XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenues $ 182,229 $ 176,334 $ 368,286 $ 371,798
Expenses        
Employee compensation and benefits 45,435 40,732 93,191 88,820
Depreciation and amortization 15,240 13,097 30,414 24,876
Technology and communications 12,490 10,544 24,682 20,580
Professional and consulting fees 8,920 10,704 18,541 20,344
Occupancy 3,700 3,300 7,087 6,617
Marketing and advertising 2,949 3,128 4,738 4,332
Clearing costs 4,263 4,372 8,838 9,066
General and administrative 4,444 3,280 7,903 6,512
Total expenses 97,441 89,157 195,394 181,147
Operating income 84,788 87,177 172,892 190,651
Other income (expense)        
Investment income 254 107 313 214
Interest expense (337) (171) (510) (362)
Equity in earnings of unconsolidated affiliate 191 0 191 0
Other, net 4,682 (1,060) 7,111 (2,649)
Total other income (expense) 4,790 (1,124) 7,105 (2,797)
Income before income taxes 89,578 86,053 179,997 187,854
Provision for income taxes 22,656 18,765 48,306 40,109
Net income $ 66,922 $ 67,288 $ 131,691 $ 147,745
Net income per common share        
Basic $ 1.78 $ 1.79 $ 3.52 $ 3.94
Diluted 1.78 1.77 3.49 3.87
Cash dividends declared per common share $ 0.70 $ 0.66 $ 1.40 $ 1.32
Weighted average shares outstanding        
Basic 37,529 37,508 37,456 37,489
Diluted 37,608 38,104 37,716 38,129
Commissions [Member]        
Revenues        
Revenues $ 163,463 $ 156,431 $ 329,576 $ 332,269
Information Services [Member]        
Revenues        
Revenues 9,396 9,844 19,205 19,006
Post-trade Services [Member]        
Revenues        
Revenues 9,144 9,848 19,056 20,109
Other [Member]        
Revenues        
Revenues $ 226 $ 211 $ 449 $ 414