XML 38 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Commissions and fees $ 417,244 $ 394,690 $ 821,025 $ 756,697
Investment income 260 194 480 297
Other income, net 1,943 2,880 2,240 4,364
Total revenues 419,447 397,764 823,745 761,358
EXPENSES        
Employee compensation and benefits 211,499 196,397 416,804 380,507
Non-cash stock-based compensation 6,102 5,994 12,459 13,509
Other operating expenses 64,377 60,546 125,470 113,007
Gain on disposal (348) 0 (605) 0
Amortization 21,623 20,623 43,248 38,499
Depreciation 5,237 5,242 10,420 9,882
Interest 9,671 7,004 19,522 11,076
Change in estimated acquisition earn-out payables 372 177 1,735 6,260
Total expenses 318,533 295,983 629,053 572,740
Income before income taxes 100,914 101,781 194,692 188,618
Income taxes 39,909 40,026 76,736 74,448
Net income $ 61,005 $ 61,755 $ 117,956 $ 114,170
Net income per share:        
Basic (in dollars per share) $ 0.43 $ 0.43 $ 0.83 $ 0.79
Diluted (in dollars per share) 0.43 0.42 0.82 0.78
Dividends declared per share (in dollars per share) $ 0.11 $ 0.10 $ 0.22 $ 0.20