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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Commissions $ 86,239 $ 66,412 $ 165,332 $ 133,430
Information and post-trade services 8,586 7,632 16,365 15,311
Investment income 517 190 935 373
Other 1,297 1,257 2,580 3,148
Total revenues 96,639 75,491 185,212 152,262
Expenses        
Employee compensation and benefits 25,815 20,593 50,342 41,767
Depreciation and amortization 4,540 4,603 9,221 9,215
Technology and communications 4,277 3,967 8,581 8,305
Professional and consulting fees 4,245 3,011 8,107 6,293
Occupancy 1,225 1,232 2,386 2,224
Marketing and advertising 1,824 1,764 3,602 2,956
General and administrative 4,162 3,262 8,052 5,941
Total expenses 46,088 38,432 90,291 76,701
Income before income taxes 50,551 37,059 94,921 75,561
Provision for income taxes 17,425 12,821 32,832 26,730
Net income $ 33,126 $ 24,238 $ 62,089 $ 48,831
Net income per common share        
Basic $ 0.90 $ 0.66 $ 1.69 $ 1.33
Diluted 0.88 0.64 1.65 1.30
Cash dividends declared per common share $ 0.26 $ 0.20 $ 0.52 $ 0.40
Weighted average shares outstanding        
Basic 36,876 36,699 36,826 36,703
Diluted 37,748 37,642 37,710 37,634