Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.2.0.727
Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Commissions $ 143,326 $ 106,346 $ 282,745 $ 206,945
Advisory fees 119,403 82,053 229,934 158,932
Investment banking 11,207 11,391 17,814 27,390
Principal transactions 583 484 1,007 1,266
Interest and dividends 800 1,669 1,347 3,372
Service fees and other income 21,429 18,810 42,724 34,666
Total revenues 296,748 220,753 575,571 432,571
Expenses:        
Commissions and fees 221,413 162,001 432,375 313,740
Compensation and benefits 37,393 25,091 71,799 52,981
Non-cash compensation 2,424 2,083 5,684 4,010
Brokerage, communication and clearance fees 5,111 4,247 10,536 8,654
Rent and occupancy, net of sublease revenue 2,822 1,517 4,962 3,050
Professional services 3,735 2,816 6,844 4,964
Interest 1,275 1,599 2,715 3,492
Depreciation and amortization 6,692 3,787 13,282 7,625
Acquisition-related expense 10 458 118 458
Amortization of retention and forgivable loans 2,910 2,893 5,608 5,673
Loss on extinguishment of debt 0 0 252 314
Other 15,796 10,571 29,552 19,075
Total expenses 299,581 217,063 583,727 424,036
(Loss) income before item shown below (2,833) 3,690 (8,156) 8,535
Change in fair value of contingent consideration 0 0 31 12
(Loss) income before income taxes (2,833) 3,690 (8,125) 8,547
Income tax (benefit) expense (356) 767 (2,076) 1,360
Net (loss) income (2,477) 2,923 (6,049) 7,187
Net loss attributable to non-controlling interest (8) (21) (28) (42)
Net (loss) income attributable to the Company (2,469) 2,944 (6,021) 7,229
Dividends declared on preferred stock (7,152) (3,710) (13,484) (6,935)
Net (loss) income available to common shareholders $ (9,621) $ (766) $ (19,505) $ 294
Net (loss) income per share available to common shareholders (basic) (in dollars per share) $ (0.05) $ 0.00 $ (0.11) $ 0.00
Net (loss) income per share available to common shareholders (diluted) (in dollars per share) $ (0.05) $ 0.00 $ (0.11) $ 0.00
Weighted average common shares used in computation of per share data:        
Basic (in shares) 184,743,052 181,739,505 184,870,096 181,621,442
Diluted (in shares) 184,743,052 181,739,505 184,870,096 202,727,441