,655
Total operating expenses	61,831	66,079	189,739	203,646
Total operating income	25,205	20,724	4,576	59,196
Interest expense	5,731	5,696	22,203	16,551
Income (loss) before taxes	19,474	15,028	(17,627)	42,645
Provision (benefit) for taxes	4,545	3,811	(4,473)	14,547
Net income (loss)	$ 14,929	$ 11,217	$ (13,154)	$ 28,098
Average shares outstanding:
Basic (shares)	23,546,249	24,870,779	24,202,310	27,503,942
Diluted (shares)	23,548,495	26,373,107	24,202,310	28,441,476
Earnings (loss) per share:
Basic (usd per share)	$ 0.63	$ 0.45	$ (0.54)	$ 1.02
Diluted (usd per share)	$ 0.63	$ 0.43	$ (0.54)	$ 0.99