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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Other revenues $ 2,424 $ 5,043 $ 5,377 $ 8,812
Income of consolidated funds 32 2,308 32 4,912
Total Revenues 101,077 103,508 180,305 226,702
Expenses        
Compensation and benefits 65,290 80,709 132,709 166,424
Interest expense 4,674 6,523 10,456 12,731
General, administrative and other 142,615 28,427 177,321 66,215
Expenses of consolidated funds 19 84 19 139
Total Expenses 212,598 115,743 320,505 245,509
Other Income (Loss)        
Changes in tax receivable agreement liability 0 5,362 278 5,362
Net losses on early retirement of debt (170) (595) (693) (6,053)
Net gains (losses) on investments 29,178 3,148 (4,891) 5,837
Net gains of consolidated funds 0 482 0 4,228
Total Other Income (Loss) 29,008 8,397 (5,306) 9,374
Loss Before Income Taxes (82,513) (3,838) (145,506) (9,433)
Income taxes (17,400) 10,134 (27,368) 13,520
Consolidated and Comprehensive Net Loss (65,113) (13,972) (118,138) (22,953)
Less: Net loss attributable to noncontrolling interests 41,860 7,984 67,945 15,218
Less: Net income attributable to redeemable noncontrolling interests 0 (2,637) 0 (8,171)
Net Loss Attributable to Sculptor Capital Management, Inc. (23,253) (8,625) (50,193) (15,906)
Change in redemption value of Preferred Units (1,986) 0 (3,313) 44,364
Net (Loss) Income Attributable to Class A Shareholders $ (25,239) $ (8,625) $ (53,506) $ 28,458
(Loss) Earnings per Class A Share        
(Loss) Earnings Per Class A Share, Basic (in dollars per share) $ (1.12) $ (0.42) $ (2.38) $ 1.38
(Loss) Earnings Per Class A Share, Diluted (in dollars per share) $ (1.77) $ (0.46) $ (3.04) $ 1.10
Weighted-Average Class A Shares Outstanding, Basic (in shares) 22,590,084 20,722,510 22,447,399 20,599,616
Weighted-Average Class A Shares Outstanding, Diluted (in shares) 38,609,590 36,714,012 38,464,470 25,942,105
Management fees        
Revenues        
Investment management revenues $ 60,383 $ 61,400 $ 127,336 $ 125,023
Incentive income        
Revenues        
Investment management revenues $ 38,238 $ 34,757 $ 47,560 $ 87,955