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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Commissions $ 54,462 $ 51,818 $ 160,766 $ 153,202
Information and post-trade services 7,600 7,125 23,641 18,020
Technology products and services 1,562 1,561 5,585 4,279
Investment income 132 112 416 288
Other 489 517 2,199 2,502
Total revenues 64,245 61,133 192,607 178,291
Expenses        
Employee compensation and benefits 18,589 17,910 55,619 47,638
Depreciation and amortization 4,482 3,460 12,954 10,151
Technology and communications 4,359 4,509 13,300 11,700
Professional and consulting fees 3,514 4,540 10,912 13,278
Occupancy 1,127 1,205 3,318 3,172
Marketing and advertising 1,331 1,195 4,340 3,501
General and administrative 2,575 1,926 7,117 6,370
Total expenses 35,977 34,745 107,560 95,810
Income before income taxes from continuing operations 28,268 26,388 85,047 82,481
Provision for income taxes 10,764 8,129 31,877 29,388
Net income from continuing operations 17,504 18,259 53,170 53,093
(Loss) from discontinued operations, net of income taxes   (46)   (210)
Net income $ 17,504 $ 18,213 $ 53,170 $ 52,883
Basic earnings per common share        
Income from continuing operations $ 0.47 $ 0.49 $ 1.44 $ 1.44
(Loss) from discontinued operations       $ (0.01)
Net income per common share $ 0.47 $ 0.49 $ 1.44 $ 1.43
Diluted earnings per common share        
Income from continuing operations $ 0.46 $ 0.48 $ 1.40 $ 1.41
(Loss) from discontinued operations       $ (0.01)
Net income per common share $ 0.46 $ 0.48 $ 1.40 $ 1.40
Cash dividends declared per common share $ 0.16 $ 0.13 $ 0.48 $ 0.39
Weighted average shares outstanding        
Basic 36,856 36,919 36,997 36,854
Diluted 37,805 37,965 37,947 37,820