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, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 1,296,440 $ 716,906 $ 806,428
Operating expenses:      
Cost of services 840,209 447,879 498,878
Selling, general and administrative 255,154 204,514 203,110
Depreciation and amortization 11,721 10,899 8,017
Total operating expenses 1,107,084 663,292 710,005
Operating income 189,356 53,614 96,423
Other income (expense), net 4,527 6,650 12,477
Interest expense (580) (900) (1,388)
Income before provision for income taxes 193,303 59,364 107,512
Provision for income taxes 50,833 16,526 30,582
Net income 142,470 42,838 76,930
Marketable debt securities, available-for-sale:      
Change in net unrealized gains/losses (1,554) 799 1,822
Less: reclassification adjustment for net losses (gains) included in other income (expense), net 72 34 (43)
Net change, net of tax of $(505), $286 and $611 for the years ended December 31, 2021, 2020 and 2019, respectively (1,482) 833 1,779
Foreign currency translation loss, net of tax of $0 for each of the years ended December 31, 2021, 2020 and 2019, respectively (182) (237) (576)
Total other comprehensive (loss) income (1,664) 596 1,203
Comprehensive income $ 140,806 $ 43,434 $ 78,133
Earnings per share:      
Basic $ 3.57 $ 1.08 $ 1.95
Diluted $ 3.55 $ 1.08 $ 1.95
Weighted average common shares outstanding:      
Basic 39,888 39,642 39,404
Diluted 40,187 39,735 39,548
Real Estate Brokerage Commissions [Member]      
Revenues:      
Total revenues $ 1,170,969 $ 633,164 $ 729,356
Financing Fees [Member]      
Revenues:      
Total revenues 109,690 70,538 66,293
Other Revenues [Member]      
Revenues:      
Total revenues $ 15,781 $ 13,204 $ 10,779