XML 19 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Trading income, net $ 139,574 $ 186,289
Interest and dividends income 4,874 4,268
Technology services 2,779 2,081
Other, net 60  
Total revenue 147,287 192,638
Operating Expenses:    
Brokerage, exchange and clearance fees, net 52,770 59,725
Communication and data processing 18,207 17,722
Employee compensation and payroll taxes 21,347 22,557
Interest and dividends expense 12,280 13,537
Operations and administrative 4,978 4,919
Depreciation and amortization 6,757 7,727
Amortization of purchased intangibles and acquired capitalized software 53 53
Charges related to share-based compensation at IPO 185 595
Financing interest expense on long-term borrowings 6,828 7,101
Total operating expenses 123,405 133,936
Income before income taxes and noncontrolling interest 23,882 58,702
Provision for income taxes 2,808 7,346
Net income 21,074 51,356
Noncontrolling interest (16,494) (41,008)
Net income available for common stockholders $ 4,580 $ 10,348
Earnings per share    
Basic (in dollars per share) $ 0.10 $ 0.27
Diluted (in dollars per share) $ 0.10 $ 0.26
Weighted average common shares outstanding    
Basic (in shares) 40,398,381 38,210,209
Diluted (in shares) 40,398,381 38,489,489
Comprehensive income    
Net income $ 21,074 $ 51,356
Other comprehensive income (loss)    
Foreign currency translation adjustment, net of taxes 785 2,494
Comprehensive income 21,859 53,850
Less: Comprehensive income attributable to non-controlling interests (17,044) (42,801)
Comprehensive income attributable to common stockholders $ 4,815 $ 11,049