XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Commissions and fees $ 814,037 $ 696,503
Investment income 250 1,161
Other 989 831
Total revenues 815,276 698,495
EXPENSES    
Employee compensation and benefits 429,498 349,624
Other operating expenses 94,363 107,132
(Gain)/loss on disposal (193) (260)
Amortization 29,493 26,391
Depreciation 7,456 6,021
Interest 16,342 15,291
Change in estimated acquisition earn-out payables (890) (10,957)
Total expenses 576,069 493,242
Income before income taxes 239,207 205,253
Income taxes 39,463 52,853
Net income $ 199,744 $ 152,400
Net income per share:    
Basic (in dollars per share) $ 0.71 $ 0.54
Diluted (in dollars per share) 0.70 0.54
Dividends declared per share (in dollars per share) $ 0.093 $ 0.085