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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Commissions $ 355,282 $ 332,307 $ 266,221
Information services 25,807 23,269 22,585
Post-trade services 11,090 10,812 11,648
Investment income 3,619 2,137 905
Other 1,673 1,394 1,739
Total revenues 397,471 369,919 303,098
Expenses      
Employee compensation and benefits 102,751 96,785 83,856
Depreciation and amortization 19,274 17,838 18,542
Technology and communications 20,048 17,275 15,916
Professional and consulting fees 19,367 17,175 13,043
Occupancy 6,125 4,681 4,685
Marketing and advertising 9,762 8,934 6,148
Clearing costs 5,797 6,060 3,313
General and administrative 12,579 9,569 9,695
Total expenses 195,703 178,317 155,198
Income before income taxes 201,768 191,602 147,900
Provision for income taxes 53,679 65,430 51,863
Net income $ 148,089 $ 126,172 $ 96,037
Net income per common share      
Basic $ 4.02 $ 3.42 $ 2.62
Diluted 3.89 3.34 2.55
Cash dividends declared per common share $ 1.32 $ 1.04 $ 0.80
Weighted average shares outstanding      
Basic 36,864 36,844 36,690
Diluted 38,038 37,738 37,637