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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Commissions $ 266,221 $ 221,138 $ 203,652
Information and post-trade services 30,660 31,510 25,377
Technology products and services 3,573 6,874 6,331
Investment income 905 543 420
Other 1,739 2,709 2,953
Total revenues 303,098 262,774 238,733
Expenses      
Employee compensation and benefits 83,856 74,995 64,406
Depreciation and amortization 18,542 17,379 14,123
Technology and communications 15,916 17,685 16,037
Professional and consulting fees 13,043 14,375 18,220
Occupancy 4,685 4,381 5,173
Marketing and advertising 6,148 5,769 4,632
General and administrative 13,008 9,654 8,862
Total expenses 155,198 144,238 131,453
Income before income taxes from continuing operations 147,900 118,536 107,280
Provision for income taxes 51,863 43,730 38,717
Net income from continuing operations 96,037 74,806 68,563
Loss from discontinued operations, net of income taxes     (189)
Gain on the sale of discontinued operations, net of tax benefit     7,642
Net income $ 96,037 $ 74,806 $ 76,016
Basic earnings per common share      
Income from continuing operations $ 2.62 $ 2.03 $ 1.86
Income from discontinued operations     0.20
Net income per common share 2.62 2.03 2.06
Diluted earnings per common share      
Income from continuing operations 2.55 1.97 1.81
Income from discontinued operations     0.20
Net income per common share 2.55 1.97 2.01
Cash dividends declared per common share $ 0.80 $ 0.64 $ 0.52
Weighted average shares outstanding      
Basic 36,690 36,930 36,886
Diluted 37,637 37,889 37,888