XML 41 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Commissions and fees $ 54,159 $ 29,837
Operating expenses:    
Commissions, employee compensation and benefits 34,548 16,286
Other operating expenses 8,885 4,002
Amortization expense 3,596 876
Change in fair value of contingent consideration 1,661 (2,786)
Depreciation expense 165 127
Total operating expenses 48,855 18,505
Operating income 5,304 11,332
Interest expense, net (585) (1,590)
Income before income taxes 4,719 9,742
Income tax provision 12 0
Net income 4,707 9,742
Less: net income attributable to noncontrolling interests 3,239 9,742
Net income attributable to BRP Group, Inc. 1,468 0
Comprehensive income 4,707 9,742
Comprehensive income attributable to noncontrolling interests 3,239 9,742
Comprehensive income attributable to BRP Group, Inc. $ 1,468 $ 0
Basic earnings per share $ 0.08  
Diluted earnings per share $ 0.07  
Weighted-average shares of Class A common stock outstanding - basic 19,481,721  
Weighted-average shares of Class A common stock outstanding - diluted 19,816,363