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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Trading income, net $ 203,907 $ 156,706 $ 479,644 $ 509,542
Interest and dividends income 20,430 5,271 30,933 14,961
Commissions, net and technology services 43,351 2,931 49,237 7,224
Other, net 3,598 (102) 3,647 (102)
Total revenue 271,286 164,806 563,461 531,625
Operating Expenses:        
Brokerage, exchange and clearance fees, net 64,584 52,118 170,253 167,416
Communication and data processing 45,998 17,903 83,190 53,578
Employee compensation and payroll taxes 72,341 20,816 111,053 64,182
Payments for order flow 12,071   12,071  
Interest and dividends expense 31,242 15,615 58,456 43,249
Operations and administrative 24,183 5,543 38,107 16,198
Depreciation and amortization 15,602 7,158 29,157 22,685
Amortization of purchased intangibles and acquired capitalized software 6,440 53 6,546 159
Debt issue costs related to debt refinancing 4,869   9,351  
Transaction advisory fees and expenses 15,677   24,188 155
Reserve for legal matter     (2,176)  
Charges related to share-based compensation at IPO 181 333 545 1,444
Financing interest expense on long-term borrowings 24,593 7,393 40,141 21,569
Total operating expenses 317,781 126,932 580,882 390,635
Income (loss) before income taxes and noncontrolling interest (46,495) 37,874 (17,421) 140,990
Provision for (benefit from) income taxes (6,505) 4,851 (2,918) 17,325
Net income (loss) (39,990) 33,023 (14,503) 123,665
Noncontrolling interest 26,472 (25,997) 6,466 (97,913)
Net income (loss) available for common stockholders $ (13,518) $ 7,026 $ (8,037) $ 25,752
Earnings (loss) per share        
Basic (in dollars per share) $ (0.17) $ 0.18 $ (0.17) $ 0.66
Diluted (in dollars per share) $ (0.17) $ 0.18 $ (0.17) $ 0.66
Weighted average common shares outstanding        
Basic (in shares) 79,199,142 38,351,465 53,520,346 38,264,139
Diluted (in shares) 79,199,142 38,351,465 53,520,346 38,264,139
Comprehensive income        
Net income (loss) $ (39,990) $ 33,023 $ (14,503) $ 123,665
Other comprehensive income (loss)        
Foreign currency translation adjustment, net of taxes 2,558 519 8,300 1,783
Comprehensive income (loss) (37,432) 33,542 (6,203) 125,448
Less: Comprehensive income (loss) attributable to non-controlling interests 25,122 (26,370) 1,014 (99,195)
Comprehensive income (loss) attributable to common stockholders $ (12,310) $ 7,172 $ (5,189) $ 26,253