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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Investment advisory and services fees $ 486,286 $ 496,503 $ 1,496,198 $ 1,443,735
Bernstein research services 127,065 112,147 375,021 354,129
Distribution revenues 105,365 115,513 326,399 332,041
Dividend and interest income 5,459 4,744 16,220 13,523
Investment gains (losses) (10,326) (6,278) 5,555 (4,891)
Other revenues 25,647 27,589 76,660 81,362
Total revenues 739,496 750,218 2,296,053 2,219,899
Less: Interest expense 803 470 2,052 1,885
Net revenues 738,693 749,748 2,294,001 2,218,014
Expenses:        
Employee compensation and benefits 317,560 317,259 981,527 951,764
Promotion and servicing:        
Distribution-related payments 96,690 107,859 299,654 308,469
Amortization of deferred sales commissions 12,359 11,234 37,471 29,517
Other 52,789 54,054 167,508 166,635
General and administrative:        
General and administrative 107,996 107,967 323,421 321,367
Real estate charges (credits) 1,682 (980) 1,219 457
Contingent payment arrangements 443 476 1,328 1,117
Interest on borrowings 712 620 2,302 2,169
Amortization of intangible assets 6,411 6,551 19,384 18,468
Total expenses 596,642 605,040 1,833,814 1,799,963
Operating income 142,051 144,708 460,187 418,051
Income taxes 10,146 9,410 29,769 27,783
Net income 131,905 135,298 430,418 390,268
Net (loss) income of consolidated entities attributable to non-controlling interests (3,071) (4,500) 4,879 (2,690)
Net income attributable to AB Unitholders $ 134,976 $ 139,798 $ 425,539 $ 392,958
Net income per AB Unit:        
Basic (in dollars per unit) $ 0.49 $ 0.51 $ 1.55 $ 1.45
Diluted (in dollars per unit) $ 0.49 $ 0.51 $ 1.54 $ 1.44