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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Commissions $ 1,645,818 $ 1,511,522 $ 1,334,383
Principal transactions 321,923 313,053 317,856
Fees from related parties 29,442 24,076 27,094
Data, software and post-trade 73,166 65,185 54,557
Interest income 18,319 14,404 14,557
Other revenues 15,563 9,570 2,504
Total revenues 2,104,231 1,937,810 1,750,951
Expenses:      
Compensation and employee benefits 1,127,911 1,001,623 950,477
Equity-based compensation and allocations of net income to limited partnership units and FPUs 165,612 205,070 233,241
Total compensation and employee benefits 1,293,523 1,206,693 1,183,718
Occupancy and equipment 184,807 149,594 142,884
Fees to related parties 19,365 20,163 15,820
Professional and consulting fees 92,167 84,103 63,369
Communications 119,982 118,014 119,379
Selling and promotion 81,645 69,338 62,463
Commissions and floor brokerage 63,617 61,891 43,130
Interest expense 59,077 41,733 76,958
Other expenses 107,423 64,309 70,145
Total expenses 2,021,606 1,815,838 1,777,866
Other income (losses), net:      
Gain (loss) on divestiture and sale of investments 18,421   561
Gains (losses) on equity method investments 4,115 7,377 4,627
Other income (loss) 32,953 50,468 25,863
Total other income (losses), net 55,489 57,845 31,051
Income (loss) from operations before income taxes 138,114 179,817 4,136
Provision (benefit) for income taxes 53,171 76,120 92,772
Consolidated net income (loss) from continuing operations 84,943 103,697 (88,636)
Consolidated net income (loss) from discontinued operations, net of tax   176,169 170,365
Consolidated net income (loss) 84,943 279,866 81,729
Less: Net income (loss) from continuing operations attributable to noncontrolling interest in subsidiaries 29,236 29,993 36,167
Less: Net income (loss) from discontinued operations attributable to noncontrolling interest in subsidiaries   52,353 (5,913)
Net income (loss) available to common stockholders 55,707 197,520 51,475
Basic earnings (loss) per share from continuing operations      
Net income (loss) from continuing operations available to common stockholders $ 55,707 $ 73,704 $ (124,803)
Basic earnings (loss) per share from continuing operations $ 0.16 $ 0.23 $ (0.43)
Basic weighted-average shares of common stock outstanding 344,332 322,141 287,378
Fully diluted earnings (loss) per share from continuing operations      
Net income (loss) from continuing operations for fully diluted shares $ 83,531 $ 73,704 $ (124,803)
Fully diluted earnings (loss) per share from continuing operations $ 0.16 $ 0.23 $ (0.43)
Fully diluted weighted-average shares of common stock outstanding 524,550 323,844 287,378