Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Commissions $ 163,286 $ 130,050
Advisory fees 114,383 127,003
Investment banking 16,490 6,489
Principal transactions 167 320
Interest and dividends 787 635
Service fees 24,902 18,556
Other income 9,369 7,238
Total revenues 329,384 290,291
Expenses:    
Commissions and fees 231,311 218,734
Compensation and benefits 47,249 39,125
Non-cash compensation 1,494 1,429
Brokerage, communication and clearance fees 5,319 4,565
Rent and occupancy, net of sublease revenue 2,493 2,392
Professional services 5,018 4,123
Interest 1,866 477
Depreciation and amortization 5,809 7,432
Acquisition-related expenses 913 176
Amortization of retention and forgivable loans 76 1,591
Amortization of contract acquisition costs 2,210 0
Other 17,929 14,917
Total expenses 321,687 294,961
Income (loss) before item shown below 7,697 (4,670)
Change in fair value of contingent consideration (61) 152
Income (loss) before income taxes 7,636 (4,518)
Income tax expense (benefit) 2,172 (839)
Net income (loss) 5,464 (3,679)
Net income (loss) attributable to noncontrolling interest 1 (5)
Net income (loss) attributable to the Company 5,463 (3,674)
Dividends declared on preferred stock (8,508) (7,924)
Net loss available to common shareholders $ (3,045) $ (11,598)
Net loss per common share available to common shareholders (basic) (in USD per share) $ (0.02) $ (0.06)
Net loss per common share available to common shareholders (diluted) (in USD per share) $ (0.02) $ (0.06)
Weighted average common shares used in computation of per share data:    
Basic (in shares) 195,898,794 192,270,615
Diluted (in shares) 195,898,794 192,270,615