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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Investment advisory and services fees $ 477,050 $ 515,924 $ 928,463 $ 1,009,912
Bernstein research services 115,053 121,910 241,518 247,956
Distribution revenues 97,321 111,850 190,013 221,034
Dividend and interest income 7,697 5,667 15,067 10,761
Investment gains (losses) 2,276 11,993 67,863 15,881
Other revenues 28,283 26,023 55,957 51,013
Total revenues 727,680 793,367 1,498,881 1,556,557
Less: Interest expense 1,874 630 3,949 1,249
Net revenues 725,806 792,737 1,494,932 1,555,308
Expenses:        
Employee compensation and benefits 309,249 337,640 611,260 663,967
Promotion and servicing:        
Distribution-related payments 93,217 102,578 180,344 202,964
Amortization of deferred sales commissions 10,577 12,713 21,819 25,112
Other 55,357 59,182 109,558 114,719
General and administrative:        
General and administrative 109,757 108,092 215,680 215,425
Real estate (credits) charges (2,801) (80) 24,785 (463)
Contingent payment arrangements 353 442 706 885
Interest on borrowings 1,052 736 2,284 1,590
Amortization of intangible assets 6,470 6,512 12,879 12,973
Total expenses 583,231 627,815 1,179,315 1,237,172
Operating income 142,575 164,922 315,617 318,136
Income taxes 10,588 9,153 20,452 19,623
Net income 131,987 155,769 295,165 298,513
Net income (loss) of consolidated entities attributable to non-controlling interests 4,843 6,675 (905) 7,950
Net income attributable to AB Unitholders $ 127,144 $ 149,094 $ 296,070 $ 290,563
Net income per AB Unit:        
Basic (in dollars per unit) $ 0.47 $ 0.54 $ 1.08 $ 1.05
Diluted (in dollars per unit) $ 0.47 $ 0.54 $ 1.08 $ 1.05