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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Gains from mortgage banking activities $ 102,237 $ 102,176 $ 183,746 $ 198,608
Servicing fees 49,317 43,214 97,357 84,739
Net warehouse interest income 2,392 5,800 4,249 12,420
Escrow earnings and other interest income 9,276 4,514 16,624 7,806
Other 14,982 10,703 23,680 21,346
Total revenues 178,204 166,407 325,656 324,919
Expenses        
Personnel 71,426 63,516 126,699 119,688
Amortization and depreciation 35,489 32,860 69,124 65,198
Provision (benefit) for credit losses 800 (93) 323 (225)
Interest expense on corporate debt 2,343 2,443 4,522 4,846
Other operating expenses 15,176 11,599 28,127 23,207
Total expenses 125,234 110,325 228,795 212,714
Income from operations 52,970 56,082 96,861 112,205
Income tax expense 11,937 21,570 19,121 34,633
Net income before noncontrolling interests 41,033 34,512 77,740 77,572
Less: net income (loss) from noncontrolling interests (79) (55) (233) (216)
Walker and Dunlop net income 41,112 34,567 77,973 77,788
Other comprehensive income (loss), net of tax:        
Net change in unrealized gains and losses on pledged available-for-sale securities (53) 8 (180) 8
Walker and Dunlop comprehensive income $ 41,059 $ 34,575 $ 77,793 $ 77,796
Basic earnings per share $ 1.36 $ 1.15 $ 2.59 $ 2.60
Diluted earnings per share 1.28 $ 1.08 2.44 $ 2.43
Cash dividends declared per common share $ 0.25   $ 0.50  
Basic weighted average shares outstanding 30,248 30,131 30,116 29,971
Diluted weighted average shares outstanding 32,154 32,097 32,009 32,067