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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
REVENUE $ 37,410 $ 39,252
EXPENSES    
Compensation and Benefits Expense 17,189 16,174
General and Administrative Expense 4,027 3,155
Total Operating Expenses 21,216 19,329
Operating Income 16,194 19,923
OTHER INCOME    
Interest Income 217 62
Dividend Income 62 36
Net Realized and Unrealized Gains/ (Losses) from Investments 837 (34)
Equity in Earnings/ (Losses) of Affiliates 758 (129)
Other (Expense)/ Income (55) 15
Total Other Income/ (Expense) 1,819 (50)
Income Before Income Taxes 18,013 19,873
Income Tax Expense 2,071 2,207
Net Income 15,942 17,666
Less: Net Income Attributable to Non-Controlling Interests 12,840 14,143
Net Income Attributable to Pzena Investment Management, Inc. 3,102 3,523
Net Income for Basic Earnings per Share $ 3,102 $ 3,523
Basic Earnings per Share $ 0.17 $ 0.20
Basic Weighted Average Shares Outstanding [1] 18,278,773 18,015,368
Net Income for Diluted Earnings per Share $ 12,808 $ 14,226
Diluted Earnings per Share $ 0.17 $ 0.20
Diluted Weighted Average Shares Outstanding [1] 74,258,120 72,285,962
Cash Dividends per Share of Class A Common Stock $ 0.49 $ 0.42
[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.