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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 503,980 $ 483,930
Expenses:    
Compensation and employee benefits 289,074 300,257
Equity-based compensation and allocations of net income to limited partnership units and FPUs 14,248 12,914
Total compensation and employee benefits 303,322 313,171
Operating, administrative and other 107,175 92,281
Fees to related parties 6,250 5,812
Depreciation and amortization 21,053 46,039
Total operating expenses 437,800 457,303
Other (loss) income, net (2,210) 1,438
Income from operations 63,970 28,065
Interest expense, net (8,813) (9,030)
Income before income taxes and noncontrolling interests 55,157 19,035
Provision for income taxes 10,579 4,797
Consolidated net income 44,578 14,238
Less: Net income attributable to noncontrolling interests 11,473 6,056
Net income available to common stockholders 33,105 8,182
Basic earnings per share    
Net income available to common stockholders [1] $ 31,464 $ 5,737
Basic earnings per share (in usd per share) $ 0.17 $ 0.03
Basic weighted-average shares of common stock outstanding (in shares) 183,254 177,545
Fully diluted earnings per share    
Net income for fully diluted shares $ 43,925 $ 8,933
Fully diluted earnings per share (in usd per share) $ 0.16 $ 0.03
Fully diluted weighted-average shares of common stock outstanding (in shares) 271,194 263,646
Commissions    
Revenues:    
Revenues $ 268,836 $ 268,362
Gains from mortgage banking activities/originations, net    
Revenues:    
Revenues 47,393 50,422
Management services, servicing fees and other    
Revenues:    
Revenues $ 187,751 $ 165,146
[1] Includes a reduction for dividends on preferred stock or EPUs in the amount of $1.6 million and $2.4 million for the three months ended March 31, 2021 and 2020, respectively.