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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Trading income, net $ 166,547 $ 169,792 $ 352,836 $ 383,722
Interest and dividends income 5,422 9,415 9,690 14,597
Technology services 2,212 2,772 4,293 5,188
Total revenue 174,181 181,979 366,819 403,507
Operating Expenses:        
Brokerage, exchange and clearance fees, net 55,573 56,501 115,298 117,639
Communication and data processing 17,953 17,549 35,675 35,492
Employee compensation and payroll taxes 20,809 15,165 43,366 42,065
Interest and dividends expense 14,097 16,841 27,634 26,407
Operations and administrative 5,891 6,669 10,810 15,160
Depreciation and amortization 7,800 8,186 15,527 17,849
Amortization of purchased intangibles and acquired capitalized software 53 53 106 106
Charges related to share-based compensation at IPO 516 44,194 1,111 44,194
Financing interest expense on senior secured credit facility 7,075 7,259 14,176 14,861
Total operating expenses 129,767 172,417 263,703 313,773
Income before income taxes and noncontrolling interest 44,414 9,562 103,116 89,734
Provision for income taxes 5,128 1,997 12,474 4,725
Net income 39,286 7,565 90,642 85,009
Noncontrolling interest (30,908) (7,091) (71,916) (84,535)
Net income available for common stockholders $ 8,378 $ 474 $ 18,726 $ 474
Earnings per share        
Basic (in dollars per share) $ 0.21 $ 0.01 $ 0.48 $ 0.01
Diluted (in dollars per share) $ 0.21 $ 0.01 $ 0.48 $ 0.01
Weighted average common shares outstanding        
Basic (in shares) 38,230,684 34,305,052 38,220,390 34,305,052
Diluted (in shares) 38,230,684 34,529,349 38,220,390 34,529,349
Dividends declared per share of common stock $ 0.24   $ 0.48  
Comprehensive income        
Net income $ 39,286 $ 7,565 $ 90,642 $ 85,009
Other comprehensive income (loss)        
Foreign exchange translation adjustment, net of taxes (1,230) 1,632 1,264 (3,001)
Comprehensive income 38,056 9,197 91,906 82,008
Less: Comprehensive income attributable to non-controlling interests (30,024) (8,311) (72,825) (81,122)
Comprehensive income attributable to common stockholders $ 8,032 $ 886 $ 19,081 $ 886