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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Trading income, net $ 257,540 $ 406,162
Interest and dividends income 29,131 17,949
Commissions, net and technology services 75,147 53,844
Total revenue 362,991 815,053
Operating Expenses:    
Brokerage, exchange and clearance fees, net 64,053 87,824
Communication and data processing 41,814 49,486
Employee compensation and payroll taxes 107,837 64,670
Payments for order flow 23,561 16,256
Interest and dividends expense 45,369 33,624
Operations and administrative 22,078 19,919
Depreciation and amortization 16,450 15,339
Amortization of purchased intangibles and acquired capitalized software 10,922 6,851
Termination of office leases 0 19,970
Debt issue cost related to debt refinancing and prepayment 9,214 6,021
Transaction advisory fees and expenses 15,109 7,496
Charges related to share based compensation at IPO 0 14
Financing interest expense on long-term borrowings 22,788 19,047
Total operating expenses 379,195 346,517
Income (loss) before income taxes and noncontrolling interest (16,204) 468,536
Provision for (benefit from) income taxes (2,585) 58,514
Net income (loss) (13,619) 410,022
Noncontrolling interest 6,946 (235,271)
Net income (loss) available for common stockholders $ (6,673) $ 174,751
Earnings per share    
Basic (in dollars per share) $ (0.07) $ 1.89
Diluted (in dollars per share) $ (0.07) $ 1.86
Weighted average common shares outstanding    
Basic (in shares) 107,319,812 90,699,321
Diluted (in shares) 107,319,812 92,406,318
Comprehensive income    
Net income (loss) $ (13,619) $ 410,022
Other comprehensive income (loss)    
Foreign exchange translation adjustment, net of taxes (3,744) 2,529
Comprehensive income (loss) (17,363) 412,551
Less: Comprehensive income (loss) attributable to noncontrolling interest 8,554 (236,559)
Comprehensive income (loss) attributable to common stockholders (8,809) 175,992
Other, net    
Revenues:    
Total revenue $ 1,173 $ 337,098