| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Revenues | ||||||
Total revenues | ||||||
31,265 | 22,779 | 26,915 | - | - | - | |
Investment advisory and incentive fees | ||||||
- | - | - | 18,320 | 12,635 | - | |
Institutional research services | ||||||
- | - | - | 12,634 | 9,927 | - | |
Investment advisory and incentive fees | ||||||
- | - | - | - | - | 9,779 | |
Institutional research services | ||||||
- | - | - | - | - | 9,160 | |
Other revenues | ||||||
- | - | - | 273 | 280 | 2,090 | |
Total revenues | ||||||
- | - | - | 31,227 | 22,842 | - | |
Total revenues | ||||||
- | - | - | - | - | 21,029 | |
Expenses | ||||||
Compensation | ||||||
32,184 | 26,607 | 36,523 | 30,968 | 26,343 | 22,298 | |
Stock-based compensation | ||||||
- | - | - | 2,464 | 4,931 | 1,921 | |
Management fee expense is incentive-based and entirely variable compensation in the amount of 10% of the aggregate pre-tax profits which is paid to Mr. Gabelli or his designee for acting as CEO pursuant to his amended Employment Agreement so long as he is an executive of GBL and devoting the substantial majority of his working time to the business. | ||||||
5,713 | 0 | 713 | 1,593 | -309 | -37 | |
Other operating expenses | ||||||
9,126 | 9,652 | 10,065 | 8,434 | 6,189 | 6,771 | |
Total expenses | ||||||
47,023 | 36,259 | 47,301 | 43,459 | 37,154 | 30,953 | |
Operating loss | ||||||
-15,758 | -13,480 | -20,386 | -12,232 | -14,312 | -9,924 | |
Other income (expense) | ||||||
Net gain/(loss) from investments | ||||||
60,757 | -65,203 | 20,598 | 19,909 | 8,276 | 6,502 | |
Interest and dividend income | ||||||
13,407 | 13,384 | 10,501 | 12,669 | 4,720 | - | |
Interest and dividend income | ||||||
- | - | - | - | - | 4,416 | |
Interest expense | ||||||
217 | 262 | 227 | 590 | 1,260 | 1,376 | |
The amount of shareholder-designated contribution made during the period. | ||||||
3,281 | 3,300 | 4,222 | 5,411 | 0 | - | |
Total other income (expense), net | ||||||
70,666 | -55,381 | 26,650 | 26,577 | 11,736 | 9,542 | |
Income/(loss) before income taxes | ||||||
54,908 | -68,861 | 6,264 | 14,345 | -2,576 | -382 | |
Income tax expense/(benefit) | ||||||
12,126 | -11,478 | -2,420 | 3,876 | -1,685 | 775 | |
Net income/(loss) | ||||||
42,782 | -57,383 | 8,684 | 10,469 | -891 | -1,157 | |
Net income/(loss) attributable to noncontrolling interests | ||||||
3,594 | 716 | -153 | 251 | -780 | -4,157 | |
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders | ||||||
39,188 | -58,099 | 8,837 | 10,218 | -111 | 3,000 | |
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders per share: | ||||||
Basic (in dollars per share) | ||||||
1.74 | -2.52 | 0.37 | 0.41 | 0.00 | 0.12 | |
Diluted (in dollars per share) | ||||||
1.74 | -2.52 | 0.37 | 0.41 | 0.00 | 0.12 | |
Weighted average shares outstanding: | ||||||
Basic (in shares) | ||||||
22,534 | 23,070 | 23,792 | 24,870 | 24,887 | 25,335 | |
Diluted (in shares) | ||||||
22,534 | 23,070 | 23,925 | 25,175 | 25,170 | 25,558 | |
Actual shares outstanding (in shares) | ||||||
22,475 | 22,585 | 23,639 | 24,255 | 25,440 | 25,855 | |
Investment Advisory and Incentive Fees [Member] | ||||||
Total revenues | ||||||
22,148 | 14,409 | 14,551 | - | - | - | |
Revenue generated through hard dollar payments or through commissions on securities transactions executed on an agency basis on behalf of clients. | ||||||
Total revenues | ||||||
8,947 | 8,284 | 12,199 | - | - | - | |
Other revenues include (a) underwriting fees include gains, losses, and fees, net of syndicate expenses, arising from public equity and debt offerings, and b) other miscellaneous revenues. | ||||||
Total revenues | ||||||
170 | 86 | 165 | - | - | - | |