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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Commissions and fees $ 83,485 $ 89,934 $ 277,141 $ 319,720
Recurring 19,214 26,659 63,220 80,038
Other 1,486 3,816 9,102 10,872
Total revenues 104,185 120,409 349,463 410,630
Expenses:        
Compensation and employee benefits 45,127 46,305 145,906 157,612
Transaction processing 20,799 21,621 65,731 71,381
Occupancy and equipment 13,849 14,229 41,893 43,071
Telecommunications and data processing services 13,720 12,779 43,341 38,562
Restructuring charge     4,355  
Other general and administrative 37,927 21,856 87,663 82,021
Interest expense 561 429 1,668 1,402
Total expenses 131,983 117,219 390,557 394,049
(Loss) income before income tax expense (27,798) 3,190 (41,094) 16,581
Income tax (benefit) expense (3,887) 480 (9,460) 7,348
Net (loss) income $ (23,911) $ 2,710 $ (31,634) $ 9,233
(Loss) income per share:        
Basic (in dollars per share) $ (0.73) $ 0.08 $ (0.96) $ 0.27
Diluted (in dollars per share) $ (0.73) $ 0.08 $ (0.96) $ 0.26
Basic weighted average number of common shares outstanding (in shares) 32,725 33,859 33,006 34,066
Diluted weighted average number of common shares outstanding (in shares) 32,725 34,547 33,006 34,976