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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Intersegment Balances

(in thousands)						Advisory						Trust						Westwood Holdings						Eliminations						Consolidated
Year Ended December 31, 2023
Revenues:
Net fee revenues from external sources						$	68,656					$	20,591					$	—					$	—					$	89,247
Net intersegment revenues						6,270						279						—						(6,549)						—
Other revenue						534						—						—						—						534
Total revenues						75,460						20,870						—						(6,549)						89,781
Net income (loss)						$	14,636					$	1,776					$	(5,841)					$	—					$	10,571
Segment assets						$	285,179					$	46,754					$	14,256					$	(191,022)					$	155,167
Segment goodwill						$	23,100					$	16,401					$	—					$	—					$	39,501
Segment equity method investments						$	4,284					$	—					$	—					$	—					$	4,284
Expenditures for long-lived assets						$	135					$	94					$	(82)					$	—					$	147
Year Ended December 31, 2022
Revenues:
Net fee revenues from external sources						$	47,703					$	21,686					$	—					$	—					$	69,389
Net intersegment revenues						2,080						336						—						(2,416)						—
Other revenue						(708)						—						—						—						(708)
Total revenues						49,075						22,022						—						(2,416)						68,681
Net income (loss)						$	11,062					$	1,005					$	(16,695)					$	—					$	(4,628)
Segment assets						$	283,027					$	53,644					$	30,308					$	(220,552)					$	146,427
Segment goodwill						$	19,331					$	16,401					$	—					$	—					$	35,732
Segment equity method investments						$	6,574					$	—					$	—					$	—					$	6,574
Expenditures for long-lived assets						$	137					$	84					$	99					$	—					$	320
Year Ended December 31, 2021
Revenues:
Net fee revenues from external sources						$	49,262					$	24,131					$	—					$	—					$	73,393
Net intersegment revenues						2,415						356						—						(2,771)						—
Other revenue						(339)						—						—						—						(339)
Total revenues						51,338						24,487						—						(2,771)						73,054
Net income (loss)						$	16,780					$	5,656					$	(12,673)					$	—					$	9,763
Segment assets						$	222,335					$	56,965					$	12,784					$	(152,479)					$	139,605
Segment goodwill						$	—					$	16,401					$	—					$	—					$	16,401
Expenditures for long-lived assets						$	66					$	61					$	51					$	—					$	178

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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