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Condensed Consolidated Statement of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating Revenues:        
Transaction fees $ 97,932 $ 106,094 $ 210,722 $ 205,239
Access fees 14,875 15,026 30,107 30,680
Exchange services and other fees 9,676 9,315 19,168 18,403
Market data fees 7,815 5,729 14,973 11,266
Regulatory fees 9,744 10,439 19,601 20,139
Other revenue 3,900 4,169 7,256 7,750
Total Operating Revenues 143,942 150,772 301,827 293,477
Operating Expenses:        
Employee costs 30,306 31,237 63,680 62,074
Depreciation and amortization 9,895 8,622 18,499 16,904
Data processing 4,783 4,545 9,504 9,061
Outside services 7,855 9,633 15,233 20,668
Royalty fees 14,707 14,518 30,609 27,687
Trading volume incentives 1,120 908 2,246 1,921
Travel and promotional expenses 2,446 2,594 4,433 4,658
Facilities costs 1,590 1,247 2,903 2,500
Other expenses 1,524 2,110 2,966 3,216
Total Operating Expenses 74,226 75,414 150,073 148,689
Operating Income 69,716 75,358 151,754 144,788
Other Income/(Expense):        
Investment income 12 18 26 22
Net loss from investment in affiliates (333) (491) (842) (1,217)
Total Other Expense (321) (473) (816) (1,195)
Income Before Income Taxes 69,395 74,885 150,938 143,593
Income tax provision 26,414 28,724 58,933 55,060
Net Income 42,981 46,161 92,005 88,533
Net Income allocated to participating securities (383) (684) (879) (1,268)
Net Income Allocated to Common Stockholders $ 42,598 $ 45,477 $ 91,126 $ 87,265
Net income per share (Note 4):        
Basic (in dollars per share) $ 0.50 $ 0.52 $ 1.06 $ 1.00
Diluted (in dollars per share) $ 0.50 $ 0.52 $ 1.06 $ 1.00
Weighted average shares used in computing income per share:        
Weighted Average Number of Shares Outstanding, Basic 85,831 87,341 86,140 87,307
Weighted Average Number of Shares Outstanding, Diluted (in shares) 85,831 87,341 86,140 87,307