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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Commissions $ 729,989 $ 749,536 $ 674,418
Principal transactions 475,428 389,319 409,823
Investment banking 513,034 503,052 578,689
Asset management and service fees 582,789 493,761 386,001
Interest 294,332 179,101 185,969
Other income 46,798 62,224 14,785
Total revenues 2,642,370 2,376,993 2,249,685
Interest expense 66,874 45,399 41,261
Net revenues [1] 2,575,496 2,331,594 2,208,424
Non-interest expenses:      
Compensation and benefits 1,726,016 1,568,862 1,403,932
Occupancy and equipment rental 231,324 207,465 169,040
Communications and office supplies 139,644 130,678 106,926
Commissions and floor brokerage 44,315 42,518 36,555
Other operating expenses 291,615 240,504 201,177
Total non-interest expenses 2,432,914 2,190,027 1,917,630
Income from continuing operations before income tax expense 142,582 141,567 290,794
Provision for income taxes 61,062 49,231 111,664
Income from continuing operations 81,520 92,336 179,130
Discontinued operations:      
Loss from discontinued operations, net of tax     (3,063)
Net income 81,520 92,336 176,067
Preferred dividends 3,906    
Net Income available to common shareholders $ 77,614 $ 92,336 $ 176,067
Earnings per basic common share      
Income from continuing operations $ 1.16 $ 1.35 $ 2.69
Income from discontinued operations     (0.04)
Earnings per basic common share 1.16 1.35 2.65
Earnings per diluted common share      
Income from continuing operations 1.00 1.18 2.35
Income from discontinued operations     (0.04)
Earnings per diluted common share $ 1.00 $ 1.18 $ 2.31
Weighted-average number of common shares outstanding:      
Basic 66,871 68,543 66,472
Diluted 77,563 78,554 76,376
[1] No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2016, 2015, and 2014.