Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 240,019 $ 220,786
Commissions receivable 6,870 9,586
Prepaid expenses 7,654 9,661
Income tax receivable 0 1,308
Marketable securities, available-for-sale 85,486 73,560
Other assets, net 4,918 5,529
Total current assets 344,947 320,430
Prepaid rent 14,910 15,392
Property and equipment, net 17,159 17,153
Marketable securities, available-for-sale 31,917 52,099
Assets held in rabbi trust 8,890 8,787
Deferred tax assets, net 21,371 22,640
Goodwill and other intangible assets 5,727 0
Other assets 29,250 23,163
Total assets 474,171 459,664
Current liabilities:    
Accounts payable and other liabilities 8,279 9,202
Notes payable to former stockholders 1,087 1,035
Deferred compensation and commissions 34,107 49,180
Income tax payable 217 0
Accrued bonuses and other employee related expenses 16,910 23,842
Total current liabilities 60,600 83,259
Deferred compensation and commissions 41,557 49,361
Notes payable to former stockholders 6,564 7,651
Deferred rent and other liabilities 6,553 4,505
Total liabilities 115,274 144,776
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2018 and December 31, 2017, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,621,712 and 38,374,011 at June 30, 2018 and December 31, 2017, respectively 4 4
Additional paid-in capital 94,291 89,877
Stock notes receivable from employees (4) (4)
Retained earnings 264,262 224,071
Accumulated other comprehensive income 344 940
Total stockholders' equity 358,897 314,888
Total liabilities and stockholders' equity $ 474,171 $ 459,664