$WHG
WESTWOOD HOLDINGS GROUP INC

2017 Q1 Form 10-Q Financial Statement

#000116500217000049 Filed on April 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $32.62M $29.13M
YoY Change 11.99% -1.62%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.021M $2.683M
YoY Change 12.6% 35.16%
% of Gross Profit
Research & Development $1.756M $1.964M
YoY Change -10.59% 89.39%
% of Gross Profit
Depreciation & Amortization $240.0K $258.0K
YoY Change -6.98% 77.93%
% of Gross Profit
Operating Expenses $4.777M $4.647M
YoY Change 2.8% 53.77%
Operating Profit $7.770M
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.770M $5.646M
YoY Change 37.62% -32.61%
Income Tax $1.706M $2.124M
% Of Pretax Income 21.96% 37.62%
Net Earnings $6.064M $3.522M
YoY Change 72.17% -37.22%
Net Earnings / Revenue 18.59% 12.09%
Basic Earnings Per Share $0.75 $0.45
Diluted Earnings Per Share $0.73 $0.44
COMMON SHARES
Basic Shares Outstanding 8.066M shares 7.862M shares
Diluted Shares Outstanding 8.311M shares 8.047M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.40M $71.20M
YoY Change 5.9% -14.83%
Cash & Equivalents $30.63M $26.43M
Short-Term Investments $44.80M $44.80M
Other Short-Term Assets $2.386M $2.263M
YoY Change 5.44% -69.42%
Inventory
Prepaid Expenses
Receivables $25.21M $25.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $103.0M $99.24M
YoY Change 3.8% -6.29%
LONG-TERM ASSETS
Property, Plant & Equipment $4.190M $4.027M
YoY Change 4.05% 38.86%
Goodwill $27.14M $27.14M
YoY Change 0.0% 141.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.90M $11.20M
YoY Change -2.68% 220.0%
Total Long-Term Assets $72.93M $65.21M
YoY Change 11.83% 211.16%
TOTAL ASSETS
Total Short-Term Assets $103.0M $99.24M
Total Long-Term Assets $72.93M $65.21M
Total Assets $175.9M $164.5M
YoY Change 6.98% 29.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.500M $4.800M
YoY Change -47.92% 29.73%
Accrued Expenses $5.300M $4.400M
YoY Change 20.45% -16.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.08M $32.72M
YoY Change -44.76% 107.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.200M $2.700M
YoY Change 18.52% 28.57%
Total Long-Term Liabilities $3.200M $2.700M
YoY Change 18.52% 28.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.08M $32.72M
Total Long-Term Liabilities $3.200M $2.700M
Total Liabilities $21.27M $35.44M
YoY Change -39.99% 97.99%
SHAREHOLDERS EQUITY
Retained Earnings $31.76M $28.20M
YoY Change 12.59%
Common Stock $168.0M $147.8M
YoY Change 13.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.87M $43.63M
YoY Change 16.59%
Treasury Stock Shares 1.101M shares 975.9K shares
Shareholders Equity $144.8M $129.0M
YoY Change
Total Liabilities & Shareholders Equity $166.1M $164.5M
YoY Change 1.0% 29.59%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $6.064M $3.522M
YoY Change 72.17% -37.22%
Depreciation, Depletion And Amortization $240.0K $258.0K
YoY Change -6.98% 77.93%
Cash From Operating Activities $9.940M $17.23M
YoY Change -42.31% 25.04%
INVESTING ACTIVITIES
Capital Expenditures $150.0K $378.0K
YoY Change -60.32% 31.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$150.0K -$380.0K
YoY Change -60.53% 31.03%
FINANCING ACTIVITIES
Cash Dividend Paid $6.564M $5.724M
YoY Change 14.68% 17.9%
Common Stock Issuance & Retirement, Net $0.00 $4.411M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.08M -14.28M
YoY Change -8.4% 38.24%
NET CHANGE
Cash From Operating Activities 9.940M 17.23M
Cash From Investing Activities -150.0K -380.0K
Cash From Financing Activities -13.08M -14.28M
Net Change In Cash -3.290M 2.570M
YoY Change -228.02% -18.67%
FREE CASH FLOW
Cash From Operating Activities $9.940M $17.23M
Capital Expenditures $150.0K $378.0K
Free Cash Flow $9.790M $16.85M
YoY Change -41.91% 24.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001165002
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8888656 shares
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2017Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2001-12-12
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
WESTWOOD HOLDINGS GROUP INC
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2641000 USD
CY2017Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2482000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23429000 USD
CY2017Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25208000 USD
CY2016Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3148000 USD
CY2017Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4007000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4590000 USD
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4834000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-4287000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-4080000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4287000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4080000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
162730000 USD
CY2017Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
167928000 USD
CY2017Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
592000 USD
CY2017Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3897000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
490000 USD
CY2016Q1 us-gaap Assets
Assets
164452000 USD
CY2016Q4 us-gaap Assets
Assets
179678000 USD
CY2017Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
490000 USD
CY2017Q1 us-gaap Assets
Assets
166104000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
115957000 USD
CY2017Q1 us-gaap Assets Current
AssetsCurrent
103006000 USD
CY2017Q1 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
22073000000 USD
CY2016Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
832000 USD
CY2017Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22740000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26425000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33679000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30626000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3685000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3053000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9801938 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9989598 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8810375 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8888656 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
98000 USD
CY2017Q1 us-gaap Common Stock Value
CommonStockValue
100000 USD
CY2016Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1964000 USD
CY2017Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1756000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4825000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6271000 USD
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
23483000 USD
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
24853000 USD
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-109000 USD
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
26000 USD
CY2016Q1 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
78000 USD
CY2017Q1 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
156000 USD
CY2016Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2174000 USD
CY2017Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2161000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
10903000 USD
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
10860000 USD
CY2016Q1 us-gaap Depreciation
Depreciation
258000 USD
CY2017Q1 us-gaap Depreciation
Depreciation
240000 USD
CY2017Q1 us-gaap Dividends Common Stock
DividendsCommonStock
5478000 USD
CY2016Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
6679000 USD
CY2017Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
6328000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1118000 USD
CY2017Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
235000 USD
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.376
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17200000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5260000 USD
CY2017Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M0D
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
165000 USD
CY2017Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
165000 USD
CY2017Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2016Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
56485000 USD
CY2017Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
44786000 USD
CY2016Q1 us-gaap Fees And Commissions
FeesAndCommissions
29280000 USD
CY2017Q1 us-gaap Fees And Commissions
FeesAndCommissions
31970000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21394000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20904000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2355000 USD
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2544000 USD
CY2016Q1 us-gaap Goodwill
Goodwill
27144000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
27144000 USD
CY2017Q1 us-gaap Goodwill
Goodwill
27144000 USD
CY2016Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5646000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7770000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2124000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1706000 USD
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
541000 USD
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
828000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
374000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-161000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5675000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1721000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
1666000 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
859000 USD
CY2016Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-15749000 USD
CY2017Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-11394000 USD
CY2016Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-675000 USD
CY2017Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
18000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
82000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-33000 USD
CY2016Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-27813000 USD
CY2017Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-12002000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
82418 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0 shares
CY2016Q1 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
21815000 USD
CY2017Q1 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
23789000 USD
CY2016Q1 us-gaap Investment Income Net
InvestmentIncomeNet
135000 USD
CY2017Q1 us-gaap Investment Income Net
InvestmentIncomeNet
167000 USD
CY2016Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
16494000 USD
CY2017Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
17717000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
33609000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
21268000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
179678000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
166104000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
29668000 USD
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
18077000 USD
CY2016Q4 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
186000 USD
CY2017Q1 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
245000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-14280000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-13079000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-378000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-150000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
17225000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
9941000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
3522000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
6064000 USD
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2364000 USD
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
2386000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1303000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
207000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
207000 USD
CY2016Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
288000 USD
CY2017Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-7000 USD
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
-286000 USD
CY2017Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
486000 USD
CY2016Q1 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
-1128000 USD
CY2017Q1 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
0 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4411000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
5724000 USD
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
6564000 USD
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3696000 USD
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5189000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
378000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
150000 USD
CY2016Q1 us-gaap Performance Fees
PerformanceFees
0 USD
CY2017Q1 us-gaap Performance Fees
PerformanceFees
386000 USD
CY2016Q1 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
214000 USD
CY2016Q1 us-gaap Professional Fees
ProfessionalFees
1646000 USD
CY2017Q1 us-gaap Professional Fees
ProfessionalFees
1496000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4280000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4190000 USD
CY2017Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
5189000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31881000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31756000 USD
CY2016Q1 us-gaap Revenues
Revenues
29129000 USD
CY2017Q1 us-gaap Revenues
Revenues
32623000 USD
CY2016Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
328000 USD
CY2017Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
477000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4003000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3897000 USD
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
56485000 USD
CY2017Q1 us-gaap Short Term Investments
ShortTermInvestments
44786000 USD
CY2017Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
2100000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
146069000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
144836000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
56485000 USD
CY2017Q1 us-gaap Trading Securities
TradingSecurities
44786000 USD
CY2016Q4 us-gaap Trading Securities Cost
TradingSecuritiesCost
56459000 USD
CY2017Q1 us-gaap Trading Securities Cost
TradingSecuritiesCost
44457000 USD
CY2016Q1 us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
204000 USD
CY2017Q1 us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
392000 USD
CY2016Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
248000 USD
CY2017Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
303000 USD
CY2016Q1 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
178000 USD
CY2017Q1 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
63000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
991563 shares
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1100942 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
44353000 USD
CY2017Q1 us-gaap Treasury Stock Value
TreasuryStockValue
50868000 USD
CY2017Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1326000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2462000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2125000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
42000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
57000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
352000 USD
CY2016Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
13000000 USD
CY2017Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
12800000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8047084 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8311382 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7862449 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8065825 shares
CY2016Q1 whg Dividends Accrued
DividendsAccrued
6714000 USD
CY2017Q1 whg Dividends Accrued
DividendsAccrued
7358000 USD
CY2016Q4 whg Dividends Payable Non Current
DividendsPayableNonCurrent
1767000 USD
CY2017Q1 whg Dividends Payable Non Current
DividendsPayableNonCurrent
1030000 USD
CY2014Q1 whg Economic Earnings Losses
EconomicEarningsLosses
8093000 USD
CY2016Q1 whg Economic Earnings Losses
EconomicEarningsLosses
8093000 USD
CY2017Q1 whg Economic Earnings Losses
EconomicEarningsLosses
10607000 USD
CY2016Q1 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
102217 shares
CY2017Q1 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
245557 shares
CY2016Q1 whg Investment Income And Loss
InvestmentIncomeAndLoss
-151000 USD
CY2017Q1 whg Investment Income And Loss
InvestmentIncomeAndLoss
653000 USD
CY2016Q1 whg Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
696000 USD
CY2017Q1 whg Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
863000 USD
CY2016Q4 whg Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
1700000 USD
CY2017Q1 whg Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
900000 USD
CY2016Q1 whg Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
614000 USD
CY2017Q1 whg Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
1326000 USD
CY2017Q1 whg Percentage Of Defense Costs Covered By Insurance
PercentageOfDefenseCostsCoveredByInsurance
0.50
CY2017Q1 whg Significant Changein Income Tax Provisionis Reasonably Possible Amountof Unrecorded Benefit
SignificantChangeinIncomeTaxProvisionisReasonablyPossibleAmountofUnrecordedBenefit
1400000 USD
CY2016Q1 whg Trust Fees
TrustFees
7465000 USD
CY2017Q1 whg Trust Fees
TrustFees
7795000 USD
CY2015Q2 whg Variable Interest Entity Financialor Other Support Numberof Entities
VariableInterestEntityFinancialorOtherSupportNumberofEntities
2 mutual_fund
CY2017Q1 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:12px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westwood Holdings Group, Inc. (&#8220;Westwood&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our&#8221;) was incorporated under the laws of the State of Delaware on </font><font style="font-family:inherit;font-size:10pt;">December&#160;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 &#8220;Westwood Management&#8221;), Westwood Trust (&#8220;Westwood Trust&#8221;), and Westwood International Advisors Inc. (&#8220;Westwood International&#8221;). Revenue is largely dependent on the total value and composition of assets under management (&#8220;AUM&#8221;). Accordingly, fluctuations in financial markets and in the composition of AUM impact revenues and results of operations. </font></div></div>

Files In Submission

Name View Source Status
0001165002-17-000049-index-headers.html Edgar Link pending
0001165002-17-000049-index.html Edgar Link pending
0001165002-17-000049.txt Edgar Link pending
0001165002-17-000049-xbrl.zip Edgar Link pending
a1q1710-qwhg.htm Edgar Link pending
a1q17exhibit311certificati.htm Edgar Link pending
a1q17exhibit312certificati.htm Edgar Link pending
a1q17exhibit321certificati.htm Edgar Link pending
a1q17exhibit322certificati.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
whg-20170331.xml Edgar Link completed
whg-20170331.xsd Edgar Link pending
whg-20170331_cal.xml Edgar Link unprocessable
whg-20170331_def.xml Edgar Link unprocessable
whg-20170331_lab.xml Edgar Link unprocessable
whg-20170331_pre.xml Edgar Link unprocessable