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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUES      
Commissions and fees $ 2,009,857 $ 1,857,270 $ 1,762,787
Investment income 2,746 1,626 1,456
Other income, net 1,643 22,451 2,386
Total revenues 2,014,246 1,881,347 1,766,629
EXPENSES      
Employee compensation and benefits 1,068,914 994,652 925,217
Non-cash stock-based compensation 33,519 30,631 16,052
Other operating expenses 332,118 283,470 262,872
(Gain)/loss on disposal (2,175) (2,157) (1,291)
Amortization 86,544 85,446 86,663
Depreciation 22,834 22,698 21,003
Interest 40,580 38,316 39,481
Change in estimated acquisition earn-out payables 2,969 9,200 9,185
Total expenses 1,551,784 1,431,625 1,343,130
Income before income taxes 462,462 449,722 423,499
Income taxes 118,207 50,092 166,008
Net income $ 344,255 $ 399,630 $ 257,491
Net income per share:      
Basic (in dollars per share) $ 1.24 $ 1.43 $ 0.92
Diluted (in dollars per share) 1.22 1.40 0.91
Dividends declared per share (in dollars per share) $ 0.31 $ 0.28 $ 0.25