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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Trading income, net $ 186,289 $ 213,930
Interest and dividends income 4,268 5,182
Technology services 2,081 2,416
Total revenue 192,638 221,528
Operating Expenses:    
Brokerage, exchange and clearance fees, net 59,725 61,138
Communication and data processing 17,722 17,943
Employee compensation and payroll taxes 22,557 26,900
Interest and dividends expense 13,537 9,566
Operations and administrative 4,919 8,491
Depreciation and amortization 7,727 9,663
Amortization of purchased intangibles and acquired capitalized software 53 53
Charges related to share-based compensation at IPO 595  
Financing interest expense on senior secured credit facility 7,101 7,602
Total operating expenses 133,936 141,356
Income before income taxes and noncontrolling interest 58,702 80,172
Provision for income taxes 7,346 2,728
Net income 51,356 77,444
Noncontrolling interest (41,008)  
Net income available for common stockholders $ 10,348  
Earnings per share    
Basic (in dollars per share) $ 0.27  
Diluted (in dollars per share) $ 0.26  
Weighted average common shares outstanding    
Basic (in shares) 38,210,209  
Diluted (in shares) 38,489,489  
Comprehensive income    
Net income $ 51,356 77,444
Other comprehensive income (loss)    
Foreign exchange translation adjustment, net of taxes 2,494 (4,633)
Comprehensive income 53,850 $ 72,811
Less: Comprehensive income attributable to non-controlling interests (42,801)  
Comprehensive income attributable to common stockholders $ 11,049