XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Commissions $ 174,199 $ 155,444 $ 122,180
Technology products and services 12,351 14,310 13,648
Information and user access fees 7,435 7,199 6,681
Investment income 1,058 1,229 1,192
Other 3,161 2,917 2,527
Total revenues 198,204 181,099 146,228
Expenses      
Employee compensation and benefits 60,361 58,786 56,446
Depreciation and amortization 8,233 6,781 6,350
Technology and communications 12,766 10,912 9,982
Professional and consulting fees 13,081 10,138 8,503
Occupancy 3,012 2,921 2,997
Marketing and advertising 5,470 4,882 3,075
General and administrative 8,595 7,946 7,965
Total expenses 111,518 102,366 95,318
Income before income taxes 86,686 78,733 50,910
Provision for income taxes 26,617 31,029 19,482
Net income $ 60,069 $ 47,704 $ 31,428
Net income per common share      
Basic $ 1.65 $ 1.29 $ 0.86
Diluted $ 1.59 $ 1.20 $ 0.80
Cash dividends declared per common share $ 1.74 $ 0.36 $ 0.28
Weighted average shares outstanding      
Basic 36,516 37,006 33,159
Diluted 37,816 39,608 39,051