STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating revenue
Management fee revenue, net	$ 367,458	$ 343,234
Service agreement revenue	7,270	7,597
Total operating revenue	374,728	350,831
Operating expenses
Commissions	208,714	193,717
Salaries and employee benefits	53,289	55,019
All other operating expenses	45,060	49,665
Total operating expenses	307,063	298,401
Net revenue from operations	67,665	52,430
Investment income
Net investment income	4,662	4,541
Net realized investment losses	(1,088)	(240)
Net impairment losses recognized in earnings	(345)	(120)
Equity in (losses) earnings of limited partnerships	(670)	2,358
Total investment income	2,559	6,539
Income before income taxes	70,224	58,969
Income tax expense	24,329	20,136
Net income	$ 45,895	$ 38,833
Class A
Net income per share
Common stock - basic (in dollars per share)	$ 0.99	$ 0.83
Common stock - diluted (in dollars per share)	$ 0.87	$ 0.74
Weighted average shares outstanding – Basic
Common stock - basic (in shares)	46,189,068	46,189,068
Weighted average shares outstanding – Diluted
Common stock - diluted (in shares)	52,523,927	52,634,752
Dividends declared per share
Common stock (in dollars per share)	$ 0.730	$ 0.681
Class B
Net income per share
Common stock - basic (in dollars per share)	148	125
Common stock - diluted (in dollars per share)	$ 148	$ 125
Weighted average shares outstanding – Basic
Common stock - basic (in shares)	2,542	2,542
Weighted average shares outstanding – Diluted
Common stock - diluted (in shares)	2,542	2,542
Dividends declared per share
Common stock (in dollars per share)	$ 109.500	$ 102.150