XML 162 R147.htm IDEA: XBRL DOCUMENT v3.20.4
Selected Quarterly Financial Results (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 1 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Total revenues $ 66,365 $ 21,856 $ 24,119 $ 17,770 $ 16,090 $ 11,267 $ 11,169 $ 11,140 $ 130,110 $ 49,666 $ 49,386
Compensation and benefits 23,479 10,965 11,324 14,134 6,159 7,017 6,432 6,364 59,902 25,972 25,385
Business development, occupancy, equipment 671 641 640 756 926 770 895 811      
Subscriptions, clearing, and execution 2,517 2,242 2,548 2,580 2,950 2,403 2,056 2,273      
Professional fee and other operating 1,838 1,851 1,597 1,782 1,942 1,440 1,190 1,679 7,068 6,251 8,459
Depreciation and amortization 85 85 84 80 79 80 78 81 334 318 261
Impairment of goodwill 7,883 7,883
Total operating expenses 28,590 15,784 16,193 27,215 12,056 11,710 10,651 11,208 87,782 45,625 45,727
Operating income / (loss) 37,775 6,072 7,926 (9,445) 4,034 (443) 518 (68) 42,328 4,041 3,659
Interest expense, net (1,951) (1,952) (3,081) (2,605) (2,255) (1,536) (1,939) (1,854) (9,589) (7,584) (8,487)
(Income) / loss from equity method affiliates 244 1,371 1,233 107 188 109 248 8 2,955 553
Income/(loss) before income taxes 35,580 2,749 3,612 (12,157) 1,591 (2,088) (1,669) (1,930) 29,784 (4,096) (4,828)
Income tax (benefit) (8,046) (594) 343 (372) 394 (170) (641) (106) (8,669) (523) (841)
Net income / (loss) 43,626 3,343 3,269 (11,785) 1,197 (1,918) (1,028) (1,824) 38,453 (3,573) (3,987)
Less: comprehensive income / (loss) attributable to the non-controlling interest 28,875 1,688 2,368 (8,683) 423 (702) (618) (622) 24,351 (1,518) (1,562)
Net Income (Loss) Attributable to Parent $ 14,751 $ 1,655 $ 901 $ (3,102) $ 774 $ (1,216) $ (410) $ (1,202) $ 14,205 $ (2,054) $ (2,463)
Basic income / (loss) per common share (in dollars per share) $ 13.78 $ 1.44 $ 0.78 $ (2.70) $ 0.69 $ (1.06) $ (0.36) $ (1.06) $ 12.56 $ (1.81) $ (2.14)
Weighted average shares outstanding-basic (in shares) 1,070,377 1,146,941 1,160,144 1,146,879 1,125,311 1,143,909 1,143,909 1,133,166 1,131,085 1,136,574 1,152,073
Diluted Income / (loss) per common share (in dollars per share) $ 7.64 $ 1.19 $ 0.69 $ (2.70) $ 0.56 $ (1.06) $ (0.36) $ (1.06) $ 7.66 [1] $ (1.81) [1] $ (2.14) [1]
Weighted average shares outstanding-diluted (in shares) 5,207,263 5,115,583 5,020,453 3,940,677 2,757,194 1,676,318 1,676,318 1,665,575 5,091,087 1,681,173 1,684,482
[1] Potentially diluted securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: Year Ended December 31, 2020 2019 2018 2017 Convertible Note 1,034,483 1,034,483 - 2013 Convertible Notes 414,882 352,292 274,917 Restricted Common Stock 15,101 26,380 - Restricted Operating LLC units 3,752 - - 1,468,218 1,413,155 274,917