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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Commissions $ 172,264 $ 182,104 $ 347,538 $ 380,034
Principal transactions 95,703 126,426 212,560 247,374
Investment banking 185,261 133,125 312,113 233,783
Asset management and service fees 172,914 144,567 335,653 289,099
Interest 108,951 65,780 209,904 128,607
Other income 7,198 17,405 15,950 24,595
Total revenues 742,291 669,407 1,433,718 1,303,492
Interest expense 16,644 17,262 32,540 31,373
Net revenues [1] 725,647 652,145 1,401,178 1,272,119
Non-interest expenses:        
Compensation and benefits 453,876 460,023 890,263 871,136
Occupancy and equipment rental 57,892 58,746 110,437 116,002
Communications and office supplies 34,192 37,426 68,036 74,086
Commissions and floor brokerage 11,232 12,145 21,955 23,876
Other operating expenses 85,257 68,012 148,270 127,313
Total non-interest expenses 642,449 636,352 1,238,961 1,212,413
Income from operations before income tax expense 83,198 15,793 162,217 59,706
Provision for income taxes 30,387 6,022 43,894 22,880
Net income 52,811 9,771 118,323 36,826
Preferred dividends 2,344   4,688  
Net income available to common shareholders $ 50,467 $ 9,771 $ 113,635 $ 36,826
Earnings per common share:        
Basic $ 0.74 $ 0.15 $ 1.66 $ 0.55
Diluted $ 0.63 $ 0.13 $ 1.41 $ 0.48
Weighted-average number of common shares outstanding:        
Basic 68,556 66,792 68,471 67,186
Diluted 80,021 75,982 80,391 76,084
[1] No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2017 or 2016.