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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenue subject to contracts with customers $ 832,568 $ 763,325 $ 1,653,728 $ 1,492,826
Dividend and interest income 21,194 19,348 49,409 33,404
Investment gains (losses) 213 24,113 26,295 49,314
Other revenues 27,264 24,265 54,292 46,630
Total revenues 856,870 808,508 1,734,197 1,577,715
Less: Interest expense 12,132 6,195 21,672 10,485
Net revenues 844,738 802,313 1,712,525 1,567,230
Expenses:        
Employee compensation and benefits 358,248 327,862 702,073 649,610
Promotion and servicing:        
Distribution-related payments 106,301 100,632 216,455 194,845
Amortization of deferred sales commissions 6,113 8,307 12,711 17,386
Trade execution, marketing, T&E and other 59,259 55,359 113,302 105,727
General and administrative:        
General and administrative 108,836 117,462 230,070 231,683
Real estate charges 6,909 20,747 6,645 20,745
Contingent payment arrangements 52 178 105 355
Interest on borrowings 2,629 2,254 5,241 4,122
Amortization of intangible assets 6,927 6,975 13,788 13,908
Total expenses 655,274 639,776 1,300,390 1,238,381
Operating income 189,464 162,537 412,135 328,849
Income taxes 7,538 10,265 23,363 20,322
Net income 181,926 152,272 388,772 308,527
Net income of consolidated entities attributable to non-controlling interests 261 17,169 22,911 33,487
Net income attributable to AB Unitholders $ 181,665 $ 135,103 $ 365,861 $ 275,040
Net income per AB Unit:        
Basic (in dollars per unit) $ 0.66 $ 0.50 $ 1.34 $ 1.01
Diluted (in dollars per unit) $ 0.66 $ 0.50 $ 1.34 $ 1.01
Investment advisory and services fees        
Revenues:        
Revenue subject to contracts with customers $ 596,870 $ 531,163 $ 1,170,468 $ 1,029,453
Bernstein research services        
Revenues:        
Revenue subject to contracts with customers 106,211 109,470 220,611 222,211
Distribution revenues        
Revenues:        
Revenue subject to contracts with customers $ 105,118 $ 100,149 $ 213,122 $ 196,703