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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Commissions and fees $ 245,983 $ 241,053 $ 507,435 $ 491,727
Investment income 393 346 617 677
Other income, net 440 2,266 992 3,534
Total revenues 246,816 243,665 509,044 495,938
EXPENSES        
Employee compensation and benefits 125,852 121,372 252,409 243,555
Non-cash stock-based compensation 2,709 1,780 5,482 3,735
Other operating expenses 34,979 33,622 71,055 69,955
Amortization 13,556 12,650 27,065 25,203
Depreciation 3,079 3,129 6,214 6,382
Interest 3,608 3,632 7,215 7,240
Change in estimated acquisition earn-out payables 1,565 (533) 1,466 (1,229)
Total expenses 185,348 175,652 370,906 354,841
Income before income taxes 61,468 68,013 138,138 141,097
Income taxes 24,433 26,828 54,810 55,784
Net income $ 37,035 $ 41,185 $ 83,328 $ 85,313
Net income per share:        
Basic $ 0.26 $ 0.29 $ 0.58 $ 0.60
Diluted $ 0.26 $ 0.29 $ 0.57 $ 0.59
Weighted average number of shares outstanding:        
Basic 138,379 137,685 138,365 137,654
Diluted 139,942 139,105 140,950 138,937
Dividends declared per share $ 0.0800 $ 0.0775 $ 0.1600 $ 0.1550