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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Commissions $ 54,198 $ 42,690 $ 101,384 $ 87,592
Information and post-trade services 7,192 1,790 10,895 3,661
Technology products and services 3,537 3,220 6,676 6,128
Investment income 44 268 176 571
Other 588 857 1,985 1,608
Total revenues 65,559 48,825 121,116 99,560
Expenses        
Employee compensation and benefits 15,927 15,305 32,280 31,146
Depreciation and amortization 4,504 1,961 7,073 3,815
Technology and communications 4,099 3,015 7,290 5,970
Professional and consulting fees 4,726 2,837 9,327 5,861
Occupancy 1,287 757 2,219 1,516
Marketing and advertising 1,432 1,732 2,417 3,179
General and administrative 2,073 2,018 4,686 4,125
Total expenses 34,048 27,625 65,292 55,612
Income before income taxes 31,511 21,200 55,824 43,948
Provision for income taxes 12,168 8,571 21,155 17,826
Net income $ 19,343 $ 12,629 $ 34,669 $ 26,122
Net income per common share        
Basic $ 0.52 $ 0.35 $ 0.94 $ 0.72
Diluted $ 0.51 $ 0.34 $ 0.92 $ 0.69
Cash dividends declared per common share $ 0.13 $ 0.11 $ 0.26 $ 0.22
Weighted average common shares        
Basic 36,868 36,128 36,821 36,531
Diluted 37,819 37,440 37,746 38,067