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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Trading income, net $ 136,163 $ 166,547 $ 275,737 $ 352,836
Interest and dividends income 5,629 5,422 10,503 9,690
Technology services 3,107 2,212 5,886 4,293
Other, net (11)   49  
Total revenue 144,888 174,181 292,175 366,819
Operating Expenses:        
Brokerage, exchange and clearance fees, net 52,899 55,573 105,669 115,298
Communication and data processing 18,985 17,953 37,192 35,675
Employee compensation and payroll taxes 17,365 20,809 38,712 43,366
Interest and dividends expense 14,934 14,097 27,214 27,634
Operations and administrative 8,946 5,736 13,792 10,655
Depreciation and amortization 6,798 7,800 13,555 15,527
Amortization of purchased intangibles and acquired capitalized software 53 53 106 106
Debt issue costs related to debt refinancing 4,482   4,482  
Transaction advisory fees and expenses 8,511 155 8,643 155
Reserve for legal matter (2,176)   (2,176)  
Charges related to share-based compensation at IPO 179 516 364 1,111
Financing interest expense on long-term borrowings 8,720 7,075 15,548 14,176
Total operating expenses 139,696 129,767 263,101 263,703
Income before income taxes and noncontrolling interest 5,192 44,414 29,074 103,116
Provision for income taxes 779 5,128 3,587 12,474
Net income 4,413 39,286 25,487 90,642
Noncontrolling interest (3,512) (30,908) (20,006) (71,916)
Net income available for common stockholders $ 901 $ 8,378 $ 5,481 $ 18,726
Earnings per share        
Basic (in dollars per share) $ 0.01 $ 0.21 $ 0.11 $ 0.48
Diluted (in dollars per share) $ 0.01 $ 0.21 $ 0.11 $ 0.48
Weighted average common shares outstanding        
Basic (in shares) 40,814,214 38,230,684 40,607,791 38,220,390
Diluted (in shares) 40,814,214 38,230,684 40,607,791 38,220,390
Comprehensive income        
Net income $ 4,413 $ 39,286 $ 25,487 $ 90,642
Other comprehensive income (loss)        
Foreign currency translation adjustment, net of taxes 4,852 (1,230) 5,637 1,264
Comprehensive income 9,265 38,056 31,124 91,906
Less: Comprehensive income attributable to non-controlling interests (6,901) (30,024) (23,945) (72,825)
Comprehensive income attributable to common stockholders $ 2,364 $ 8,032 $ 7,179 $ 19,081