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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Revenues $ 685,912 $ 616,283 $ 1,865,786 $ 1,722,926
Expenses:        
Compensation and employee benefits 392,277 371,250 1,097,994 1,046,531
Equity-based compensation and allocations of net income to limited partnership units and FPUs 48,749 29,548 125,678 84,805
Total compensation and employee benefits 441,026 400,798 1,223,672 1,131,336
Operating, administrative and other 151,942 140,930 437,622 406,738
Fees to related parties 7,638 6,244 21,847 20,863
Depreciation and amortization 44,576 41,463 129,430 122,327
Total operating expenses 645,182 589,435 1,812,571 1,681,264
Other income, net 321 3,203 5,944 4,118
Income from operations 41,051 30,051 59,159 45,780
Interest expense, net (7,863) (7,542) (23,341) (24,727)
Income before income taxes and noncontrolling interests 33,188 22,509 35,818 21,053
Provision for income taxes 8,847 8,356 14,378 12,019
Consolidated net income 24,341 14,153 21,440 9,034
Less: Net income attributable to noncontrolling interests 6,547 4,206 5,620 3,007
Net income available to common stockholders 17,794 9,947 15,820 6,027
Basic earnings per share        
Net income available to common stockholders $ 17,794 $ 9,947 $ 15,820 $ 6,027
Basic earnings per share (in dollars per share) $ 0.10 $ 0.06 $ 0.09 $ 0.03
Basic weighted-average shares of common stock outstanding (in shares) 170,088 174,129 172,767 173,549
Fully diluted earnings per share        
Net income for fully diluted shares $ 26,151 $ 14,075 $ 22,968 $ 8,293
Fully diluted earnings per share (in dollars per share) $ 0.10 $ 0.06 $ 0.09 $ 0.03
Fully diluted weighted-average shares of common stock outstanding (in shares) 254,970 247,240 255,376 243,882
Management services, servicing fees and other        
Revenues:        
Revenues $ 282,623 $ 253,749 $ 802,335 $ 706,701
Leasing and other commissions        
Revenues:        
Revenues 214,581 203,268 581,937 600,185
Capital markets        
Revenues:        
Revenues $ 188,708 $ 159,266 $ 481,514 $ 416,040