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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Commissions and fees $ 110,860 $ 106,453 $ 229,786 $ 214,877
Recurring 26,447 24,975 53,379 50,552
Other 3,187 7,038 7,056 10,646
Total revenues 140,494 138,466 290,221 276,075
Expenses:        
Compensation and employee benefits 53,899 52,720 111,307 103,897
Transaction processing 25,187 20,109 49,760 40,605
Occupancy and equipment 14,470 14,985 28,842 30,063
Telecommunications and data processing services 13,011 12,655 25,783 25,352
Other general and administrative 42,408 20,715 60,165 39,820
Interest expense 468 594 973 1,230
Total expenses 149,443 121,778 276,830 240,967
(Loss) income before income tax expense (8,949) 16,688 13,391 35,108
Income tax expense 1,261 3,762 6,868 8,562
Net (loss) income $ (10,210) $ 12,926 $ 6,523 $ 26,546
(Loss) income per share:        
Basic (in dollars per share) $ (0.30) $ 0.36 $ 0.19 $ 0.74
Diluted (in dollars per share) $ (0.30) $ 0.35 $ 0.18 $ 0.72
Basic weighted average number of common shares outstanding (in shares) 34,076 35,720 34,172 35,900
Diluted weighted average number of common shares outstanding (in shares) 34,076 36,641 35,329 36,933