XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES        
Commissions and fees $ 445,662 $ 417,244 $ 867,997 $ 821,025
Investment income 502 260 920 480
Other income, net 354 1,943 1,774 2,240
Total revenues 446,518 419,447 870,691 823,745
EXPENSES        
Employee compensation and benefits 231,102 217,601 455,161 429,263
Other operating expenses 66,291 64,377 129,896 125,470
Gain on disposal (810) (348) (2,854) (605)
Amortization 21,610 21,623 43,220 43,248
Depreciation 5,354 5,237 10,672 10,420
Interest 9,837 9,671 19,734 19,522
Change in estimated acquisition earn-out payables 4,057 372 3,236 1,735
Total expenses 337,441 318,533 659,065 629,053
Income before income taxes 109,077 100,914 211,626 194,692
Income taxes 42,827 39,909 83,306 76,736
Net income $ 66,250 $ 61,005 $ 128,320 $ 117,956
Net income per share:        
Basic (in dollars per share) $ 0.47 $ 0.43 $ 0.92 $ 0.83
Diluted (in dollars per share) 0.47 0.43 0.91 0.82
Dividends declared per share (in dollars per share) $ 0.12 $ 0.11 $ 0.245 $ 0.22