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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Commissions $ 203,652 $ 174,199 $ 155,444
Information and post-trade services 25,377 7,435 7,199
Technology products and services 6,331 4,988 5,085
Investment income 420 1,057 1,228
Other 2,953 3,161 2,918
Total revenues 238,733 190,840 171,874
Expenses      
Employee compensation and benefits 64,406 54,678 52,443
Depreciation and amortization 14,123 6,758 5,206
Technology and communications 16,037 12,523 10,619
Professional and consulting fees 18,220 12,150 9,006
Occupancy 5,173 2,446 2,337
Marketing and advertising 4,632 5,169 4,491
General and administrative 8,862 7,746 6,322
Total expenses 131,453 101,470 90,424
Income before income taxes from continuing operations 107,280 89,370 81,450
Provision for income taxes 38,717 27,586 32,003
Net income from continuing operations 68,563 61,784 49,447
(Loss) from discontinued operations, net of income taxes (189) (1,715) (1,743)
Gain on the sale of discontinued operations, net of tax benefit 7,642    
Net income $ 76,016 $ 60,069 $ 47,704
Basic earnings per common share      
Income from continuing operations $ 1.86 $ 1.69 $ 1.34
Income (loss) from discontinued operations $ 0.20 $ (0.04) $ (0.05)
Net income per common share $ 2.06 $ 1.65 $ 1.29
Diluted earnings per common share      
Income from continuing operations $ 1.81 $ 1.64 $ 1.25
Income (loss) from discontinued operations $ 0.20 $ (0.05) $ (0.05)
Net income per common share $ 2.01 $ 1.59 $ 1.20
Cash dividends declared per common share $ 0.52 $ 1.74 $ 0.36
Weighted average shares outstanding      
Basic 36,886 36,516 37,006
Diluted 37,888 37,816 39,608