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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Commissions $ 148,648 $ 123,303
Principal transactions 107,244 116,233
Investment banking 78,379 70,438
Asset management and service fees 68,912 60,818
Interest 29,845 25,257
Other income 20,212 13,294
Total revenues 453,240 409,343
Interest expense 11,460 9,010
Net revenues 441,780 [1] 400,333 [1]
Non-interest expenses:    
Compensation and benefits 315,727 254,704
Occupancy and equipment rental 34,048 30,791
Communications and office supplies 22,979 20,373
Commissions and floor brokerage 9,058 7,612
Other operating expenses 36,622 27,599
Total non-interest expenses 418,434 341,079
Income before income tax expense 23,346 59,254
Provision for income taxes 8,727 24,481
Net income $ 14,619 $ 34,773
Earnings per common share:    
Basic $ 0.24 $ 0.65
Diluted $ 0.21 [2] $ 0.55 [2]
Weighted average number of common shares outstanding:    
Basic 60,054 53,243
Diluted 69,189 62,669
[1] No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2013 or 2012.
[2] Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include stock options and units.