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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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| Revenues: | ||||
| Real estate brokerage commissions | $ 101,757 | $ 82,620 | $ 258,720 | $ 216,029 |
| Financing fees | 6,783 | 5,195 | 18,671 | 13,413 |
| Other revenues | 3,413 | 3,413 | 9,403 | 8,636 |
| Total revenues | 111,953 | 91,228 | 286,794 | 238,078 |
| Operating expenses: | ||||
| Cost of services | 67,718 | 54,194 | 170,395 | 138,903 |
| Selling, general, and administrative expense | 30,863 | 25,007 | 84,687 | 70,907 |
| Depreciation and amortization expense | 747 | 732 | 2,261 | 2,227 |
| Total operating expenses | 99,328 | 79,933 | 257,343 | 212,037 |
| Operating income | 12,625 | 11,295 | 29,451 | 26,041 |
| Other income, net | 247 | 41 | 496 | 324 |
| Income before provision for income taxes | 12,872 | 11,336 | 29,947 | 26,365 |
| Provision for income taxes | 5,597 | 4,931 | 13,025 | 11,469 |
| Net income | $ 7,275 | $ 6,405 | $ 16,922 | $ 14,896 |
| X | ||||||||||
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- Definition
Fees earned from financing of commercial properties on purchase transactions, refinancing our clients existing mortgage debt and other financing related fees. No definition available.
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- Definition
The amount of commissions revenue earned from acting as a broker for commercial real estate owner sellers or investor buyers. No definition available.
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fee and commission revenue earned from sources not otherwise specified in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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