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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Commissions and fees $ 93,475 $ 83,485 $ 293,919 $ 277,141
Recurring 18,930 19,214 56,813 63,220
Other 2,126 1,486 6,215 9,102
Total revenues 114,531 104,185 356,947 349,463
Expenses:        
Compensation and employee benefits 46,755 45,127 139,433 145,906
Transaction processing 23,428 20,799 73,766 65,731
Occupancy and equipment 14,945 13,849 45,247 41,893
Telecommunications and data processing services 12,189 13,720 36,345 43,341
Restructuring charges       4,355
Other general and administrative 18,670 37,927 53,684 87,663
Interest expense 499 561 1,529 1,668
Total expenses 116,486 131,983 350,004 390,557
(Loss) income before income tax expense (benefit) (1,955) (27,798) 6,943 (41,094)
Income tax expense (benefit) 45,012 (3,887) 43,965 (9,460)
Net loss $ (46,967) $ (23,911) $ (37,022) $ (31,634)
Loss per share:        
Basic (in dollars per share) $ (1.42) $ (0.73) $ (1.12) $ (0.96)
Diluted (in dollars per share) $ (1.42) $ (0.73) $ (1.12) $ (0.96)
Basic weighted average number of common shares outstanding (in shares) 33,105 32,725 33,060 33,006
Diluted weighted average number of common shares outstanding (in shares) 33,105 32,725 33,060 33,006