$WHG
WESTWOOD HOLDINGS GROUP INC

2021 Q3 Form 10-Q Financial Statement

#000116500221000085 Filed on October 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $17.86M $17.11M $15.45M
YoY Change 15.57% -8.07% -22.31%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.071M $12.90M $2.548M
YoY Change -18.72% -22.8% -9.74%
% of Gross Profit
Research & Development $1.937M $1.890M $2.158M
YoY Change -10.24% -12.09% 6.99%
% of Gross Profit
Depreciation & Amortization $580.0K $650.0K $660.0K
YoY Change -12.12% -5.8% -1.49%
% of Gross Profit
Operating Expenses $4.008M $14.79M $4.706M
YoY Change -14.83% -21.58% -2.77%
Operating Profit $2.044M -$4.043M
YoY Change -150.56% -364.94%
Interest Expense $131.0K -$10.00K -$4.660M
YoY Change -102.81% -100.26% -1265.0%
% of Operating Profit 6.41%
Other Income/Expense, Net $198.0K $30.00K $30.00K
YoY Change 560.0% 0.0% 0.0%
Pretax Income $2.360M $2.548M -$8.318M
YoY Change -128.37% -30.97% -633.55%
Income Tax $481.0K -$270.0K $1.971M
% Of Pretax Income 20.38% -10.6%
Net Earnings $1.879M $2.815M -$10.29M
YoY Change -118.26% 10.78% -1021.13%
Net Earnings / Revenue 10.52% 16.45% -66.58%
Basic Earnings Per Share $0.24 $0.36 -$1.31
Diluted Earnings Per Share $0.24 $0.36 -$1.31
COMMON SHARES
Basic Shares Outstanding 7.887M shares 8.373M shares 7.829M shares
Diluted Shares Outstanding 7.956M shares 7.829M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.56M $82.60M $77.60M
YoY Change -1.35% -17.48% -23.32%
Cash & Equivalents $18.46M $13.02M $15.59M
Short-Term Investments $58.09M $69.50M $62.00M
Other Short-Term Assets $2.451M $2.606M $2.211M
YoY Change 10.85% 2.44% -16.79%
Inventory
Prepaid Expenses
Receivables $9.785M $9.450M $9.492M
Other Receivables $79.00K $1.700M $500.0K
Total Short-Term Assets $88.87M $96.31M $89.80M
YoY Change -1.04% -17.65% -23.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.229M $3.186M $3.532M
YoY Change -36.89% -23.27% -18.07%
Goodwill $16.40M $16.40M $16.40M
YoY Change 0.0% -17.18% -17.18%
Intangibles
YoY Change
Long-Term Investments $8.640M $11.70M $11.50M
YoY Change -24.87% -5.65% 36.9%
Other Assets $634.0K $464.0K $444.0K
YoY Change 42.79% 27.47% -87.31%
Total Long-Term Assets $46.39M $52.84M $54.58M
YoY Change -15.01% -14.43% -8.5%
TOTAL ASSETS
Total Short-Term Assets $88.87M $96.31M $89.80M
Total Long-Term Assets $46.39M $52.84M $54.58M
Total Assets $135.3M $149.2M $144.4M
YoY Change -6.32% -16.54% -18.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.775M $1.600M $2.100M
YoY Change 32.14% -23.81% 5.0%
Accrued Expenses $8.437M $9.200M $7.600M
YoY Change 11.01% -20.69% -9.52%
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 $11.79M $10.80M
YoY Change 23.14% -44.77% -40.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.237M $6.600M $7.100M
YoY Change -12.15% -27.47% -23.66%
Total Long-Term Liabilities $6.237M $6.647M $7.100M
YoY Change -12.15% -26.67% -23.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.30M $11.79M $10.80M
Total Long-Term Liabilities $6.237M $6.647M $7.100M
Total Liabilities $19.53M $18.44M $17.89M
YoY Change 9.18% -39.38% -34.35%
SHAREHOLDERS EQUITY
Retained Earnings $2.769M -$1.695M -$4.624M
YoY Change -159.88% -115.46% -131.22%
Common Stock $194.0M $210.4M $209.2M
YoY Change -7.25% 3.36% 3.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $81.05M $77.97M $78.05M
YoY Change 3.84% 23.21% 23.23%
Treasury Stock Shares 1.408M shares 1.278M shares 1.408M shares
Shareholders Equity $115.7M $130.7K $126.5K
YoY Change
Total Liabilities & Shareholders Equity $135.3M $149.2M $144.4M
YoY Change -6.32% -16.54% -18.57%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $1.879M $2.815M -$10.29M
YoY Change -118.26% 10.78% -1021.13%
Depreciation, Depletion And Amortization $580.0K $650.0K $660.0K
YoY Change -12.12% -5.8% -1.49%
Cash From Operating Activities $22.29M -$2.690M -$28.90M
YoY Change -177.13% 86.81% -330.28%
INVESTING ACTIVITIES
Capital Expenditures -$6.000K $0.00 -$30.00K
YoY Change -80.0% -100.0% -95.71%
Acquisitions
YoY Change
Other Investing Activities -$15.00K $90.00K $0.00
YoY Change -113.85% -100.0%
Cash From Investing Activities -$21.00K $90.00K -$30.00K
YoY Change -30.0% -112.33% -99.14%
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 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities 22.29M -2.690M -28.90M
Cash From Investing Activities -21.00K 90.00K -30.00K
Cash From Financing Activities -20.97M 0.000 0.000
Net Change In Cash 1.299M -2.600M -28.93M
YoY Change -104.49% -72.46% -1252.59%
FREE CASH FLOW
Cash From Operating Activities $22.29M -$2.690M -$28.90M
Capital Expenditures -$6.000K $0.00 -$30.00K
Free Cash Flow $22.30M -$2.690M -$28.87M
YoY Change -177.23% 97.79% -317.89%

Facts In Submission

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us-gaap Net Income Loss
NetIncomeLoss
-11762000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
621000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1250000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax
0 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1879000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5475000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6950000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8819000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.46
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.46
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7887259 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7829478 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7886359 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8040417 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7956081 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7829478 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7933860 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8040417 shares
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
134676000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1879000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1879000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2021Q3 whg Return Of Capital
ReturnOfCapital
-20823000 USD
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
867000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1362000 USD
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
499000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
115728000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
131429 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-10289000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-10289000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
621 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax
4193 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax
4193 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
488 USD
CY2021Q3 us-gaap Restricted Stock Award Forfeitures Dividends
RestrictedStockAwardForfeituresDividends
-50 USD
CY2021Q3 us-gaap Restricted Stock Award Forfeitures Dividends
RestrictedStockAwardForfeituresDividends
-50 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
126492 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
130711000 USD
us-gaap Net Income Loss
NetIncomeLoss
6950000 USD
us-gaap Net Income Loss
NetIncomeLoss
6950000 USD
whg Return Of Capital
ReturnOfCapital
-20823000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
2486000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4459000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2199000 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
884000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
115728000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
148287 USD
us-gaap Net Income Loss
NetIncomeLoss
-11762000 USD
us-gaap Net Income Loss
NetIncomeLoss
-11762000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1250 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax
4193 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3829 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3829 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5409 USD
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
213 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
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
126492 USD
us-gaap Net Income Loss
NetIncomeLoss
6950000 USD
us-gaap Net Income Loss
NetIncomeLoss
-11762000 USD
us-gaap Depreciation
Depreciation
571000 USD
us-gaap Depreciation
Depreciation
697000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1218000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1293000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-2425000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-1132000 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
4459000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5409000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
477000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-191000 USD
whg Noncashleaseexpense
Noncashleaseexpense
923000 USD
whg Noncashleaseexpense
Noncashleaseexpense
1253000 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 Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3403000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-11191000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
11891000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
335000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3634000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
15000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-246000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1149000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-47000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-430000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3769000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2191000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
492000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1195000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1174000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21060000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7082000 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
114000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92000 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
9630000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-92000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2164000 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 Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1120000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
22125000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
11043000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25173000 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
-72000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1187000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5445000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34173000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18461000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15593000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
506000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1294000 USD
whg Dividends Accrued
DividendsAccrued
2481000 USD
whg Dividends Accrued
DividendsAccrued
1448000 USD
whg Accrued Purchases Of Treasury Stock
AccruedPurchasesOfTreasuryStock
36000 USD
whg Accrued Purchases Of Treasury Stock
AccruedPurchasesOfTreasuryStock
0 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>
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17860000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15454000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53663000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
47998000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17860000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15454000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53663000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
47998000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2021Q3 whg Revenue From External Sources
RevenueFromExternalSources
17963000 USD
CY2021Q3 whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
CY2021Q3 whg Otherrevenue
Otherrevenue
-103000 USD
CY2021Q3 us-gaap Revenues
Revenues
17860000 USD
CY2021Q3 us-gaap Assets
Assets
135262000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
16401000 USD
CY2019Q1 us-gaap Long Term Investments
LongTermInvestments
300000 USD
CY2020Q3 whg Revenue From External Sources
RevenueFromExternalSources
15384000 USD
CY2020Q3 whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
CY2020Q3 whg Otherrevenue
Otherrevenue
70000 USD
CY2020Q3 us-gaap Revenues
Revenues
15454000 USD
CY2020Q3 us-gaap Assets
Assets
144384000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
16401000 USD
whg Revenue From External Sources
RevenueFromExternalSources
54038000 USD
whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
whg Otherrevenue
Otherrevenue
-375000 USD
us-gaap Revenues
Revenues
53663000 USD
whg Revenue From External Sources
RevenueFromExternalSources
48157000 USD
whg Net Intersegment Revenues
NetIntersegmentRevenues
0 USD
us-gaap Investment Income Net
InvestmentIncomeNet
31000 USD
whg Otherrevenue
Otherrevenue
-190000 USD
us-gaap Revenues
Revenues
47998000 USD
CY2018Q2 us-gaap Long Term Investments
LongTermInvestments
5400000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2800000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
8300000 USD
whg Investmentscarriedatfairvalueunrealizedgain
Investmentscarriedatfairvalueunrealizedgain
700000 USD
whg Investmentscarriedatfairvalueunrealizedloss
Investmentscarriedatfairvalueunrealizedloss
-700000 USD
CY2021Q3 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
58477000 USD
us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
148000 USD
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
531000 USD
CY2021Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
58094000 USD
CY2021Q3 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
62162000 USD
whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
815000 USD
whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
698000 USD
CY2021Q3 us-gaap Trading Securities
TradingSecurities
62279000 USD
CY2020Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
69628000 USD
us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
99000 USD
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
185000 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
whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
110000 USD
whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
339000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
73069000 USD
CY2021Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
58094000 USD
CY2021Q3 us-gaap Trading Securities
TradingSecurities
62279000 USD
CY2020Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
69542000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
73069000 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
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
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-13000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-73000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
643000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-734000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1879000 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4074000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3241000 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4074000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3241000 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4100000 USD
CY2021Q3 whg Unobservable Input Book Value Multiple Minimum
UnobservableInputBookValueMultipleMinimum
1.42
CY2021Q3 whg Unobservable Input Book Value Multiple Maximum
UnobservableInputBookValueMultipleMaximum
2.22 USD
CY2021Q3 whg Unobservable Input Book Value Multiple Weighted Average
UnobservableInputBookValueMultipleWeightedAverage
1.50 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-10289000 USD
us-gaap Net Income Loss
NetIncomeLoss
6950000 USD
us-gaap Net Income Loss
NetIncomeLoss
-11762000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7887259 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7829478 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7886359 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8040417 shares
CY2021Q3 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
68822 shares
CY2020Q3 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
47501 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7956081 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7829478 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7933860 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8040417 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
25502 shares
CY2021Q3 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
500000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.46
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.46
CY2021Q1 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
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
20000 USD
CY2017Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 USD
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10 USD
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.57
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
13000000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
136859 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.07
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
2200000 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
CY2021Q3 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
5500000 USD
CY2020Q3 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
4200000 USD
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
15800000 USD
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
14400000 USD
CY2021Q3 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
13800000000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
100000 USD

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