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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Commissions $ 356,664 $ 435,220
Principal transactions 115,601 98,763
Fees from related parties 3,317 3,785
Data, software and post-trade 24,127 21,986
Interest and dividend income 2,435 3,038
Other revenues 4,320 4,784
Total revenues 506,464 567,576
Expenses:    
Compensation and employee benefits 257,268 308,343
Equity-based compensation and allocations of net income to limited partnership units and FPUs 57,876 33,495
Total compensation and employee benefits 315,144 341,838
Occupancy and equipment 38,663 48,390
Fees to related parties 5,725 5,382
Professional and consulting fees 15,631 16,206
Communications 27,891 29,810
Selling and promotion 10,938 7,488
Commissions and floor brokerage 17,343 17,929
Interest expense 14,303 17,853
Other expenses 17,775 16,037
Total expenses 463,413 500,933
Other income (losses), net:    
Gains (losses) on equity method investments 2,803 1,466
Other income (loss) (496) 5,406
Total other income (losses), net 2,307 6,872
Income (loss) from operations before income taxes 45,358 73,515
Provision (benefit) for income taxes 14,657 14,939
Consolidated net income (loss) 30,701 58,576
Less: Net income (loss) attributable to noncontrolling interest in subsidiaries 4,729 15,860
Net income (loss) available to common stockholders 25,972 42,716
Basic earnings (loss) per share    
Net income (loss) available to common stockholders $ 25,972 $ 42,716
Basic earnings (loss) per share (in dollars per share) $ 0.07 $ 0.11
Basic weighted-average shares of common stock outstanding (in shares) 368,323 374,318
Fully diluted earnings (loss) per share    
Net income (loss) for fully diluted shares $ 33,638 $ 61,703
Fully diluted earnings (loss) per share (in shares) $ 0.07 $ 0.11
Fully diluted weighted-average shares of common stock outstanding (in shares) 502,877 557,068