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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 210,318 $ 203,169
Expenses    
Employee compensation and benefits 61,264 52,315
Depreciation and amortization 18,200 16,461
Technology and communications 17,051 14,999
Professional and consulting fees 6,395 7,127
Occupancy 3,425 3,611
Marketing and advertising 1,833 2,995
Clearing costs 4,911 4,545
General and administrative 4,739 5,760
Total expenses 117,818 107,813
Operating income 92,500 95,356
Other income (expense)    
Interest income 5,973 4,249
Interest expense (316) (130)
Equity in earnings of unconsolidated affiliate 370 204
Other, net (1,810) (1,484)
Total other income (expense) 4,217 2,839
Income before income taxes 96,717 98,195
Provision for income taxes 24,102 24,567
Net income $ 72,615 $ 73,628
Net income per common share    
Basic $ 1.92 $ 1.96
Diluted 1.92 1.96
Cash dividends declared per common share $ 0.74 $ 0.72
Weighted average shares outstanding    
Basic 37,740 37,478
Diluted 37,790 37,645
Commissions [Member]    
Revenues    
Revenues $ 184,873 $ 181,991
Information Services [Member]    
Revenues    
Revenues 11,881 11,010
Post-trade Services [Member]    
Revenues    
Revenues 10,730 9,980
Technology Services [Member]    
Revenues    
Revenues $ 2,834 $ 188