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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenues $ 195,464 $ 168,978
Expenses    
Employee compensation and benefits 48,088 41,194
Depreciation and amortization 11,779 8,067
Technology and communications 10,036 8,161
Professional and consulting fees 9,640 5,675
Occupancy 3,317 3,474
Marketing and advertising 1,204 2,675
Clearing costs 4,694 5,510
General and administrative 3,232 3,133
Total expenses 91,990 77,889
Operating income 103,474 91,089
Other income (expense)    
Investment income 107 1,269
Interest expense (191)  
Other, net (1,589) (656)
Total other income (expense) (1,673) 613
Income before income taxes 101,801 91,702
Provision for income taxes 21,344 16,886
Net income $ 80,457 $ 74,816
Net income per common share    
Basic $ 2.15 $ 2.01
Diluted 2.11 1.96
Cash dividends declared per common share $ 0.66 $ 0.60
Weighted average shares outstanding    
Basic 37,470 37,303
Diluted 38,155 38,075
Commissions [Member]    
Revenues    
Revenues $ 175,838 $ 155,954
Information Services [Member]    
Revenues    
Revenues 9,162 8,642
Post-trade Services [Member]    
Revenues    
Revenues 10,261 4,153
Other [Member]    
Revenues    
Revenues $ 203 $ 229