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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012
REVENUES |  |  |  |
Commissions and fees | $ 358,196 | $ 302,310 | $ 1,016,139 | $ 888,785
Investment income | 85 | 239 | 510 | 561
Other income, net | 1,029 | 1,251 | 3,465 | 7,856
Total revenues | 359,310 | 303,800 | 1,020,114 | 897,202
EXPENSES |  |  |  |
Employee compensation and benefits | 180,528 | 149,691 | 503,540 | 450,039
Non-cash stock-based compensation | 7,431 | 3,908 | 14,904 | 11,393
Other operating expenses | 50,102 | 43,774 | 143,838 | 129,394
Amortization | 17,858 | 15,956 | 50,140 | 47,450
Depreciation | 4,466 | 3,958 | 12,896 | 11,383
Interest | 4,135 | 4,006 | 12,116 | 12,093
Change in estimated acquisition earn-out payables | (665) | 858 | 1,513 | (134)
Total expenses | 263,855 | 222,151 | 738,947 | 661,618
Income before income taxes | 95,455 | 81,649 | 281,167 | 235,584
Income taxes | 37,706 | 32,145 | 111,280 | 94,176
Net income | $ 57,749 | $ 49,504 | $ 169,887 | $ 141,408
Net income per share: |  |  |  |
Basic | $ 0.40 | $ 0.34 | $ 1.18 | $ 0.99
Diluted | $ 0.39 | $ 0.34 | $ 1.16 | $ 0.97
Weighted average number of shares outstanding: |  |  |  |
Basic | 141,139 | 139,465 | 140,925 | 139,185
Diluted | 142,789 | 142,097 | 142,476 | 141,769
Dividends declared per share | $ 0.0900 | $ 0.0850 | $ 0.2700 | $ 0.2550

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