XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Commissions and fees $ 529,813 $ 474,609 $ 1,502,219 $ 1,383,899
Investment income 719 491 2,051 1,085
Other income, net 318 546 1,228 22,047
Total revenues 530,850 475,646 1,505,498 1,407,031
EXPENSES        
Employee compensation and benefits 268,045 246,062 790,902 736,445
Other operating expenses 83,697 72,058 243,704 210,289
(Gain)/loss on disposal 1,106 (1,902) (1,544) (1,993)
Amortization 21,637 21,435 62,961 64,402
Depreciation 5,259 5,489 16,410 17,242
Interest 8,963 9,393 28,686 28,949
Change in estimated acquisition earn-out payables (357) (1,308) 2,528 8,309
Total expenses 388,350 351,227 1,143,647 1,063,643
Income before income taxes 142,500 124,419 361,851 343,388
Income taxes 36,447 48,506 91,048 131,263
Net income $ 106,053 $ 75,913 $ 270,803 $ 212,125
Net income per share:        
Basic (in dollars per share) $ 0.38 $ 0.27 $ 0.98 $ 0.76
Diluted (in dollars per share) 0.38 0.27 0.96 0.74
Dividends declared per share (in dollars per share) $ 0.075 $ 0.068 $ 0.225 $ 0.203