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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Commissions $ 94,022 $ 79,093
Information and post-trade services 7,816 7,779
Investment income 747 418
Other 1,306 1,283
Total revenues 103,891 88,573
Expenses    
Employee compensation and benefits 27,401 24,527
Depreciation and amortization 4,693 4,681
Technology and communications 4,585 4,304
Professional and consulting fees 4,279 3,862
Occupancy 1,404 1,161
Marketing and advertising 1,886 1,778
Clearing costs 1,327 1,766
General and administrative 2,709 2,124
Total expenses 48,284 44,203
Income before income taxes 55,607 44,370
Provision for income taxes 13,144 15,407
Net income $ 42,463 $ 28,963
Net income per common share    
Basic $ 1.15 $ 0.79
Diluted 1.11 0.77
Cash dividends declared per common share $ 0.33 $ 0.26
Weighted average shares outstanding    
Basic 36,850 36,775
Diluted 38,112 37,671