XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Revenue        
Investment advisory fees $ 10,991 $ 9,926 $ 22,814 $ 19,399
Shareholder service fees 1,201 632 2,531 893
Total revenue 12,192 10,558 25,345 20,292
Operating expenses        
Compensation and benefits 2,891 2,310 5,856 4,379
General and administrative 1,405 1,266 2,944 2,648
Mutual fund distribution 301 758 451 1,620
Sub-advisor fees 2,054 1,739 4,204 3,333
Amortization and depreciation 89 65 177 130
Total operating expenses 6,740 6,138 13,632 12,110
Operating income 5,452 4,420 11,713 8,182
Interest expense 309 250 670 514
Other expense (income), net (1) (1) (1) (1)
Income before income tax expense 5,144 4,171 11,044 7,669
Income tax expense 1,861 1,577 4,111 3,009
Net income $ 3,283 $ 2,594 $ 6,933 $ 4,660
Earnings per share:        
Basic $ 0.65 $ 0.45 $ 1.37 $ 0.80
Diluted $ 0.64 $ 0.44 $ 1.35 $ 0.78
Weighted average shares outstanding:        
Basic 5,065,610 5,776,165 5,064,471 5,861,679
Diluted 5,129,074 5,862,559 5,125,161 5,956,241