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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Revenues $ 2,218,132 $ 2,047,579 $ 1,596,450
Expenses:      
Compensation and employee benefits 1,275,988 1,161,985 987,701
Equity-based compensation and allocations of net income to limited partnership units and FPUs 258,836 224,644 147,139
Total compensation and employee benefits 1,534,824 1,386,629 1,134,840
Operating, administrative and other 361,857 331,758 219,163
Fees to related parties 25,025 26,162 20,771
Depreciation and amortization 131,144 97,733 95,815
Total operating expenses 2,052,850 1,842,282 1,470,589
Other income, net      
Other income, net 80,954 127,293 73,927
Income from operations 246,236 332,590 199,788
Interest (expense) income, net (32,088) (50,205) 2,786
Income before income taxes and noncontrolling interests 214,148 282,385 202,574
Provision for income taxes 52,436 90,487 57,478
Consolidated net income 161,712 191,898 145,096
Less: Net income attributable to noncontrolling interests 44,407 85,166 604
Net income available to common stockholders 117,305 106,732 144,492
Basic earnings per share      
Net income available to common stockholders [1] $ 104,406 $ 101,641 $ 144,492
Basic earnings per share (in usd per share) $ 0.59 $ 0.65 $ 1.08
Common stock outstanding (in shares) 177,774,000 157,256,000 133,413,000
Fully diluted earnings per share      
Net income for fully diluted shares $ 108,160 $ 105,571 $ 117,217
Fully diluted earnings per share (in usd per share) $ 0.58 $ 0.64 $ 0.85
Fully diluted weighted-average shares of common stock outstanding (in shares) 185,016,000 163,810,000 138,398,000
Reduction for dividends on preferred stock or units $ 12,900 $ 5,100  
Commissions      
Revenues:      
Revenues 1,396,035 1,286,339 $ 1,014,716
Gains from mortgage banking activities/originations, net      
Revenues:      
Revenues 198,085 182,264 206,000
Management services, servicing fees and other      
Revenues:      
Revenues $ 624,012 $ 578,976 $ 375,734
[1]
Includes a reduction for dividends on preferred stock or units in the amount of $12.9 million and $5.1 million for the years ended December 31, 2019 and December 31, 2018, respectively.