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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Commissions and fees $ 3,047,522 $ 2,606,108 $ 2,384,737
Investment income 1,099 2,811 5,780
Other income, net 2,777 4,456 1,654
Total revenues 3,051,398 2,613,375 2,392,171
EXPENSES      
Employee compensation and benefits 1,636,911 1,436,377 1,308,165
Other operating expenses 402,941 365,973 377,089
(Gain)/loss on disposal (9,605) (2,388) (10,021)
Amortization 119,593 108,523 105,298
Depreciation 33,309 26,276 23,417
Interest 64,981 58,973 63,660
Change in estimated acquisition earn-out payables 40,445 (4,458) (1,366)
Total expenses 2,288,575 1,989,276 1,866,242
Income before income taxes 762,823 624,099 525,929
Income taxes 175,719 143,616 127,415
Net income $ 587,104 $ 480,483 $ 398,514
Net income per share:      
Basic $ 2.08 $ 1.70 $ 1.42
Diluted 2.07 1.69 1.40
Dividends declared per share $ 0.38 $ 0.35 $ 0.33