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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Commissions $ 81,456 $ 65,178 $ 246,788 $ 198,608
Information and post-trade services 7,322 7,671 23,687 22,982
Investment income 534 248 1,469 621
Other 959 1,095 3,539 4,243
Total revenues 90,271 74,192 275,483 226,454
Expenses        
Employee compensation and benefits 23,914 21,002 74,256 62,769
Depreciation and amortization 4,325 4,642 13,546 13,857
Technology and communications 4,245 3,891 12,826 12,196
Professional and consulting fees 4,342 3,210 12,449 9,503
Occupancy 1,220 1,246 3,606 3,470
Marketing and advertising 2,140 1,304 5,742 4,260
General and administrative 3,731 3,544 11,783 9,485
Total expenses 43,917 38,839 134,208 115,540
Income before income taxes 46,354 35,353 141,275 110,914
Provision for income taxes 15,436 12,638 48,268 39,368
Net income $ 30,918 $ 22,715 $ 93,007 $ 71,546
Net income per common share        
Basic $ 0.84 $ 0.62 $ 2.52 $ 1.95
Diluted 0.82 0.60 2.46 1.90
Cash dividends declared per common share $ 0.26 $ 0.20 $ 0.78 $ 0.60
Weighted average shares outstanding        
Basic 36,889 36,681 36,847 36,695
Diluted 37,792 37,643 37,738 37,636