Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Information on Reportable Segments for Reconciliation to Consolidated Net Income

Information on reportable segments currently presented to the Company’s chief operating decision maker and a reconciliation to consolidated net income are presented below (in thousands):

	Three months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
Revenue:
Wealth Management	$	85,296		$	76,117		$	167,963		$	153,408
Tax Preparation	53,866			43,991			153,574			132,465
Total revenue	139,162			120,108			321,537			285,873
Operating income:
Wealth Management	12,406			9,924			24,259			20,830
Tax Preparation	36,515			29,796			89,648			77,369
Corporate-level activity	(18,926		)	(17,366		)	(40,023		)	(36,399		)
Total operating income	29,995			22,354			73,884			61,800
Other loss, net	(24,200		)	(10,916		)	(33,908		)	(18,430		)
Income tax expense	(2,315		)	(5,793		)	(5,786		)	(17,436		)
Discontinued operations, net of income taxes	—			(19,975		)	—			(17,453		)
Net income (loss)	$	3,480		$	(14,330	)	$	34,190		$	8,481

Schedule of Segment Reporting Information, by Segment

Revenues by major category within each segment are presented below (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Wealth Management:
Commission	$	38,154	$	35,252	$	77,749	$	72,108
Advisory	35,914		31,522		69,490		63,054
Asset-based	6,784		5,395		12,750		11,213
Transaction and fee	4,444		3,948		7,974		7,033
Total Wealth Management revenue	$	85,296	$	76,117	$	167,963	$	153,408
Tax Preparation:
Consumer	$	51,848	$	42,257	$	140,090	$	119,728
Professional	2,018		1,734		13,484		12,737
Total Tax Preparation revenue	$	53,866	$	43,991	$	153,574	$	132,465