XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Revenues $ 88,646 $ 56,045 $ 200,807 $ 170,930
Operating Expenses        
Employee compensation and benefits 44,390 46,754 131,473 147,590
Occupancy and equipment rental 4,628 7,539 13,625 20,296
Depreciation and amortization 722 551 2,302 1,719
Information services 2,476 2,650 7,161 7,706
Professional fees 2,431 3,149 6,331 7,370
Travel related expenses 815 19 1,523 2,525
Other operating expenses 2,822 2,464 9,994 8,586
Total operating expenses 58,284 63,126 172,409 195,792
Total operating income (loss) 30,362 (7,081) 28,398 (24,862)
Interest expense 2,985 3,519 9,271 12,030
Income (loss) before taxes 27,377 (10,600) 19,127 (36,892)
Provision (benefit) for taxes 7,233 (1,225) 5,724 (4,976)
Net income (loss) $ 20,144 $ (9,375) $ 13,403 $ (31,916)
Average shares outstanding:        
Basic (shares) 19,046,407 18,962,834 19,387,582 18,918,291
Diluted (shares) 23,751,697 18,962,834 24,192,080 18,918,291
Earnings (loss) per share:        
Basic (usd per share) $ 1.06 $ (0.49) $ 0.69 $ (1.69)
Diluted (usd per share) $ 0.85 $ (0.49) $ 0.55 $ (1.69)