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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Commissions $ 102,772 $ 94,022
Information services 7,066 6,185
Post-trade services 4,576 2,456
Other 300 301
Total revenues 114,714 102,964
Expenses    
Employee compensation and benefits 28,834 27,284
Depreciation and amortization 5,269 4,693
Technology and communications 5,779 4,585
Professional and consulting fees 5,057 4,279
Occupancy 3,337 1,404
Marketing and advertising 2,065 1,886
Clearing costs 1,725 1,327
General and administrative 2,475 2,348
Total expenses 54,541 47,806
Operating income 60,173 55,158
Other income (expense)    
Investment income 1,168 747
Other, net (328) (298)
Total other income 840 449
Income before income taxes 61,013 55,607
Provision for income taxes 13,073 13,144
Net income $ 47,940 $ 42,463
Net income per common share    
Basic $ 1.30 $ 1.15
Diluted 1.27 1.11
Cash dividends declared per common share $ 0.42 $ 0.33
Weighted average shares outstanding    
Basic 36,954 36,850
Diluted 37,886 38,112