2022 Q4 Form 10-Q Financial Statement

#000116500222000090 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $20.46M $15.41M $15.60M
YoY Change 5.49% -13.74% -10.76%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $16.89M $2.517M $2.857M
YoY Change 12.22% 21.54% 18.45%
% of Gross Profit
Research & Development $2.104M $2.170M $1.935M
YoY Change 6.75% 12.03% -14.42%
% of Gross Profit
Depreciation & Amortization $870.0K $543.0K $581.0K
YoY Change 48.72% -6.38% -1.36%
% of Gross Profit
Operating Expenses $19.00M $4.687M $4.792M
YoY Change 11.59% 16.94% 2.55%
Operating Profit -$1.082M -$398.0K
YoY Change -152.94% -151.16%
Interest Expense -$811.0K $104.0K $5.000K
YoY Change -365.03% -20.61% -98.22%
% of Operating Profit
Other Income/Expense, Net $309.0K $206.0K $234.0K
YoY Change 45.75% 4.04% 64.79%
Pretax Income -$4.313M -$1.021M -$458.0K
YoY Change -234.24% -143.26% -132.34%
Income Tax -$1.185M $154.0K -$80.00K
% Of Pretax Income
Net Earnings -$3.125M -$1.175M -$378.0K
YoY Change -211.09% -162.53% -138.97%
Net Earnings / Revenue -15.28% -7.63% -2.42%
Basic Earnings Per Share -$0.40 -$0.15 -$0.05
Diluted Earnings Per Share -$0.40 -$0.15 -$0.05
COMMON SHARES
Basic Shares Outstanding 8.460M shares 7.944M shares
Diluted Shares Outstanding 7.794M shares 7.944M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.20M $74.03M $73.58M
YoY Change -51.14% -3.29% -20.29%
Cash & Equivalents $23.86M $22.47M $21.98M
Short-Term Investments $15.34M $51.56M $51.61M
Other Short-Term Assets $4.645M $2.647M $1.917M
YoY Change 106.81% 8.0% -12.9%
Inventory
Prepaid Expenses
Receivables $13.65M $9.290M $9.290M
Other Receivables $446.0K $569.0K $587.0K
Total Short-Term Assets $58.19M $86.54M $85.38M
YoY Change -38.0% -2.62% -18.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.828M $1.717M $1.844M
YoY Change -13.53% -22.97% -22.81%
Goodwill $35.73M $16.40M $16.40M
YoY Change 117.86% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $6.574M $8.456M $8.704M
YoY Change -26.69% -2.13% 0.59%
Other Assets $929.0K $797.0K $772.0K
YoY Change 46.53% 25.71% 56.59%
Total Long-Term Assets $88.24M $44.45M $44.55M
YoY Change 92.89% -4.19% -6.42%
TOTAL ASSETS
Total Short-Term Assets $58.19M $86.54M $85.38M
Total Long-Term Assets $88.24M $44.45M $44.55M
Total Assets $146.4M $131.0M $129.9M
YoY Change 4.89% -3.16% -14.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.486M $2.876M $2.513M
YoY Change 108.04% 3.64% -21.79%
Accrued Expenses $10.19M $7.384M $5.432M
YoY Change -6.84% -12.48% -8.35%
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 $17.61M $11.99M $9.682M
YoY Change 11.19% -9.86% -18.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.26M $5.494M $4.525M
YoY Change 211.8% -11.91% -20.6%
Total Long-Term Liabilities $4.525M $5.494M $4.525M
YoY Change -22.74% -11.91% -20.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.61M $11.99M $9.682M
Total Long-Term Liabilities $4.525M $5.494M $4.525M
Total Liabilities $35.78M $17.48M $14.21M
YoY Change 64.89% -10.51% -19.22%
SHAREHOLDERS EQUITY
Retained Earnings -$4.253M -$970.0K $1.493M
YoY Change -197.5% -135.03% -15.03%
Common Stock $200.0M $199.7M $198.2M
YoY Change 2.42% 2.94% -7.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $85.13M $85.23M $83.97M
YoY Change 4.13% 5.15% 4.24%
Treasury Stock Shares 1.408M shares 1.408M shares
Shareholders Equity $110.6M $113.5M $115.7M
YoY Change
Total Liabilities & Shareholders Equity $146.4M $131.0M $129.9M
YoY Change 4.89% -3.16% -14.67%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income -$3.125M -$1.175M -$378.0K
YoY Change -211.09% -162.53% -138.97%
Depreciation, Depletion And Amortization $870.0K $543.0K $581.0K
YoY Change 48.72% -6.38% -1.36%
Cash From Operating Activities $36.55M $3.178M $3.371M
YoY Change -2282.15% -85.74% -42.08%
INVESTING ACTIVITIES
Capital Expenditures $197.0K -$41.00K -$52.00K
YoY Change -407.81% 583.33% -46.94%
Acquisitions
YoY Change
Other Investing Activities -$33.80M $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$34.00M -$41.00K -$52.00K
YoY Change 53026.56% 95.24% -41.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.162M -2.642M -2.496M
YoY Change -28.84% -87.4% 69.45%
NET CHANGE
Cash From Operating Activities 36.55M 3.178M 3.371M
Cash From Investing Activities -34.00M -41.00K -52.00K
Cash From Financing Activities -1.162M -2.642M -2.496M
Net Change In Cash 1.388M 495.0K 823.0K
YoY Change -141.16% -61.89% -80.67%
FREE CASH FLOW
Cash From Operating Activities $36.55M $3.178M $3.371M
Capital Expenditures $197.0K -$41.00K -$52.00K
Free Cash Flow $36.35M $3.219M $3.423M
YoY Change -2356.61% -85.56% -42.16%

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7904911 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q2 us-gaap Dividends Common Stock
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1521000 usd
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
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1394000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Stockholders Equity
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970000 usd
CY2021Q2 us-gaap Net Income Loss
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970000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q2 us-gaap Dividends Common Stock
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1375 usd
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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296 usd
CY2021Q2 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Dividends Common Stock
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2901000 usd
us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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626000 usd
CY2022Q2 us-gaap Stockholders Equity
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115718000 usd
CY2020Q4 us-gaap Stockholders Equity
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130711 usd
us-gaap Net Income Loss
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5071000 usd
us-gaap Net Income Loss
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5071000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Dividends Common Stock
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1619 usd
us-gaap Dividends Common Stock
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1619 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3097 usd
us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2021Q2 us-gaap Stockholders Equity
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134676 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
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5071000 usd
us-gaap Depreciation
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352000 usd
us-gaap Depreciation
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us-gaap Amortization Of Intangible Assets
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811000 usd
us-gaap Amortization Of Intangible Assets
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812000 usd
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
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us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
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us-gaap Share Based Compensation
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2901000 usd
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us-gaap Share Based Compensation
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3097000 usd
us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
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us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
5642000 usd
us-gaap Increase Decrease In Accounts Receivable
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IncreaseDecreaseInOtherCurrentAssets
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us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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1585000 usd
us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Accrued Taxes Payable
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2899000 usd
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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12141000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Proceeds From Sale Of Productive Assets
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501000 usd
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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93000 usd
us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
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15000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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9651000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1404000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1700000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
626000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
884000 usd
us-gaap Payments Of Dividends
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3264000 usd
us-gaap Payments Of Dividends
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1619000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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-5294000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4000 usd
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
13000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6769000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4231000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15206000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13016000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21975000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17247000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1791000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
447000 usd
whg Dividends Accrued
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2214000 usd
whg Dividends Accrued
DividendsAccrued
1364000 usd
whg Accrued Purchases Of Treasury Stock
AccruedPurchasesOfTreasuryStock
190000 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”) and Westwood Trust.</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. 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>
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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35000000 usd
CY2022Q2 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCosts
25000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15603000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17484000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32819000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35803000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15603000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17484000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32819000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35803000 usd
us-gaap Number Of Reportable Segments
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2 segment
CY2022Q2 whg Revenue From External Sources
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16345000 usd
us-gaap Unrealized Loss On Securities
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700000 usd
CY2022Q2 whg Net Intersegment Revenues
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0 usd
CY2022Q2 whg Otherrevenue
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CY2022Q2 us-gaap Revenues
Revenues
15603000 usd
CY2022Q2 us-gaap Assets
Assets
129925000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
16401000 usd
CY2021Q2 whg Revenue From External Sources
RevenueFromExternalSources
17601000 usd
CY2021Q2 whg Net Intersegment Revenues
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0 usd
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CY2021Q2 us-gaap Revenues
Revenues
17484000 usd
CY2021Q2 us-gaap Assets
Assets
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Goodwill
16401000 usd
whg Revenue From External Sources
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33850000 usd
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us-gaap Revenues
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32819000 usd
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36075000 usd
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us-gaap Revenues
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35803000 usd
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5400000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Investments
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2800000 usd
CY2022Q1 us-gaap Realized Investment Gains Losses
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8300000 usd
CY2022Q2 us-gaap Cost Method Investments
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4400000 usd
us-gaap Unrealized Gain On Securities
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CY2021Q2 us-gaap Unrealized Gain On Securities
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200000 usd
CY2019Q1 us-gaap Long Term Investments
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300000 usd
CY2022Q2 us-gaap Trading Securities Debt Amortized Cost
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52788000 usd
us-gaap Debt Securities Trading Unrealized Gain
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0 usd
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
1182000 usd
CY2022Q2 us-gaap Trading Securities Debt
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51606000 usd
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56473000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4000000 usd
whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
604000 usd
whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
1222000 usd
CY2022Q2 us-gaap Trading Securities
TradingSecurities
55855000 usd
CY2021Q4 us-gaap Trading Securities Debt Amortized Cost
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65158000 usd
CY2022Q1 us-gaap Debt Securities Trading Unrealized Gain
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364000 usd
CY2022Q1 us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
498000 usd
CY2021Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
65024000 usd
CY2021Q4 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
68843000 usd
CY2022Q1 whg Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
1313000 usd
CY2022Q1 whg Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
619000 usd
CY2021Q4 us-gaap Trading Securities
TradingSecurities
69537000 usd
CY2022Q2 us-gaap Trading Securities Debt
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51606000 usd
CY2022Q2 us-gaap Trading Securities
TradingSecurities
55855000 usd
CY2021Q4 us-gaap Trading Securities Debt
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65024000 usd
CY2021Q4 us-gaap Trading Securities
TradingSecurities
69537000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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4326000 usd
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3872000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4369000 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3431000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
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CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
215000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
656000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4024000 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4087000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4024000 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4087000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7885901 shares
CY2022Q2 whg Unobservable Input Book Value Multiple Minimum
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1.37
CY2022Q2 whg Unobservable Input Book Value Multiple Maximum
UnobservableInputBookValueMultipleMaximum
1.86 usd
CY2022Q2 whg Unobservable Input Book Value Multiple Weighted Average
UnobservableInputBookValueMultipleWeightedAverage
1.46 usd
CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
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970000 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
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5071000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7944212 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7884771 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7904911 shares
CY2022Q2 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
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0 shares
CY2021Q2 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
43335 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
0 shares
whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
36841 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7944212 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7928106 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7904911 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7922742 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
800000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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3200000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
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57984 shares
CY2022Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
14.29
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
18866 shares
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
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70186 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
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14.65
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
1000000 usd
us-gaap Stock Repurchased And Retired During Period Shares
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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
CY2022Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
35891 shares
CY2022Q2 whg Share Repurchase Open Market Average Price
ShareRepurchaseOpenMarketAveragePrice
15.75 usd
CY2022Q2 whg Share Repurchase Open Market
ShareRepurchaseOpenMarket
600000 usd
CY2022Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
5100000 usd
CY2021Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
5400000 usd
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
10800000 usd
us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
10300000 usd
CY2022Q2 us-gaap Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
12135000000 usd

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