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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Revenues $ 61,635 $ 68,143 $ 182,739 $ 200,262
Operating expenses        
Direct costs and expenses for advisors 36,762 37,725 111,539 116,636
Selling, general and administrative 20,318 23,092 60,792 70,327
Depreciation and amortization 1,581 1,672 4,641 5,031
Operating income 2,974 5,654 5,767 8,268
Interest income 61 41 188 133
Interest expense (687) (1,598) (2,890) (4,763)
Foreign currency transaction (loss) gain (66) 7 14 (28)
Income before taxes 2,282 4,104 3,079 3,610
Income tax provision 227 2,373 1,772 2,363
Net income $ 2,055 $ 1,731 $ 1,307 $ 1,247
Weighted average shares outstanding:        
Basic (in shares) 47,880 47,426 47,599 46,704
Diluted (in shares) 49,908 48,404 49,546 47,204
Earnings per share:        
Basic (in dollars per share) $ 0.04 $ 0.04 $ 0.03 $ 0.03
Diluted (in dollars per share) $ 0.04 $ 0.04 $ 0.03 $ 0.03
Comprehensive income:        
Net income $ 2,055 $ 1,731 $ 1,307 $ 1,247
Foreign currency translation, net of tax (expense) benefit of ($398), $294, ($207) and $309, respectively. 1,261 (927) 740 (982)
Comprehensive income $ 3,316 $ 804 $ 2,047 $ 265