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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and Cash Equivalents ($8,043 and $1,030) [1] $ 74,951 $ 81,133
Restricted Cash 2,215 1,056
Due from Broker 3 55
Advisory Fees Receivable 34,450 41,127
Investments ($25,268 and $27,483) [1] 70,991 95,506
Receivable from Related Parties 5,033 3,871
Other Receivables ($295 and $40) [1] 5,458 265
Prepaid Expenses and Other Assets 1,533 1,700
Right-of-use Assets 54,339 10,014
Deferred Tax Asset 22,190 25,886
Property and Equipment, Net of Accumulated Depreciation of $7,887 and $7,086, respectively 7,871 3,687
TOTAL ASSETS 279,034 264,300
Liabilities:    
Accounts Payable and Accrued Expenses ($0and $62) [1] 42,209 44,167
Due to Broker ($7,675 and $0) [1] 7,601 0
Securities Sold Short, at Fair Value 231 237
Liability to Selling and Converting Shareholders 24,679 24,679
Lease Liabilities 65,224 10,323
Deferred Compensation Liability 4,894 6,840
TOTAL LIABILITIES 144,838 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 3,914 3,989
Retained Earnings 36,235 38,420
Accumulated Other Comprehensive (Loss)/ Income (271) 7
Total Pzena Investment Management, Inc.'s Equity 40,044 42,588
Non-Controlling Interests 94,152 135,466
TOTAL EQUITY 134,196 178,054
TOTAL LIABILITIES AND EQUITY 279,034 264,300
Common Class A    
Equity:    
Common Stock $ 166 $ 172
[1] Asset and liability amounts in parentheses represent the aggregated balances at September 30, 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 September 30, 2022 and December 31, 2021. Asset and liability amounts in parentheses at September 30, 2022 are also attributable to Pzena 320 Fund (GP), LLC and Pzena 320 Fund, LP. Asset and liability amounts in parentheses at December 31, 2021 are also attributable to Pzena Global Focus Value Fund.