XML 54 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES      
Commissions and fees $ 1,355,503 $ 1,189,081 $ 1,005,962
Investment income 638 797 1,267
Other income, net 7,138 10,154 6,313
Total revenues 1,363,279 1,200,032 1,013,542
EXPENSES      
Employee compensation and benefits 683,000 608,506 508,675
Non-cash stock-based compensation 22,603 15,865 11,194
Other operating expenses 195,677 174,389 144,079
Amortization 67,932 63,573 54,755
Depreciation 17,485 15,373 12,392
Interest 16,440 16,097 14,132
Change in estimated acquisition earn-out payables 2,533 1,418 (2,206)
Total expenses 1,005,670 895,221 743,021
Income before income taxes 357,609 304,811 270,521
Income taxes 140,497 120,766 106,526
Net income $ 217,112 $ 184,045 $ 163,995
Net income per share:      
Basic $ 1.50 $ 1.28 $ 1.15
Diluted $ 1.48 $ 1.26 $ 1.13
Weighted average number of shares outstanding:      
Basic 141,033 139,364 138,582
Diluted 142,624 142,010 140,264
Dividends declared per share $ 0.3700 $ 0.3450 $ 0.3250