Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Operations

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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Commissions $ 93,067 $ 79,670
Advisory fees 63,337 55,438
Investment banking 13,069 6,622
Principal transactions 420 (401)
Interest and dividends 1,611 878
Service fees and other income 15,801 12,508
Total revenues 187,305 154,715
Expenses:    
Commissions and fees 134,468 114,088
Compensation and benefits 23,635 19,640
Non-cash compensation 1,413 1,364
Brokerage, communication and clearance fees 2,588 2,442
Rent and occupancy, net of sublease revenue 1,499 1,676
Professional services 2,088 1,729
Interest 6,236 6,060
Depreciation and amortization 3,907 4,063
Amortization of retention loans 1,808 1,792
Other 9,040 9,787
Total expenses 186,682 162,641
Loss before item shown below 623 (7,926)
Change in fair value of contingent consideration 23 5,555
Loss before taxes 646 (2,371)
Income tax expense 523 608
Net loss before minority interest 123 (2,979)
Less: net loss attributable to noncontrolling interest 13 0
Net loss $ 136 $ (2,979)
Net loss per common share (basic and diluted) $ 0.00 $ (0.02)
Weighted average common shares used in computation of per share data:    
Basic 183,459,124 183,679,060
Diluted 188,458,448 183,679,060