XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Advisory revenues $ 291,545 $ 302,833 $ 252,201
Investment Revenues (6,466) (8,840) 26,128
Total revenues 285,079 293,993 278,329
Expenses      
Employee compensation and benefits 151,795 162,578 159,882
Occupancy and equipment rental 17,777 17,457 15,750
Depreciation and amortization 7,240 8,009 5,986
Information services 8,040 7,273 6,805
Professional fees 5,392 5,694 7,329
Travel related expenses 10,981 10,325 10,129
Interest expense 1,016 2,040 2,077
Other operating expenses 12,363 11,947 11,420
Total expenses 214,604 225,323 219,378
Income before taxes 70,475 68,670 58,951
Provision for taxes 28,383 24,086 19,530
Consolidated net income 42,092 44,584 39,421
Less: Net income allocated to noncontrolling interests 0 6 4,895
Net income allocated to common stockholders $ 42,092 $ 44,578 $ 34,526
Average shares outstanding:      
Basic 30,553,460 31,020,894 30,726,628
Diluted 30,561,682 31,034,817 30,776,034
Earnings per share:      
Basic $ 1.38 $ 1.44 $ 1.12
Diluted $ 1.38 $ 1.44 $ 1.12
Dividends declared and paid per share $ 1.80 $ 1.80 $ 1.80