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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Commissions $ 194,083 $ 167,601 $ 562,249 $ 510,070
Principal transactions 95,593 94,828 281,794 318,312
Investment banking 118,753 118,717 400,302 390,848
Asset management and service fees 130,636 96,638 364,442 280,039
Interest 43,376 52,096 129,964 141,035
Other income 18,930 4,803 44,471 18,745
Total revenues 601,371 534,683 1,783,222 1,659,049
Interest expense 9,796 11,228 32,914 28,701
Net revenues [1] 591,575 523,455 1,750,308 1,630,348
Non-interest expenses:        
Compensation and benefits 404,205 331,440 1,169,896 1,033,478
Occupancy and equipment rental 53,282 41,611 145,798 125,110
Communications and office supplies 35,678 27,464 96,026 78,151
Commissions and floor brokerage 12,430 9,971 31,623 28,247
Other operating expenses 63,632 47,203 176,480 143,945
Total non-interest expenses 569,227 457,689 1,619,823 1,408,931
Income from continuing operations before income tax expense 22,348 65,766 130,485 221,417
Provision for income taxes 5,169 25,673 49,321 87,774
Income from continuing operations 17,179 40,093 81,164 133,643
Discontinued operations:        
Loss from discontinued operations, net of tax   (190)   (2,757)
Net income $ 17,179 $ 39,903 $ 81,164 $ 130,886
Earnings per basic common share        
Income from continuing operations $ 0.25 $ 0.60 $ 1.18 $ 2.01
Income from discontinued operations       (0.04)
Earnings per basic common share 0.25 0.60 1.18 1.97
Earnings per diluted common share        
Income from continuing operations 0.22 0.52 1.04 1.76
Income from discontinued operations       (0.04)
Earnings per diluted common share $ 0.22 $ 0.52 $ 1.04 $ 1.72
Weighted-average number of common shares outstanding:        
Basic 69,633 66,691 68,675 66,344
Diluted 79,759 76,681 78,326 76,011
[1] No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2015 or 2014.