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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Commissions and fees $ 94,696 $ 110,860 $ 193,656 $ 229,786
Recurring 21,811 26,447 44,006 53,379
Other 4,103 3,187 7,616 7,056
Total revenues 120,610 140,494 245,278 290,221
Expenses:        
Compensation and employee benefits 48,315 53,899 100,779 111,307
Transaction processing 22,098 25,187 44,932 49,760
Occupancy and equipment 14,066 14,470 28,044 28,842
Telecommunications and data processing services 14,848 13,011 29,621 25,783
Restructuring charge 4,355   4,355  
Other general and administrative 26,014 42,408 49,736 60,165
Interest expense 572 468 1,107 973
Total expenses 130,268 149,443 258,574 276,830
(Loss) income before income tax expense (9,658) (8,949) (13,296) 13,391
Income tax (benefit) expense (4,441) 1,261 (5,573) 6,868
Net (loss) income $ (5,217) $ (10,210) $ (7,723) $ 6,523
(Loss) income per share:        
Basic (in dollars per share) $ (0.16) $ (0.30) $ (0.23) $ 0.19
Diluted (in dollars per share) $ (0.16) $ (0.30) $ (0.23) $ 0.18
Basic weighted average number of common shares outstanding (in shares) 33,189 34,076 33,147 34,172
Diluted weighted average number of common shares outstanding (in shares) 33,189 34,076 33,147 35,329