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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Commissions $ 668,599 $ 545,720
Principal transactions 91,918 85,743
Gains from mortgage banking activities/originations, net 38,914 45,261
Real estate management and other services 96,878 50,630
Servicing fees 28,926 24,832
Fees from related parties 6,590 6,938
Data, software and post-trade 15,099 13,087
Interest income 8,748 10,006
Other revenues 974 976
Total revenues 956,646 783,193
Expenses:    
Compensation and employee benefits 534,811 460,631
Allocations of net income and grant of exchangeability to limited partnership units and FPUs 65,232 63,193
Total compensation and employee benefits 600,043 523,824
Occupancy and equipment 54,784 50,829
Fees to related parties 7,764 6,490
Professional and consulting fees 26,081 21,670
Communications 34,850 32,173
Selling and promotion 29,849 24,641
Commissions and floor brokerage 14,095 10,430
Interest expense 27,138 18,763
Other expenses 68,591 42,393
Total expenses 863,195 731,213
Other income (losses) , net:    
Gain (loss) on divestiture and sale of investments   557
Gains (losses) on equity method investments 5,801 237
Other income (loss) 33,942 5,020
Total other income (losses), net 39,743 5,814
Income (loss) from operations before income taxes 133,194 57,794
Provision (benefit) for income taxes 35,763 6,678
Consolidated net income (loss) 97,431 51,116
Less: Net income (loss) attributable to noncontrolling interest in subsidiaries 38,657 14,291
Net income (loss) available to common stockholders 58,774 36,825
Basic earnings (loss) per share    
Net income (loss) available to common stockholders $ 58,774 $ 36,825
Basic earnings (loss) per share $ 0.19 $ 0.13
Basic weighted-average shares of common stock outstanding 307,728 283,399
Fully diluted earnings (loss) per share    
Net income (loss) for fully diluted shares $ 88,757 $ 56,634
Fully diluted earnings (loss) per share $ 0.19 $ 0.13
Fully diluted weighted-average shares of common stock outstanding 478,935 444,826
Dividends declared per share of common stock $ 0.18 $ 0.16
Dividends declared and paid per share of common stock $ 0.18 $ 0.16