XML 20 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Commissions $ 332,307 $ 266,221 $ 221,138
Information and post-trade services 31,225 30,660 31,510
Investment income 2,137 905 543
Other 4,250 5,312 9,583
Total revenues 369,919 303,098 262,774
Expenses      
Employee compensation and benefits 96,785 83,856 74,995
Depreciation and amortization 17,838 18,542 17,379
Technology and communications 17,275 15,916 17,685
Professional and consulting fees 17,175 13,043 14,375
Occupancy 4,681 4,685 4,381
Marketing and advertising 8,934 6,148 5,769
General and administrative 15,629 13,008 9,654
Total expenses 178,317 155,198 144,238
Income before income taxes 191,602 147,900 118,536
Provision for income taxes 65,430 51,863 43,730
Net income $ 126,172 $ 96,037 $ 74,806
Net income per common share      
Basic $ 3.42 $ 2.62 $ 2.03
Diluted 3.34 2.55 1.97
Cash dividends declared per common share $ 1.04 $ 0.80 $ 0.64
Weighted average shares outstanding      
Basic 36,844 36,690 36,930
Diluted 37,738 37,637 37,889