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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Advisory revenues $ 46,983 $ 72,757 $ 211,496 $ 191,160
Investment revenues (2,440) (10,010) (672) 1,594
Total Revenues 44,543 62,747 210,824 192,754
Expenses        
Employee compensation and benefits 27,073 33,290 115,202 102,932
Occupancy and equipment rental 4,672 4,627 13,322 13,370
Depreciation and amortization 861 1,775 3,612 5,463
Information services 2,042 2,103 6,020 6,192
Professional fees 1,297 1,304 4,050 4,038
Travel related expenses 2,879 2,270 9,360 8,359
Interest expense 241 242 769 750
Other operating expenses 2,529 3,158 8,453 9,337
Total expenses 41,594 48,769 160,788 150,441
Income before taxes 2,949 13,978 50,036 42,313
Provision for taxes 1,152 5,389 19,134 15,348
Consolidated net income 1,797 8,589 30,902 26,965
Less: Net income allocated to noncontrolling interests 0 0 0 0
Net income allocated to common stockholders $ 1,797 $ 8,589 $ 30,902 $ 26,965
Average shares outstanding:        
Basic (shares) 29,792,997 30,252,342 30,094,986 30,611,270
Diluted (shares) 29,805,553 30,260,808 30,122,352 30,618,837
Earnings per share:        
Basic (usd per share) $ 0.06 $ 0.28 $ 1.03 $ 0.88
Diluted (usd per share) $ 0.06 $ 0.28 $ 1.03 $ 0.88
Dividends declared and paid per share (usd per share) $ 0.45 $ 0.45 $ 1.35 $ 1.35