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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME        
Revenues $ 61,277 $ 71,773 $ 189,808 $ 224,868
Operating expenses        
Direct costs and expenses for advisors 36,530 43,032 116,484 138,048
Selling, general and administrative 18,855 20,992 63,026 63,992
Depreciation and amortization 1,598 1,526 4,724 4,692
Operating income 4,294 6,223 5,574 18,136
Interest income 222 104 701 285
Interest expense (1,604) (1,533) (4,672) (4,676)
Foreign currency transaction loss (30) (2) (24) (40)
Income before taxes 2,882 4,792 1,579 13,705
Income tax provision 1,734 1,591 1,782 4,680
Net income (loss) $ 1,148 $ 3,201 $ (203) $ 9,025
Weighted average shares outstanding:        
Basic 48,940 48,711 48,743 48,542
Diluted 50,158 50,257 48,743 50,287
Earnings (loss) per share:        
Basic $ 0.02 $ 0.07 $ 0.00 $ 0.19
Diluted $ 0.02 $ 0.06 $ 0.00 $ 0.18
Comprehensive income:        
Net income (loss) $ 1,148 $ 3,201 $ (203) $ 9,025
Foreign currency translation gain (loss), net of tax (expense) benefit of $(82), $128, $8 and $86, respectively 637 (427) 56 (271)
Comprehensive income (loss) $ 1,785 $ 2,774 $ (147) $ 8,754