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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Commissions $ 66,412 $ 54,315 $ 133,430 $ 106,304
Information and post-trade services 7,632 7,962 15,311 16,041
Technology products and services 762 1,987 2,182 4,023
Investment income 190 138 373 284
Other 495 562 966 1,710
Total revenues 75,491 64,964 152,262 128,362
Expenses        
Employee compensation and benefits 20,593 18,421 41,767 37,030
Depreciation and amortization 4,603 4,351 9,215 8,472
Technology and communications 3,967 4,449 8,305 8,941
Professional and consulting fees 3,011 3,426 6,293 7,398
Occupancy 1,232 1,102 2,224 2,191
Marketing and advertising 1,764 1,800 2,956 3,009
General and administrative 3,262 2,344 5,941 4,542
Total expenses 38,432 35,893 76,701 71,583
Income before income taxes 37,059 29,071 75,561 56,779
Provision for income taxes 12,821 10,880 26,730 21,113
Net income $ 24,238 $ 18,191 $ 48,831 $ 35,666
Net income per common share        
Basic $ 0.66 $ 0.49 $ 1.33 $ 0.96
Diluted 0.64 0.48 1.30 0.94
Cash dividends declared per common share $ 0.20 $ 0.16 $ 0.40 $ 0.32
Weighted average shares outstanding        
Basic 36,699 37,015 36,703 37,068
Diluted 37,642 37,942 37,634 38,019