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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Advisory revenues $ 72,962 $ 63,987 $ 134,854 $ 112,442
Investment revenues (losses) 380 (964) 371 (5,850)
Total revenues 73,342 63,023 135,225 106,592
Expenses        
Employee compensation and benefits 39,604 35,135 73,021 63,978
Occupancy and equipment rental 5,482 4,818 10,342 9,132
Depreciation and amortization 921 830 1,642 1,643
Information services 2,192 2,170 4,382 4,199
Professional fees 1,767 1,447 4,159 2,625
Travel related expenses 3,405 3,293 5,659 6,309
Interest expense 789 311 1,067 576
Other operating expenses 3,412 2,495 7,013 5,242
Total expenses 57,572 50,499 107,285 93,704
Income before taxes 15,770 12,524 27,940 12,888
Provision for taxes 6,351 4,470 10,918 4,596
Net income allocated to common stockholders $ 9,419 $ 8,054 $ 17,022 $ 8,292
Average shares outstanding:        
Basic (shares) 30,934,832 29,954,291 30,707,895 30,218,513
Diluted (shares) 31,026,098 29,961,023 30,786,714 30,254,549
Earnings per share:        
Basic (usd per share) $ 0.30 $ 0.27 $ 0.55 $ 0.27
Diluted (usd per share) 0.30 0.27 0.55 0.27
Dividends declared and paid per share (usd per share) $ 0.45 $ 0.45 $ 0.9 $ 0.9