| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
REVENUES: | ||||||
Total revenues | ||||||
1,218,341 | 910,880 | 662,887 | 485,444 | |||
OPERATING EXPENSES: | ||||||
Compensation and related expenses | ||||||
431,465 | 358,084 | 265,555 | 178,193 | |||
Management fees | ||||||
304,701 | 232,703 | 163,617 | 114,846 | |||
Selling, general and administrative | ||||||
232,911 | 170,270 | 134,615 | 98,643 | |||
Management contract buyout | ||||||
1,428 | - | - | - | |||
Intangible amortization | ||||||
130,718 | 90,381 | 64,367 | 50,942 | |||
Non-cash changes in fair value of estimated contingent consideration | ||||||
-38,797 | -6,638 | -22,294 | 1,143 | |||
Depreciation and other amortization | ||||||
10,675 | 8,370 | 6,686 | 5,680 | |||
Total operating expenses | ||||||
1,150,695 | 866,446 | 657,134 | 447,161 | |||
INCOME FROM OPERATIONS | ||||||
67,646 | 44,434 | 5,753 | 38,283 | |||
OTHER INCOME (EXPENSE): | ||||||
Interest income | ||||||
1,164 | 1,266 | 222 | 88 | |||
Interest expense | ||||||
58,291 | 56,448 | 41,861 | 21,327 | |||
Amortization of debt financing costs | ||||||
3,452 | 3,498 | 4,084 | 2,482 | |||
Gain on sale of investment | ||||||
- | 5,509 | - | - | |||
Loss on extinguishment of borrowings | ||||||
- | -21,071 | -8,106 | - | |||
Other (expense) income-net | ||||||
-1,049 | -2,350 | -3,191 | 1,385 | |||
Income from equity method investments | ||||||
755 | 521 | 1,407 | 756 | |||
Impairment of equity method investment | ||||||
11,749 | - | - | - | |||
Total other expense-net | ||||||
-72,622 | -76,071 | -55,613 | -21,580 | |||
INCOME (LOSS) BEFORE INCOME TAX | ||||||
-4,976 | -31,637 | -49,860 | 16,703 | |||
INCOME TAX EXPENSE (BENEFIT) | ||||||
7,049 | 9,450 | -1,501 | 981 | |||
NET INCOME ( LOSS) | ||||||
-12,025 | -41,087 | -48,359 | 15,722 | |||
Non-controlling interest | ||||||
847 | -40,497 | - | - | |||
NET INCOME (LOSS ) ATTRIBUTABLE TO COMMON SHAREHOLDERS | ||||||
-12,872 | -590 | - | - | |||
Income (loss) per share of Class A common stock: | ||||||
Weighted average shares of Class A common stock outstanding: | ||||||
Weighted average shares of Class A common stock outstanding | ||||||
46,792 | - | - | - | |||
Wealth management fees | ||||||
Total revenues | ||||||
1,149,655 | 853,033 | 617,124 | 438,794 | |||
Other | ||||||
Total revenues | ||||||
68,686 | 57,847 | 45,763 | 46,650 | |||
Class A common stock | ||||||
Basic income (loss) per share | ||||||
-0.28 | -0.01 | - | - | |||
Diluted income (loss) per share | ||||||
-0.28 | -0.01 | - | - | |||
Weighted average shares of Class A common stock outstanding | ||||||
46,792 | 43,122 | - | - | |||
Weighted average shares of Class A common stock outstanding | ||||||
46,792 | 43,122 | - | - | |||