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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Gains from mortgage banking activities $ 96,432 $ 46,323
Servicing fees 41,525 31,649
Net warehouse interest income 6,620 6,731
Escrow earnings and other interest income 3,292 1,640
Other 10,643 7,898
Total revenues 158,512 94,241
Expenses    
Personnel 56,172 34,230
Amortization and depreciation 32,338 25,155
Provision (benefit) for credit losses (132) (409)
Interest expense on corporate debt 2,403 2,469
Other operating expenses 11,608 8,614
Total expenses 102,389 70,059
Income from operations 56,123 24,182
Income tax expense 13,063 8,849
Net income before noncontrolling interests 43,060 15,333
Less: net income (loss) from noncontrolling interests (161) (125)
Walker & Dunlop net income $ 43,221 $ 15,458
Basic earnings per share $ 1.45 $ 0.52
Diluted earnings per share $ 1.35 $ 0.50
Basic weighted average shares outstanding 29,809 29,489
Diluted weighted average shares outstanding 32,006 30,782