XML 24 R9.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Earnings per Share | 3 Months Ended
--- | ---
Mar. 31, 2017
Earnings per Share |
Earnings per share | 3. Earnings per Share Net income available for common stockholders is based on the Company’s approximate 29.9% interest in Virtu Financial. The below table contains a reconciliation of net income before noncontrolling interest to net income available for common stockholders:
|  | For the Three Months Ended |  | For the Three Months Ended |
(in thousands) |  | March 31, 2017 |  | March 31, 2016 |
Income before income taxes and noncontrolling interest |  | $ | 23,882 |  | $ | 58,702 |
Provision for income taxes |  |  | 2,808 |  |  | 7,346 |
Net income |  |  | 21,074 |  |  | 51,356 |
Noncontrolling interest |  |  | (16,494) |  |  | (41,008) |
Net income available for common stockholders |  | $ | 4,580 |  | $ | 10,348 |
The calculation of basic and diluted earnings per share is presented below:
|  | For the Three Months Ended March 31, |
(in thousands, except for share or per share data) |  | 2017 |  | 2016 |
Basic earnings per share: |  |  |  |  |  |  |
Net income available for common stockholders |  | $ | 4,580 |  | $ | 10,348 |
Less: Dividends and undistributed earnings allocated to participating securities |  |  | (353) |  |  | (221) |
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities |  |  | 4,227 |  |  | 10,127 |
Weighted average shares of common stock outstanding: |  |  |  |  |  |  |
Class A |  |  | 40,398,381 |  |  | 38,210,209 |
Basic Earnings per share |  | $ | 0.10 |  | $ | 0.27 |
|  | For the Three Months Ended March 31, |
(in thousands, except for share or per share data) |  | 2017 |  | 2016 |
Diluted earnings per share: |  |  |  |  |  |  |
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities |  | $ | 4,227 |  | $ | 10,127 |
Weighted average shares of common stock outstanding: |  |  |  |  |  |  |
Class A |  |  |  |  |  |  |
Issued and outstanding |  |  | 40,398,381 |  |  | 38,210,209 |
Issuable pursuant to 2015 Management Incentive Plan(1) |  |  | — |  |  | 279,280 |
|  |  | 40,398,381 |  |  | 38,489,489 |
Diluted Earnings per share |  | $ | 0.10 |  | $ | 0.26 |
| (1) |  | The dilutive impact of unexercised stock options excludes from the computation of EPS 774,529 options for the three months ended March 31, 2017 because inclusion of the options would have been anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration