v3.25.1
Segment Reporting - Summary of Information About Reported Segment Revenue, Segment Profit or Loss and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 67,667 $ 66,115
Less: cash compensation and benefits, net of one-time expenses (37,080) (37,109)
Less: stock based compensation 6,565 6,715
Less: professional fees, net of one-time expenses (6,515) (3,768)
Less: general, administrative and other, net of one-time expenses (6,825) (6,057)
Net income 4,696 5,243
Deferred Profit Sharing    
Segment Reporting Information [Line Items]    
Less: cash compensation and benefits, net of one-time expenses [1] 1,162 760
Operating Segments    
Segment Reporting Information [Line Items]    
Total revenues 67,667 66,115
Less: cash compensation and benefits, net of one-time expenses (25,633) (25,999)
Less: stock based compensation (6,565) (6,715)
Less: professional fees, net of one-time expenses (3,450) (3,164)
Less: general, administrative and other, net of one-time expenses (5,745) (4,850)
Less: other segment items [2] (19,692) (18,393)
Net income 4,696 5,243
Operating Segments | Deferred Profit Sharing    
Segment Reporting Information [Line Items]    
Less: cash compensation and benefits, net of one-time expenses [3] (1,162) (760)
Operating Segments | Placement Agent Expense    
Segment Reporting Information [Line Items]    
Less: general, administrative and other, net of one-time expenses $ (724) $ (991)
[1] Management profit share represents compensation expense attributable to variable compensation structures tied to the profitability of our business, paid to senior employees.
[2] Other segment items included in net income includes (i) contingent consideration expense, amortization of intangibles, strategic alliance expense, income tax expense, interest expense, net, as well as other income, and (ii) one-time expenses excluded from the significant segment expenses.
[3] Management profit share represents compensation expense attributable to variable compensation structures tied to the profitability of our business, paid to senior employees.