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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES:    
Total revenues $ 337,054 $ 259,924
OPERATING EXPENSES:    
Compensation and related expenses 117,844 101,448
Management fees 83,693 57,006
Selling, general and administrative 62,595 52,257
Management contract buyout   1,428
Intangible amortization 35,723 28,741
Non-cash changes in fair value of estimated contingent consideration (31,373) 7,414
Depreciation and other amortization 2,982 2,313
Total operating expenses 271,464 250,607
INCOME FROM OPERATIONS 65,590 9,317
OTHER INCOME (EXPENSE):    
Interest income 285 197
Interest expense (13,586) (12,859)
Amortization of debt financing costs (782) (782)
Loss on extinguishment of borrowings (6,094)  
Other (expense) income-net 612 (236)
Income from equity method investments 64 314
Total other expense-net (19,501) (13,366)
INCOME (LOSS) BEFORE INCOME TAX 46,089 (4,049)
INCOME TAX EXPENSE (BENEFIT) 12,070 (1,221)
NET INCOME ( LOSS) 34,019 (2,828)
Non-controlling interest (13,623) (114)
NET INCOME (LOSS ) ATTRIBUTABLE TO COMMON SHAREHOLDERS 20,396 (2,942)
Wealth management fees    
REVENUES:    
Total revenues 318,603 243,084
Other    
REVENUES:    
Total revenues $ 18,451 $ 16,840
Class A common stock    
Income (loss) per share of Class A common stock:    
Basic income (loss) per share $ 0.43 $ (0.06)
Diluted income (loss) per share $ 0.43 $ (0.06)
Weighted average shares of Class A common stock outstanding:    
Weighted average shares of Class A common stock outstanding 47,436,555 46,211,599
Weighted average shares of Class A common stock outstanding 47,441,172 46,211,599