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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Commissions $ 54,315 $ 54,198 $ 106,304 $ 101,384
Information and post-trade services 7,962 7,192 16,041 10,895
Technology products and services 1,987 1,485 4,023 2,718
Investment income 138 44 284 176
Other 562 588 1,710 1,985
Total revenues 64,964 63,507 128,362 117,158
Expenses        
Employee compensation and benefits 18,421 14,712 37,030 29,728
Depreciation and amortization 4,351 4,405 8,472 6,691
Technology and communications 4,449 4,045 8,941 7,191
Professional and consulting fees 3,426 4,435 7,398 8,738
Occupancy 1,102 1,170 2,191 1,967
Marketing and advertising 1,800 1,371 3,009 2,306
General and administrative 2,344 1,947 4,542 4,444
Total expenses 35,893 32,085 71,583 61,065
Income before income taxes from continuing operations 29,071 31,422 56,779 56,093
Provision for income taxes 10,880 12,133 21,113 21,259
Net income from continuing operations 18,191 19,289 35,666 34,834
Income (loss) from discontinued operations, net of income taxes   54   (165)
Net income $ 18,191 $ 19,343 $ 35,666 $ 34,669
Basic earnings per common share        
Income from continuing operations $ 0.49 $ 0.52 $ 0.96 $ 0.94
Income (loss) from discontinued operations            
Net income per common share $ 0.49 $ 0.52 $ 0.96 $ 0.94
Diluted earnings per common share        
Income from continuing operations $ 0.48 $ 0.51 $ 0.94 $ 0.92
Income (loss) from discontinued operations            
Net income per common share $ 0.48 $ 0.51 $ 0.94 $ 0.92
Cash dividends declared per common share $ 0.16 $ 0.13 $ 0.32 $ 0.26
Weighted average shares outstanding        
Basic 37,015 36,868 37,068 36,821
Diluted 37,942 37,819 38,019 37,746