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Condensed Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Trading revenue $ 54,084 $ 54,459 $ 93,912 $ 96,518
Other revenue 1,696 730 2,623 1,176
Total non-interest revenue 55,780 55,189 96,535 97,694
Interest revenue 151 103 253 166
Interest expense (341) (585) (816) (1,184)
Total net interest expense (190) (482) (563) (1,018)
Net revenue 55,590 54,707 95,972 96,676
Expenses:        
Employee compensation and benefits 12,200 11,379 23,344 22,597
Selling and marketing 8,954 8,772 19,166 18,478
Trading expenses and commissions 8,431 7,129 15,617 12,270
Bank fees 1,137 1,142 2,123 2,184
Depreciation and amortization 968 860 1,900 1,649
Purchased intangible amortization 1,959   3,656  
Communications and data processing 752 719 1,412 1,470
Occupancy and equipment 1,120 957 2,314 1,919
Bad debt provision 114 113 603 355
Professional fees 1,134 529 1,963 967
Product development, software and maintenance 1,100 855 1,950 1,564
Change in fair value of convertible, redeemable preferred stock embedded derivative   (820)   (60,283)
Other 1,719 1,888 3,686 2,673
Total 39,588 33,523 77,734 5,843
Income before income tax expense 16,002 21,184 18,238 90,833
Income tax expense 5,989 7,389 6,822 11,478
Net income 10,013 13,795 11,416 79,355
Net loss applicable to noncontrolling interest       (402)
Net income applicable to gain capital holdings, inc. 10,013 13,795 11,416 79,757
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustment 340 (257) 863 (848)
Net comprehensive income 10,353 13,538 12,279 78,909
Net income applicable to GAIN Capital Holdings, Inc. common shareholders $ 10,013 $ 13,538 $ 11,416 $ 79,757
Earnings per common share:        
Basic $ 0.29 [1] $ 4.62 [1] $ 0.33 [1] $ 26.79 [1]
Diluted $ 0.26 [1] $ 0.37 [1] $ 0.29 [1] $ 2.17 [1]
Weighted average common shares outstanding used in computing earnings per common share:        
Basic 34,544,643 [1] 2,985,136 [1] 34,156,494 [1] 2,977,209 [1]
Diluted 39,086,435 [1] 36,945,784 [1] 38,978,908 [1] 36,704,088 [1]
[1] (1) In connection with the completion of the Company's initial public offering in December 2010 (the "IPO"), the Company's board of directors approved a 2.29-for-1 stock split of the Company's common stock to be effective immediately prior to the completion of the IPO. The 2.29-for-1 stock split, after giving effect to the receipt by the Company of 407,692 shares of common stock from all of the Company's pre-IPO common stockholders (on a pro-rata basis) in satisfaction of previously outstanding obligations owed by such stockholders to the Company, resulted in an effective stock split of 2.26-for-1. Accordingly, all references to share and per share data have been retroactively restated for the three months and six months ended June 30, 2010 to reflect the effective 2.26-for-1 stock split.