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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Revenues $ 106,964 $ 96,314 $ 221,678 $ 199,278
Expenses        
Employee compensation and benefits 26,199 25,319 55,033 52,603
Depreciation and amortization 5,790 4,790 11,059 9,483
Technology and communications 5,793 4,822 11,572 9,407
Professional and consulting fees 5,426 4,086 10,483 8,365
Occupancy 3,467 1,422 6,804 2,826
Marketing and advertising 3,535 2,782 5,600 4,668
Clearing costs 2,012 1,517 3,737 2,844
General and administrative 2,708 2,591 5,183 4,939
Total expenses 54,930 47,329 109,471 95,135
Operating income 52,034 48,985 112,207 104,143
Other income (expense)        
Investment income 1,383 840 2,551 1,587
Other, net (207) (252) (535) (550)
Total other income 1,176 588 2,016 1,037
Income before income taxes 53,210 49,573 114,223 105,180
Provision for income taxes 12,723 11,550 25,796 24,694
Net income $ 40,487 $ 38,023 $ 88,427 $ 80,486
Net income per common share        
Basic $ 1.10 $ 1.03 $ 2.39 $ 2.18
Diluted 1.07 1.00 2.33 2.11
Cash dividends declared per common share $ 0.42 $ 0.33 $ 0.84 $ 0.66
Weighted average shares outstanding        
Basic 36,950 36,853 36,952 36,852
Diluted 37,862 38,077 37,874 38,095
Commissions [Member]        
Revenues        
Revenues $ 96,113 $ 87,015 $ 198,885 $ 181,037
Information Services [Member]        
Revenues        
Revenues 6,930 6,497 13,996 12,682
Post-trade Services [Member]        
Revenues        
Revenues 3,620 2,489 8,196 4,945
Other [Member]        
Revenues        
Revenues $ 301 $ 313 $ 601 $ 614