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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Advisory revenues $ 50,278 $ 91,669 $ 185,132 $ 204,111
Investment revenues (losses) 354 324 725 (5,526)
Total revenues 50,632 91,993 185,857 198,585
Expenses        
Employee compensation and benefits 30,703 45,996 103,724 109,974
Occupancy and equipment rental 5,559 4,956 15,901 14,088
Depreciation and amortization 894 804 2,536 2,447
Information services 2,332 2,419 6,714 6,618
Professional fees 1,606 1,453 5,765 4,078
Travel related expenses 3,257 2,225 8,916 8,534
Interest expense 666 402 1,733 978
Other operating expenses 4,473 3,106 11,486 8,348
Total expenses 49,490 61,361 156,775 155,065
Income before taxes 1,142 30,632 29,082 43,520
Provision for taxes 458 10,759 11,376 15,355
Net income allocated to common stockholders $ 684 $ 19,873 $ 17,706 $ 28,165
Average shares outstanding:        
Basic (shares) 31,196,845 30,046,450 30,971,658 30,326,050
Diluted (shares) 31,215,999 30,048,128 31,023,713 30,338,516
Earnings per share:        
Basic (usd per share) $ 0.02 $ 0.66 $ 0.57 $ 0.93
Diluted (usd per share) 0.02 0.66 0.57 0.93
Dividends declared and paid per share (usd per share) $ 0.45 $ 0.45 $ 1.35 $ 1.35