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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Commissions and fees $ 474,609 $ 461,652 $ 1,383,899 $ 1,329,649
Investment income 491 230 1,085 1,150
Other income, net 546 392 22,047 2,166
Total revenues 475,646 462,274 1,407,031 1,332,965
EXPENSES        
Employee compensation and benefits 246,062 237,653 736,445 692,814
Other operating expenses 72,058 67,433 210,289 197,329
Loss/(gain) on disposal (1,902) (277) (1,993) (3,131)
Amortization 21,435 21,805 64,402 65,025
Depreciation 5,489 5,195 17,242 15,867
Interest 9,393 9,883 28,949 29,617
Change in estimated acquisition earn-out payables (1,308) 3,610 8,309 6,846
Total expenses 351,227 345,302 1,063,643 1,004,367
Income before income taxes 124,419 116,972 343,388 328,598
Income taxes 48,506 45,427 131,263 128,733
Net income $ 75,913 $ 71,545 $ 212,125 $ 199,865
Net income per share:        
Basic (in dollars per share) $ 0.54 $ 0.51 $ 1.52 $ 1.43
Diluted (in dollars per share) 0.53 0.50 1.49 1.41
Dividends declared per share (in dollars per share) $ 0.1350 $ 0.1225 $ 0.405 $ 0.3675