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Unaudited condensed consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Total revenues $ 519,864 $ 454,535 $ 1,595,642 $ 1,274,065
OPERATING EXPENSES:        
Compensation and related expenses 186,320 144,249 546,251 424,337
Management fees 122,971 127,166 397,612 345,443
Selling, general and administrative 89,915 75,637 273,336 208,481
Intangible amortization 67,331 46,055 192,256 133,041
Non-cash changes in fair value of estimated contingent consideration (30,708) 36,243 (82,450) 96,241
Depreciation and other amortization 4,016 3,622 11,454 10,835
Total operating expenses 439,845 432,972 1,338,459 1,218,378
INCOME FROM OPERATIONS 80,019 21,563 257,183 55,687
OTHER INCOME (EXPENSE):        
Interest income 126 206 146 310
Interest expense (26,491) (16,543) (63,999) (37,893)
Amortization of debt financing costs (949) (1,102) (2,999) (2,856)
Other income (expense)-net (2,347) 312 (3,834) (219)
Income from equity method investments 51 91 157 514
Total other expense-net (29,610) (17,036) (70,529) (40,144)
INCOME BEFORE INCOME TAX 50,409 4,527 186,654 15,543
INCOME TAX EXPENSE 12,120 2,678 59,965 6,038
NET INCOME 38,289 1,849 126,689 9,505
Non-controlling interest (9,040) (1,200) (35,255) (6,623)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 29,249 649 91,434 2,882
Wealth management fees        
REVENUES:        
Total revenues 499,017 433,967 1,531,617 1,213,782
Other        
REVENUES:        
Total revenues $ 20,847 $ 20,568 $ 64,025 $ 60,283
Class A common stock        
Income per share of Class A common stock:        
Basic (in dollars per share) $ 0.45 $ 0.01 $ 1.40 $ 0.05
Diluted (in dollars per share) $ 0.44 $ 0.01 $ 1.39 $ 0.05
Weighted average shares of Class A common stock outstanding:        
Basic (in shares) 65,599,493 59,940,166 65,441,151 55,978,639
Diluted (in shares) 65,821,228 60,438,510 65,729,339 56,447,070