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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Commissions $ 86,270 $ 81,456 $ 267,307 $ 246,788
Information and post-trade services 8,372 7,322 24,460 23,687
Investment income 964 534 2,551 1,469
Other 1,095 959 3,588 3,539
Total revenues 96,701 90,271 297,906 275,483
Expenses        
Employee compensation and benefits 25,595 23,914 78,417 74,256
Depreciation and amortization 4,583 4,325 14,066 13,546
Technology and communications 5,035 4,245 14,442 12,826
Professional and consulting fees 5,547 4,342 13,912 12,449
Occupancy 1,795 1,220 4,621 3,606
Marketing and advertising 2,089 2,140 6,757 5,742
Clearing costs 1,476 1,035 4,320 4,754
General and administrative 3,364 2,696 8,974 7,029
Total expenses 49,484 43,917 145,509 134,208
Income before income taxes 47,217 46,354 152,397 141,275
Provision for income taxes 13,087 15,436 37,781 48,268
Net income $ 34,130 $ 30,918 $ 114,616 $ 93,007
Net income per common share        
Basic $ 0.93 $ 0.84 $ 3.11 $ 2.52
Diluted 0.90 0.82 3.01 2.46
Cash dividends declared per common share $ 0.33 $ 0.26 $ 0.99 $ 0.78
Weighted average shares outstanding        
Basic 36,865 36,889 36,856 36,847
Diluted 38,019 37,792 38,069 37,738