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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Revenues $ 68,143 $ 67,965 $ 200,262 $ 207,868
Operating expenses        
Direct costs and expenses for advisors 37,725 38,624 116,636 121,761
Selling, general and administrative 23,092 23,990 70,327 70,898
Depreciation and amortization 1,672 1,977 5,031 5,872
Operating income 5,654 3,374 8,268 9,337
Interest income 41 3 133 113
Interest expense (1,598) (1,675) (4,763) (5,140)
Foreign currency transaction gain (loss) 7 (6) (28) 19
Income before taxes 4,104 1,696 3,610 4,329
Income tax provision (benefit) 2,373 (2,307) 2,363 (2,200)
Net income $ 1,731 $ 4,003 $ 1,247 $ 6,529
Weighted average shares outstanding:        
Basic (in shares) 47,426 45,115 46,704 44,491
Diluted (in shares) 48,404 47,100 47,204 46,349
Earnings per share:        
Basic (in dollars per share) $ 0.04 $ 0.09 $ 0.03 $ 0.15
Diluted (in dollars per share) $ 0.04 $ 0.08 $ 0.03 $ 0.14
Comprehensive income:        
Net income $ 1,731 $ 4,003 $ 1,247 $ 6,529
Foreign currency translation, net of tax benefit of $294, $110, $309 and $421, respectively. (927) (786) (982) (1,790)
Comprehensive income: $ 804 $ 3,217 $ 265 $ 4,739