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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Commissions $ 475,087 $ 415,283
Principal transactions 92,439 69,768
Real estate management services 46,058 40,602
Fees from related parties 7,070 6,606
Data, software and post-trade 12,317 11,527
Interest income 2,383 1,705
Other revenues 3,682 2,076
Total revenues 639,036 547,567
Expenses:    
Compensation and employee benefits 409,183 346,584
Allocations of net income and grant of exchangeability to limited partnership units and FPUs 32,924 37,054
Total compensation and employee benefits 442,107 383,638
Occupancy and equipment 50,002 42,965
Fees to related parties 6,209 4,567
Professional and consulting fees 15,410 23,281
Communications 30,908 24,937
Selling and promotion 25,598 20,476
Commissions and floor brokerage 9,043 6,278
Interest expense 13,458 15,902
Other expenses 22,811 21,041
Total expenses 615,546 543,085
Other income (losses), net:    
Gain (loss) on divestiture and sale of investments   (215)
Gains (losses) on equity method investments 558 803
Other income (loss) (2,917) 31,200
Total other income (losses), net (2,359) 31,788
Income from operations before income taxes 21,131 36,270
Provision for income taxes 4,840 10,046
Consolidated net income 16,291 26,224
Less: Net income attributable to noncontrolling interest in subsidiaries 2,632 12,169
Net income available to common stockholders 13,659 14,055
Basic earnings per share    
Net income available to common stockholders $ 13,659 $ 14,055
Basic earnings per share $ 0.05 $ 0.06
Basic weighted-average shares of common stock outstanding 273,780 222,019
Fully diluted earnings per share    
Net income for fully diluted shares $ 22,203 $ 20,741
Fully diluted earnings per share $ 0.05 $ 0.06
Fully diluted weighted-average shares of common stock outstanding 434,855 338,484
Dividends declared per share of common stock $ 0.14 $ 0.12
Dividends declared and paid per share of common stock $ 0.14 $ 0.12