XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Commissions $ 260,735 $ 204,958
Gains from mortgage banking activities/originations, net 38,914 45,262
Management services, servicing fees and other 130,811 82,362
Total revenues 430,460 332,582
Expenses:    
Compensation and employee benefits 252,695 215,145
Allocations of net income and grant of exchangeability to limited partnership units 25,809 10,649
Total compensation and employee benefits 278,504 225,794
Operating, administrative and other 75,427 47,382
Fees to related parties 6,894 4,718
Depreciation and amortization 22,513 18,237
Total operating expenses 383,338 296,131
Other income (losses), net:    
Other income (loss) 5,707 (593)
Total other income (losses), net 5,707 (593)
Income from operations 52,829 35,858
Interest (expense) income, net (13,409) 1,134
Income before income taxes and noncontrolling interests 39,420 36,992
Provision (benefit) for income taxes 6,933 (15)
Consolidated net income 32,487 37,007
Less: Net income attributable to noncontrolling interests 12,490 296
Net income available to common stockholders 19,997 36,711
Basic earnings per share    
Net income available to common stockholders $ 19,997 $ 36,711
Basic earnings per share $ 0.13  
Basic weighted-average shares of common stock outstanding 155,694  
Fully diluted earnings per share    
Net income available to common stockholders $ 30,286  
Fully diluted earnings (loss) per share $ 0.12  
Fully diluted weighted-average shares of common stock outstanding 246,834  
Dividends declared per share of common stock $ 0.09