XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Commissions and fees $ 118,926us-gaap_BrokerageCommissionsRevenue $ 108,424us-gaap_BrokerageCommissionsRevenue
Recurring 26,932itg_RecurringRevenue 25,577itg_RecurringRevenue
Other 3,869us-gaap_OtherOperatingIncome 3,608us-gaap_OtherOperatingIncome
Total revenues 149,727us-gaap_Revenues 137,609us-gaap_Revenues
Expenses:    
Compensation and employee benefits 57,408us-gaap_LaborAndRelatedExpense 51,177us-gaap_LaborAndRelatedExpense
Transaction processing 24,573us-gaap_FloorBrokerageExchangeAndClearanceFees 20,496us-gaap_FloorBrokerageExchangeAndClearanceFees
Occupancy and equipment 14,372us-gaap_OccupancyNet 15,078us-gaap_OccupancyNet
Telecommunications and data processing services 12,772us-gaap_CommunicationsAndInformationTechnology 12,697us-gaap_CommunicationsAndInformationTechnology
Other general and administrative 17,757us-gaap_OtherGeneralAndAdministrativeExpense 19,105us-gaap_OtherGeneralAndAdministrativeExpense
Interest expense 505us-gaap_InterestExpense 636us-gaap_InterestExpense
Total expenses 127,387us-gaap_CostsAndExpenses 119,189us-gaap_CostsAndExpenses
Income before income tax expense 22,340us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 18,420us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 5,607us-gaap_IncomeTaxExpenseBenefit 4,800us-gaap_IncomeTaxExpenseBenefit
Net income $ 16,733us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 13,620us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share:    
Basic (in dollars per share) $ 0.49us-gaap_EarningsPerShareBasic $ 0.38us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.47us-gaap_EarningsPerShareDiluted $ 0.37us-gaap_EarningsPerShareDiluted
Basic weighted average number of common shares outstanding (in shares) 34,268us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,081us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted weighted average number of common shares outstanding (in shares) 35,451us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,185us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding