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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Commissions $ 65,178 $ 54,462 $ 198,608 $ 160,766
Information and post-trade services 7,671 7,600 22,982 23,641
Technology products and services 683 1,562 2,865 5,585
Investment income 248 132 621 416
Other 412 489 1,378 2,199
Total revenues 74,192 64,245 226,454 192,607
Expenses        
Employee compensation and benefits 21,002 18,589 62,769 55,619
Depreciation and amortization 4,642 4,482 13,857 12,954
Technology and communications 3,891 4,359 12,196 13,300
Professional and consulting fees 3,210 3,514 9,503 10,912
Occupancy 1,246 1,127 3,470 3,318
Marketing and advertising 1,304 1,331 4,260 4,340
General and administrative 3,544 2,575 9,485 7,117
Total expenses 38,839 35,977 115,540 107,560
Income before income taxes 35,353 28,268 110,914 85,047
Provision for income taxes 12,638 10,764 39,368 31,877
Net income $ 22,715 $ 17,504 $ 71,546 $ 53,170
Net income per common share        
Basic $ 0.62 $ 0.47 $ 1.95 $ 1.44
Diluted 0.60 0.46 1.90 1.40
Cash dividends declared per common share $ 0.20 $ 0.16 $ 0.60 $ 0.48
Weighted average shares outstanding        
Basic 36,681 36,856 36,695 36,997
Diluted 37,643 37,805 37,636 37,947