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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Commissions $ 674,418us-gaap_BrokerageCommissionsRevenue $ 640,287us-gaap_BrokerageCommissionsRevenue $ 518,803us-gaap_BrokerageCommissionsRevenue
Principal transactions 409,823us-gaap_PrincipalTransactionsRevenue 408,954us-gaap_PrincipalTransactionsRevenue 380,160us-gaap_PrincipalTransactionsRevenue
Investment banking 578,689us-gaap_InvestmentBankingRevenue 457,736us-gaap_InvestmentBankingRevenue 292,686us-gaap_InvestmentBankingRevenue
Asset management and service fees 386,001us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees 305,639us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees 257,981us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees
Interest 185,969us-gaap_InterestAndDividendIncomeOperating 142,539us-gaap_InterestAndDividendIncomeOperating 108,705us-gaap_InterestAndDividendIncomeOperating
Other income 14,785us-gaap_NoninterestIncomeOtherOperatingIncome 64,659us-gaap_NoninterestIncomeOtherOperatingIncome 69,148us-gaap_NoninterestIncomeOtherOperatingIncome
Total revenues 2,249,685us-gaap_Revenues 2,019,814us-gaap_Revenues 1,627,483us-gaap_Revenues
Interest expense 41,261us-gaap_InterestExpense 46,368us-gaap_InterestExpense 33,370us-gaap_InterestExpense
Net revenues 2,208,424us-gaap_RevenuesExcludingInterestAndDividends [1] 1,973,446us-gaap_RevenuesExcludingInterestAndDividends [1] 1,594,113us-gaap_RevenuesExcludingInterestAndDividends [1]
Non-interest expenses:      
Compensation and benefits 1,403,932us-gaap_LaborAndRelatedExpense 1,311,386us-gaap_LaborAndRelatedExpense 1,010,140us-gaap_LaborAndRelatedExpense
Occupancy and equipment rental 169,040us-gaap_OccupancyNet 158,268us-gaap_OccupancyNet 128,365us-gaap_OccupancyNet
Communications and office supplies 106,926us-gaap_CommunicationsAndInformationTechnology 99,726us-gaap_CommunicationsAndInformationTechnology 79,406us-gaap_CommunicationsAndInformationTechnology
Commissions and floor brokerage 36,555us-gaap_FloorBrokerageExchangeAndClearanceFees 37,225us-gaap_FloorBrokerageExchangeAndClearanceFees 29,610us-gaap_FloorBrokerageExchangeAndClearanceFees
Other operating expenses 201,177us-gaap_OtherCostAndExpenseOperating 181,612us-gaap_OtherCostAndExpenseOperating 116,845us-gaap_OtherCostAndExpenseOperating
Total non-interest expenses 1,917,630us-gaap_NoninterestExpense 1,788,217us-gaap_NoninterestExpense 1,364,366us-gaap_NoninterestExpense
Income from continuing operations before income tax 290,794us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 185,229us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 229,747us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 111,664us-gaap_IncomeTaxExpenseBenefit 12,322us-gaap_IncomeTaxExpenseBenefit 84,451us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 179,130us-gaap_IncomeLossFromContinuingOperations 172,907us-gaap_IncomeLossFromContinuingOperations 145,296us-gaap_IncomeLossFromContinuingOperations
Discontinued operations:      
Loss from discontinued operations, net of tax (3,063)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (10,894)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (6,723)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income $ 176,067us-gaap_NetIncomeLoss $ 162,013us-gaap_NetIncomeLoss $ 138,573us-gaap_NetIncomeLoss
Earnings per basic common share      
Income from continuing operations $ 2.69us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.72us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.71us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations $ (0.04)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.17)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Earnings per basic common share $ 2.65us-gaap_EarningsPerShareBasic $ 2.55us-gaap_EarningsPerShareBasic $ 2.59us-gaap_EarningsPerShareBasic
Earnings per diluted common share      
Income from continuing operations $ 2.35us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.35us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations $ (0.04)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.15)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.11)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Earnings per diluted common share $ 2.31us-gaap_EarningsPerShareDiluted $ 2.20us-gaap_EarningsPerShareDiluted $ 2.20us-gaap_EarningsPerShareDiluted
Weighted average number of common shares outstanding:      
Basic 66,472us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 63,568us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 53,563us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 76,376us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 73,504us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 62,937us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2014, 2013, or 2012.