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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Commissions $ 197,930 $ 180,302
Principal transactions 120,948 100,205
Investment banking 100,658 125,089
Asset management and service fees 144,532 113,869
Interest 62,786 42,736
Other income 7,231 11,800
Total revenues 634,085 574,001
Interest expense 14,111 13,019
Net revenues [1] 619,974 560,982
Non-interest expenses:    
Compensation and benefits 411,113 355,693
Occupancy and equipment rental 57,255 44,170
Communications and office supplies 36,660 29,234
Commissions and floor brokerage 11,732 10,069
Other operating expenses 59,301 51,750
Total non-interest expenses 576,061 490,916
Income from operations before income tax expense 43,913 70,066
Provision for income taxes 16,858 26,969
Net income $ 27,055 $ 43,097
Earnings per common share:    
Basic $ 0.40 $ 0.62
Diluted $ 0.36 $ 0.56
Weighted-average number of common shares outstanding:    
Basic 67,579 68,006
Diluted 76,086 77,359
[1] No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2016 or 2015.