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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Advisory revenues $ 86,769 $ 56,700
Investment revenues 774 229
Total revenues 87,543 56,929
Expenses    
Employee compensation and benefits 49,208 44,050
Occupancy and equipment rental 5,289 4,708
Depreciation and amortization 763 786
Information services 2,317 2,412
Professional fees 2,923 1,610
Travel related expenses 3,305 2,720
Other operating expenses 4,722 (2,350)
Total operating expenses 68,527 53,936
Total operating income 19,016 2,993
Interest expense 5,261 819
Income before taxes 13,755 2,174
Provision for taxes 7,387 2,920
Net income (loss) $ 6,368 $ (746)
Average shares outstanding:    
Basic (shares) 29,754,957 31,904,270
Diluted (shares) 30,198,797 31,904,270
Earnings (loss) per share:    
Basic (usd per share) $ 0.21 $ (0.02)
Diluted (usd per share) 0.21 (0.02)
Dividends declared and paid per share (usd per share) $ 0.05 $ 0.45