| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||
Revenues | |||||||||||
- | - | - | 334,787 | - | - | - | - | - | - | - | - |
Advisory revenues | |||||||||||
- | - | - | - | 260,281 | 280,452 | 286,908 | 291,545 | 302,833 | 252,201 | 215,993 | 218,196 |
Investment revenues | |||||||||||
- | - | - | 732 | 1,279 | -5,218 | 244 | -6,466 | -8,840 | 26,128 | 82,300 | 121 |
Interest income | |||||||||||
- | - | - | - | - | - | - | - | - | - | 352 | 3,554 |
Revenues | |||||||||||
301,012 | 351,985 | 239,182 | 335,519 | 261,560 | 275,234 | 287,152 | 285,079 | 293,993 | 278,329 | 298,645 | 221,873 |
Operating Expenses | |||||||||||
Employee compensation and benefits | |||||||||||
178,946 | 195,195 | 160,201 | 182,478 | 147,200 | 147,552 | 155,666 | 151,795 | 162,578 | 159,882 | 138,298 | 102,049 |
Occupancy and equipment rental | |||||||||||
22,289 | 21,933 | 20,713 | 19,553 | 21,271 | 18,983 | 18,094 | 17,777 | 17,457 | 15,750 | 11,706 | 10,640 |
Depreciation and amortization | |||||||||||
2,565 | 2,870 | 3,114 | 3,243 | 3,433 | 3,228 | 4,461 | 7,240 | 8,009 | 5,986 | 4,117 | 4,592 |
Information services | |||||||||||
9,940 | 9,898 | 9,529 | 8,920 | 8,975 | 8,625 | 8,299 | 8,040 | 7,273 | 6,805 | 5,704 | 5,671 |
Professional fees | |||||||||||
10,017 | 10,465 | 8,212 | 6,851 | 7,856 | 5,651 | 5,427 | 5,392 | 5,694 | 7,329 | 6,756 | 4,784 |
Travel related expenses | |||||||||||
13,523 | 13,483 | 13,142 | 11,912 | 12,580 | 11,386 | 11,785 | 10,981 | 10,325 | 10,129 | 7,774 | 6,999 |
Other operating expenses | |||||||||||
17,889 | 17,273 | 17,371 | 11,454 | 14,472 | 11,101 | 11,218 | 12,363 | 11,947 | 11,420 | 9,101 | 5,695 |
Total operating expenses | |||||||||||
255,169 | 271,117 | 232,282 | 244,411 | 215,787 | 207,764 | 215,946 | 214,604 | 225,323 | 219,378 | 184,751 | 144,014 |
Total operating income (loss) | |||||||||||
45,843 | 80,868 | 6,900 | 91,108 | 45,773 | - | - | - | - | - | - | - |
Interest expense | |||||||||||
27,420 | 22,438 | 7,198 | 3,227 | 2,478 | 1,238 | 996 | 1,016 | 2,040 | 2,077 | 1,295 | 3,580 |
Income (loss) before taxes | |||||||||||
18,423 | 58,430 | -298 | 87,881 | 43,295 | 67,470 | 71,206 | 70,475 | 68,670 | 58,951 | 113,894 | 77,858 |
Provision (benefit) for taxes | |||||||||||
7,445 | 19,208 | 26,353 | 27,119 | 17,697 | 24,082 | 24,524 | 28,383 | 24,086 | 19,530 | 42,736 | 29,391 |
Net income (loss) | |||||||||||
10,978 | 39,222 | -26,651 | - | - | - | - | - | - | - | - | - |
Less: Net income allocated to noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | - | 6 | 4,895 | -82 | -511 |
Net income (loss) | |||||||||||
- | - | - | 60,762 | 25,598 | 43,388 | 46,682 | 42,092 | 44,578 | 34,526 | 71,240 | 48,978 |
Net income (loss) | |||||||||||
- | - | - | - | - | - | - | - | 44,584 | 39,421 | 71,158 | 48,466 |
Average shares outstanding: | |||||||||||
Basic (shares) | |||||||||||
24,025 | 26,813 | 32,075 | 32,042 | 31,197 | 30,354 | 30,134 | 30,553 | 31,020 | 30,726 | 29,663 | 28,166 |
Diluted (shares) | |||||||||||
24,272 | 27,638 | 32,075 | 32,074 | 31,200 | 30,357 | 30,160 | 30,561 | 31,034 | 30,776 | 29,753 | 28,214 |
Earnings (loss) per share: | |||||||||||
Basic (usd per share) | |||||||||||
0.46 | 1.46 | -0.83 | 1.90 | 0.82 | 1.43 | 1.55 | 1.38 | 1.44 | 1.12 | 2.40 | 1.74 |
Diluted (usd per share) | |||||||||||
0.45 | 1.42 | -0.83 | 1.89 | 0.82 | 1.43 | 1.55 | 1.38 | 1.44 | 1.12 | 2.39 | 1.74 |
Dividends declared and paid per share (usd per share) | |||||||||||
- | - | - | - | 1.80 | 1.80 | 1.80 | 1.80 | 1.80 | 1.80 | 1.80 | 1.80 |