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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Gains from mortgage banking activities $ 290,466 $ 221,983 $ 203,671
Servicing fees 114,757 98,414 90,215
Escrow earnings and other interest income 4,473 4,526 4,008
Other 34,542 18,355 13,700
Total revenues 468,198 360,772 319,039
Expenses      
Personnel 184,590 149,374 133,667
Amortization and depreciation 96,193 79,367 72,876
Amortization of intangible assets 1,980 771 3,079
Provision for credit losses 1,644 2,206 1,322
Interest expense on corporate debt 9,918 10,311 3,743
All other 38,507 34,831 37,565
Total expenses 332,832 276,860 252,252
Income from operations before income taxes 135,366 83,912 66,787
Income tax expense 52,771 32,490 25,257
Net income before noncontrolling interests 82,595 51,422 41,530
Net income from noncontrolling interests 467    
Walker & Dunlop net income $ 82,128 $ 51,422 $ 41,530
Basic earnings per share $ 2.76 $ 1.60 $ 1.23
Diluted earnings per share $ 2.65 $ 1.58 $ 1.21
Basic weighted average shares outstanding 29,754 32,210 33,764
Diluted weighted average shares outstanding 30,949 32,624 34,336
Loans Held for Sale      
Revenues      
Warehouse interest income $ 37,675 $ 24,615 $ 17,576
Net warehouse interest income 14,541 11,343 6,214
Loans Held for Investment      
Revenues      
Net warehouse interest income $ 9,419 $ 6,151 $ 1,231