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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Commissions and fees$ 117,648$ 105,948$ 348,174$ 358,366
Recurring28,54821,91282,28366,644
Other3,2232,53611,6577,398
Total revenues149,419130,396442,114432,408
Expenses:    
Compensation and employee benefits54,10950,627167,266158,678
Transaction processing24,84019,40170,97063,641
Occupancy and equipment14,90414,42344,90944,589
Telecommunications and data processing services14,55912,75944,50039,365
Other general and administrative23,18121,65268,10371,737
Goodwill impairment  225,0355,375
Restructuring charges  17,6782,250
Acquisition related costs0 2,523 
Interest expense6361581,400588
Total expenses132,229119,020642,384386,223
Income (loss) before income tax expense (benefit)17,19011,376(200,270)46,185
Income tax expense (benefit)6,7135,166(24,153)24,035
Net income (loss)$ 10,477$ 6,210$ (176,117)$ 22,150
Earnings (loss) per share:    
Basic (in dollars per share)$ 0.26$ 0.15$ (4.29)$ 0.51
Diluted (in dollars per share)$ 0.25$ 0.14$ (4.29)$ 0.51
Basic weighted average number of common shares outstanding (in shares)40,61542,40741,05143,148
Diluted weighted average number of common shares outstanding (in shares)41,27142,94141,05143,776