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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenues $ 36,049 $ 43,237 $ 81,490 $ 112,161
Operating Expenses        
Employee compensation and benefits 43,163 39,791 90,012 87,083
Occupancy and equipment rental 4,439 4,600 8,842 8,997
Depreciation and amortization 625 793 1,245 1,580
Information services 2,336 2,327 4,636 4,685
Professional fees 2,231 1,704 4,197 3,900
Travel related expenses 1,549 516 2,669 708
Other operating expenses 2,579 2,695 5,290 7,172
Total operating expenses 56,922 52,426 116,891 114,125
Total operating income (loss) (20,873) (9,189) (35,401) (1,964)
Interest expense 3,258 3,078 6,013 6,286
Income (loss) before taxes (24,131) (12,267) (41,414) (8,250)
Provision (benefit) for taxes (5,399) (3,442) (10,576) (1,509)
Net income (loss) $ (18,732) $ (8,825) $ (30,838) $ (6,741)
Average shares outstanding:        
Basic (shares) 18,237,538 19,447,717 18,330,545 19,560,997
Diluted (shares) 18,237,538 19,447,717 18,330,545 19,560,997
Earnings (loss) per share:        
Basic (usd per share) $ (1.03) $ (0.45) $ (1.68) $ (0.34)
Diluted (usd per share) $ (1.03) $ (0.45) $ (1.68) $ (0.34)