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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Commissions $ 183,771 $ 164,371 $ 364,073 $ 336,614
Principal transactions 85,542 110,717 186,275 221,399
Investment banking 161,007 144,815 285,568 280,077
Asset management and service fees 119,936 94,231 233,805 183,401
Interest 43,852 46,114 86,588 88,950
Other income 13,741 8,745 25,541 13,983
Total revenues 607,849 568,993 1,181,850 1,124,424
Interest expense 10,098 8,888 23,117 17,562
Net revenues [1] 597,751 560,105 1,158,733 1,106,862
Non-interest expenses:        
Compensation and benefits 409,998 355,268 765,691 702,257
Occupancy and equipment rental 48,346 43,237 92,516 84,019
Communications and office supplies 31,114 25,858 60,348 50,696
Commissions and floor brokerage 9,124 9,248 19,193 18,277
Other operating expenses 61,098 52,075 112,848 99,764
Total non-interest expenses 559,680 485,686 1,050,596 955,013
Income before income tax expense 38,071 74,419 108,137 151,849
Provision for income taxes 17,183 30,819 44,152 60,866
Net income $ 20,888 $ 43,600 $ 63,985 $ 90,983
Earnings per common share        
Basic $ 0.31 $ 0.66 $ 0.94 $ 1.38
Diluted $ 0.27 $ 0.58 $ 0.82 $ 1.20
Weighted-average number of common shares outstanding:        
Basic 68,370 66,302 68,189 66,167
Diluted 77,856 75,641 77,624 75,665
[1] No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2015 or 2014.