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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Advisory revenues $ 237,997 $ 334,787 $ 260,281
Investment revenues 1,185 732 1,279
Total revenues 239,182 335,519 261,560
Operating Expenses      
Employee compensation and benefits 160,201 182,478 147,200
Occupancy and equipment rental 20,713 19,553 21,271
Depreciation and amortization 3,114 3,243 3,433
Information services 9,529 8,920 8,975
Professional fees 8,212 6,851 7,856
Travel related expenses 13,142 11,912 12,580
Other operating expenses 17,371 11,454 14,472
Total operating expenses 232,282 244,411 215,787
Total operating income 6,900 91,108 45,773
Interest expense 7,198 3,227 2,478
Income (loss) before taxes (298) 87,881 43,295
Provision for taxes 26,353 27,119 17,697
Net income allocated to common stockholders $ (26,651) $ 60,762 $ 25,598
Average shares outstanding:      
Basic (shares) 32,074,894 32,042,594 31,197,288
Diluted (shares) 32,074,894 32,074,232 31,200,378
Earnings (loss) per share:      
Basic (usd per share) $ (0.83) $ 1.90 $ 0.82
Diluted (usd per share) (0.83) 1.89 0.82
Dividends declared and paid per share (usd per share) $ 1.4 $ 1.80 $ 1.80