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Condensed consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Total revenues $ 301,545 $ 231,435 $ 561,469 $ 427,664
OPERATING EXPENSES:        
Compensation and related expenses 105,531 81,273 206,979 154,622
Management fees 79,252 60,559 136,258 106,859
Selling, general and administrative 59,736 41,493 111,993 77,780
Management contract buyout     1,428  
Intangible amortization 31,221 22,290 59,962 41,784
Non-cash changes in fair value of estimated contingent consideration 3,847 11,944 11,261 18,315
Depreciation and other amortization 2,425 2,162 4,738 4,044
Total operating expenses 282,012 219,721 532,619 403,404
INCOME FROM OPERATIONS 19,533 11,714 28,850 24,260
OTHER INCOME (EXPENSE):        
Interest income 339 235 536 377
Interest expense (14,424) (18,212) (27,283) (32,484)
Amortization of debt financing costs 782 929 1,564 1,888
Gain on sale of investment       5,509
Loss on extinguishment of borrowings       (14,011)
Other income (expense)-net (468) 203 (704) 296
Income from equity method investments 329 79 643 153
Total other expense-net (15,006) (18,624) (28,372) (42,048)
INCOME (LOSS) BEFORE INCOME TAX 4,527 (6,910) 478 (17,788)
INCOME TAX EXPENSE 1,425 746 204 1,922
NET INCOME (LOSS) 3,102 (7,656) 274 (19,710)
Non-controlling interest (2,306)   (2,420)  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 796   $ (2,146)  
Income (loss) per share of Class A common stock:        
Basic $ 0.02   $ (0.05)  
Diluted $ 0.02   $ (0.05)  
Wealth management fees        
REVENUES:        
Total revenues $ 283,296 216,328 $ 526,380 400,651
Other        
REVENUES:        
Total revenues $ 18,249 $ 15,107 $ 35,089 $ 27,013
Class A common stock        
Income (loss) per share of Class A common stock:        
Basic $ 0.02   $ (0.05)  
Diluted $ 0.02   $ (0.05)  
Weighted average shares of Class A common stock outstanding:        
Basic 46,696,200   46,455,238  
Diluted 46,721,559   46,455,238