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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Commissions and fees $ 725,919 $ 598,157 $ 1,539,956 $ 1,294,660
Investment income 229 333 479 1,495
Other income, net 1,204 316 2,193 1,147
Total revenues 727,352 598,806 1,542,628 1,297,302
EXPENSES        
Employee compensation and benefits 395,611 346,515 825,111 696,139
Other operating expenses 96,255 75,568 190,619 182,700
(Gain)/loss on disposal (3,851) (31) (4,044) (291)
Amortization 29,546 26,741 59,039 53,132
Depreciation 8,801 6,168 16,257 12,189
Interest 16,285 13,809 32,626 29,100
Change in estimated acquisition earn-out payables (1,604) 635 (2,495) (10,322)
Total expenses 541,043 469,405 1,117,113 962,647
Income before income taxes 186,309 129,401 425,515 334,655
Income taxes 47,019 32,617 86,482 85,471
Net income $ 139,290 $ 96,784 $ 339,033 $ 249,184
Net income per share:        
Basic (in dollars per share) $ 0.49 $ 0.34 $ 1.20 $ 0.88
Diluted (in dollars per share) 0.49 0.34 1.20 0.88
Dividends declared per share (in dollars per share) $ 0.093 $ 0.085 $ 0.185 $ 0.170