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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
REVENUES |  |  |  |
Commissions and fees | $ 394,690 | $ 324,150 | $ 756,697 | $ 657,943
Investment income | 194 | 239 | 297 | 425
Other income, net | 2,880 | 1,403 | 4,364 | 2,436
Total revenues | 397,764 | 325,792 | 761,358 | 660,804
EXPENSES |  |  |  |
Employee compensation and benefits | 196,397 | 163,514 | 380,507 | 323,012
Non-cash stock-based compensation | 5,994 | 3,623 | 13,509 | 7,473
Other operating expenses | 60,546 | 47,397 | 113,007 | 93,736
Amortization | 20,623 | 16,121 | 38,499 | 32,282
Depreciation | 5,242 | 4,263 | 9,882 | 8,430
Interest | 7,004 | 3,997 | 11,076 | 7,981
Change in estimated acquisition earn-out payables | 177 | 656 | 6,260 | 2,178
Total expenses | 295,983 | 239,571 | 572,740 | 475,092
Income before income taxes | 101,781 | 86,221 | 188,618 | 185,712
Income taxes | 40,026 | 34,214 | 74,448 | 73,574
Net income | $ 61,755 | $ 52,007 | $ 114,170 | $ 112,138
Net income per share: |  |  |  |
Basic | $ 0.43 | $ 0.36 | $ 0.79 | $ 0.78
Diluted | $ 0.42 | $ 0.36 | $ 0.78 | $ 0.77
Dividends declared per share | $ 0.1000 | $ 0.0900 | $ 0.2000 | $ 0.1800

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