XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Commissions and fees $ 617,463 $ 500,338
Investment income 1,081 601
Other income, net 736 522
Total revenues 619,280 501,461
EXPENSES    
Employee compensation and benefits 332,837 270,899
Other operating expenses 88,783 76,313
(Gain)/loss on disposal 505 (2,420)
Amortization 26,192 20,539
Depreciation 6,035 5,552
Interest 15,198 9,671
Change in estimated acquisition earn-out payables 1,210 2,466
Total expenses 470,760 383,020
Income before income taxes 148,520 118,441
Income taxes 34,624 27,613
Net income $ 113,896 $ 90,828
Net income per share:    
Basic (in dollars per share) $ 0.41 $ 0.33
Diluted (in dollars per share) 0.40 0.32
Dividends declared per share (in dollars per share) $ 0.080 $ 0.075