XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Gains from mortgage banking activities $ 81,509 $ 96,432
Servicing fees 48,040 41,525
Net warehouse interest income 1,857 6,620
Escrow earnings and other interest income 7,348 3,292
Other 8,698 10,643
Total revenues 147,452 158,512
Expenses    
Personnel 55,273 56,172
Amortization and depreciation 33,635 32,338
Provision (benefit) for credit losses (477) (132)
Interest expense on corporate debt 2,179 2,403
Other operating expenses 12,951 11,608
Total expenses 103,561 102,389
Income from operations 43,891 56,123
Income tax expense 7,184 13,063
Net income before noncontrolling interests 36,707 43,060
Less: net income (loss) from noncontrolling interests (154) (161)
Walker and Dunlop net income 36,861 43,221
Other comprehensive income (loss), net of tax:    
Net change in unrealized gains and losses on pledged available-for-sale securities (127)  
Walker and Dunlop comprehensive income $ 36,734 $ 43,221
Basic earnings per share $ 1.23 $ 1.45
Diluted earnings per share 1.16 $ 1.35
Cash dividends declared per common share $ 0.25  
Basic weighted average shares outstanding 29,982 29,809
Diluted weighted average shares outstanding 31,865 32,006