$WHG
WESTWOOD HOLDINGS GROUP INC

2021 Q3 Form 10-Q Financial Statement

#000116500221000070 Filed on July 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $17.86M $17.48M $15.88M
YoY Change 15.57% 10.14% -26.87%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.071M $2.412M $2.444M
YoY Change -18.72% -1.31% -16.19%
% of Gross Profit
Research & Development $1.937M $2.261M $2.030M
YoY Change -10.24% 11.38% -11.04%
% of Gross Profit
Depreciation & Amortization $580.0K $589.0K $680.0K
YoY Change -12.12% -13.38% 4.62%
% of Gross Profit
Operating Expenses $4.008M $4.673M $4.474M
YoY Change -14.83% 4.45% -13.93%
Operating Profit $2.044M $778.0K -$2.134M
YoY Change -150.56% -136.46% -182.75%
Interest Expense $131.0K $281.0K -$1.200M
YoY Change -102.81% -123.42% 66.67%
% of Operating Profit 6.41% 36.12%
Other Income/Expense, Net $198.0K $142.0K $30.00K
YoY Change 560.0% 373.33% -62.5%
Pretax Income $2.360M $1.416M -$1.817M
YoY Change -128.37% -177.93% -168.41%
Income Tax $481.0K $446.0K $758.0K
% Of Pretax Income 20.38% 31.5%
Net Earnings $1.879M $970.0K -$2.575M
YoY Change -118.26% -137.67% -238.37%
Net Earnings / Revenue 10.52% 5.55% -16.22%
Basic Earnings Per Share $0.24 $0.12 -$0.33
Diluted Earnings Per Share $0.24 $0.12 -$0.33
COMMON SHARES
Basic Shares Outstanding 7.887M shares 7.885M shares 7.880M shares
Diluted Shares Outstanding 7.956M shares 7.928M shares 7.880M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.56M $92.31M $74.20M
YoY Change -1.35% 24.41% -28.59%
Cash & Equivalents $18.46M $17.25M $43.93M
Short-Term Investments $58.09M $75.07M $30.20M
Other Short-Term Assets $2.451M $2.201M $1.764M
YoY Change 10.85% 24.77% -34.18%
Inventory
Prepaid Expenses
Receivables $9.785M $9.881M $10.75M
Other Receivables $79.00K $262.0K $700.0K
Total Short-Term Assets $88.87M $104.7M $87.38M
YoY Change -1.04% 19.78% -27.84%
LONG-TERM ASSETS
Property, Plant & Equipment $2.229M $2.389M $3.741M
YoY Change -36.89% -36.14% -19.32%
Goodwill $16.40M $16.40M $19.80M
YoY Change 0.0% -17.18% 0.0%
Intangibles
YoY Change
Long-Term Investments $8.640M $8.653M $11.60M
YoY Change -24.87% -25.41% 103.51%
Other Assets $634.0K $493.0K $425.0K
YoY Change 42.79% 16.0% -90.34%
Total Long-Term Assets $46.39M $47.61M $60.04M
YoY Change -15.01% -20.71% 2.83%
TOTAL ASSETS
Total Short-Term Assets $88.87M $104.7M $87.38M
Total Long-Term Assets $46.39M $47.61M $60.04M
Total Assets $135.3M $152.3M $147.4M
YoY Change -6.32% 3.29% -17.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.775M $3.213M $1.800M
YoY Change 32.14% 78.5% -14.29%
Accrued Expenses $8.437M $5.927M $5.600M
YoY Change 11.01% 5.84% -8.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $13.30M $11.89M $8.678M
YoY Change 23.14% 37.0% -45.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.237M $5.699M $7.300M
YoY Change -12.15% -21.93% -23.16%
Total Long-Term Liabilities $6.237M $5.699M $7.300M
YoY Change -12.15% -21.93% -23.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.30M $11.89M $8.678M
Total Long-Term Liabilities $6.237M $5.699M $7.300M
Total Liabilities $19.53M $17.59M $15.99M
YoY Change 9.18% 9.98% -37.29%
SHAREHOLDERS EQUITY
Retained Earnings $2.769M $1.757M $5.615M
YoY Change -159.88% -68.71% -72.0%
Common Stock $194.0M $213.5M $208.7M
YoY Change -7.25% 2.3% 4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $81.05M $80.55M $78.05M
YoY Change 3.84% 3.2% 24.12%
Treasury Stock Shares 1.408M shares 1.408M shares 1.408M shares
Shareholders Equity $115.7M $134.7K $131.4K
YoY Change
Total Liabilities & Shareholders Equity $135.3M $152.3M $147.4M
YoY Change -6.32% 3.29% -17.86%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $1.879M $970.0K -$2.575M
YoY Change -118.26% -137.67% -238.37%
Depreciation, Depletion And Amortization $580.0K $589.0K $680.0K
YoY Change -12.12% -13.38% 4.62%
Cash From Operating Activities $22.29M $5.820M $10.30M
YoY Change -177.13% -43.5% -1.81%
INVESTING ACTIVITIES
Capital Expenditures -$6.000K -$98.00K -$40.00K
YoY Change -80.0% 145.0% -87.88%
Acquisitions
YoY Change
Other Investing Activities -$15.00K $19.00K
YoY Change
Cash From Investing Activities -$21.00K -$89.00K -$40.00K
YoY Change -30.0% 122.5% -87.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.97M -1.473M -12.72M
YoY Change -88.42% 82.23%
NET CHANGE
Cash From Operating Activities 22.29M 5.820M 10.30M
Cash From Investing Activities -21.00K -89.00K -40.00K
Cash From Financing Activities -20.97M -1.473M -12.72M
Net Change In Cash 1.299M 4.258M -2.460M
YoY Change -104.49% -273.09% -177.36%
FREE CASH FLOW
Cash From Operating Activities $22.29M $5.820M $10.30M
Capital Expenditures -$6.000K -$98.00K -$40.00K
Free Cash Flow $22.30M $5.918M $10.34M
YoY Change -177.23% -42.77% -4.44%

Facts In Submission

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CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7884771 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7879698 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7885901 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8147045 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7928106 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7879698 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7922742 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8147045 shares
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
133445000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
970000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
970000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
818000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1375000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
296000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
134676000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
138389 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
1371 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2305 USD
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
24 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8085 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
131429 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
130711000 USD
us-gaap Net Income Loss
NetIncomeLoss
5071000 USD
us-gaap Net Income Loss
NetIncomeLoss
5071000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
1619000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3097000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1700000 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
884000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
134676000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
148287 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
-1871 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3879 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3879 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4921 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
12952 USD
whg Treasury Stock Shares Acquired Employee Stock Plan
TreasuryStockSharesAcquiredEmployeeStockPlan
-27474 shares
whg Treasury Stock Value Acquired Cost Method Employee Stock Plan
TreasuryStockValueAcquiredCostMethodEmployeeStockPlan
-697 USD
whg Treasury Stock Value Acquired Cost Method Employee Stock Plan
TreasuryStockValueAcquiredCostMethodEmployeeStockPlan
-697 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
1120 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
131429 USD
us-gaap Net Income Loss
NetIncomeLoss
5071000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1473000 USD
us-gaap Depreciation
Depreciation
397000 USD
us-gaap Depreciation
Depreciation
465000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
812000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
858000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-2273000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-904000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-8371000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3097000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4921000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-939000 USD
whg Noncashleaseexpense
Noncashleaseexpense
614000 USD
whg Noncashleaseexpense
Noncashleaseexpense
615000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-148000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
5642000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-20029000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
431000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2350000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-771000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1230000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-376000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-709000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1585000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-361000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2942000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-5790000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2899000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
307000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-833000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21824000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
9258000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
501000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
93000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1120000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
15000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9651000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12952000 USD
whg Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
0 USD
whg Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
697000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
884000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1619000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
11043000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4203000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25812000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
13000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1796000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4231000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5840000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13016000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49766000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17247000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43926000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
447000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
288000 USD
whg Dividends Accrued
DividendsAccrued
1364000 USD
whg Dividends Accrued
DividendsAccrued
1498000 USD
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF THE BUSINESS <div style="margin-top:6pt;text-indent:27pt"><span style="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”). </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 27, 2020, Westwood’s Board of Directors </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">approved the liquidation of Westwood International Advisors, which occurred effective September 30, 2020.</span></div><div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. Prior to its liquidation, our wholly owned subsidiary, Westwood International Advisors, provided 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="margin-top:6pt;text-indent:27pt"><span style="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.</span></div>
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17484000 USD
CY2021Q2 whg Revenue From External Sources
RevenueFromExternalSources
17601000 USD
CY2021Q2 whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15875000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35803000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32544000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17484000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15875000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35803000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32544000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2021Q2 whg Otherrevenue
Otherrevenue
-117000 USD
CY2021Q2 us-gaap Revenues
Revenues
17484000 USD
CY2021Q2 us-gaap Assets
Assets
152264000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
16401000 USD
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
whg Revenue From External Sources
RevenueFromExternalSources
36075000 USD
whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
whg Otherrevenue
Otherrevenue
-272000 USD
us-gaap Revenues
Revenues
35803000 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
CY2018Q2 us-gaap Long Term Investments
LongTermInvestments
5400000 USD
CY2021Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2800000 USD
CY2021Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
8300000 USD
CY2021Q2 whg Investmentscarriedatfairvalueunrealizedgain
Investmentscarriedatfairvalueunrealizedgain
200000 USD
whg Investmentscarriedatfairvalueunrealizedgain
Investmentscarriedatfairvalueunrealizedgain
700000 USD
CY2020Q2 whg Investmentscarriedatfairvalueunrealizedgain
Investmentscarriedatfairvalueunrealizedgain
300000 USD
whg Investmentscarriedatfairvalueunrealizedloss
Investmentscarriedatfairvalueunrealizedloss
-700000 USD
CY2019Q1 us-gaap Long Term Investments
LongTermInvestments
300000 USD
CY2021Q2 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
75312000 USD
us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
191000 USD
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
437000 USD
CY2021Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
75066000 USD
CY2021Q2 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
78997000 USD
whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
858000 USD
whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
591000 USD
CY2021Q2 us-gaap Trading Securities
TradingSecurities
79264000 USD
CY2020Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
69628000 USD
CY2021Q1 us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
99000 USD
CY2021Q1 us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
185000 USD
CY2020Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
69542000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
73069000 USD
CY2020Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
69542000 USD
CY2020Q4 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
73298000 USD
CY2021Q1 whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
110000 USD
CY2021Q1 whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
339000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
73069000 USD
CY2021Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
75066000 USD
CY2021Q2 us-gaap Trading Securities
TradingSecurities
79264000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3872000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2980000 USD
CY2021Q2 whg Unobservable Input Book Value Multiple Maximum
UnobservableInputBookValueMultipleMaximum
2.28 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3314000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4100000 USD
CY2021Q2 whg Unobservable Input Book Value Multiple Minimum
UnobservableInputBookValueMultipleMinimum
1.38
CY2021Q2 whg Unobservable Input Book Value Multiple Weighted Average
UnobservableInputBookValueMultipleWeightedAverage
1.51 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3431000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3975000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
215000 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
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
656000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-661000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4087000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3314000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4087000 USD
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
36841 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7928106 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8147045 shares
CY2021Q2 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
43335 shares
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
970000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2575000 USD
us-gaap Net Income Loss
NetIncomeLoss
5071000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1473000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7884771 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7879698 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7885901 shares
CY2020Q2 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7879698 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7922742 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8147045 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2020Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3400000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
20000 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
18866 shares
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10.0 USD
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000.0 USD
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
15.63
CY2021Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
300000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
111357 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
15.27
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
1700000 USD
CY2020Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
407697 shares
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.83
CY2020Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
8100000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
679756 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.05
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
13000000.0 USD
CY2021Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
5400000 USD
CY2020Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
4500000 USD
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
10300000 USD
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
10200000 USD
CY2021Q2 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
14407000000 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2021Q3 whg Common Stock Special Dividends Per Share Declared
CommonStockSpecialDividendsPerShareDeclared
2.50

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