Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Real estate brokerage commissions $ 153,664 $ 134,193
Financing fees 8,733 8,031
Other revenues 1,875 4,317
Total revenues 164,272 146,541
Operating expenses:    
Cost of services 96,153 86,158
Selling, general, and administrative expense 42,255 35,829
Depreciation and amortization expense 1,006 780
Total operating expenses 139,414 122,767
Operating income 24,858 23,774
Other income (expense), net 230 125
Interest expense (391) (583)
Income before provision for income taxes 24,697 23,316
Provision for income taxes 9,882 9,647
Net income 14,815 13,669
Other comprehensive income:    
Unrealized gain on marketable securities, net of tax of $450 and $126 for the three months ended March 31, 2016 and 2015, respectively 680 188
Foreign currency translation gain, net of tax of $0 and $117 for the three months ended March 31, 2016 and 2015, respectively 47 173
Total other comprehensive income 727 361
Comprehensive income $ 15,542 $ 14,030
Earnings per share:    
Basic $ 0.38 $ 0.35
Diluted $ 0.38 $ 0.35
Weighted average common shares outstanding:    
Basic 38,891 39,029
Diluted 38,956 39,152