Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Real estate brokerage commissions $ 170,118 $ 160,221 $ 323,782 $ 294,414
Financing fees 10,726 11,150 19,459 19,181
Other revenues 2,543 2,111 4,418 6,428
Total revenues 183,387 173,482 347,659 320,023
Operating expenses:        
Cost of services 113,126 105,557 209,279 191,715
Selling, general and administrative expense 40,420 37,589 82,675 73,418
Depreciation and amortization expense 1,009 807 2,015 1,587
Total operating expenses 154,555 143,953 293,969 266,720
Operating income 28,832 29,529 53,690 53,303
Other income (expense), net 618 362 848 487
Interest expense (384) (386) (775) (969)
Income before provision for income taxes 29,066 29,505 53,763 52,821
Provision for income taxes 11,542 11,949 21,424 21,596
Net income 17,524 17,556 32,339 31,225
Other comprehensive income (loss):        
Unrealized gain (loss) on marketable securities, net of tax of $271, $332, $721 and $206 for the three months ended June 30, 2016, and 2015 and the six months ended June 30, 2016, and 2015, respectively 426 (493) 1,106 (305)
Foreign currency translation (loss) gain, net of tax of $0, $31, $0 and $86 for the three months ended June 30, 2016, and 2015 and the six months ended June 30, 2016, and 2015, respectively (12) (46) 35 127
Total other comprehensive income 414 (539) 1,141 (178)
Comprehensive income $ 17,938 $ 17,017 $ 33,480 $ 31,047
Earnings per share:        
Basic $ 0.45 $ 0.45 $ 0.83 $ 0.80
Diluted $ 0.45 $ 0.45 $ 0.83 $ 0.80
Weighted average common shares outstanding:        
Basic 38,918 38,870 38,905 38,858
Diluted 39,054 39,057 39,008 39,006