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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Trading income, net $ 766,027 $ 665,465 $ 757,455
Interest and dividends income 50,407 26,419 28,136
Commissions, net and technology services 116,503 10,352 10,622
Other, net 95,045 36  
Total revenue 1,027,982 702,272 796,213
Operating Expenses:      
Brokerage, exchange and clearance fees, net 256,926 221,214 232,469
Communication and data processing 131,506 71,001 68,647
Employee compensation and payroll taxes 177,489 85,295 88,026
Payments for order flow 27,727    
Interest and dividends expense 91,993 56,557 52,423
Operations and administrative 65,137 23,039 25,991
Depreciation and amortization 47,327 29,703 33,629
Amortization of purchased intangibles and acquired capitalized software 15,447 211 211
Debt issue costs related to debt refinancing 10,460 5,579  
Transaction advisory fees and expenses 25,270    
Reserve for legal matter 657   5,440
Charges related to share-based compensation at IPO 772 1,755 44,194
Financing interest expense on long-term borrowings 64,107 28,327 29,254
Total operating expenses 914,818 522,681 580,284
Income (loss) before income taxes and noncontrolling interest 113,164 179,591 215,929
Provision for (benefit from) income taxes 94,266 21,251 18,439
Net income (loss) 18,898 158,340 197,490
Noncontrolling interest (15,959) (125,360) (176,603)
Net income (loss) available for common stockholders $ 2,939 $ 32,980 $ 20,887
Earnings (loss) per share      
Basic (in dollars per share) $ 0.03 $ 0.83 $ 0.60
Diluted (in dollars per share) $ 0.03 $ 0.83 $ 0.59
Weighted average common shares outstanding      
Basic (in shares) 62,579,147 38,539,091 34,964,312
Diluted (in shares) 62,579,147 38,539,091 35,339,585
Comprehensive income      
Net income (loss) $ 18,898 $ 158,340 $ 197,490
Other comprehensive income (loss)      
Foreign currency translation adjustment, net of taxes 9,117 (1,165) (4,255)
Comprehensive income (loss) 28,015 157,175 193,235
Less: Comprehensive income (loss) attributable to non-controlling interests (21,833) (124,546) (172,249)
Comprehensive income (loss) attributable to common stockholders $ 6,182 $ 32,629 $ 20,986