Item 6. Selected Financial Data

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Item 6. Selected Financial Data

The following table shows selected financial data of the Company that should be read together with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Consolidated Financial Statements and corresponding notes included in Items 7 and 8, respectively, of this Form 10-K:



	Year Ended December 31,
	2016		2015		2014			2013			2012
	(In thousands, except per share amounts)
Income Statement Data:
Total operating revenues	$	656,946	$	634,545	$	617,225		$	572,050		$	512,338
Total operating expenses	358,746		314,617		303,424			286,236			268,241
Operating income	298,200		319,928		313,801			285,814			244,097
Total other income/(expense)	8,404		4,096		(4,104		)	(2,158		)	(1,546		)
Income before income taxes	306,604		324,024		309,697			283,656			242,551
Income tax provision	120,884		119,001		119,983			107,657			85,156
Net income	$	185,720	$	205,023	$	189,714		$	175,999		$	157,395
Net income allocated to common stockholders	$	184,945	$	204,125	$	188,392		$	173,863		$	155,254
Net income per share allocated to common stockholders
Basic	$	2.27	$	2.46	$	2.21		$	1.99		$	1.78
Diluted	2.27		2.46		2.21			1.99			1.78
Cash dividends declared per share (1) (2)	0.96		0.88		0.78			1.16			1.29
Balance Sheet Data:
Total assets	$	476,615	$	384,788	$	383,901		$	441,589		$	338,858
Total liabilities	146,069		125,143		133,834			157,072			99,736
Redeemable noncontroling interests	12,600		—		—			—			—
Total stockholders' equity	317,946		259,645		250,067			284,517			239,122
Average daily volume by product (3)
Equities	1,446		1,559		1,939			1,721			1,977
Indexes	1,719		1,620		1,613			1,479			1,217
Exchange-traded products	1,297		1,274		1,507			1,353			1,247
Total options average daily volume	4,462		4,453		5,059			4,553			4,441
Futures	239		205		201			159			96
Total average daily volume	4,701		4,658		5,260			4,712			4,537


(1)	On December 11, 2012, the Company's board of directors declared a special cash dividend of $0.75 per share. This was in addition to the quarterly cash dividends which aggregated $0.54 per share for the year ended December 31, 2012.


(2)	On December 10, 2013, the Company's board of directors declared a special cash dividend of $0.50 per share. This was in addition to the quarterly cash dividends which aggregated $0.66 per share for the year ended December 31, 2013.


(3)	Average daily volume equals the total contracts traded during the period divided by the number of trading days in the period.

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