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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Commissions $ 324,832 $ 308,438 $ 623,536 $ 579,785
Principal transactions 85,349 83,686 173,346 183,431
Real estate management services 39,823 37,930 79,161 41,891
Fees from related parties 12,242 13,494 25,390 26,041
Market data 3,643 3,990 7,768 8,954
Software solutions 2,530 2,487 5,096 4,936
Interest income 1,651 1,543 3,199 3,738
Other revenues 1,174 622 2,005 831
Gain on divestiture 723,147   723,147  
Losses on equity investments (1,224) (2,652) (4,512) (5,108)
Total revenues 1,193,167 449,538 1,638,136 844,499
Expenses:        
Compensation and employee benefits 765,679 308,029 1,055,071 554,898
Allocations of net income to limited partnership units and founding/working partner units 46,084 1,909 53,522 7,889
Total compensation and employee benefits 811,763 309,938 1,108,593 562,787
Occupancy and equipment 37,340 39,092 76,567 75,321
Fees to related parties 2,286 3,169 5,129 6,688
Professional and consulting fees 11,367 19,515 26,308 38,834
Communications 22,755 21,402 47,096 43,360
Selling and promotion 23,239 23,513 43,554 42,959
Commissions and floor brokerage 6,397 5,833 12,168 11,513
Interest expense 9,989 7,578 19,689 15,136
Other expenses 59,780 15,048 77,084 24,539
Total expenses 984,916 445,088 1,416,188 821,137
Income from operations before income taxes 208,251 4,450 221,948 23,362
Provision for income taxes 78,711 70 81,806 7,272
Consolidated net income 129,540 4,380 140,142 16,090
Less: Net income attributable to noncontrolling interest in subsidiaries 95,074 2,422 98,678 5,943
Net income available to common stockholders 34,466 1,958 41,464 10,147
Basic earnings per share        
Net income available to common stockholders 34,466 1,958 41,464 10,147
Basic earnings per share $ 0.20 $ 0.01 $ 0.25 $ 0.07
Basic weighted-average shares of common stock outstanding 171,758 140,368 167,515 138,257
Fully diluted earnings per share        
Net income for fully diluted shares $ 69,944 $ 3,878 $ 89,485 $ 19,668
Fully diluted earnings per share $ 0.18 $ 0.01 $ 0.24 $ 0.07
Fully diluted weighted-average shares of common stock outstanding 378,092 274,756 367,582 269,482
Dividends declared per share of common stock $ 0.12 $ 0.17 $ 0.24 $ 0.34
Dividends declared and paid per share of common stock $ 0.12 $ 0.17 $ 0.24 $ 0.34