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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 2,899 $ (378) $ 3,613 $ (328)
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Nonredeemable 4 0 25 0
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized 0 887 209 887
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 2,895 (378) 3,588 (328)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 2,899 (378) 3,613 (328)
REVENUES:        
Other Revenue, Net 122 (742) 230 (1,031)
Total revenues 21,945 15,603 44,672 32,819
EXPENSES:        
Employee compensation and benefits 13,688 9,133 27,890 19,467
Sales and marketing 764 509 1,504 991
Westwood mutual funds 746 445 1,478 1,041
Information technology 2,566 1,847 4,949 3,676
Professional services 1,355 832 2,884 2,352
General and administrative 3,235 2,348 6,281 4,388
Foreign Currency Transaction Gain (Loss), before Tax (4,078) 0 (5,138) 0
Total expenses 18,276 16,001 40,057 32,802
Operating Income (Loss) 3,669 (398) 4,615 17
Net change in unrealized appreciation (depreciation) on private investments 24 (299) 24 (262)
Gain on sale of operations     383 (11)
Other Income 239 234 611 392
Income (loss) before income taxes 4,143 (458) 5,633 136
Income tax provision 1,244 (80) 2,020 464
Other comprehensive income (loss):        
Total comprehensive income (loss) $ 2,895 $ (378) $ 3,588 $ (328)
Earnings (loss) per share:        
Basic (dollars per share) $ 0.36 $ (0.05) $ 0.45 $ (0.04)
Diluted (dollars per share) $ 0.36 $ (0.05) $ 0.45 $ (0.04)
Weighted average shares outstanding:        
Basic (shares) 7,991,228 7,944,212 7,922,954 7,904,911
Diluted (shares) 8,131,333 7,944,212 8,050,298 7,904,911
Investment Income, Investment Expense     $ 211 $ 5
Asset Management [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 16,799 $ 10,980 33,832 22,770
Investment Performance [Member]        
Revenue from Contract with Customer, Including Assessed Tax 0 0 555 0
Fiduciary and Trust [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 5,024 $ 5,365 $ 10,055 $ 11,080