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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Commissions and fees $ 399,691 $ 376,463 $ 405,679
Recurring 75,911 81,916 107,184
Other 8,092 10,673 121,940
Total revenues 483,694 469,052 634,803
Expenses:      
Compensation and employee benefits 184,716 188,886 209,323
Transaction processing 100,747 90,271 91,492
Occupancy and equipment 68,563 56,189 57,495
Telecommunications and data processing services 48,477 56,643 51,523
Restructuring charges   9,620  
Other general and administrative 72,641 108,466 101,915
Interest expense 2,025 2,217 1,829
Total expenses 477,169 512,292 513,577
Income (loss) before income tax expense (benefit) 6,525 (43,240) 121,226
Income tax expense (benefit) 45,965 (17,322) 29,656
Net (loss) income $ (39,440) $ (25,918) $ 91,570
(Loss) income per share:      
Basic (in dollars per share) $ (1.19) $ (0.79) $ 2.70
Diluted (in dollars per share) $ (1.19) $ (0.79) $ 2.63
Basic weighted average number of common shares outstanding (in shares) 33,009 32,906 33,907
Diluted weighted average number of common shares outstanding (in shares) 33,009 32,906 34,815