2023 Q4 Form 10-Q Financial Statement
#000116500223000057 Filed on May 04, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q2 | 2023 Q1 |
---|---|---|---|
Revenue | $23.23M | $21.95M | $22.73M |
YoY Change | 13.56% | 40.65% | 32.01% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $18.13M | $3.999M | $2.726M |
YoY Change | 7.34% | 39.97% | 8.09% |
% of Gross Profit | |||
Research & Development | $2.367M | $2.566M | $2.383M |
YoY Change | 12.5% | 32.61% | 30.29% |
% of Gross Profit | |||
Depreciation & Amortization | $1.202M | $1.212M | $176.0K |
YoY Change | 38.16% | 108.61% | -0.56% |
% of Gross Profit | |||
Operating Expenses | $20.39M | $6.565M | $5.109M |
YoY Change | 7.32% | 37.0% | 17.42% |
Operating Profit | $3.669M | $946.0K | |
YoY Change | -1021.86% | 127.95% | |
Interest Expense | -$18.00K | $235.0K | $172.0K |
YoY Change | -97.78% | 4600.0% | -1175.0% |
% of Operating Profit | 6.41% | 18.18% | |
Other Income/Expense, Net | $365.0K | $239.0K | $372.0K |
YoY Change | 18.12% | 2.14% | 135.44% |
Pretax Income | $3.751M | $4.143M | $1.490M |
YoY Change | -186.97% | -1004.59% | 150.84% |
Income Tax | $1.168M | $1.244M | $776.0K |
% Of Pretax Income | 31.14% | 30.03% | 52.08% |
Net Earnings | $2.583M | $2.895M | $693.0K |
YoY Change | -182.66% | -865.87% | 1286.0% |
Net Earnings / Revenue | 11.12% | 13.19% | 3.05% |
Basic Earnings Per Share | -$0.40 | $0.36 | $0.09 |
Diluted Earnings Per Share | $0.32 | $0.36 | $0.09 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.144M shares | 7.854M shares | |
Diluted Shares Outstanding | 8.131M shares | 7.969M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q2 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $53.10M | $38.12M | $32.35M |
YoY Change | 35.45% | -48.19% | -55.99% |
Cash & Equivalents | $20.42M | $15.23M | $16.75M |
Short-Term Investments | $32.67M | $22.89M | $15.59M |
Other Short-Term Assets | $4.543M | $4.154M | $5.272M |
YoY Change | -2.2% | 116.69% | 119.03% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $14.39M | $13.61M | $15.19M |
Other Receivables | $205.0K | $0.00 | $0.00 |
Total Short-Term Assets | $72.24M | $55.89M | $52.80M |
YoY Change | 24.14% | -34.54% | -38.51% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.117M | $1.718M | $1.876M |
YoY Change | 179.92% | -6.83% | -4.63% |
Goodwill | $39.50M | $39.50M | $39.93M |
YoY Change | 10.55% | 140.85% | 143.45% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $11.77M | $4.180M | $4.228M |
YoY Change | 79.07% | -51.98% | -53.04% |
Other Assets | $1.736M | $918.0K | $957.0K |
YoY Change | 86.87% | 18.91% | 26.42% |
Total Long-Term Assets | $82.93M | $86.22M | $89.00M |
YoY Change | -6.01% | 93.53% | 97.14% |
TOTAL ASSETS | |||
Total Short-Term Assets | $72.24M | $55.89M | $52.80M |
Total Long-Term Assets | $82.93M | $86.22M | $89.00M |
Total Assets | $155.2M | $142.1M | $141.8M |
YoY Change | 5.97% | 9.37% | 8.23% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.130M | $5.780M | $6.715M |
YoY Change | 11.74% | 130.0% | 187.33% |
Accrued Expenses | $10.83M | $6.620M | $4.592M |
YoY Change | 6.22% | 21.87% | 21.55% |
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 | $18.65M | $14.85M | $13.20M |
YoY Change | 5.86% | 53.4% | 49.5% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $14.07M | $12.15M | $16.73M |
YoY Change | -22.93% | 168.6% | 239.56% |
Total Long-Term Liabilities | $16.73M | $12.15M | $16.73M |
YoY Change | 269.72% | 168.6% | 239.56% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.65M | $14.85M | $13.20M |
Total Long-Term Liabilities | $16.73M | $12.15M | $16.73M |
Total Liabilities | $34.77M | $27.01M | $29.93M |
YoY Change | -2.83% | 90.09% | 117.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $4.650M | -$959.0K | -$3.752M |
YoY Change | -209.33% | -164.23% | -218.66% |
Common Stock | $201.7M | $201.0M | $200.6M |
YoY Change | 0.86% | 1.42% | 1.98% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $85.99M | $85.97M | $85.97M |
YoY Change | 1.01% | 2.38% | 4.1% |
Treasury Stock Shares | 1.408M shares | 1.408M shares | |
Shareholders Equity | $120.4M | $114.1M | $110.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $155.2M | $142.1M | $141.8M |
YoY Change | 5.97% | 9.37% | 8.23% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q2 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.583M | $2.895M | $693.0K |
YoY Change | -182.66% | -865.87% | 1286.0% |
Depreciation, Depletion And Amortization | $1.202M | $1.212M | $176.0K |
YoY Change | 38.16% | 108.61% | -0.56% |
Cash From Operating Activities | $4.472M | -$723.0K | -$3.179M |
YoY Change | -87.77% | -121.45% | -136.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $28.00K | $13.00K | $84.00K |
YoY Change | -85.79% | -125.0% | 180.0% |
Acquisitions | -$1.168M | ||
YoY Change | |||
Other Investing Activities | $0.00 | $427.0K | -$1.168M |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$28.00K | $414.0K | -$1.252M |
YoY Change | -99.92% | -896.15% | 4073.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $1.840M | ||
YoY Change | -6.69% | ||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -1.200M | -1.213M | -$2.677M |
YoY Change | 3.27% | -51.4% | -4.32% |
NET CHANGE | |||
Cash From Operating Activities | 4.472M | -723.0K | -$3.179M |
Cash From Investing Activities | -28.00K | 414.0K | -$1.252M |
Cash From Financing Activities | -1.200M | -1.213M | -$2.677M |
Net Change In Cash | 3.244M | -1.522M | -$7.108M |
YoY Change | 133.72% | -284.93% | -219.62% |
FREE CASH FLOW | |||
Cash From Operating Activities | $4.472M | -$723.0K | -$3.179M |
Capital Expenditures | $28.00K | $13.00K | $84.00K |
Free Cash Flow | $4.444M | -$736.0K | -$3.263M |
YoY Change | -87.78% | -121.5% | -137.33% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7144000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6462000 | usd |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16751000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23859000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
13900000 | usd |
CY2023Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
15594000 | usd |
CY2022Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
15342000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
0 | usd |
CY2022Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
446000 | usd |
CY2023Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
5272000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4645000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
1898000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
1762000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4679000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4976000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1876000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1828000 | usd |
CY2023Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
957000 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
929000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
141799000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
146427000 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
6715000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
5678000 | usd |
CY2023Q1 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
1457000 | usd |
CY2023Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3073000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8689000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1519000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1502000 | usd |
CY2023Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
435000 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13199000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
17614000 | usd |
CY2023Q1 | whg |
Dividends Payable Non Current
DividendsPayableNonCurrent
|
515000 | usd |
CY2022Q4 | whg |
Dividends Payable Non Current
DividendsPayableNonCurrent
|
701000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
4374000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
4563000 | usd |
CY2023Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
16730000 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
18165000 | usd |
CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
119000 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
115000 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
200453000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
199914000 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
85965000 | usd |
CY2023Q1 | whg |
Other Revenue Net
OtherRevenueNet
|
108000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
22727000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
17216000 | usd |
CY2023Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
14202000 | usd |
CY2023Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
740000 | usd |
CY2022Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
482000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
946000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
415000 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
0 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
37000 | usd |
CY2022Q1 | us-gaap |
Other Income
OtherIncome
|
158000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1490000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
594000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
776000 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
544000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7853921 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7968504 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7931453 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
110648000 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
177000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1021000 | usd |
CY2023Q1 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
369000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1748000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1380000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-136000 | usd |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
21000 | usd |
CY2023Q1 | whg |
Noncashleaseexpense
Noncashleaseexpense
|
320000 | usd |
CY2022Q1 | whg |
Noncashleaseexpense
Noncashleaseexpense
|
185000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
69000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-47000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-12406000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
657000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1414000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
17000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
141000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-301000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-7221000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
881000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
524000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-445000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-226000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3179000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8770000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
84000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-30000 | usd |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
200000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
837000 | usd |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
626000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1840000 | usd |
CY2022Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1972000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2677000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2798000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-7108000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5942000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23859000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16751000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21148000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
32000 | usd |
CY2023Q1 | whg |
Dividends Accrued
DividendsAccrued
|
1972000 | usd |
CY2022Q1 | whg |
Dividends Accrued
DividendsAccrued
|
2216000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
22727000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
17216000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
22727000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
17216000 | usd |
CY2023Q1 | whg |
Net Intersegment Revenues
NetIntersegmentRevenues
|
0 | usd |
CY2023Q1 | whg |
Otherrevenue
Otherrevenue
|
108000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
22727000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
141799000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
39929000 | usd |
CY2022Q1 | whg |
Revenue From External Sources
RevenueFromExternalSources
|
17505000 | usd |
CY2022Q1 | whg |
Net Intersegment Revenues
NetIntersegmentRevenues
|
0 | usd |
CY2023Q1 | us-gaap |
Trading Securities
TradingSecurities
|
18638000 | usd |
CY2022Q4 | us-gaap |
Trading Securities Debt
TradingSecuritiesDebt
|
15342000 | usd |
CY2022Q4 | us-gaap |
Trading Securities
TradingSecurities
|
18369000 | usd |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
2792000 | usd |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
4369000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
|
0 | usd |
CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
|
-43000 | usd |
CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
4326000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7853921 | shares |
CY2023Q1 | whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
114583 | shares |
CY2022Q1 | whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
66279 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7968504 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7931453 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2022Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2023Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1900000 | usd |
CY2022Q1 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
12202 | shares |
CY2023Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001165002 | |
CY2023Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10314305 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10182583 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8906152 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8904902 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1408152 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1277681 | shares |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.15 | |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.15 | |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y6M | |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
56625 | shares |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
1300000 | usd |
CY2023Q1 | whg |
Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
|
50000 | usd |
CY2022Q4 | whg |
Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
|
79000 | usd |
CY2023Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q1 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2023Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-03-31 | |
CY2023Q1 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023Q1 | dei |
Entity File Number
EntityFileNumber
|
1-31234 | |
CY2023Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
WESTWOOD HOLDINGS GROUP, INC. | |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2023Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
75-2969997 | |
CY2023Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
200 CRESCENT COURT, SUITE 1200 | |
CY2023Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
DALLAS, | |
CY2023Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | |
CY2023Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
75201 | |
CY2023Q1 | dei |
City Area Code
CityAreaCode
|
214 | |
CY2023Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
756-6900 | |
CY2023Q1 | dei |
Security12b Title
Security12bTitle
|
Common stock, par value $0.01 per share | |
CY2023Q1 | dei |
Trading Symbol
TradingSymbol
|
WHG | |
CY2023Q1 | dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | |
CY2023Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023Q1 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2023Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2023Q1 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2023Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
9144197 | shares |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
15185000 | usd |
CY2023Q1 | us-gaap |
Assets Current
AssetsCurrent
|
52802000 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
58192000 | usd |
CY2023Q1 | us-gaap |
Long Term Investments
LongTermInvestments
|
4455000 | usd |
CY2022Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
4455000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4228000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
6574000 | usd |
CY2023Q1 | whg |
Longterm Investments Carriedat Fair Value
LongtermInvestmentsCarriedatFairValue
|
3044000 | usd |
CY2022Q4 | whg |
Longterm Investments Carriedat Fair Value
LongtermInvestmentsCarriedatFairValue
|
3027000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
39929000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
35732000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
27931000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
28952000 | usd |
CY2023Q1 | whg |
Total Long Term Assets
TotalLongTermAssets
|
88997000 | usd |
CY2022Q4 | whg |
Total Long Term Assets
TotalLongTermAssets
|
88235000 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
1745000 | usd |
CY2023Q1 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
11841000 | usd |
CY2022Q4 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
12901000 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
29929000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
35779000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
85128000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3752000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4253000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
110855000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
110648000 | usd |
CY2023Q1 | us-gaap |
Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
|
1015000 | usd |
CY2022Q4 | us-gaap |
Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Members Equity
MembersEquity
|
111870000 | usd |
CY2022Q4 | us-gaap |
Members Equity
MembersEquity
|
110648000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
141799000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
146427000 | usd |
CY2022Q1 | whg |
Other Revenue Net
OtherRevenueNet
|
-289000 | usd |
CY2022Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
10334000 | usd |
CY2023Q1 | whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
732000 | usd |
CY2022Q1 | whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
596000 | usd |
CY2023Q1 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
2383000 | usd |
CY2022Q1 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
1829000 | usd |
CY2023Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
1529000 | usd |
CY2022Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
1520000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1986000 | usd |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2040000 | usd |
CY2023Q1 | us-gaap |
Business Combination Separately Recognized Transactions Expenses And Losses Recognized
BusinessCombinationSeparatelyRecognizedTransactionsExpensesAndLossesRecognized
|
209000 | usd |
CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
21781000 | usd |
CY2022Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
16801000 | usd |
CY2023Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
172000 | usd |
CY2022Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
-16000 | usd |
CY2023Q1 | us-gaap |
Other Income
OtherIncome
|
372000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
714000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
50000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
714000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
50000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
|
21000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
693000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
50000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7865174 | shares |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
693000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
21000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
714000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
994000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
994000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1397000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1748000 | usd |
CY2023Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
837000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
111870000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
117906000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
50000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
50000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | usd |
CY2022Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1250000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1380000 | usd |
CY2022Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
200000 | usd |
CY2022Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
626000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
117260000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
714000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
50000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
176000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
405000 | usd |
CY2022Q1 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
-239000 | usd |
CY2023Q1 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-1060000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
283000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-5612000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-1168000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1252000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15206000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023Q1 | 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., Westwood Advisors, L.L.C. Salient Advisors, LP ("Salient") and its majority-owned subsidiary Broadmark Asset Management LLC ("Broadmark"), (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") and assets under advisement ("AUA"), and fluctuations in financial markets and in the composition of AUM and AUA 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 adviser ("RIA") under the Investment Advisers Act of 1940. Westwood Trust is chartered and regulated by the Texas Department of Banking.</span></div> | |
CY2023Q1 | us-gaap |
Business Combination Step Acquisition Equity Interest In Acquiree Percentage
BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage
|
0.32 | |
CY2023Q1 | whg |
Business Combination Consideration Transferred For Broadmark
BusinessCombinationConsiderationTransferredForBroadmark
|
1200000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.80 | |
CY2023Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
22727000 | usd |
CY2023Q1 | whg |
Business Combination Consideration Transferred For Broadmark
BusinessCombinationConsiderationTransferredForBroadmark
|
1200000 | usd |
CY2023Q1 | us-gaap |
Business Combination Step Acquisition Equity Interest In Acquiree Description
BusinessCombinationStepAcquisitionEquityInterestInAcquireeDescription
|
2.4 million | |
CY2023Q1 | whg |
Payments To Acquire Broadmark Gross
PaymentsToAcquireBroadmarkGross
|
1600000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
1570000 | usd |
CY2023Q1 | us-gaap |
Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
|
-402000 | usd |
CY2023Q1 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
1168000 | usd |
CY2022Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
2417000 | usd |
CY2023Q1 | whg |
Business Combination Acquisition Of Less Than100 Percent Of Broadmark Noncontontrolling Interest
BusinessCombinationAcquisitionOfLessThan100PercentOfBroadmarkNoncontontrollingInterest
|
994000 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
919000 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
382000 | usd |
CY2023Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
4197000 | usd |
CY2022Q4 | us-gaap |
Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
|
1000000 | usd |
CY2023Q1 | us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
1200000 | usd |
CY2023Q1 | us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
100000 | usd |
CY2022Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
18394000 | usd |
CY2023Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
714000 | usd |
CY2022Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
56000 | usd |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023Q1 | whg |
Revenue From External Sources
RevenueFromExternalSources
|
22619000 | usd |
CY2022Q1 | whg |
Otherrevenue
Otherrevenue
|
-289000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
17216000 | usd |
CY2022Q1 | us-gaap |
Assets
Assets
|
131016000 | usd |
CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
16401000 | usd |
CY2023Q1 | us-gaap |
Cost Method Investments
CostMethodInvestments
|
4400000 | usd |
CY2023Q1 | whg |
Long Term Investments Carried At Fair Value Using Nav
LongTermInvestmentsCarriedAtFairValueUsingNAV
|
300000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.475 | |
CY2023Q1 | us-gaap |
Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
|
16088000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
|
206000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
|
700000 | usd |
CY2023Q1 | us-gaap |
Trading Securities Debt
TradingSecuritiesDebt
|
15594000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
|
19828000 | usd |
CY2023Q1 | whg |
Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
|
206000 | usd |
CY2023Q1 | whg |
Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
|
1396000 | usd |
CY2023Q1 | us-gaap |
Trading Securities
TradingSecurities
|
18638000 | usd |
CY2022Q4 | us-gaap |
Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
|
16121000 | usd |
CY2022Q1 | us-gaap |
Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
|
143000 | usd |
CY2022Q1 | us-gaap |
Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
|
922000 | usd |
CY2022Q4 | us-gaap |
Trading Securities Debt
TradingSecuritiesDebt
|
15342000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
|
19861000 | usd |
CY2022Q1 | whg |
Debt Securities Trading And Equity Securities Unrealized Gain
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedGain
|
143000 | usd |
CY2022Q1 | whg |
Debt Securities Trading And Equity Securities Unrealized Loss
DebtSecuritiesTradingAndEquitySecuritiesUnrealizedLoss
|
1635000 | usd |
CY2023Q1 | whg |
Unobservable Input Growth Volatility Minimum
UnobservableInputGrowthVolatilityMinimum
|
true | |
CY2023Q1 | whg |
Unobservable Input Growth Volatility Maximum
UnobservableInputGrowthVolatilityMaximum
|
true | |
CY2022Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
16.39 | |
CY2022Q4 | us-gaap |
Trading Securities
TradingSecurities
|
18369000 | usd |
CY2023Q1 | us-gaap |
Trading Securities Debt
TradingSecuritiesDebt
|
15594000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
2792000 | usd |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
12901000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-1060000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
11841000 | usd |
CY2023Q1 | whg |
Unobservable Input Revenue Retention Discount Rate Minimum
UnobservableInputRevenueRetentionDiscountRateMinimum
|
true | |
CY2023Q1 | whg |
Unobservable Input Revenue Retention Discount Rate Maximum
UnobservableInputRevenueRetentionDiscountRateMaximum
|
true | |
CY2023Q1 | whg |
Unobservable Input Revenue Retention Discount Rate Weighted Average
UnobservableInputRevenueRetentionDiscountRateWeightedAverage
|
true | |
CY2023Q1 | whg |
Unobservable Input Revenue Retention Volatility Minimum
UnobservableInputRevenueRetentionVolatilityMinimum
|
true | |
CY2023Q1 | whg |
Unobservable Input Revenue Retention Volatility Maximum
UnobservableInputRevenueRetentionVolatilityMaximum
|
true | |
CY2023Q1 | whg |
Unobservable Input Revenue Retention Volatility Weighted Average
UnobservableInputRevenueRetentionVolatilityWeightedAverage
|
true | |
CY2023Q1 | whg |
Unobservable Input Growth Discount Rate Minimum
UnobservableInputGrowthDiscountRateMinimum
|
true | |
CY2023Q1 | whg |
Unobservable Input Growth Discount Rate Maximum
UnobservableInputGrowthDiscountRateMaximum
|
true | |
CY2023Q1 | whg |
Unobservable Input Growth Discount Rate Weighted Average
UnobservableInputGrowthDiscountRateWeightedAverage
|
true | |
CY2023Q1 | whg |
Unobservable Input Growth Volatility Weighted Average
UnobservableInputGrowthVolatilityWeightedAverage
|
true | |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
693000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
50000 | usd |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7865174 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
35732000 | usd |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
16401000 | usd |
CY2023Q1 | us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
4197000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
39929000 | usd |
CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
16401000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2022Q1 | us-gaap |
Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
|
200000 | usd |
CY2023Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
8000000.0 | usd |
CY2022Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
5700000 | usd |
CY2023Q1 | us-gaap |
Assets Under Management Carrying Amount
AssetsUnderManagementCarryingAmount
|
14951000000 | usd |