Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

v3.6.0.2
Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

15. Selected Quarterly Financial Data (Unaudited)

The following table summarizes our quarterly financial data which, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of our results of operations (Amounts for the individual quarters when aggregated may not agree to the full year due to rounding, in thousands, except for per share data):

 

     For the Three-Months Ended  
     March 31, 2016     June 30, 2016     Sept. 30, 2016     Dec. 31, 2016  

Total Revenue

   $ 20,483     $ 21,845     $ 19,008     $ 19,862  

Total Expenses

     17,509       19,110       16,951       18,840  
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before equity method investments

     2,974       2,735       2,057       1,022  

Income (loss) from equity method investments

     270       1,076       1,331       3,433  
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 3,244     $ 3,811     $ 3,388     $ 4,455  

Income tax benefit (expense)

     (47     (36     (41     (18
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income

   $ 3,197     $ 3,775     $ 3,347     $ 4,437  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income attributable to controlling shareholders

   $ 3,169     $ 3,747     $ 3,329     $ 4,408  
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted earnings per common share

   $ 0.07     $ 0.09     $ 0.07     $ 0.09  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     For the Three-Months Ended  
     March 31, 2015     June 30, 2015     Sept. 30, 2015     Dec. 31, 2015  

Total Revenue

   $ 13,908     $ 13,531     $ 15,043     $ 16,196  

Total Expenses

     11,731       11,676       13,064       13,957  
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before equity method investments

     2,177       1,855       1,979       2,239  

Income (loss) from equity method investments

     (53     (295     187       63  
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 2,124     $ 1,560     $ 2,166     $ 2,302  

Income tax benefit (expense)

     23       (76     (24     (41
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income

   $ 2,147     $ 1,484     $ 2,142     $ 2,261  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Income attributable to controlling shareholders

   $ 2,122     $ 1,470     $ 2,119     $ 2,247  
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted earnings per common share

   $ 0.07     $ 0.04     $ 0.06     $ 0.05