2016 Q2 Form 10-Q Financial Statement
#000116500216000061 Filed on July 27, 2016
Income Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
Revenue | $31.02M | $37.31M |
YoY Change | -16.85% | 20.73% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $3.213M | $2.693M |
YoY Change | 19.31% | 53.1% |
% of Gross Profit | ||
Research & Development | $2.201M | $1.422M |
YoY Change | 54.78% | 40.24% |
% of Gross Profit | ||
Depreciation & Amortization | $720.0K | $640.0K |
YoY Change | 12.5% | 166.67% |
% of Gross Profit | ||
Operating Expenses | $5.414M | $4.115M |
YoY Change | 31.57% | 48.4% |
Operating Profit | ||
YoY Change | ||
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $8.512M | $14.75M |
YoY Change | -42.3% | 10.45% |
Income Tax | $2.851M | $4.957M |
% Of Pretax Income | 33.49% | 33.6% |
Net Earnings | $5.661M | $9.795M |
YoY Change | -42.21% | 14.01% |
Net Earnings / Revenue | 18.25% | 26.25% |
Basic Earnings Per Share | $0.71 | $1.25 |
Diluted Earnings Per Share | $0.69 | $1.23 |
COMMON SHARES | ||
Basic Shares Outstanding | 8.000M shares | 7.806M shares |
Diluted Shares Outstanding | 8.173M shares | 7.961M shares |
Balance Sheet
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $73.90M | $69.00M |
YoY Change | 7.1% | -6.5% |
Cash & Equivalents | $29.12M | $22.77M |
Short-Term Investments | $44.80M | $46.20M |
Other Short-Term Assets | $2.159M | $2.164M |
YoY Change | -0.23% | -56.72% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $21.38M | $21.89M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $97.46M | $97.65M |
YoY Change | -0.2% | 2.25% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.908M | $3.217M |
YoY Change | 21.48% | 19.15% |
Goodwill | $27.14M | $22.91M |
YoY Change | 18.48% | 103.55% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $11.10M | $3.400M |
YoY Change | 226.47% | 61.9% |
Total Long-Term Assets | $72.24M | $58.46M |
YoY Change | 23.57% | 196.85% |
TOTAL ASSETS | ||
Total Short-Term Assets | $97.46M | $97.65M |
Total Long-Term Assets | $72.24M | $58.46M |
Total Assets | $169.7M | $156.1M |
YoY Change | 8.7% | 35.52% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $3.500M | $3.300M |
YoY Change | 6.06% | 73.68% |
Accrued Expenses | $8.800M | $11.10M |
YoY Change | -20.72% | 24.72% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $21.33M | $29.44M |
YoY Change | -27.53% | 96.23% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $3.100M | $2.300M |
YoY Change | 34.78% | 4.55% |
Total Long-Term Liabilities | $3.100M | $2.300M |
YoY Change | 34.78% | 4.55% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $21.33M | $29.44M |
Total Long-Term Liabilities | $3.100M | $2.300M |
Total Liabilities | $24.41M | $31.76M |
YoY Change | -23.13% | 84.64% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $28.86M | $27.23M |
YoY Change | 6.01% | |
Common Stock | $155.6M | $135.4M |
YoY Change | 14.9% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $43.64M | $35.93M |
YoY Change | 21.46% | |
Treasury Stock Shares | 976.1K shares | 813.8K shares |
Shareholders Equity | $137.6M | $124.4M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $162.0M | $156.1M |
YoY Change | 3.79% | 35.51% |
Cashflow Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $5.661M | $9.795M |
YoY Change | -42.21% | 14.01% |
Depreciation, Depletion And Amortization | $720.0K | $640.0K |
YoY Change | 12.5% | 166.67% |
Cash From Operating Activities | $13.38M | $31.07M |
YoY Change | -56.94% | 1358.69% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$610.0K | -$270.0K |
YoY Change | 125.93% | 50.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | -$24.13M |
YoY Change | -100.0% | |
Cash From Investing Activities | -$610.0K | -$24.41M |
YoY Change | -97.5% | 13461.11% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -10.13M | -3.920M |
YoY Change | 158.42% | 18.07% |
NET CHANGE | ||
Cash From Operating Activities | 13.38M | 31.07M |
Cash From Investing Activities | -610.0K | -24.41M |
Cash From Financing Activities | -10.13M | -3.920M |
Net Change In Cash | 2.640M | 2.740M |
YoY Change | -3.65% | -300.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $13.38M | $31.07M |
Capital Expenditures | -$610.0K | -$270.0K |
Free Cash Flow | $13.99M | $31.34M |
YoY Change | -55.36% | 1256.71% |
Facts In Submission
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---|---|---|---|---|
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|
false | ||
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Current Fiscal Year End Date
CurrentFiscalYearEndDate
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--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-06-30 | ||
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10-Q | ||
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2001-12-12 | ||
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23130000 | USD | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
8512000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
14158000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4957000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7725000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2851000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4975000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6675000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
8783000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
810000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-375000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6773000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1188000 | USD | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
1673000 | USD | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-3889000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-6522000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-11384000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-288000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-981000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-18000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
166000 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-33506000 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-27945000 | USD | |
CY2015Q2 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
27458000 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
51387000 | USD | |
CY2016Q2 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
22666000 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
44481000 | USD | |
CY2015Q2 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
59000 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
109000 | USD | |
CY2016Q2 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
100000 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
236000 | USD | |
CY2015Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
16512000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
31821000 | USD | |
CY2016Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
15108000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
31602000 | USD | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
47369000 | USD |
CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
24412000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
181336000 | USD |
CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
162028000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
44853000 | USD |
CY2016Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
21332000 | USD |
CY2015Q4 | us-gaap |
Loss Contingency Receivable Current
LossContingencyReceivableCurrent
|
240000 | USD |
CY2016Q2 | us-gaap |
Loss Contingency Receivable Current
LossContingencyReceivableCurrent
|
212000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-14250000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-24410000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-24697000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-994000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
44852000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
30610000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9795000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
15405000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5661000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
9183000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2015Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2926000 | USD |
CY2016Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2159000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
233000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1155000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
157000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1460000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1460000 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
0 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
276000 | USD | |
us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
5562000 | USD | |
CY2015Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
-45000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
146000 | USD | |
CY2016Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
205000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
-82000 | USD | |
us-gaap |
Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
|
-1128000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4421000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
8743000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
10282000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5576000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3696000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
24133000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
564000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
994000 | USD | |
CY2015Q2 | us-gaap |
Performance Fees
PerformanceFees
|
1918000 | USD |
us-gaap |
Performance Fees
PerformanceFees
|
2206000 | USD | |
CY2016Q2 | us-gaap |
Performance Fees
PerformanceFees
|
409000 | USD |
us-gaap |
Performance Fees
PerformanceFees
|
409000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
|
928000 | USD | |
CY2015Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
1031000 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
3103000 | USD | |
CY2016Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
1158000 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
2804000 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2192000 | USD |
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3908000 | USD |
us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
3696000 | USD | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
29674000 | USD |
CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
28862000 | USD |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
37311000 | USD |
us-gaap |
Revenues
Revenues
|
66919000 | USD | |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
31023000 | USD |
us-gaap |
Revenues
Revenues
|
60152000 | USD | |
CY2015Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
496000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
891000 | USD | |
CY2016Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
687000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1015000 | USD | |
CY2015Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4017000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7695000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8083000 | USD | |
CY2015Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
72320000 | USD |
CY2016Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
44800000 | USD |
CY2016Q2 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
1900000 | USD |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3734000 | USD | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD | |
CY2016Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
10000000 | USD |
CY2016Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
5600000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
133967000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
137616000 | USD |
CY2015Q4 | us-gaap |
Trading Securities
TradingSecurities
|
72320000 | USD |
CY2016Q2 | us-gaap |
Trading Securities
TradingSecurities
|
44800000 | USD |
CY2015Q4 | us-gaap |
Trading Securities Cost
TradingSecuritiesCost
|
72804000 | USD |
CY2016Q2 | us-gaap |
Trading Securities Cost
TradingSecuritiesCost
|
44859000 | USD |
CY2015 | us-gaap |
Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
|
15000 | USD |
us-gaap |
Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
|
243000 | USD | |
us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
81000 | USD | |
us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
425000 | USD | |
CY2015 | us-gaap |
Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
|
499000 | USD |
us-gaap |
Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
|
302000 | USD | |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
47.41 | ||
CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
794622 | shares |
CY2016Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
976127 | shares |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
93253 | shares | |
CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
34910000 | USD |
CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
43641000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
4421000 | USD | |
CY2015Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1629000 | USD |
CY2016Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
2124000 | USD |
us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
179000 | USD | |
us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
316000 | USD | |
CY2015Q2 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
15100000 | USD |
us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
29300000 | USD | |
CY2016Q2 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
13000000 | USD |
us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
26100000 | USD | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7961406 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7976790 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8172923 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8132941 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7806031 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7701707 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8000214 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7931331 | shares | |
whg |
Dividends Accrued
DividendsAccrued
|
6071000 | USD | |
whg |
Dividends Accrued
DividendsAccrued
|
7160000 | USD | |
CY2015Q4 | whg |
Dividends Payable Non Current
DividendsPayableNonCurrent
|
1699000 | USD |
CY2016Q2 | whg |
Dividends Payable Non Current
DividendsPayableNonCurrent
|
1236000 | USD |
CY2014Q1 | whg |
Economic Earnings Losses
EconomicEarningsLosses
|
14352000 | USD |
CY2015Q2 | whg |
Economic Earnings Losses
EconomicEarningsLosses
|
14352000 | USD |
whg |
Economic Earnings Losses
EconomicEarningsLosses
|
23768000 | USD | |
CY2016Q2 | whg |
Economic Earnings Losses
EconomicEarningsLosses
|
10387000 | USD |
whg |
Economic Earnings Losses
EconomicEarningsLosses
|
18480000 | USD | |
CY2016Q2 | whg |
Final Contingent Consideration
FinalContingentConsideration
|
10100000 | USD |
CY2015Q2 | whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
155375 | shares |
whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
275083 | shares | |
CY2016Q2 | whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
172709 | shares |
whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
201610 | shares | |
CY2015Q2 | whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
14000 | USD |
whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
255000 | USD | |
CY2016Q2 | whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
305000 | USD |
whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
154000 | USD | |
CY2015Q2 | whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
901000 | USD |
whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
1728000 | USD | |
CY2016Q2 | whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
831000 | USD |
whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
1527000 | USD | |
CY2015Q4 | whg |
Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
|
2000000 | USD |
CY2016Q2 | whg |
Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
|
1100000 | USD |
whg |
Number Of Clients Provided With Investment Advisory Services
NumberOfClientsProvidedWithInvestmentAdvisoryServices
|
1 | ||
whg |
Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
|
1327000 | USD | |
whg |
Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
|
614000 | USD | |
whg |
Percentage Of Defense Costs Covered By Insurance
PercentageOfDefenseCostsCoveredByInsurance
|
0.50 | ||
whg |
Settlementof Contingent Consideration In Cash And Stock
SettlementofContingentConsiderationInCashAndStock
|
-9296000 | USD | |
CY2016Q2 | whg |
Significant Changein Income Tax Provisionis Reasonably Possible Amountof Unrecorded Benefit
SignificantChangeinIncomeTaxProvisionisReasonablyPossibleAmountofUnrecordedBenefit
|
1300000 | USD |
whg |
Treasury Shares Acquiredfor Benefit Plan
TreasurySharesAcquiredforBenefitPlan
|
10474 | shares | |
whg |
Treasury Shares Value Acquiredfor Benefit Plan
TreasurySharesValueAcquiredforBenefitPlan
|
614000 | USD | |
CY2015Q2 | whg |
Trust Fees
TrustFees
|
7921000 | USD |
whg |
Trust Fees
TrustFees
|
13071000 | USD | |
CY2016Q2 | whg |
Trust Fees
TrustFees
|
7643000 | USD |
whg |
Trust Fees
TrustFees
|
15108000 | USD | |
whg |
Unrecognized Tax Benefits Increases Resulting From Current And Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentAndPriorPeriodTaxPositions
|
322000 | USD | |
CY2015Q2 | whg |
Variable Interest Entity Financialor Other Support Numberof Entities
VariableInterestEntityFinancialorOtherSupportNumberofEntities
|
2 | mutual_fund |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF THE BUSINESS </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westwood Holdings Group, Inc. (“Westwood”, the “Company”, “we”, “us” or “our”) was incorporated under the laws of the State of Delaware on </font><font style="font-family:inherit;font-size:10pt;">December 12, 2001</font><font style="font-family:inherit;font-size:10pt;">. Westwood provides investment management services to institutional investors, private wealth clients and financial intermediaries through its subsidiaries, Westwood Management Corp. and Westwood Advisors, LLC (together “Westwood Management”), Westwood Trust (“Westwood Trust”), and Westwood International Advisors Inc. (“Westwood International”). Revenue is largely dependent on the total value and composition of assets under management (“AUM”). Accordingly, fluctuations in financial markets and in the composition of AUM impact revenues and results of operations. </font></div></div> |