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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Trading income, net $ 156,706 $ 206,832 $ 509,542 $ 590,554
Interest and dividends income 5,271 6,425 14,961 21,022
Technology services 2,931 2,545 7,224 7,733
Other revenues (losses) (102)   (102)  
Total revenue 164,806 215,802 531,625 619,309
Operating Expenses:        
Brokerage, exchange and clearance fees, net 52,118 61,814 167,416 179,453
Communication and data processing 17,903 16,110 53,578 51,602
Employee compensation and payroll taxes 20,816 24,736 64,182 66,801
Interest and dividends expense 15,615 12,827 43,249 39,234
Operations and administrative 5,543 4,857 16,353 20,017
Depreciation and amortization 7,158 8,176 22,685 26,025
Amortization of purchased intangibles and acquired capitalized software 53 53 159 159
Charges related to share-based compensation at IPO 333 1,107 1,444 45,301
Financing interest expense on long term borrowings 7,393 7,205 21,569 22,066
Total operating expenses 126,932 136,885 390,635 450,658
Income before income taxes and noncontrolling interest 37,874 78,917 140,990 168,651
Provision for income taxes 4,851 9,378 17,325 14,103
Net income 33,023 69,539 123,665 154,548
Noncontrolling interest (25,997) (57,233) (97,913) (141,768)
Net income available for common stockholders $ 7,026 $ 12,306 $ 25,752 $ 12,780
Earnings per share        
Basic (in dollars per share) $ 0.18 $ 0.36 $ 0.66 $ 0.37
Diluted (in dollars per share) $ 0.18 $ 0.35 $ 0.66 $ 0.37
Weighted average common shares outstanding        
Basic (in shares) 38,351,465 34,305,052 38,264,139 34,305,052
Diluted (in shares) 38,351,465 34,738,733 38,264,139 34,641,497
Comprehensive income        
Net income $ 33,023 $ 69,539 $ 123,665 $ 154,548
Other comprehensive income (loss)        
Foreign exchange translation adjustment, net of taxes 519 3,596 1,783 595
Comprehensive income 33,542 73,135 125,448 155,143
Less: Comprehensive income attributable to non-controlling interests (26,370) (59,931) (99,195) (141,053)
Comprehensive income attributable to common stockholders $ 7,172 $ 13,204 $ 26,253 $ 14,090