XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Commissions $ 51,818 $ 42,379 $ 153,202 $ 129,971
Information and post-trade services 7,125 1,896 18,020 5,557
Technology products and services 1,561 1,124 4,279 3,553
Investment income 112 251 288 821
Other 517 752 2,502 2,360
Total revenues 61,133 46,402 178,291 142,262
Expenses        
Employee compensation and benefits 17,910 13,380 47,638 41,550
Depreciation and amortization 3,460 1,715 10,151 4,786
Technology and communications 4,509 3,206 11,700 9,041
Professional and consulting fees 4,540 3,006 13,278 8,397
Occupancy 1,205 595 3,172 1,813
Marketing and advertising 1,195 989 3,501 3,996
General and administrative 1,926 2,011 6,370 5,500
Total expenses 34,745 24,902 95,810 75,083
Income before income taxes from continuing operations 26,388 21,500 82,481 67,179
Provision for income taxes 8,129 7,792 29,388 26,322
Net income from continuing operations 18,259 13,708 53,093 40,857
(Loss) from discontinued operations, net of income taxes (46) (226) (210) (1,253)
Net income $ 18,213 $ 13,482 $ 52,883 $ 39,604
Basic earnings per common share        
Income from continuing operations $ 0.49 $ 0.38 $ 1.44 $ 1.12
(Loss) from discontinued operations    $ (0.01) $ (0.01) $ (0.04)
Net income per common share $ 0.49 $ 0.37 $ 1.43 $ 1.08
Diluted earnings per common share        
Income from continuing operations $ 0.48 $ 0.37 $ 1.41 $ 1.08
(Loss) from discontinued operations    $ (0.01) $ (0.01) $ (0.03)
Net income per common share $ 0.48 $ 0.36 $ 1.40 $ 1.05
Cash dividends declared per common share $ 0.13 $ 0.11 $ 0.39 $ 0.33
Weighted average common shares        
Basic 36,919 36,500 36,854 36,521
Diluted 37,965 37,541 37,820 37,892