2013 Q4 Form 10-K Financial Statement

#000156459014000450 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $25.25M $91.83M $20.62M
YoY Change 22.44% 3181.81% 21.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $15.49M $6.518M $14.08M
YoY Change 10.01% 15.38% 38.45%
% of Gross Profit
Research & Development $860.0K $2.882M $680.0K
YoY Change 26.47% 12.8% 23.64%
% of Gross Profit
Depreciation & Amortization $210.0K $410.0K $190.0K
YoY Change 10.53% 17.48% -9.52%
% of Gross Profit
Operating Expenses $16.35M $63.64M $14.77M
YoY Change 10.7% 10.73% 37.78%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.900M $28.19M $5.859M
YoY Change 51.9% 40.78% -6.7%
Income Tax $3.140M $10.35M $2.260M
% Of Pretax Income 35.28% 36.71% 38.57%
Net Earnings $5.763M $17.84M $3.603M
YoY Change 59.95% 47.58% -12.55%
Net Earnings / Revenue 22.82% 19.42% 17.47%
Basic Earnings Per Share $0.78 $2.43 $0.50
Diluted Earnings Per Share $0.75 $2.32 $0.49
COMMON SHARES
Basic Shares Outstanding 7.332M shares
Diluted Shares Outstanding 7.693M shares

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.40M $75.40M $63.70M
YoY Change 18.37% 18.37% 5.99%
Cash & Equivalents $10.86M $10.90M $3.817M
Short-Term Investments $64.60M $64.60M $59.90M
Other Short-Term Assets $2.521M $6.300M $1.365M
YoY Change 84.69% 34.04% -70.33%
Inventory
Prepaid Expenses
Receivables $14.47M $14.50M $8.920M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $96.22M $96.20M $77.37M
YoY Change 24.36% 24.29% 6.72%
LONG-TERM ASSETS
Property, Plant & Equipment $2.746M $2.700M $2.145M
YoY Change 28.02% 28.57% -2.5%
Goodwill $11.26M $11.26M
YoY Change 0.0% 0.0%
Intangibles $3.789M $4.149M
YoY Change -8.68%
Long-Term Investments
YoY Change
Other Assets $2.000M $2.000M $1.700M
YoY Change 17.65% 17.65%
Total Long-Term Assets $19.83M $19.90M $19.25M
YoY Change 3.03% 3.65% 6.34%
TOTAL ASSETS
Total Short-Term Assets $96.22M $96.20M $77.37M
Total Long-Term Assets $19.83M $19.90M $19.25M
Total Assets $116.1M $116.1M $96.62M
YoY Change 20.11% 20.19% 6.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.100M $2.100M $1.600M
YoY Change 31.25% 31.25% -5.88%
Accrued Expenses $17.80M $17.80M $14.50M
YoY Change 22.76% 22.76% 14.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.85M $24.90M $18.83M
YoY Change 32.01% 32.45% 7.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.500M $2.500M $1.200M
YoY Change 108.33% 108.33% -7.69%
Total Long-Term Liabilities $2.534M $2.500M $1.238M
YoY Change 104.68% 108.33% -4.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.85M $24.90M $18.83M
Total Long-Term Liabilities $2.534M $2.500M $1.238M
Total Liabilities $27.39M $27.40M $20.06M
YoY Change 36.5% 36.32% 1.33%
SHAREHOLDERS EQUITY
Retained Earnings $8.148M $3.600M
YoY Change 126.33%
Common Stock $103.9M $91.39M
YoY Change 13.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.17M $18.50M
YoY Change 25.22%
Treasury Stock Shares $602.2K $495.6K
Shareholders Equity $88.66M $88.70M $76.55M
YoY Change
Total Liabilities & Shareholders Equity $116.1M $116.1M $96.62M
YoY Change 20.12% 20.19% 6.64%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $5.763M $17.84M $3.603M
YoY Change 59.95% 47.58% -12.55%
Depreciation, Depletion And Amortization $210.0K $410.0K $190.0K
YoY Change 10.53% 17.48% -9.52%
Cash From Operating Activities $2.480M $21.71M $4.340M
YoY Change -42.86% 57.53% 2.6%
INVESTING ACTIVITIES
Capital Expenditures -$550.0K $1.201M -$20.00K
YoY Change 2650.0% 354.92% -94.12%
Acquisitions $0.00
YoY Change
Other Investing Activities $950.0K
YoY Change -217.28%
Cash From Investing Activities -$550.0K -$1.201M $930.0K
YoY Change -159.14% -173.41% -180.87%
FINANCING ACTIVITIES
Cash Dividend Paid $9.330M
YoY Change -33.27%
Common Stock Issuance & Retirement, Net $878.0K
YoY Change -76.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.980M -13.30M -8.200M
YoY Change -63.66% -21.24% 244.54%
NET CHANGE
Cash From Operating Activities 2.480M 21.71M 4.340M
Cash From Investing Activities -550.0K -1.201M 930.0K
Cash From Financing Activities -2.980M -13.30M -8.200M
Net Change In Cash -1.050M 7.203M -2.930M
YoY Change -64.16% -588.34% -518.57%
FREE CASH FLOW
Cash From Operating Activities $2.480M $21.71M $4.340M
Capital Expenditures -$550.0K $1.201M -$20.00K
Free Cash Flow $3.030M $20.51M $4.360M
YoY Change -30.5% 51.72% -4.6%

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0%;margin-right:0%;text-indent:0%;font-weight:bold;;font-family:Times New Roman;font-size:10pt;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. DESCRIPTION OF THE BUSINESS: </font></p><p style="margin-bottom:0pt;margin-top:6pt;margin-left:0%;margin-right:0%;text-indent:9.06%;font-size:10pt;font-family:Times New Roman;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:9.06%">Westwood Holdings Group, Inc. (&#8220;Westwood&#8221;, &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our&#8221;) was incorporated under the laws of the State of Delaware on December&#160;12, 2001. Westwood manages investment assets and provides services for its clients through its subsidiaries, Westwood Management Corp. (&#8220;Westwood Management&#8221;), Westwood Trust (&#8220;Westwood Trust&#8221;) and Westwood International Advisors Inc. (&#8220;Westwood International&#8221;). Westwood Management provides investment advisory services to corporate retirement plans, public retirement plans, endowments and foundations, mutual funds, individuals and clients of Westwood Trust. Westwood Trust provides institutions and high net worth individuals with trust and custodial services and participation in its sponsored common trust funds. Westwood International provides investment advisory services to corporate retirement plans, public retirement plans, endowments and foundations, mutual funds and other pooled investment vehicles. Revenue is largely dependent on the total value and composition of assets under management (&#8220;AUM&#8221;). Accordingly, fluctuations in financial markets and in the composition of AUM impact revenues and results of operations. </font></p><p style="margin-bottom:0pt;margin-top:12pt;margin-left:0%;margin-right:0%;text-indent:9.06%;font-size:10pt;;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:9.06%">Westwood Management is a registered investment adviser under the Investment Advisers Act of 1940. Westwood Trust is chartered and regulated by the Texas Department of Banking. Westwood International is registered as a portfolio manager and exempt market dealer with the Ontario Securities Commission and the </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Autorit&#233; des march&#233;s financiers (AMF) in Qu&#233;bec. </font></p></div>
CY2013 us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:0%;margin-right:0%;text-indent:0%;font-size:10pt;font-family:Times New Roman;"><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates </font></p><p style="margin-bottom:0pt;margin-top:6pt;margin-left:0%;margin-right:0%;text-indent:9.06%;font-size:10pt;font-family:Times New Roman;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:9.06%">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. We believe the most significant estimates and assumptions are associated with the valuation of deferred taxes, stock-based compensation and impairment assessments of goodwill and intangible assets. Actual results could differ from those estimates. </font></p></div>
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CY2012 us-gaap Investment Income Dividend
InvestmentIncomeDividend
514000
CY2011 us-gaap Investment Income Dividend
InvestmentIncomeDividend
221000
CY2013 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-325000
CY2012 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
344000
CY2011 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-291000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Other Goodwill
BusinessAcquisitionPurchasePriceAllocationOtherGoodwill
6875000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Assembled Workforce Goodwill
BusinessAcquisitionPurchasePriceAllocationAssembledWorkforceGoodwill
491000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Goodwill Amount1
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount1
7366000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Intangible Assets Other Than Goodwill1
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsOtherThanGoodwill1
4223000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Current Assets Cash And Cash Equivalents1
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsCashAndCashEquivalents1
1008000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Current Assets Receivables1
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsReceivables1
370000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Property Plant And Equipment1
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment1
88000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Current Assets Prepaid Expense And Other Assets1
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsPrepaidExpenseAndOtherAssets1
76000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Current Liabilities Bonuses Payable
BusinessAcquisitionPurchasePriceAllocationCurrentLiabilitiesBonusesPayable
753000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Current Asset Unearned Income
BusinessAcquisitionPurchasePriceAllocationCurrentAssetUnearnedIncome
296000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Other Liabilities1
BusinessAcquisitionPurchasePriceAllocationOtherLiabilities1
101000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Net Tangible Assets1
BusinessAcquisitionPurchasePriceAllocationNetTangibleAssets1
392000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5287000
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5287000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1498000
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1138000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3789000
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4149000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
359000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
359000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
359000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
359000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
359000
CY2010Q4 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
5000000
CY2010Q4 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
181461
CY2010Q4 us-gaap Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
12000000
CY2010Q4 whg Business Acquisition Purchase Price Allocation Net Working Capital And Property And Equipment
BusinessAcquisitionPurchasePriceAllocationNetWorkingCapitalAndPropertyAndEquipment
400000
CY2010Q4 whg Business Acquisition Intangible Assets As Percentage Of Purchase Price
BusinessAcquisitionIntangibleAssetsAsPercentageOfPurchasePrice
0.07
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-257000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
30000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
30883000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
26850000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
23109000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2614000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-6824000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9894000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7009000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8088000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
222000
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
580000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
386000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
305000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
353000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-124000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
42000
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-18000
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.367
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.396
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.364
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10683000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9280000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7944000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
602000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
473000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
546000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11285000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9753000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8490000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-210000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-65000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-692000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1811000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-907000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1817000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-67000
CY2013Q4 whg Deferred Tax Assets Restricted Stock Amortization
DeferredTaxAssetsRestrictedStockAmortization
4196000
CY2012Q4 whg Deferred Tax Assets Restricted Stock Amortization
DeferredTaxAssetsRestrictedStockAmortization
3903000
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2244000
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1818000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
204000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
173000
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
97000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
19000
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
6741000
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5913000
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
390000
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
391000
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
449000
CY2012Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
253000
CY2013Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
79000
CY2012Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
211000
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
918000
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
855000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5823000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5058000
CY2013Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
CY2012Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
3782000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
3362000
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
2275000
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
2552000
CY2013Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
234000
CY2012Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
856000
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2011 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
135
CY2013 whg Foreign Operating Loss Carryforwards Limitations On Use Amount
ForeignOperatingLossCarryforwardsLimitationsOnUseAmount
8500000
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2200000
CY2013 whg Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2032
CY2012Q4 us-gaap Minimum Net Capital Required1
MinimumNetCapitalRequired1
1000000
CY2013Q4 us-gaap Excess Capital
ExcessCapital
12000000
CY2013Q4 whg Working Capital Requirement Minimum Amount
WorkingCapitalRequirementMinimumAmount
200000
CY2013Q4 whg Working Capital Amount
WorkingCapitalAmount
4400000
CY2013Q4 whg Working Capital Amount
WorkingCapitalAmount
4200000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11595000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10515000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9969000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4382000
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4230000
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3872000
CY2013 whg Profit Sharing Contribution
ProfitSharingContribution
674000
CY2012 whg Profit Sharing Contribution
ProfitSharingContribution
648000
CY2011 whg Profit Sharing Contribution
ProfitSharingContribution
582000
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
871000
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
744000
CY2011 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
707000
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3898100
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
716000
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
21900000
CY2013Q4 whg Share Based Compensation Arrangement By Share Based Payment Award Shares Withheld To Satisfy Tax Withholding Obligations
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesWithheldToSatisfyTaxWithholdingObligations
86392
CY2013 whg Share Based Compensation Arrangement By Share Based Payment Award Vesting Period Non Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodNonEmployee
P1Y
CY2013Q1 whg Share Pretax Income Goal
SharePretaxIncomeGoal
27000000
CY2013Q1 whg Annual Growth Rate Period
AnnualGrowthRatePeriod
P5Y
CY2013Q1 whg Share Goal Growth Rate
ShareGoalGrowthRate
0.1
CY2008 whg Non Recurring Performance Fee
NonRecurringPerformanceFee
8700000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
5758000
CY2013Q4 us-gaap Share Price
SharePrice
61.91
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2013 whg Percentage Of Deferred Share Units Vesting After Two Years Of Service
PercentageOfDeferredShareUnitsVestingAfterTwoYearsOfService
0.20
CY2013 whg Percentage Of Deferred Share Units Vesting After Three Years Of Service
PercentageOfDeferredShareUnitsVestingAfterThreeYearsOfService
0.40
CY2013 whg Percentage Of Deferred Share Units Vesting After Four Years Of Service
PercentageOfDeferredShareUnitsVestingAfterFourYearsOfService
0.60
CY2013 whg Percentage Of Deferred Share Units Vesting After Five Years Of Service
PercentageOfDeferredShareUnitsVestingAfterFiveYearsOfService
0.80
CY2013Q4 whg Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
1900000
CY2012Q4 whg Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
0
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2013 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
311177
CY2012 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
189269
CY2011 whg Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
204957
CY2011 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
17607
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3134
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
15569
CY2013 whg Number Of Limited Liability Companies In Which Some Clients Hold Their Investments
NumberOfLimitedLiabilityCompaniesInWhichSomeClientsHoldTheirInvestments
10
CY2013 whg Number Of Clients Provided With Investment Advisory Services
NumberOfClientsProvidedWithInvestmentAdvisoryServices
2
CY2013Q2 us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
300000
CY2013Q2 us-gaap Variable Interest Entity Financial Or Other Support Amount
VariableInterestEntityFinancialOrOtherSupportAmount
405750
CY2013 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
36200000
CY2012 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
30300000
CY2011 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
26800000
CY2013 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
10000000
CY2013Q4 whg Litigation Counter Claim For General Damages
LitigationCounterClaimForGeneralDamages
1000000
CY2013Q4 whg Litigation Counter Claim For Special Damages
LitigationCounterClaimForSpecialDamages
10000000
CY2013Q4 whg Litigation Counter Claim For Punitive Damages
LitigationCounterClaimForPunitiveDamages
1000000
CY2013 whg Percentage Of Defense Costs
PercentageOfDefenseCosts
0.5
CY2013Q4 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
254000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1422000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1321000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1342000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1157000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1003000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2924000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
9169000
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1640000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1258000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
979000
CY2013 us-gaap Fees And Commissions
FeesAndCommissions
90955000
CY2013 us-gaap Investment Income Net
InvestmentIncomeNet
569000
CY2013 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
301000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
769000
CY2013 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
62787000
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1201000
CY2012 us-gaap Fees And Commissions
FeesAndCommissions
74156000
CY2012 us-gaap Investment Income Net
InvestmentIncomeNet
541000
CY2012 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2798000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
822000
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
56647000
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
264000
CY2011 us-gaap Fees And Commissions
FeesAndCommissions
68690000
CY2011 us-gaap Investment Income Net
InvestmentIncomeNet
282000
CY2011 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
-63000
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
762000
CY2011 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
45038000
CY2011 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1431000
CY2013 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.137
CY2012 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.126
CY2011 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.143
CY2013Q4 whg Percentage Of Minimum Threshold Limit To Consider As Major Customer
PercentageOfMinimumThresholdLimitToConsiderAsMajorCustomer
0.1
CY2012Q4 whg Percentage Of Minimum Threshold Limit To Consider As Major Customer
PercentageOfMinimumThresholdLimitToConsiderAsMajorCustomer
0.1
CY2011Q4 whg Percentage Of Minimum Threshold Limit To Consider As Major Customer
PercentageOfMinimumThresholdLimitToConsiderAsMajorCustomer
0.1
CY2013Q1 us-gaap Revenues
Revenues
20100000
CY2013Q2 us-gaap Revenues
Revenues
23475000
CY2013Q3 us-gaap Revenues
Revenues
22998000
CY2013Q4 us-gaap Revenues
Revenues
25252000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4719000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7733000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6766000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9051000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
2833000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
4879000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
4319000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
5860000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2012Q1 us-gaap Revenues
Revenues
17864000
CY2012Q2 us-gaap Revenues
Revenues
20066000
CY2012Q3 us-gaap Revenues
Revenues
18941000
CY2012Q4 us-gaap Revenues
Revenues
20624000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6084000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3752000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4331000
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5859000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
3785000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
2198000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
2504000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
3603000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49

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