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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
ASSETS      
Cash and Cash Equivalents ($0 and $1,030) $ 35,576 [1] $ 81,133 [1] $ 29,650
Restricted Cash 2,214 1,056 1,054
Due from Broker 131 55  
Advisory Fees Receivable 41,999 41,127  
Investments ($1,477and $27,483) [1] 71,584 95,506  
Receivable from Related Parties 5,780 3,871  
Other Receivables ($0 and $40) [1] 492 265  
Prepaid Expenses and Other Assets 1,714 1,700  
Right-of-use Assets 32,516 10,014  
Deferred Tax Asset 24,106 25,886  
Property and Equipment, Net of Accumulated Depreciation of $7,367and $7,086 respectively 4,003 3,687  
TOTAL ASSETS 220,115 264,300  
Liabilities:      
Accounts Payable and Accrued Expenses ($0and $62) [1] 27,884 44,167  
Due to Broker 124 0  
Securities Sold Short, at Fair Value 276 237  
Liability to Selling and Converting Shareholders 24,679 24,679  
Lease Liabilities 33,042 10,323  
Deferred Compensation Liability 2,066 6,840  
TOTAL LIABILITIES 88,071 86,246  
Commitments and Contingencies (see Note 12)  
Equity:      
Preferred Stock (Par Value $0.01; 200,000,000 Shares Authorized; None Outstanding)  
Additional Paid-In Capital 5,111 3,989  
Retained Earnings 32,026 38,420  
Accumulated Other Comprehensive Income 5 7  
Total Pzena Investment Management, Inc.'s Equity 37,313 42,588  
Non-Controlling Interests 94,731 135,466  
TOTAL EQUITY 132,044 178,054 $ 103,655
TOTAL LIABILITIES AND EQUITY 220,115 264,300  
Common Class A      
Equity:      
Common Stock $ 171 $ 172  
[1] Asset and liability amounts in parentheses represent the aggregated balances at March 31, 2022 and December 31, 2021 attributable to Pzena U.S. Best Ideas (GP), LLC and Pzena Global Best Ideas (GP), LLC, which were variable interest entities as of March 31, 2022 and December 31, 2021. Asset and liability amounts in parentheses at December 31, 2021 are also attributable to Pzena Global Focus Value Fund.