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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES            
Commissions and fees $ 572,932   $ 472,068   $ 1,190,395 $ 972,406
Investment income 1,525   731   2,606 1,332
Other income, net 762   388   1,498 910
Total revenues 575,219   473,187   1,194,499 974,648
EXPENSES            
Employee compensation and benefits 309,610   251,958   642,447 522,857
Other operating expenses 98,050   83,694   186,833 160,007
(Gain)/loss on disposal (1,016)   (230)   (511) (2,650)
Amortization 25,954   20,785   52,146 41,324
Depreciation 5,666   5,599   11,701 11,151
Interest 16,293   10,052   31,491 19,723
Change in estimated acquisition earn-out payables (2,860)   419   (1,650) 2,885
Total expenses 451,697   372,277   922,457 755,297
Income before income taxes 123,522   100,910   272,042 219,351
Income taxes 30,929   26,988   65,553 54,601
Net income $ 92,593 $ 113,896 $ 73,922 $ 90,828 $ 206,489 $ 164,750
Net income per share:            
Basic (in dollars per share) $ 0.33   $ 0.27   $ 0.73 $ 0.60
Diluted (in dollars per share) 0.33   0.26   0.73 0.58
Dividends declared per share (in dollars per share) $ 0.080   $ 0.075   $ 0.160 $ 0.150