XML 25 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 186,057 $ 195,464
Expenses    
Employee compensation and benefits 47,756 48,088
Depreciation and amortization 15,174 11,779
Technology and communications 12,192 10,036
Professional and consulting fees 9,621 9,640
Occupancy 3,387 3,317
Marketing and advertising 1,789 1,204
Clearing costs 4,575 4,694
General and administrative 3,459 3,232
Total expenses 97,953 91,990
Operating income 88,104 103,474
Other income (expense)    
Investment income 59 107
Interest expense (173) (191)
Other, net 2,429 (1,589)
Total other income (expense) 2,315 (1,673)
Income before income taxes 90,419 101,801
Provision for income taxes 25,650 21,344
Net income $ 64,769 $ 80,457
Net income per common share    
Basic $ 1.73 $ 2.15
Diluted 1.71 2.11
Cash dividends declared per common share $ 0.70 $ 0.66
Weighted average shares outstanding    
Basic 37,384 37,470
Diluted 37,824 38,155
Commissions [Member]    
Revenues    
Revenues $ 166,113 $ 175,838
Information Services [Member]    
Revenues    
Revenues 9,809 9,162
Post-trade Services [Member]    
Revenues    
Revenues 9,912 10,261
Other [Member]    
Revenues    
Revenues $ 223 $ 203