XML 32 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Capital markets services revenue $ 249,460 $ 136,837 $ 72,234
Interest on mortgage notes receivable 3,237 2,087 3,458
Other 1,982 1,048 1,784
Total revenues 254,679 139,972 77,476
Expenses      
Cost of services 143,979 80,050 47,923
Personnel 23,375 16,103 7,144
Occupancy 7,012 7,054 7,573
Travel and entertainment 6,247 3,837 2,841
Supplies, research, and printing 4,452 3,117 2,162
Insurance 1,643 1,776 1,850
Professional fees 3,849 4,088 3,662
Depreciation and amortization 4,627 3,655 3,523
Interest on warehouse line of credit 2,062 1,333 1,979
Other operating 4,061 3,594 2,733
Total expenses 201,307 124,607 81,390
Operating income (loss) 53,372 15,365 (3,914)
Interest and other income, net 14,968 9,487 6,431
Interest expense (29) (64) (419)
(Increase) decrease in payable under the tax receivable agreement (3,890) 813 1,889
Income before taxes 64,421 25,601 3,987
Income tax expense 22,371 8,612 2,208
Net income 42,050 16,989 1,779
Net income attributable to noncontrolling interest 2,031 6,098 2,531
Net income (loss) attributable to controlling interest $ 40,019 $ 10,891 $ (752)
Earnings per share - Basic and Diluted      
Income (loss) available to HFF, Inc. common stockholders - Basic $ 1.12 $ 0.40 $ (0.05)
Weighted average shares outstanding - Basic 35,867,610 26,900,261 16,637,216
Income (loss) available to HFF, Inc. common stockholders --Diluted $ 1.11 $ 0.40 $ (0.05)
Weighted average shares outstanding - Diluted 36,125,173 27,085,646 16,637,967