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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
REVENUE $ 39,252 $ 32,044
EXPENSES    
Compensation and Benefits Expense 16,174 15,622
General and Administrative Expense 3,155 3,325
Total Operating Expenses 19,329 18,947
Operating Income 19,923 13,097
OTHER (EXPENSE)/ INCOME    
Interest Income 62 16
Dividend Income 36 92
Net Realized and Unrealized (Losses)/ Gains from Investments (34) 796
Equity in (Losses)/ Earnings of Affiliates (129) 435
Other Income 15 16
Total Other (Expense)/ Income (50) 1,355
Income Before Income Taxes 19,873 14,452
Income Tax Expense 2,207 1,726
Net Income 17,666 12,726
Less: Net Income Attributable to Non-Controlling Interests 14,143 10,390
Net Income Attributable to Pzena Investment Management, Inc. 3,523 2,336
Net Income for Basic Earnings per Share $ 3,523 $ 2,336
Basic Earnings per Share (in dollars per share) $ 0.20 $ 0.13
Basic Weighted Average Shares Outstanding (in shares) [1] 18,015,368 17,361,153
Net Income for Diluted Earnings per Share $ 14,226 $ 8,704
Diluted Earnings per Share (in dollars per share) $ 0.20 $ 0.12
Diluted Weighted Average Shares Outstanding (in shares) [1] 72,285,962 70,894,698
Cash Dividends per Share of Class A Common Stock (in dollars per share) $ 0.42 $ 0.28
[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.