XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues:        
Transaction fees $ 111,926 $ 144,823 $ 347,863 $ 345,162
Access fees 13,019 13,062 39,447 40,119
Exchange services and other fees 11,513 10,978 34,263 30,443
Market data fees 8,222 7,133 24,363 22,702
Regulatory fees 9,116 8,204 27,436 25,332
Other revenue 2,411 2,835 8,494 14,841
Total Operating Revenues 156,207 187,035 481,866 478,599
Operating Expenses:        
Compensation and benefits 28,344 29,583 83,980 79,158
Depreciation and amortization 10,200 12,394 34,311 34,071
Technology support services 5,608 5,342 16,944 15,480
Professional fees and outside services 21,381 12,619 49,758 37,163
Royalty fees 19,399 21,840 57,849 52,744
Order routing 536 581 557 1,994
Travel and promotional expenses 2,610 1,407 7,616 6,434
Facilities costs 1,322 874 4,268 3,552
Other expenses 1,157 1,285 3,485 3,969
Total Operating Expenses 90,557 85,925 258,768 234,565
Operating Income 65,650 101,110 223,098 244,034
Other Income/(Expense):        
Investment and other income 1,557 68 7,921 177
Net income from investments 306 289 830 165
Interest and other borrowing costs (177) (16) (232) (16)
Total Other Income 1,686 341 8,519 326
Income Before Income Taxes 67,336 101,451 231,617 244,360
Income tax provision 26,885 33,935 91,059 89,739
Net Income 40,451 67,516 140,558 154,621
Net loss attributable to noncontrolling interests 270 0 792 0
Net Income Excluding Noncontrolling Interests 40,721 67,516 141,350 154,621
Change in redemption value of noncontrolling interest (270) 0 (792) 0
Net income allocated to participating securities 171 297 584 676
Net Income allocated to common stockholders $ 40,280 $ 67,219 $ 139,974 $ 153,945
Net Income Per Share Allocated to Common Stockholders:        
Basic $ 0.50 $ 0.81 $ 1.72 $ 1.85
Diluted $ 0.50 $ 0.81 $ 1.72 $ 1.85
Diluted EPS Denominator:        
Basic 81,285 82,755 81,481 83,329
Diluted 81,285 82,755 81,481 83,329