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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Commissions $ 455,855 $ 430,182
Principal transactions 113,311 84,230
Fees from related parties 5,521 5,795
Data, software and post-trade 19,398 17,910
Interest income 4,161 3,665
Other revenues 4,921 2,969
Total revenues 603,167 544,751
Expenses:    
Compensation and employee benefits 344,749 288,000
Equity-based compensation and allocations of net income to limited partnership units and FPUs 42,204 12,141
Total compensation and employee benefits 386,953 300,141
Occupancy and equipment 51,074 46,002
Fees to related parties 5,435 2,927
Professional and consulting fees 19,956 20,005
Communications 30,521 30,411
Selling and promotion 18,699 18,402
Commissions and floor brokerage 19,277 14,618
Interest expense 17,334 13,198
Other expenses 19,188 24,015
Total expenses 568,437 469,719
Other income (losses) , net:    
Gain (loss) on divestitures and sale of investments   20,054
Gains (losses) on equity method investments 1,023 783
Other income (loss) (6,015) 21,202
Total other income (losses), net (4,992) 42,039
Income (loss) from operations before income taxes 29,738 117,071
Provision (benefit) for income taxes 8,706 29,897
Consolidated net income (loss) 21,032 87,174
Less: Net income (loss) attributable to noncontrolling interest in subsidiaries 6,718 25,306
Net income (loss) available to common stockholders 14,314 61,868
Basic earnings (loss) per share    
Net income (loss) available to common stockholders $ 14,314 $ 61,868
Basic earnings (loss) per share $ 0.04 $ 0.18
Basic weighted-average shares of common stock outstanding 358,001 338,403
Fully diluted earnings (loss) per share    
Net income (loss) for fully diluted shares $ 20,259 $ 90,765
Fully diluted earnings (loss) per share $ 0.04 $ 0.18
Fully diluted weighted-average shares of common stock outstanding 538,442 516,066