Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF NET AND COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF NET AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 716,906 $ 806,428 $ 814,816
Operating expenses:      
Cost of services 447,879 498,878 502,883
Selling, general and administrative 204,514 203,110 193,349
Depreciation and amortization 10,899 8,017 6,297
Total operating expenses 663,292 710,005 702,529
Operating income 53,614 96,423 112,287
Other income (expense), net 6,650 12,477 6,333
Interest expense (900) (1,388) (1,400)
Income before provision for income taxes 59,364 107,512 117,220
Provision for income taxes 16,526 30,582 29,963
Net income 42,838 76,930 87,257
Marketable debt securities, available-for-sale:      
Change in net unrealized gains (losses) 799 1,822 (536)
Less: reclassification adjustment for net losses (gains) included in other income (expense), net 34 (43) 7
Net change, net of tax of $286, $611 and $(177) for the years ended December 31, 2020, 2019 and 2018, respectively 833 1,779 (529)
Foreign currency translation (loss) gain, net of tax of $0 for each of the years ended December 31, 2020, 2019 and 2018, respectively (237) (576) 377
Total other comprehensive income (loss) 596 1,203 (152)
Comprehensive income $ 43,434 $ 78,133 $ 87,105
Earnings per share:      
Basic $ 1.08 $ 1.95 $ 2.23
Diluted $ 1.08 $ 1.95 $ 2.22
Weighted average common shares outstanding:      
Basic 39,642 39,404 39,149
Diluted 39,735 39,548 39,383
Real Estate Brokerage Commissions [Member]      
Revenues:      
Total revenues $ 633,164 $ 729,356 $ 747,355
Financing Fees [Member]      
Revenues:      
Total revenues 70,538 66,293 57,817
Other Revenues [Member]      
Revenues:      
Total revenues $ 13,204 $ 10,779 $ 9,644