XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Advisory revenues $ 83,066 $ 45,148 $ 164,513 $ 118,403
Total investment revenues 3,624 2,170 1,767 11,604
Total Revenues 86,690 47,318 166,280 130,007
Expenses        
Employee compensation and benefits 45,946 28,404 88,128 69,641
Occupancy and equipment rental 4,330 4,477 8,650 8,743
Depreciation and amortization 1,024 1,717 2,752 3,688
Information services 1,913 2,205 3,977 4,089
Professional fees 1,639 1,384 2,753 2,735
Travel related expenses 3,237 2,645 6,481 6,089
Interest expense 247 289 528 508
Other operating expenses 2,940 2,673 5,924 6,179
Total expenses 61,276 43,794 119,193 101,672
Income before taxes 25,414 3,524 47,087 28,335
Provision for taxes 9,927 1,282 17,983 9,959
Consolidated net income 15,487 2,242 29,104 18,376
Less: Net income allocated to noncontrolling interests 0 0 0 0
Net income allocated to common stockholders $ 15,487 $ 2,242 $ 29,104 $ 18,376
Average shares outstanding:        
Basic (shares) 29,912,161 30,507,700 30,131,291 30,649,957
Diluted (shares) 29,920,179 30,512,613 30,171,500 30,656,429
Earnings per share:        
Basic (usd per share) $ 0.52 $ 0.07 $ 0.97 $ 0.60
Diluted (usd per share) $ 0.52 $ 0.07 $ 0.96 $ 0.60
Dividends declared and paid per share (usd per share) $ 0.45 $ 0.45 $ 0.9 $ 0.9