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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Investment advisory and services fees $ 451,413 $ 493,988
Bernstein research services 126,465 126,046
Distribution revenues 92,692 109,184
Dividend and interest income 7,370 5,094
Investment gains (losses) 65,650 3,888
Other revenues 27,611 24,990
Total revenues 771,201 763,190
Less: Interest expense 2,075 619
Net revenues 769,126 762,571
Expenses:    
Employee compensation and benefits 302,011 326,327
Promotion and servicing:    
Distribution-related payments 87,127 100,386
Amortization of deferred sales commissions 11,242 12,399
Other 54,201 55,537
General and administrative:    
General and administrative 105,923 107,333
Real estate charges (credits) 27,586 (383)
Contingent payment arrangements 353 443
Interest on borrowings 1,232 854
Amortization of intangible assets 6,409 6,461
Total expenses 596,084 609,357
Operating income 173,042 153,214
Income taxes 9,864 10,470
Net income 163,178 142,744
Net (loss) income of consolidated entities attributable to non-controlling interests (5,748) 1,275
Net income attributable to AB Unitholders $ 168,926 $ 141,469
Net income per AB Unit:    
Basic (in dollars per unit) $ 0.62 $ 0.51
Diluted (in dollars per unit) $ 0.61 $ 0.51