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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Commissions $ 598,949 $ 501,434 $ 548,733
Principal transactions 459,968 408,935 346,304
Investment banking 448,060 281,280 185,654
Asset management and service fees 305,639 257,981 228,831
Interest 142,539 108,705 89,199
Other income 64,659 69,148 19,651
Total revenues 2,019,814 1,627,483 1,418,372
Interest expense 46,368 33,370 25,304
Net revenues 1,973,446 [1] 1,594,113 [1] 1,393,068 [1]
Non-interest expenses:      
Compensation and benefits 1,311,386 1,010,140 887,210
Occupancy and equipment rental 158,268 128,365 119,944
Communications and office supplies 99,726 79,406 74,037
Commissions and floor brokerage 37,225 29,610 25,423
Other operating expenses 181,612 116,845 148,305
Total non-interest expenses 1,788,217 1,364,366 1,254,919
Income before income tax expense 185,229 229,747 138,149
Provision for income taxes 12,322 84,451 53,880
Income from continuing operations 172,907 145,296 84,269
Income/(loss) from discontinued operations, net of tax (10,894) (6,723) (135)
Net income $ 162,013   $ 84,134
Earnings per basic common share      
Income from continuing operations $ 2.72 $ 2.71 $ 1.61
Income/(loss) from discontinued operations $ (0.17) $ (0.12)  
Earnings per basic common share $ 2.55 $ 2.59 $ 1.61
Earnings per diluted common share      
Income from continuing operations $ 2.35 $ 2.31 $ 1.34
Income/(loss) from discontinued operations $ (0.15) $ (0.11)  
Earnings per diluted common share $ 2.20 $ 2.20 $ 1.34
Weighted average number of common shares outstanding:      
Basic 63,568 53,563 52,418
Diluted 73,504 62,937 63,058
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2013, 2012, or 2011.