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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Investment advisory and services fees $ 1,933,471 $ 1,973,837 $ 1,958,250
Bernstein research services 479,875 493,463 482,538
Distribution revenues 384,405 427,156 444,970
Dividend and interest income 36,702 24,872 22,322
Investment gains (losses) 93,353 3,551 (9,076)
Other revenues 110,096 101,169 108,788
Total revenues 3,037,902 3,024,048 3,007,792
Less: Interest expense 9,123 3,321 2,426
Net revenues 3,028,779 3,020,727 3,005,366
Expenses:      
Employee compensation and benefits 1,229,721 1,267,926 1,265,664
Promotion and servicing:      
Distribution-related payments 371,607 393,033 413,054
Amortization of deferred sales commissions 41,066 49,145 41,508
Trade execution, marketing, T&E and other 208,538 223,415 224,576
General and administrative:      
General and administrative 426,147 431,635 426,960
Real estate charges 17,704 998 52
Contingent payment arrangements (20,245) (5,441) (2,782)
Interest on borrowings 4,765 3,119 2,797
Amortization of intangible assets 26,311 25,798 24,916
Total expenses 2,305,614 2,389,628 2,396,745
Operating income 723,165 631,099 608,621
Income tax 28,319 44,797 44,304
Net income 694,846 586,302 564,317
Net income of consolidated entities attributable to non-controlling interests 21,488 6,375 456
Net income attributable to AB Unitholders $ 673,358 $ 579,927 $ 563,861
Net income per AB Unit:      
Basic (in dollars per share) $ 2.48 $ 2.11 $ 2.07
Diluted (in dollars per share) $ 2.47 $ 2.10 $ 2.07