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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenues $ 81,145 $ 88,646 $ 162,635 $ 200,807
Operating Expenses        
Employee compensation and benefits 45,265 44,390 135,277 131,473
Occupancy and equipment rental 4,954 4,628 13,796 13,625
Depreciation and amortization 635 722 1,880 2,302
Information services 2,504 2,476 7,140 7,161
Professional fees 1,774 2,431 5,971 6,331
Travel related expenses 1,541 815 4,210 1,523
Other operating expenses 1,492 2,822 6,782 9,994
Total operating expenses 58,165 58,284 175,056 172,409
Total operating income (loss) 22,980 30,362 (12,421) 28,398
Interest expense 4,369 2,985 10,382 9,271
Income (loss) before taxes 18,611 27,377 (22,803) 19,127
Provision (benefit) for taxes 4,400 7,233 (6,176) 5,724
Net income (loss) $ 14,211 $ 20,144 $ (16,627) $ 13,403
Average shares outstanding:        
Basic (shares) 17,935,848 19,046,407 18,197,533 19,387,582
Diluted (shares) 21,095,880 23,751,697 18,197,533 24,192,080
Earnings (loss) per share:        
Basic (usd per share) $ 0.79 $ 1.06 $ (0.91) $ 0.69
Diluted (usd per share) $ 0.67 $ 0.85 $ (0.91) $ 0.55