XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Commissions $ 127,427 $ 138,315 $ 250,730 $ 294,101
Principal transactions 91,564 79,741 207,797 172,600
Investment banking 67,363 64,418 137,801 105,836
Asset management and service fees 65,311 56,981 126,129 114,661
Interest 27,181 21,229 52,438 40,085
Other income 5,418 4,556 18,712 10,812
Total revenues 384,264 365,240 793,607 738,095
Interest expense 9,857 6,383 18,867 12,625
Net revenues 374,407 358,857 774,740 725,470
Non-interest expenses:        
Compensation and benefits 239,374 229,939 494,078 461,105
Occupancy and equipment rental 32,320 29,723 63,111 59,048
Communications and office supplies 20,797 18,515 41,170 37,360
Commissions and floor brokerage 7,747 6,894 15,359 13,543
Other operating expenses 30,295 69,911 57,894 99,855
Total non-interest expenses 330,533 354,982 671,612 670,911
Income before income tax expense 43,874 3,875 103,128 54,559
Provision for income taxes 17,738 459 42,219 19,745
Net income $ 26,136 $ 3,416 $ 60,909 $ 34,814
Earnings per common share:        
Basic $ 0.49 $ 0.06 $ 1.14 $ 0.66
Diluted $ 0.42 $ 0.05 $ 0.97 $ 0.55
Weighted average number of common shares outstanding:        
Basic 53,569 52,932 53,406 52,734
Diluted 62,678 63,245 62,700 63,239