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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Advisory revenues $ 67,038 $ 90,265 $ 123,738 $ 156,818
Investment revenues 231 220 460 532
Total revenues 67,269 90,485 124,198 157,350
Expenses        
Employee compensation and benefits 38,843 44,110 82,893 88,616
Occupancy and equipment rental 5,290 4,879 9,998 9,550
Depreciation and amortization 760 791 1,546 1,639
Information services 2,222 2,140 4,634 4,510
Professional fees 2,001 1,749 3,611 3,258
Travel related expenses 3,494 2,958 6,214 5,774
Interest expense 789 802 1,608 1,548
Other operating expenses 4,294 3,191 1,944 6,132
Total expenses 57,693 60,620 112,448 121,027
Income before taxes 9,576 29,865 11,750 36,323
Provision for taxes 3,331 10,237 6,251 12,338
Net income allocated to common stockholders $ 6,245 $ 19,628 $ 5,499 $ 23,985
Average shares outstanding:        
Basic (shares) 31,933,830 31,712,959 32,151,409 31,898,939
Diluted (shares) 31,977,479 31,712,959 32,251,500 31,898,939
Earnings per share:        
Basic (usd per share) $ 0.20 $ 0.62 $ 0.17 $ 0.75
Diluted (usd per share) 0.20 0.62 0.17 0.75
Dividends declared and paid per share (usd per share) $ 0.45 $ 0.45 $ 0.9 $ 0.9