XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Services and fees $ 85,141 $ 50,300 $ 202,354 $ 90,505
Interest income - Securities lending 7,206 9,424
Sale of goods 79 6,666 221 6,668
Total revenues 92,426 56,966 211,999 97,173
Operating expenses:        
Direct cost of services 10,138 12,841 46,224 25,084
Cost of goods sold 124 2,391 313 2,393
Selling, general and administrative expenses 70,962 22,727 132,836 48,844
Restructuring charge 4,896 3,585 11,484 3,585
Interest expense - Securities lending 4,950 6,515
Total operating expenses 91,070 41,544 197,372 79,906
Operating income 1,356 15,422 14,627 17,267
Other income (expense):        
Interest income 76 26 358 32
Loss from equity investment (157) (157)
Interest expense (2,510) (991) (5,195) (1,398)
(Loss) income before income taxes (1,235) 14,457 9,633 15,901
Benefit from (provision for) income taxes 1,357 (6,083) 7,753 (6,184)
Net income 122 8,374 17,386 9,717
Net (loss) income attributable to noncontrolling interests (246) (565) (283) 631
Net income attributable to B. Riley Financial, Inc. $ 368 $ 8,939 $ 17,669 $ 9,086
Basic income per share (in dollars per share) $ 0.01 $ 0.47 $ 0.80 $ 0.51
Diluted income per share (in dollars per share) 0.01 0.47 0.76 0.50
Cash dividends per share (in dollars per share) $ 0.13 $ 0.03 $ 0.55 $ 0.03
Weighted average basic shares outstanding (in shares) 26,059,490 18,977,072 22,180,808 17,805,127
Weighted average diluted shares outstanding (in shares) 27,639,862 19,191,035 23,385,014 18,009,158