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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenues $ 203,169 $ 186,057
Expenses    
Employee compensation and benefits 52,315 47,756
Depreciation and amortization 16,461 15,174
Technology and communications 14,999 12,192
Professional and consulting fees 7,127 9,621
Occupancy 3,611 3,387
Marketing and advertising 2,995 1,789
Clearing costs 4,545 4,575
General and administrative 5,760 3,459
Total expenses 107,813 97,953
Operating income 95,356 88,104
Other income (expense)    
Interest income 4,249 59
Interest expense (130) (173)
Equity in earnings of unconsolidated affiliate 204 0
Other, net (1,484) 2,429
Total other income (expense) 2,839 2,315
Income before income taxes 98,195 90,419
Provision for income taxes 24,567 25,650
Net income $ 73,628 $ 64,769
Net income per common share    
Basic $ 1.96 $ 1.73
Diluted 1.96 1.71
Cash dividends declared per common share $ 0.72 $ 0.70
Weighted average shares outstanding    
Basic 37,478 37,384
Diluted 37,645 37,824
Commissions [Member]    
Revenues    
Revenues $ 181,991 $ 166,113
Information Services [Member]    
Revenues    
Revenues 11,010 9,809
Post-trade Services [Member]    
Revenues    
Revenues 9,980 9,912
Other [Member]    
Revenues    
Revenues $ 188 $ 223