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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Services and fees $ 64,395 $ 20,261 $ 117,213 $ 40,205
Interest income - Securities lending 2,218 2,218
Sale of goods 63 142 2
Total revenues 66,676 20,261 119,573 40,207
Operating expenses:        
Direct cost of services 18,485 5,560 36,086 12,243
Cost of goods sold 130 189 2
Selling, general and administrative expenses 37,722 14,521 61,874 26,117
Restructuring charge 6,214 6,588
Interest expense - Securities lending 1,565 1,565
Total operating expenses 64,116 20,081 106,302 38,362
Operating income 2,560 180 13,271 1,845
Other income (expense):        
Interest income 150 3 282 6
Interest expense (1,894) (275) (2,685) (407)
Income (loss) before income taxes 816 (92) 10,868 1,444
Benefit (provision) for income taxes 2,547 65 6,396 (101)
Net income (loss) 3,363 (27) 17,264 1,343
Net income (loss) attributable to noncontrolling interests 83 74 (37) 1,196
Net income (loss) attributable to B. Riley Financial, Inc. $ 3,280 $ (101) $ 17,301 $ 147
Basic income (loss) per share (in dollars per share) $ 0.15 $ (0.01) $ 0.85 $ 0.01
Diluted income (loss) per share (in dollars per share) 0.15 (0.01) 0.82 0.01
Cash dividends per share (in dollars per share) $ 0.16 $ 0.42
Weighted average basic shares outstanding (in shares) 21,216,829 17,935,254 20,311,231 17,212,716
Weighted average diluted shares outstanding (in shares) 22,119,055 17,935,254 20,984,757 17,547,073