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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Commissions and fees $ 98,960 $ 118,926
Recurring 22,195 26,932
Other 3,513 3,869
Total revenues 124,668 149,727
Expenses:    
Compensation and employee benefits 52,464 57,408
Transaction processing 22,834 24,573
Occupancy and equipment 13,978 14,372
Telecommunications and data processing services 14,773 12,772
Other general and administrative 23,722 17,757
Interest expense 535 505
Total expenses 128,306 127,387
(Loss) income before income tax expense (3,638) 22,340
Income tax (benefit) expense (1,132) 5,607
Net (loss) income $ (2,506) $ 16,733
(Loss) income per share:    
Basic (in dollars per share) $ (0.08) $ 0.49
Diluted (in dollars per share) $ (0.08) $ 0.47
Basic weighted average number of common shares outstanding (in shares) 33,106 34,268
Diluted weighted average number of common shares outstanding (in shares) 33,106 35,451