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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenues $ 43,237 $ 47,786 $ 112,161 $ 114,885
Operating Expenses        
Employee compensation and benefits 39,791 46,476 87,083 100,836
Occupancy and equipment rental 4,600 7,411 8,997 12,757
Depreciation and amortization 793 569 1,580 1,168
Information services 2,327 2,651 4,685 5,056
Professional fees 1,704 1,899 3,900 4,221
Travel related expenses 516 118 708 2,506
Other operating expenses 2,695 3,772 7,172 6,122
Total operating expenses 52,426 62,896 114,125 132,666
Total operating income (loss) (9,189) (15,110) (1,964) (17,781)
Interest expense 3,078 3,728 6,286 8,511
Income (loss) before taxes (12,267) (18,838) (8,250) (26,292)
Provision (benefit) for taxes (3,442) (3,870) (1,509) (3,751)
Net income (loss) $ (8,825) $ (14,968) $ (6,741) $ (22,541)
Average shares outstanding:        
Basic (shares) 19,447,717 18,886,856 19,560,997 18,895,775
Diluted (shares) 19,447,717 18,886,856 19,560,997 18,895,775
Earnings (loss) per share:        
Basic (usd per share) $ (0.45) $ (0.79) $ (0.34) $ (1.19)
Diluted (usd per share) $ (0.45) $ (0.79) $ (0.34) $ (1.19)