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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 159 $ 4,375 $ 112 $ 7,988
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Nonredeemable 54 1,019 (46) 1,044
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized 0 0 0 209
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 105 3,356 158 6,944
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 159 4,375 112 7,988
REVENUES:        
Other Revenue, Net 498 (85) 1,622 145
Total revenues 23,719 21,880 69,139 66,552
EXPENSES:        
Employee compensation and benefits 13,572 12,661 41,921 40,551
Sales and marketing 644 676 2,027 2,180
Westwood mutual funds 798 872 2,374 2,350
Information technology 2,572 2,334 7,212 7,283
Professional services 1,812 1,009 4,751 3,893
General and administrative 2,991 3,298 8,903 9,579
Foreign Currency Transaction Gain (Loss), before Tax 1,824 2,483 3,682 (2,655)
Total expenses 24,213 23,333 70,870 63,390
Operating Income (Loss) (494) (1,453) (1,731) 3,162
Net change in unrealized appreciation (depreciation) on private investments 0 0 0 24
Gain on sale of operations     1,590 630
Other Income 374 5,265 783 5,876
Income before income taxes 467 4,059 642 9,692
Income tax provision 308 (316) 530 1,704
Other comprehensive income (loss):        
Total comprehensive income $ 105 $ 3,356 $ 158 $ 6,944
Earnings per share:        
Basic (dollars per share) $ 0.01 $ 0.42 $ 0.02 $ 0.87
Diluted (dollars per share) $ 0.01 $ 0.41 $ 0.02 $ 0.86
Weighted average shares outstanding:        
Basic (shares) 8,123,714 8,002,537 8,140,664 7,949,773
Diluted (shares) 8,488,372 8,116,747 8,448,629 8,072,739
Investment Income, Investment Expense     $ 587 $ 247
Asset Management [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 17,774 $ 16,902 51,730 50,734
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 $ 5,447 $ 5,063 $ 15,787 $ 15,118