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Condensed consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES:    
Total revenues $ 259,924 $ 196,229
OPERATING EXPENSES:    
Compensation and related expenses 101,448 73,349
Management fees 57,006 46,300
Selling, general and administrative 52,257 36,287
Management contract buyout 1,428  
Intangible amortization 28,741 19,494
Non-cash changes in fair value of estimated contingent consideration 7,414 6,371
Depreciation and other amortization 2,313 1,882
Total operating expenses 250,607 183,683
INCOME FROM OPERATIONS 9,317 12,546
OTHER INCOME (EXPENSE):    
Interest income 197 142
Interest expense (12,859) (14,272)
Amortization of debt financing costs (782) (959)
Gain on sale of investment   5,509
Loss on extinguishment of borrowings   (14,011)
Other income (expense) net (236) 93
Income from equity method investments 314 74
Total other expense-net (13,366) (23,424)
LOSS BEFORE INCOME TAX (4,049) (10,878)
INCOME TAX EXPENSE (BENEFIT) (1,221) 1,176
NET LOSS (2,828) (12,054)
Non-controlling interest (114)  
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,942)  
Loss per share of Class A common stock:    
Basic $ (0.06)  
Diluted $ (0.06)  
Wealth management fees    
REVENUES:    
Total revenues $ 243,084 184,323
Other    
REVENUES:    
Total revenues $ 16,840 $ 11,906
Class A common stock    
Loss per share of Class A common stock:    
Basic $ (0.06)  
Diluted $ (0.06)  
Weighted average shares of Class A common stock outstanding:    
Basic 46,211,599  
Diluted 46,211,599