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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Trading income, net $ 426,395 $ 306,168 $ 834,490 $ 718,679
Interest and dividends income $ 107,066 $ 97,979 $ 213,058 $ 180,223
Revenue from contract with customer, product and service [Extensible Enumeration] Commissions, Net and Technology Services [Member] Commissions, Net and Technology Services [Member] Commissions, Net and Technology Services [Member] Commissions, Net and Technology Services [Member]
Commissions, net and technology services $ 126,101 $ 109,504 $ 244,712 $ 230,948
Other, net 33,423 (6,797) 43,564 (2,617)
Total revenue 692,985 506,854 1,335,824 1,127,233
Operating Expenses:        
Brokerage, exchange, clearance fees and payments for order flow, net 150,787 122,471 290,586 267,993
Communication and data processing 59,327 56,959 117,509 113,771
Employee compensation and payroll taxes 105,716 95,557 206,539 198,994
Interest and dividends expense 123,693 112,493 249,721 210,094
Operations and administrative 22,061 25,491 44,407 49,790
Depreciation and amortization 16,078 15,913 32,154 31,261
Amortization of purchased intangibles and acquired capitalized software 12,153 16,020 26,840 32,040
Termination of office leases 16 (146) 33 (50)
Debt issue cost related to debt refinancing, prepayment and commitment fees 24,279 1,771 25,973 3,948
Transaction advisory fees and expenses 60 8 195 23
Financing interest expense on long-term borrowings 23,430 24,850 46,662 49,138
Total operating expenses 537,600 471,387 1,040,619 957,002
Income before income taxes and noncontrolling interest 155,385 35,467 295,205 170,231
Provision for income taxes 27,268 5,923 55,780 30,605
Net income 128,117 29,544 239,425 139,626
Noncontrolling interest (61,531) (12,842) (117,022) (65,044)
Net income available for common stockholders $ 66,586 $ 16,702 $ 122,403 $ 74,582
Earnings per share        
Basic (in dollars per share) $ 0.71 $ 0.16 $ 1.30 $ 0.73
Diluted (in dollars per share) $ 0.71 $ 0.16 $ 1.30 $ 0.73
Weighted average common shares outstanding        
Basic (in shares) 88,137,799 94,973,489 88,568,461 96,376,926
Diluted (in shares) 88,358,223 94,973,489 88,671,329 96,376,926
Net Income $ 128,117 $ 29,544 $ 239,425 $ 139,626
Other comprehensive income        
Foreign exchange translation adjustment, net of taxes 436 2,527 (3,090) 4,175
Net change in unrealized cash flow hedges gain (loss), net of taxes (12,910) 8,202 (11,363) (4,966)
Comprehensive income 115,643 40,273 224,972 138,835
Less: Comprehensive income attributable to noncontrolling interest (56,252) (17,189) (110,907) (64,724)
Comprehensive income attributable to common stockholders $ 59,391 $ 23,084 $ 114,065 $ 74,111