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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Revenues $ 678,247 $ 503,980
Expenses:    
Compensation and employee benefits 382,584 289,074
Equity-based compensation and allocations of net income to limited partnership units and FPUs 16,899 14,248
Total compensation and employee benefits 399,483 303,322
Operating, administrative and other 137,871 107,175
Fees to related parties 6,829 6,250
Depreciation and amortization 35,475 21,053
Total operating expenses 579,658 437,800
Other (loss) income, net (86,001) (2,210)
Income from operations 12,588 63,970
Interest expense, net (7,870) (8,813)
Income before income taxes and noncontrolling interests 4,718 55,157
Provision for income taxes 4,004 10,579
Consolidated net income 714 44,578
Less: Net income attributable to noncontrolling interests 352 11,473
Net income available to common stockholders 362 33,105
Basic earnings per share    
Net income available to common stockholders [1] $ 362 $ 31,464
Basic earnings per share (in usd per share) $ 0.00 $ 0.17
Basic weighted-average shares of common stock outstanding (in shares) 188,881 183,254
Fully diluted earnings per share    
Net income for fully diluted shares $ 438 $ 43,925
Fully diluted earnings per share (in usd per share) $ 0.00 $ 0.16
Fully diluted weighted-average shares of common stock outstanding (in shares) 252,815 271,194
Management services, servicing fees and other    
Revenues:    
Revenues $ 233,120 $ 187,751
Leasing and other commissions    
Revenues:    
Revenues 198,952 147,433
Investment sales    
Revenues:    
Revenues 152,113 101,545
Commercial mortgage origination, net    
Revenues:    
Revenues $ 94,062 $ 67,251
[1] Includes a reduction for dividends on preferred stock or EPUs in the amount $1.6 million for the three months ended March 31, 2021. (see Note 1 — “Organization and Basis of Presentation”).