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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Investment advisory and services fees $ 573,598 $ 498,290
Bernstein research services 114,400 112,741
Distribution revenues 108,004 96,554
Dividend and interest income 28,215 14,056
Investment gains (losses) 26,082 25,201
Other revenues 27,028 22,365
Total revenues 877,327 769,207
Less: Interest expense 9,540 4,290
Net revenues 867,787 764,917
Expenses:    
Employee compensation and benefits 343,825 321,748
Promotion and servicing:    
Distribution-related payments 110,154 94,213
Amortization of deferred sales commissions 6,598 9,079
Trade execution, marketing, T&E and other 54,043 50,368
General and administrative:    
General and administrative 121,234 114,221
Real estate credits (264) (2)
Contingent payment arrangements 53 177
Interest on borrowings 2,612 1,868
Amortization of intangible assets 6,861 6,933
Total expenses 645,116 598,605
Operating income 222,671 166,312
Income taxes 15,825 10,057
Net income 206,846 156,255
Net income of consolidated entities attributable to non-controlling interests 22,650 16,318
Net income attributable to AB Unitholders $ 184,196 $ 139,937
Net income per AB Unit:    
Basic (in dollars per unit) $ 0.68 $ 0.52
Diluted (in dollars per unit) $ 0.68 $ 0.51