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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Commissions $ 87,015 $ 86,239 $ 181,037 $ 165,332
Information and post-trade services 8,272 8,586 16,088 16,365
Investment income 840 517 1,587 935
Other 1,187 1,297 2,493 2,580
Total revenues 97,314 96,639 201,205 185,212
Expenses        
Employee compensation and benefits 25,421 25,815 52,822 50,342
Depreciation and amortization 4,790 4,540 9,483 9,221
Technology and communications 4,822 4,277 9,407 8,581
Professional and consulting fees 4,086 4,245 8,365 8,107
Occupancy 1,422 1,225 2,826 2,386
Marketing and advertising 2,782 1,824 4,668 3,602
Clearing costs 1,517 1,953 2,844 3,719
General and administrative 2,901 2,209 5,610 4,333
Total expenses 47,741 46,088 96,025 90,291
Income before income taxes 49,573 50,551 105,180 94,921
Provision for income taxes 11,550 17,425 24,694 32,832
Net income $ 38,023 $ 33,126 $ 80,486 $ 62,089
Net income per common share        
Basic $ 1.03 $ 0.90 $ 2.18 $ 1.69
Diluted 1.00 0.88 2.11 1.65
Cash dividends declared per common share $ 0.33 $ 0.26 $ 0.66 $ 0.52
Weighted average shares outstanding        
Basic 36,853 36,876 36,852 36,826
Diluted 38,077 37,748 38,095 37,710