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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2012
Jun. 24, 2011
Jun. 29, 2012
Jun. 24, 2011
Trade revenue        
Commissions $ 479,983 $ 437,413 $ 960,604 $ 859,842
Principal transactions 41,815 68,251 87,116 147,659
Investment banking 30,038 40,617 59,112 82,855
Total trade revenue 551,836 546,281 1,106,832 1,090,356
Fee revenue        
Asset-based 494,636 455,064 976,965 873,506
Account and activity 143,462 129,884 284,030 254,986
Total fee revenue 638,098 584,948 1,260,995 1,128,492
Interest and dividends 33,344 32,420 65,652 63,030
Other revenue 6,960 6,108 19,205 11,773
Total revenue 1,230,238 1,169,757 2,452,684 2,293,651
Interest expense 15,752 17,528 31,876 35,152
Net revenue 1,214,486 1,152,229 2,420,808 2,258,499
Operating expenses:        
Compensation and benefits 797,199 748,113 1,577,855 1,460,762
Occupancy and equipment 87,342 88,703 177,153 177,975
Communications and data processing 70,753 74,872 141,917 146,802
Payroll and other taxes 46,336 42,742 98,986 91,322
Advertising 12,982 13,985 25,524 29,781
Postage and shipping 11,966 11,805 24,347 23,267
Clearance fees 3,025 3,173 6,472 6,581
Other operating expenses 45,921 44,439 91,027 79,973
Total operating expenses 1,075,524 1,027,832 2,143,281 2,016,463
Income before allocations to partners 138,962 124,397 277,527 242,036
Allocations to partners:        
Limited partners 18,056 18,125 36,166 35,337
Subordinated limited partners 15,400 12,814 31,068 25,173
General partners 105,506 93,458 210,293 181,526
Net Income            
Income before allocations to partners per weighted average $1,000 equivalent limited partnership unit outstanding 27.50 27.03 54.92 52.58
Weighted average $1,000 equivalent limited partnership units outstanding 656,582 670,551 658,521 672,062