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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES        
Commissions and fees $ 769,654 $ 671,396 $ 2,309,610 $ 1,966,056
Investment income 430 349 909 1,844
Other income, net 221 2,217 2,414 3,364
Total revenues 770,305 673,962 2,312,933 1,971,264
EXPENSES        
Employee compensation and benefits 394,997 362,767 1,220,107 1,058,907
Other operating expenses 101,071 91,403 291,690 274,103
(Gain)/loss on disposal (288) (994) (4,332) (1,285)
Amortization 29,523 27,059 88,562 80,190
Depreciation 9,200 6,647 25,457 18,836
Interest 16,175 13,234 48,802 42,334
Change in estimated acquisition earn-out payables 23,138 15,318 20,643 4,996
Total expenses 573,816 515,434 1,690,929 1,478,081
Income before income taxes 196,489 158,528 622,004 493,183
Income taxes 50,135 24,549 136,617 110,020
Net income $ 146,354 $ 133,979 $ 485,387 $ 383,163
Net income per share:        
Basic (in dollars per share) $ 0.52 $ 0.47 $ 1.72 $ 1.35
Diluted (in dollars per share) 0.52 0.47 1.71 1.35
Dividends declared per share (in dollars per share) $ 0.093 $ 0.085 $ 0.278 $ 0.255