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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Commissions and fees $ 464,724 $ 445,662 $ 909,290 $ 867,997
Investment income 351 502 594 920
Other income, net 1,230 354 21,501 1,774
Total revenues 466,305 446,518 931,385 870,691
EXPENSES        
Employee compensation and benefits 244,517 231,102 490,383 455,161
Other operating expenses 71,312 66,291 138,231 129,896
Loss/(gain) on disposal 9 (810) (91) (2,854)
Amortization 21,347 21,610 42,967 43,220
Depreciation 5,655 5,354 11,753 10,672
Interest 9,874 9,837 19,556 19,734
Change in estimated acquisition earn-out payables 5,589 4,057 9,617 3,236
Total expenses 358,303 337,441 712,416 659,065
Income before income taxes 108,002 109,077 218,969 211,626
Income taxes 41,900 42,827 82,757 83,306
Net income $ 66,102 $ 66,250 $ 136,212 $ 128,320
Net income per share:        
Basic (in dollars per share) $ 0.47 $ 0.47 $ 0.97 $ 0.92
Diluted (in dollars per share) 0.46 0.47 0.96 0.91
Dividends declared per share (in dollars per share) $ 0.1350 $ 0.12 $ 0.2700 $ 0.245