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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues $ 71,435 $ 36,049 $ 121,113 $ 81,490
Operating Expenses        
Employee compensation and benefits 38,223 43,163 98,799 90,012
Occupancy and equipment rental 4,732 4,439 9,721 8,842
Depreciation and amortization 886 625 1,773 1,245
Information services 3,421 2,336 5,777 4,636
Professional fees 2,987 2,231 4,982 4,197
Travel related expenses 1,676 1,549 3,599 2,669
Other operating expenses 4,689 2,579 7,460 5,290
Total operating expenses 56,614 56,922 132,111 116,891
Total operating income (loss) 14,821 (20,873) (10,998) (35,401)
Interest expense 6,260 3,258 12,073 6,013
Income (loss) before taxes 8,561 (24,131) (23,071) (41,414)
Provision (benefit) for taxes 4,124 (5,399) (4,190) (10,576)
Net income (loss) $ 4,437 $ (18,732) $ (18,881) $ (30,838)
Average shares outstanding:        
Basic (shares) 18,802,352 18,237,538 18,560,137 18,330,545
Diluted (shares) 21,461,523 18,237,538 18,560,137 18,330,545
Earnings (loss) per share:        
Basic (usd per share) $ 0.24 $ (1.03) $ (1.02) $ (1.68)
Diluted (usd per share) $ 0.21 $ (1.03) $ (1.02) $ (1.68)