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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
REVENUE $ 199,334 $ 138,619
EXPENSES    
Compensation and Benefits Expenses 77,072 68,487
General and Administrative Expenses 16,403 14,859
TOTAL OPERATING EXPENSES 93,475 83,346
Operating Income 105,859 55,273
OTHER INCOME    
Interest Income 210 466
Interest Expense (2) (16)
Dividend Income 976 329
Net Realized and Unrealized Gains from Investments 4,392 630 [1]
Equity in the Earnings/ (Losses) of Affiliates 2,170 (929) [1]
Other Income 670 72
Total Other Income 8,416 552
Income Before Income Taxes 114,275 55,825
Income Tax Expense 7,798 4,287
Net Income 106,477 51,538 [1]
Less: Net Income Attributable to Non-Controlling Interests 87,798 42,664
Net Income Attributable to Pzena Investment Management, Inc. 18,679 8,874
Supplemental Income Statement Elements [Abstract]    
Net Income for Basic Earnings per Share $ 18,679 $ 8,874
Basic Earnings per Share $ 1.07 $ 0.52
Basic Weighted Average Shares Outstanding 17,414,694 17,208,174
Net Income for Diluted Earnings per Share $ 83,661 $ 40,766
Diluted Earnings per Share $ 1.00 $ 0.52
Diluted Weighted Average Shares Outstanding [2] 84,007,638 79,143,710
Cash Dividends per Share of Class A Common Stock $ 0.34 $ 0.55
[1] Net consolidation (Deconsolidation) of Sponsored Investment Funds have been reclassified to conform to the current year presentation.
[2] The Company issues restricted shares of Class A common stock and the operating company issues restricted Class B units that have non-forfeitable dividend rights. Under the “two-class method,” these shares and units are considered participating securities and are required to be included in the computation of diluted earnings per share.