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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Gains from mortgage banking activities $ 439,370 $ 367,185 $ 290,466
Servicing fees 176,352 140,924 114,757
Escrow earnings and other interest income 20,396 9,168 4,473
Other 51,272 34,272 34,542
Total revenues 711,857 575,276 468,198
Expenses      
Personnel 289,277 227,491 184,590
Amortization and depreciation 131,246 111,427 98,173
Provision (benefit) for credit losses (243) (612) 1,644
Interest expense on corporate debt 9,745 9,851 9,918
Other operating costs 48,171 41,338 38,507
Total expenses 478,196 389,495 332,832
Income from operations 233,661 185,781 135,366
Income tax expense 21,827 71,470 52,771
Net income before noncontrolling interests 211,834 114,311 82,595
Less: net income from noncontrolling interests 707 414 467
Walker and Dunlop net income $ 211,127 $ 113,897 $ 82,128
Basic earnings per share $ 7.03 $ 3.87 $ 2.76
Diluted earnings per share $ 6.56 $ 3.65 $ 2.65
Basic weighted average shares outstanding 30,014 29,432 29,754
Diluted weighted average shares outstanding 32,205 31,172 30,949
Loans Held for Sale      
Revenues      
Net warehouse interest income $ 15,077 $ 16,245 $ 14,541
Loans Held for Investment      
Revenues      
Net warehouse interest income $ 9,390 $ 7,482 $ 9,419