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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Investment advisory and services fees $ 515,924 $ 492,348 $ 1,009,912 $ 947,232
Bernstein research services 121,910 118,973 247,956 241,982
Distribution revenues 111,850 110,342 221,034 216,528
Dividend and interest income 5,667 4,678 10,761 8,779
Investment gains (losses) 11,993 828 15,881 1,387
Other revenues 26,023 27,093 51,013 53,773
Total revenues 793,367 754,262 1,556,557 1,469,681
Less: Interest expense 630 614 1,249 1,415
Net revenues 792,737 753,648 1,555,308 1,468,266
Expenses:        
Employee compensation and benefits 337,640 327,472 663,967 634,505
Promotion and servicing:        
Distribution-related payments 102,578 101,968 202,964 200,610
Amortization of deferred sales commissions 12,713 9,326 25,112 18,283
Other 59,182 58,936 114,719 112,581
General and administrative:        
General and administrative 108,092 105,913 215,425 213,400
Real estate (credits) charges (80) (505) (463) 1,437
Contingent payment arrangements 442 320 885 641
Interest on borrowings 736 768 1,590 1,549
Amortization of intangible assets 6,512 6,010 12,973 11,917
Total expenses 627,815 610,208 1,237,172 1,194,923
Operating income 164,922 143,440 318,136 273,343
Income taxes 9,153 7,008 19,623 18,373
Net income 155,769 136,432 298,513 254,970
Net income (loss) of consolidated entities attributable to non-controlling interests 6,675 (3) 7,950 1,810
Net income attributable to AB Unitholders $ 149,094 $ 136,435 $ 290,563 $ 253,160
Net income per AB Unit:        
Basic (in dollars per share) $ 0.54 $ 0.50 $ 1.05 $ 0.93
Diluted (in dollars per share) $ 0.54 $ 0.50 $ 1.05 $ 0.93