XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Commissions and fees $ 472,068 $ 464,724 $ 972,406 $ 909,290
Investment income 731 351 1,332 594
Other income, net 388 1,230 910 21,501
Total revenues 473,187 466,305 974,648 931,385
EXPENSES        
Employee compensation and benefits 251,958 244,517 522,857 490,383
Other operating expenses 83,694 71,312 160,007 138,231
(Gain)/loss on disposal (230) 9 (2,650) (91)
Amortization 20,785 21,347 41,324 42,967
Depreciation 5,599 5,655 11,151 11,753
Interest 10,052 9,874 19,723 19,556
Change in estimated acquisition earn-out payables 419 5,589 2,885 9,617
Total expenses 372,277 358,303 755,297 712,416
Income before income taxes 100,910 108,002 219,351 218,969
Income taxes 26,988 41,900 54,601 82,757
Net income $ 73,922 $ 66,102 $ 164,750 $ 136,212
Net income per share:        
Basic (in dollars per share) $ 0.27 $ 0.24 $ 0.60 $ 0.49
Diluted (in dollars per share) 0.26 0.23 0.58 0.48
Dividends declared per share (in dollars per share) $ 0.075 $ 0.068 $ 0.150 $ 0.135