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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 30,689 $ 81,145 $ 151,802 $ 162,635
Operating Expenses        
Employee compensation and benefits 48,116 45,265 146,915 135,277
Occupancy and equipment rental 5,067 4,954 14,788 13,796
Depreciation and amortization 899 635 2,672 1,880
Information services 3,033 2,504 8,810 7,140
Professional fees 2,464 1,774 7,446 5,971
Travel related expenses 1,509 1,541 5,108 4,210
Other operating expenses 1,818 1,492 9,278 6,782
Total operating expenses 62,906 58,165 195,017 175,056
Total operating income (loss) (32,217) 22,980 (43,215) (12,421)
Interest expense 7,152 4,369 19,225 10,382
Income (loss) before taxes (39,369) 18,611 (62,440) (22,803)
Provision (benefit) for taxes (11,226) 4,400 (15,416) (6,176)
Net income (loss) $ (28,143) $ 14,211 $ (47,024) $ (16,627)
Average shares outstanding:        
Basic (shares) 18,815,295 17,935,848 18,646,125 18,197,533
Diluted (shares) 18,815,295 21,095,880 18,646,125 18,197,533
Earnings (loss) per share:        
Basic (usd per share) $ (1.50) $ 0.79 $ (2.52) $ (0.91)
Diluted (usd per share) $ (1.50) $ 0.67 $ (2.52) $ (0.91)