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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Investment advisory and services fees $ 489,393 $ 486,286 $ 1,417,856 $ 1,496,198
Bernstein research services 110,885 127,065 352,403 375,021
Distribution revenues 97,625 105,365 287,638 326,399
Dividend and interest income 7,876 5,459 22,943 16,220
Investment gains (losses) 17,606 (10,326) 85,469 5,555
Other revenues 26,272 25,647 82,229 76,660
Total revenues 749,657 739,496 2,248,538 2,296,053
Less: Interest expense 2,066 803 6,015 2,052
Net revenues 747,591 738,693 2,242,523 2,294,001
Expenses:        
Employee compensation and benefits 316,737 317,560 927,997 981,527
Promotion and servicing:        
Distribution-related payments 95,844 96,690 276,188 299,654
Amortization of deferred sales commissions 9,787 12,359 31,606 37,471
Other 47,205 52,789 156,763 167,508
General and administrative:        
General and administrative 106,504 107,996 322,184 323,421
Real estate (credits) charges (140) 1,682 24,645 1,219
Contingent payment arrangements (21,129) 443 (20,423) 1,328
Interest on borrowings 1,009 712 3,293 2,302
Amortization of intangible assets 6,465 6,411 19,344 19,384
Total expenses 562,282 596,642 1,741,597 1,833,814
Operating income 185,309 142,051 500,926 460,187
Income taxes 11,578 11,814 37,315 34,775
Net income 173,731 130,237 463,611 425,412
Net income (loss) of consolidated entities attributable to non-controlling interests 15,696 (3,071) 14,791 4,879
Net income attributable to AB Unitholders $ 158,035 $ 133,308 $ 448,820 $ 420,533
Net income per AB Unit:        
Basic (in dollars per unit) $ 0.58 $ 0.49 $ 1.65 $ 1.53
Diluted (in dollars per unit) $ 0.58 $ 0.48 $ 1.64 $ 1.52