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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues $ 483,930 $ 447,656
Expenses:    
Compensation and employee benefits 300,257 263,353
Equity-based compensation and allocations of net income to limited partnership units and FPUs 12,914 13,871
Total compensation and employee benefits 313,171 277,224
Operating, administrative and other 92,281 87,893
Fees to related parties 5,812 6,725
Depreciation and amortization 46,039 28,304
Total operating expenses 457,303 400,146
Other income (loss), net 1,438  
Other income (loss), net   (9,718)
Income from operations 28,065 37,792
Interest (expense) income, net (9,030) (7,699)
Income before income taxes and noncontrolling interests 19,035 30,093
Provision for income taxes 4,797 6,687
Consolidated net income 14,238 23,406
Less: Net income attributable to noncontrolling interests 6,056 6,502
Net income available to common stockholders 8,182 16,904
Basic earnings per share    
Net income available to common stockholders [1] $ 5,737 $ 13,680
Basic earnings per share (in usd per share) $ 0.03 $ 0.08
Basic weighted-average shares of common stock outstanding (in shares) 177,545 178,611
Fully diluted earnings per share    
Net income for fully diluted shares $ 8,933 $ 21,968
Fully diluted earnings per share (in usd per share) $ 0.03 $ 0.08
Fully diluted weighted-average shares of common stock outstanding (in shares) 263,646 269,057
Reduction for dividends on preferred stock or units $ 2,400 $ 3,200
Commissions    
Revenues:    
Revenues 268,362 275,268
Gains from mortgage banking activities/originations, net    
Revenues:    
Revenues 50,422 31,346
Management services, servicing fees and other    
Revenues:    
Revenues $ 165,146 $ 141,042
[1]
Includes a reduction for dividends on preferred stock or units in the amount of $2.4 million and $3.2 million for the three months ended March 31, 2020 and 2019, respectively.