Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.4.0.3
Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Commissions $ 127,910 $ 139,419
Advisory fees 110,925 110,531
Investment banking 4,502 6,607
Principal transactions 133 424
Interest and dividends 1,729 547
Service fees and other income 20,597 21,295
Total revenues 265,796 278,823
Expenses:    
Commissions and fees 199,741 210,962
Compensation and benefits 36,827 34,406
Non-cash compensation 1,355 3,260
Brokerage, communication and clearance fees 5,030 5,425
Rent and occupancy, net of sublease revenue 2,450 2,140
Professional services 3,426 3,109
Interest 1,207 1,440
Depreciation and amortization 6,875 6,590
Acquisition-related expenses 0 108
Loss on extinguishment of debt 0 252
Amortization of retention and forgivable loans 1,434 2,698
Other 13,779 13,756
Total expenses 272,124 284,146
Loss before item shown below (6,328) (5,323)
Change in fair value of contingent consideration (57) 31
Loss before income taxes (6,385) (5,292)
Income tax benefit (8,769) (1,720)
Net income (loss) 2,384 (3,572)
Net loss attributable to noncontrolling interest (18) (20)
Net income (loss) attributable to the Company 2,402 (3,552)
Dividends declared on preferred stock (7,345) (6,332)
Net loss available to common shareholders $ (4,943) $ (9,884)
Net loss per common share available to common shareholders (basic) (in dollars per share) $ (0.03) $ (0.05)
Net loss per common share available to common shareholders (diluted) (in dollars per share) $ (0.03) $ (0.05)
Weighted average common shares used in computation of per share data:    
Basic (in shares) 181,363,446 184,998,551
Diluted (in shares) 181,363,446 184,998,551