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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Commissions and fees $ 2,384,737 $ 2,009,857 $ 1,857,270
Investment income 5,780 2,746 1,626
Other income, net 1,654 1,643 22,451
Total revenues 2,392,171 2,014,246 1,881,347
EXPENSES      
Employee compensation and benefits 1,308,165 1,068,914 994,652
Other operating expenses 377,089 332,118 283,470
(Gain)/loss on disposal (10,021) (2,175) (2,157)
Amortization 105,298 86,544 85,446
Depreciation 23,417 22,834 22,698
Interest 63,660 40,580 38,316
Change in estimated acquisition earn-out payables (1,366) 2,969 9,200
Total expenses 1,866,242 1,551,784 1,431,625
Income before income taxes 525,929 462,462 449,722
Income taxes 127,415 118,207 50,092
Net income $ 398,514 $ 344,255 $ 399,630
Net income per share:      
Basic (in dollars per share) $ 1.42 $ 1.24 $ 1.43
Diluted (in dollars per share) 1.40 1.22 1.40
Dividends declared per share (in dollars per share) $ 0.33 $ 0.31 $ 0.28