XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Gains from mortgage banking activities $ 407,082 $ 439,370 $ 367,185
Servicing fees 200,230 176,352 140,924
Escrow earnings and other interest income 42,985 20,396 9,168
Other 60,918 51,272 34,272
Total revenues 725,246 711,857 575,276
Expenses      
Personnel 297,303 289,277 227,491
Amortization and depreciation 142,134 131,246 111,427
Provision (benefit) for credit losses 808 (243) (612)
Interest expense on corporate debt 10,130 9,745 9,851
Other operating costs 62,021 48,171 41,338
Total expenses 512,396 478,196 389,495
Income from operations 212,850 233,661 185,781
Income tax expense 51,908 21,827 71,470
Net income before noncontrolling interests 160,942 211,834 114,311
Less: net income (loss) from noncontrolling interests (497) 707 414
Walker and Dunlop net income 161,439 211,127 113,897
Other comprehensive income (loss), net of tax:      
Net change in unrealized gains and losses on pledged available-for-sale securities (168) (14) (84)
Walker and Dunlop comprehensive income $ 161,271 $ 211,113 $ 113,813
Basic earnings per share (NOTE 12) $ 5.15 $ 6.72 $ 3.66
Diluted earnings per share (NOTE 12) 4.96 $ 6.47 $ 3.57
Cash dividends declared per common share $ 1.00    
Basic weighted average shares outstanding 30,202 30,176 29,768
Diluted weighted average shares outstanding 31,384 31,386 30,537
Loans Held for Sale      
Revenues      
Net warehouse interest income $ 5,993 $ 15,077 $ 16,245
Loans Held for Investment      
Revenues      
Net warehouse interest income $ 8,038 $ 9,390 $ 7,482