XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
REVENUE $ 52,760 $ 45,871
EXPENSES    
Compensation and Benefits Expense 21,186 19,135
General and Administrative Expense 4,945 3,696
Total Operating Expenses 26,131 22,831
Operating Income 26,629 23,040
OTHER INCOME/ (EXPENSE)    
Interest Income 26 55
Dividend Income 436 142
Net Realized and Unrealized (Losses)/ Gains from Investments (182) 2,563
Equity in (Losses)/ Earnings of Affiliates (63) 1,537
Other (Expense)/ Income (139) 58
Total Other Income 78 4,355
Income Before Income Taxes 26,707 27,395
Income Tax Expense 8,225 2,366
Net Income 18,482 25,029
Less: Net Income Attributable to Non-Controlling Interests 15,667 20,842
Net Income Attributable to Pzena Investment Management, Inc. 2,815 4,187
Supplemental Income Statement Elements [Abstract]    
Net Income for Basic Earnings per Share $ 2,815 $ 4,187
Basic Earnings per Share $ 0.16 $ 0.24
Basic Weighted Average Shares Outstanding [1] 17,350,846 17,240,412
Net Income for Diluted Earnings per Share $ 13,489 $ 19,731
Diluted Earnings per Share $ 0.16 $ 0.24
Diluted Weighted Average Shares Outstanding [1] 86,694,305 83,451,997
Cash Dividends per Share of Class A Common Stock $ 0.53 $ 0.25
[1] The Company issues restricted shares of Class A common stock and 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 basic and diluted earnings per share.