XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (2,213) $ 2,899 $ (47) $ 3,613
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Nonredeemable 30 4 (100) 25
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized 0 0 0 209
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (2,243) 2,895 53 3,588
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (2,213) 2,899 (47) 3,613
REVENUES:        
Other Revenue, Net 322 122 1,124 230
Total revenues 22,688 21,945 45,420 44,672
EXPENSES:        
Employee compensation and benefits 13,638 13,688 28,349 27,890
Sales and marketing 755 764 1,383 1,504
Westwood mutual funds 855 746 1,576 1,478
Information technology 2,350 2,566 4,640 4,949
Professional services 1,450 1,355 2,939 2,884
General and administrative 3,011 3,235 5,912 6,281
Foreign Currency Transaction Gain (Loss), before Tax 4,807 (4,078) 1,858 (5,138)
Total expenses 26,866 18,276 46,657 40,057
Operating Income (Loss) (4,178) 3,669 (1,237) 4,615
Net change in unrealized appreciation (depreciation) on private investments 0 24 0 24
Gain on sale of operations     1,003 383
Other Income 224 239 409 611
Income before income taxes (3,406) 4,143 175 5,633
Income tax provision (1,193) 1,244 222 2,020
Other comprehensive income (loss):        
Total comprehensive income (loss) $ (2,243) $ 2,895 $ 53 $ 3,588
Earnings per share:        
Basic (dollars per share) $ (0.27) $ 0.36 $ 0.01 $ 0.45
Diluted (dollars per share) $ (0.27) $ 0.36 $ 0.01 $ 0.45
Weighted average shares outstanding:        
Basic (shares) 8,218,596 7,991,228 8,158,812 7,922,954
Diluted (shares) 8,218,596 8,131,333 8,438,431 8,050,298
Investment Income, Investment Expense     $ 548 $ 211
Asset Management [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 17,139 $ 16,799 33,956 33,832
Investment Performance [Member]        
Revenue from Contract with Customer, Including Assessed Tax 0 0 0 555
Fiduciary and Trust [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 5,227 $ 5,024 $ 10,340 $ 10,055