Condensed Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Advisory revenues	$ 48,080	$ 76,487	$ 171,818	$ 233,305
Investment revenues	12	91	472	623
Total revenues	48,092	76,578	172,290	233,928
Expenses
Employee compensation and benefits	37,178	40,746	120,071	129,362
Occupancy and equipment rental	5,300	5,052	15,298	14,602
Depreciation and amortization	777	793	2,323	2,432
Information services	2,459	2,208	7,093	6,718
Professional fees	1,877	1,806	5,488	5,064
Travel related expenses	3,488	3,129	9,702	8,903
Interest expense	873	896	2,481	2,444
Other operating expenses	6,418	2,748	8,362	8,880
Total expenses	58,370	57,378	170,818	178,405
Income (loss) before taxes	(10,278)	19,200	1,472	55,523
Provision (benefit) for taxes	(4,366)	6,090	1,885	18,428
Net income (loss) allocated to common stockholders	$ (5,912)	$ 13,110	$ (413)	$ 37,095
Average shares outstanding:
Basic (shares)	32,280,535	31,686,347	32,371,356	31,953,530
Diluted (shares)	32,280,535	31,693,173	32,371,356	31,960,892
Earnings (loss) per share:
Basic (usd per share)	$ (0.18)	$ 0.41	$ (0.01)	$ 1.16
Diluted (usd per share)	(0.18)	0.41	(0.01)	1.16
Dividends declared and paid per share (usd per share)	$ 0.45	$ 0.45	$ 1.35	$ 1.35