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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Commissions $ 182,104 $ 183,771 $ 380,034 $ 364,073
Principal transactions 126,426 85,542 247,374 186,275
Investment banking 133,125 161,007 233,783 285,568
Asset management and service fees 144,567 119,936 289,099 233,805
Interest 65,780 43,852 128,607 86,588
Other income 17,405 13,741 24,595 25,541
Total revenues 669,407 607,849 1,303,492 1,181,850
Interest expense 17,262 10,098 31,373 23,117
Net revenues [1] 652,145 597,751 1,272,119 1,158,733
Non-interest expenses:        
Compensation and benefits 460,023 409,998 871,136 765,691
Occupancy and equipment rental 58,746 48,346 116,002 92,516
Communications and office supplies 37,426 31,114 74,086 60,348
Commissions and floor brokerage 12,145 9,124 23,876 19,193
Other operating expenses 68,012 61,098 127,313 112,848
Total non-interest expenses 636,352 559,680 1,212,413 1,050,596
Income from operations before income tax expense 15,793 38,071 59,706 108,137
Provision for income taxes 6,022 17,183 22,880 44,152
Net income $ 9,771 $ 20,888 $ 36,826 $ 63,985
Earnings per common share:        
Basic $ 0.15 $ 0.31 $ 0.55 $ 0.94
Diluted $ 0.13 $ 0.27 $ 0.48 $ 0.82
Weighted-average number of common shares outstanding:        
Basic 66,792 68,370 67,186 68,189
Diluted 75,982 77,856 76,084 77,624
[1] No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2016 or 2015.