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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Revenues $ 435,565 $ 393,422 $ 367,730
Expenses      
Employee compensation and benefits 109,117 102,313 96,625
Depreciation and amortization 23,080 19,274 17,838
Technology and communications 23,866 20,048 17,275
Professional and consulting fees 21,521 19,367 17,175
Occupancy 14,176 6,125 4,681
Marketing and advertising 12,114 9,762 8,934
Clearing costs 7,754 5,797 6,060
General and administrative 11,353 11,121 9,157
Total expenses 222,981 193,807 177,745
Operating income 212,584 199,615 189,985
Other income (expense)      
Investment income 6,112 3,619 2,137
Other, net (610) (1,466) (520)
Total other income 5,502 2,153 1,617
Income before income taxes 218,086 201,768 191,602
Provision for income taxes 45,234 53,679 65,430
Net income $ 172,852 $ 148,089 $ 126,172
Net income per common share      
Basic $ 4.68 $ 4.02 $ 3.42
Diluted 4.57 3.89 3.34
Cash dividends declared per common share $ 1.68 $ 1.32 $ 1.04
Weighted average shares outstanding      
Basic 36,958 36,864 36,844
Diluted 37,855 38,038 37,738
Commissions [Member]      
Revenues      
Revenues $ 390,834 $ 355,282 $ 332,307
Information Services [Member]      
Revenues      
Revenues 28,227 25,806 23,269
Post-trade Services [Member]      
Revenues      
Revenues 15,346 11,090 10,812
Other [Member]      
Revenues      
Revenues $ 1,158 $ 1,244 $ 1,342