Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited)

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Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Real estate brokerage commissions $ 104,748 $ 61,198
Financing fees 6,100 5,014
Other revenues 3,742 3,158
Total revenues 114,590 69,370
Operating expenses:    
Cost of services 68,396 41,221
Selling, general, and administrative expense 33,357 24,732
Depreciation and amortization expense 775 760
Total operating expenses 102,528 66,713
Operating income 12,062 2,657
Other (expense) income, net (61) 242
Interest expense (404)  
Income before provision for income taxes 11,597 2,899
Provision for income taxes 4,815 1,261
Net income 6,782 1,638
Other comprehensive income:    
Foreign currency translation gain, net of tax of $30 and $0 for the three months ended March 31, 2014 and 2013, respectively 42  
Total other comprehensive income 42  
Comprehensive income $ 6,824 $ 1,638
Earnings per share:    
Basic $ 0.17 [1]  
Diluted $ 0.17 [1]  
Weighted average common shares outstanding:    
Basic 38,847 [1]  
Diluted 38,907 [1]  
[1] Earnings per share information has not been presented for periods prior to the IPO on October 31, 2013. See Note 10 - "Earning Per Share."