$WHG
WESTWOOD HOLDINGS GROUP INC

2020 Q2 Form 10-Q Financial Statement

#000116500220000125 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2018 Q1
Revenue $15.88M $21.71M $33.57M
YoY Change -26.87% -33.73% 2.89%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.444M $2.916M $2.857M
YoY Change -16.19% 1.85% -5.43%
% of Gross Profit
Research & Development $2.030M $2.282M $2.038M
YoY Change -11.04% -4.24% 16.06%
% of Gross Profit
Depreciation & Amortization $680.0K $650.0K $213.0K
YoY Change 4.62% 1.56% -11.25%
% of Gross Profit
Operating Expenses $4.474M $5.198M $4.895M
YoY Change -13.93% -0.91% 2.47%
Operating Profit -$2.134M $2.579M $9.963M
YoY Change -182.75% -76.42% 28.22%
Interest Expense -$1.200M -$720.0K
YoY Change 66.67%
% of Operating Profit -27.92%
Other Income/Expense, Net $30.00K $80.00K
YoY Change -62.5%
Pretax Income -$1.817M $2.656M $10.49M
YoY Change -168.41% -75.71% 34.97%
Income Tax $758.0K $795.0K $2.509M
% Of Pretax Income 29.93% 23.92%
Net Earnings -$2.575M $1.861M $7.978M
YoY Change -238.37% -76.71% 31.56%
Net Earnings / Revenue -16.22% 8.57% 23.77%
Basic Earnings Per Share -$0.33 $0.22 $0.96
Diluted Earnings Per Share -$0.33 $0.22 $0.93
COMMON SHARES
Basic Shares Outstanding 7.880M shares 8.447M shares 8.271M shares
Diluted Shares Outstanding 7.880M shares 8.477M shares 8.540M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.20M $103.9M $100.5M
YoY Change -28.59% -4.5% 33.29%
Cash & Equivalents $43.93M $56.31M $51.55M
Short-Term Investments $30.20M $47.60M $48.90M
Other Short-Term Assets $1.764M $2.680M $3.465M
YoY Change -34.18% 44.63% 45.22%
Inventory
Prepaid Expenses
Receivables $10.75M $13.68M $23.95M
Other Receivables $700.0K $0.00 $0.00
Total Short-Term Assets $87.38M $121.1M $129.6M
YoY Change -27.84% -9.34% 25.85%
LONG-TERM ASSETS
Property, Plant & Equipment $3.741M $4.637M $4.220M
YoY Change -19.32% 13.43% 0.72%
Goodwill $19.80M $19.80M $19.80M
YoY Change 0.0% 0.0% -27.04%
Intangibles
YoY Change
Long-Term Investments $11.60M $5.700M
YoY Change 103.51% 14.0%
Other Assets $425.0K $4.400M $4.200M
YoY Change -90.34% -12.0% -61.47%
Total Long-Term Assets $60.04M $58.39M $45.49M
YoY Change 2.83% 15.18% -37.63%
TOTAL ASSETS
Total Short-Term Assets $87.38M $121.1M $129.6M
Total Long-Term Assets $60.04M $58.39M $45.49M
Total Assets $147.4M $179.5M $175.1M
YoY Change -17.86% -2.59% -0.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.800M $2.100M $3.200M
YoY Change -14.29% -22.22% 28.0%
Accrued Expenses $5.600M $6.100M $5.200M
YoY Change -8.2% -32.22% -1.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $8.678M $16.02M $16.31M
YoY Change -45.82% -20.32% -9.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.300M $9.500M $2.800M
YoY Change -23.16% 216.67% -12.5%
Total Long-Term Liabilities $7.300M $9.500M $2.800M
YoY Change -23.16% 216.67% -12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.678M $16.02M $16.31M
Total Long-Term Liabilities $7.300M $9.500M $2.800M
Total Liabilities $15.99M $25.50M $19.10M
YoY Change -37.29% 10.27% -10.21%
SHAREHOLDERS EQUITY
Retained Earnings $5.615M $20.05M $30.49M
YoY Change -72.0% -37.94% -3.98%
Common Stock $208.7M $200.1M $183.7M
YoY Change 4.27% 6.75% 9.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $78.05M $62.88M $55.20M
YoY Change 24.12% 13.92% 8.52%
Treasury Stock Shares 1.408M shares 1.392M shares 1.178M shares
Shareholders Equity $131.4K $131.4K $156.1K
YoY Change
Total Liabilities & Shareholders Equity $147.4M $179.5M $175.1M
YoY Change -17.86% -2.59% 5.43%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$2.575M $1.861M $7.978M
YoY Change -238.37% -76.71% 31.56%
Depreciation, Depletion And Amortization $680.0K $650.0K $213.0K
YoY Change 4.62% 1.56% -11.25%
Cash From Operating Activities $10.30M $10.49M $1.350M
YoY Change -1.81% 48.79% -86.42%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$330.0K $299.0K
YoY Change -87.88% 153.85% 99.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.01M
YoY Change -100.0%
Cash From Investing Activities -$40.00K -$330.0K $9.710M
YoY Change -87.88% -93.55% -6573.33%
FINANCING ACTIVITIES
Cash Dividend Paid $7.332M
YoY Change 11.7%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.72M -6.980M -12.75M
YoY Change 82.23% 21.6% -2.52%
NET CHANGE
Cash From Operating Activities 10.30M 10.49M 1.350M
Cash From Investing Activities -40.00K -330.0K 9.710M
Cash From Financing Activities -12.72M -6.980M -12.75M
Net Change In Cash -2.460M 3.180M -1.690M
YoY Change -177.36% -183.46% -48.63%
FREE CASH FLOW
Cash From Operating Activities $10.30M $10.49M $1.350M
Capital Expenditures -$40.00K -$330.0K $299.0K
Free Cash Flow $10.34M $10.82M $1.051M
YoY Change -4.44% 50.7% -89.26%

Facts In Submission

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8467589 shares
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
138389000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2575000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2575000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1371000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
-24000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2305000 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8085000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
131429000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
156110 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1861000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1861000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
735 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6344 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2430 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
806 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
153986 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
148287000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1473000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1473000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1871000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3879000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4921000 USD
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
213000 USD
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
231 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1787 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
12952000 USD
whg Treasury Stock Value Acquired Cost Method Employee Stock Plan
TreasuryStockValueAcquiredCostMethodEmployeeStockPlan
697000 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
1120000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
131429000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
161149 USD
us-gaap Net Income Loss
NetIncomeLoss
2253000 USD
us-gaap Net Income Loss
NetIncomeLoss
2253000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1566 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Dividends Common Stock
DividendsCommonStock
12724 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5683 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
2385 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
153986 USD
us-gaap Net Income Loss
NetIncomeLoss
-1473000 USD
us-gaap Net Income Loss
NetIncomeLoss
2253000 USD
us-gaap Depreciation
Depreciation
465000 USD
us-gaap Depreciation
Depreciation
425000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
858000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
836000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-904000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4921000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5683000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-939000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
763000 USD
whg Noncashleaseexpense
Noncashleaseexpense
615000 USD
whg Noncashleaseexpense
Noncashleaseexpense
561000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-20029000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-18779000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2350000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4891000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-709000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
589000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-361000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-604000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-5790000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-10357000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
307000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-288000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-771000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-692000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21824000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21061000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
402000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
250000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-652000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12952000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
806000 USD
whg Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
697000 USD
whg Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
981000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1120000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2385000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
11043000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
13860000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25812000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18032000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1796000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1484000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5840000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3861000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49766000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52449000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43926000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56310000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
288000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1417000 USD
whg Dividends Accrued
DividendsAccrued
1498000 USD
whg Dividends Accrued
DividendsAccrued
8150000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
203000 USD
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF THE BUSINESS <div style="text-indent:27pt;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Westwood Holdings Group, Inc. (“Westwood”, “the Company”, “we”, “us” or “our”) was incorporated under the laws of the State of Delaware on December 12, 2001. Westwood manages investment assets and provides services for its clients through its wholly-owned subsidiaries, Westwood Management Corp. and Westwood Advisors, L.L.C. (referred to hereinafter together as “Westwood Management”), Westwood Trust and Westwood International Advisors Inc. (“Westwood International Advisors”). Westwood Management provides investment advisory services to institutional clients, a family of mutual funds called the Westwood Funds®, other mutual funds, individual investors and clients of Westwood Trust. Westwood International Advisors provides investment advisory services to institutional clients, the Westwood Funds®, other mutual funds, the UCITS Fund (which was liquidated in June 2020), individual investors and clients of Westwood Trust. Westwood Trust provides trust and custodial services and participation in self-sponsored common trust funds (“CTFs”) to institutions and high net worth individuals. 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 our revenues and results of operations.</span></div><div style="text-indent:27pt;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Westwood Management is registered with the Securities and Exchange Commission ("SEC") as an investment advisor ("RIA") under the Investment Advisers Act of 1940. Westwood Trust is chartered and regulated by the Texas Department of Banking. Westwood International Advisors is registered as a portfolio manager and exempt market dealer with the Ontario Securities Commission and the Autorité des marchés financiers in Québec.</span></div>
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15875000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21709000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32544000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45571000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15875000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21709000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32544000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45571000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2020Q2 whg Revenue From External Sources
RevenueFromExternalSources
15720000 USD
CY2020Q2 whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
CY2020Q2 us-gaap Investment Income Net
InvestmentIncomeNet
10000 USD
CY2020Q2 whg Otherrevenue
Otherrevenue
145000 USD
CY2020Q2 us-gaap Revenues
Revenues
15875000 USD
CY2020Q2 us-gaap Assets
Assets
147421000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
19804000 USD
CY2019Q2 whg Revenue From External Sources
RevenueFromExternalSources
21259000 USD
CY2019Q2 whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
CY2019Q2 us-gaap Investment Income Net
InvestmentIncomeNet
283000 USD
CY2019Q2 whg Otherrevenue
Otherrevenue
167000 USD
CY2019Q2 us-gaap Revenues
Revenues
21709000 USD
CY2019Q2 us-gaap Assets
Assets
179486000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
19804000 USD
whg Revenue From External Sources
RevenueFromExternalSources
32773000 USD
whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
us-gaap Investment Income Net
InvestmentIncomeNet
31000 USD
whg Otherrevenue
Otherrevenue
-260000 USD
us-gaap Revenues
Revenues
32544000 USD
whg Revenue From External Sources
RevenueFromExternalSources
44384000 USD
whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
us-gaap Investment Income Net
InvestmentIncomeNet
595000 USD
whg Otherrevenue
Otherrevenue
592000 USD
us-gaap Revenues
Revenues
45571000 USD
CY2018Q2 us-gaap Long Term Investments
LongTermInvestments
5400000 USD
CY2020Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2800000 USD
CY2020Q2 whg Investmentscarriedatfairvalueunrealizedgain
Investmentscarriedatfairvalueunrealizedgain
300000 USD
whg Investmentscarriedatfairvalueunrealizedloss
Investmentscarriedatfairvalueunrealizedloss
-700000 USD
CY2020Q2 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
30036000 USD
us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
205000 USD
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
13000 USD
CY2020Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
30228000 USD
CY2020Q2 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
33706000 USD
whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
205000 USD
whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
282000 USD
CY2020Q2 us-gaap Trading Securities
TradingSecurities
33629000 USD
CY2019Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
50065000 USD
CY2020Q1 whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
827000 USD
CY2020Q1 whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
0 USD
CY2020Q1 us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
259000 USD
CY2020Q1 us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
0 USD
CY2019Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
50324000 USD
CY2019Q4 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
53735000 USD
CY2019Q4 us-gaap Trading Securities
TradingSecurities
54562000 USD
CY2020Q2 us-gaap Variable Interest Entity Consolidated Assets Noncurrent
VariableInterestEntityConsolidatedAssetsNoncurrent
4200000 USD
CY2019Q4 us-gaap Variable Interest Entity Consolidated Assets Noncurrent
VariableInterestEntityConsolidatedAssetsNoncurrent
6400000 USD
CY2020Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
30228000 USD
CY2020Q2 us-gaap Trading Securities
TradingSecurities
33629000 USD
CY2019Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
50324000 USD
CY2019Q4 us-gaap Trading Securities
TradingSecurities
54562000 USD
CY2020Q2 whg Unobservable Input Book Value Multiple Weighted Average
UnobservableInputBookValueMultipleWeightedAverage
1.20 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2980000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3975000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
334000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-661000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3314000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3314000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3300000 USD
CY2020Q2 whg Unobservable Input Book Value Multiple Maximum
UnobservableInputBookValueMultipleMaximum
1.31 USD
CY2020Q2 whg Unobservable Input Book Value Multiple Minimum
UnobservableInputBookValueMultipleMinimum
1.06
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M18D
CY2020Q2 whg Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
37000 USD
CY2019Q4 whg Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
79000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.190
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.457
whg Discretetaxexpensefromstockbasedcompensation
Discretetaxexpensefromstockbasedcompensation
600000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2575000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1861000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1473000 USD
us-gaap Net Income Loss
NetIncomeLoss
2253000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7879698 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8446610 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8147045 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8406367 shares
CY2020Q2 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
CY2019Q2 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
30167 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
61222 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7879698 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8476777 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8147045 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8467589 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2016Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000.0 USD
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10.0 USD
CY2020Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
407697 shares
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.83
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8100000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
679756 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.05
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13000000.0 USD
CY2020Q2 us-gaap Variable Interest Entity Consolidated Assets Noncurrent
VariableInterestEntityConsolidatedAssetsNoncurrent
4200000 USD
CY2019Q4 us-gaap Variable Interest Entity Consolidated Assets Noncurrent
VariableInterestEntityConsolidatedAssetsNoncurrent
6400000 USD
CY2020Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
4500000 USD
CY2019Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
8400000 USD
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
10200000 USD
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
17100000 USD
CY2020Q2 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
11908000000 USD
us-gaap Subsequent Event Description
SubsequentEventDescription
0.4 million

Files In Submission

Name View Source Status
0001165002-20-000125-index-headers.html Edgar Link pending
0001165002-20-000125-index.html Edgar Link pending
0001165002-20-000125.txt Edgar Link pending
0001165002-20-000125-xbrl.zip Edgar Link pending
a2q20exhibit311.htm Edgar Link pending
a2q20exhibit312.htm Edgar Link pending
a2q20exhibit321.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
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whg-20200630.htm Edgar Link pending
whg-20200630.xsd Edgar Link pending
whg-20200630_cal.xml Edgar Link unprocessable
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whg-20200630_htm.xml Edgar Link completed
whg-20200630_lab.xml Edgar Link unprocessable
whg-20200630_pre.xml Edgar Link unprocessable