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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 47,786 $ 56,084 $ 114,885 $ 107,279
Operating Expenses        
Employee compensation and benefits 46,476 46,065 100,836 91,127
Occupancy and equipment rental 7,411 5,646 12,757 11,052
Depreciation and amortization 569 645 1,168 1,312
Information services 2,651 2,652 5,056 5,008
Professional fees 1,899 1,926 4,221 4,552
Travel related expenses 118 3,363 2,506 6,859
Other operating expenses 3,772 2,155 6,122 7,998
Total operating expenses 62,896 62,452 132,666 127,908
Total operating income (loss) (15,110) (6,368) (17,781) (20,629)
Interest expense 3,728 10,621 8,511 16,472
Income (loss) before taxes (18,838) (16,989) (26,292) (37,101)
Provision (benefit) for taxes (3,870) (4,292) (3,751) (9,018)
Net income (loss) $ (14,968) $ (12,697) $ (22,541) $ (28,083)
Average shares outstanding:        
Basic (shares) 18,886,856 23,925,310 18,895,775 24,231,448
Diluted (shares) 18,886,856 23,925,310 18,895,775 24,231,448
Earnings (loss) per share:        
Basic (usd per share) $ (0.79) $ (0.53) $ (1.19) $ (1.16)
Diluted (usd per share) $ (0.79) $ (0.53) $ (1.19) $ (1.16)