Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Commissions $ 130,489 $ 127,910
Advisory fees 126,746 110,925
Investment banking 6,489 4,502
Principal transactions 320 133
Interest and dividends 3,774 1,729
Service fees and other income 22,473 20,597
Total revenues 290,291 265,796
Expenses:    
Commissions and fees 218,734 199,741
Compensation and benefits 39,125 36,827
Non-cash compensation 1,429 1,355
Brokerage, communication and clearance fees 4,565 5,030
Rent and occupancy, net of sublease revenue 2,392 2,450
Professional services 4,064 3,155
Interest 477 1,207
Depreciation and amortization 7,432 6,875
Acquisition-related expenses 176 36
Amortization of retention and forgivable loans 1,591 1,434
Other 14,976 14,014
Total expenses 294,961 272,124
Loss before item shown below (4,670) (6,328)
Change in fair value of contingent consideration 152 (57)
Loss before income taxes (4,518) (6,385)
Income tax benefit (839) (8,769)
Net (loss) income (3,679) 2,384
Net loss attributable to noncontrolling interest (5) (18)
Net (loss) income attributable to the Company (3,674) 2,402
Dividends declared on preferred stock (7,924) (7,345)
Net loss available to common shareholders $ (11,598) $ (4,943)
Net loss per common share available to common shareholders (basic) (in USD per share) $ (0.06) $ (0.03)
Net loss per common share available to common shareholders (diluted) (in USD per share) $ (0.06) $ (0.03)
Weighted average common shares used in computation of per share data:    
Basic (in shares) 192,270,615 181,363,446
Diluted (in shares) 192,270,615 181,363,446