Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 67,632 $ 149,159
Commissions receivable 3,882 3,412
Employee notes receivable 214 216
Prepaid expenses 6,392 7,536
Income tax receivable   1,711
Marketable securities, available for sale 89,764  
Deferred tax assets, net 14,284 13,600
Other assets, net 3,404 2,839
Total current assets 185,572 178,473
Prepaid rent 8,183 3,645
Property and equipment, net 9,725 7,693
Employee notes receivable 152 162
Marketable securities, available for sale 45,004 14,752
Assets held in rabbi trust 5,334 4,332
Deferred tax assets, net 23,674 21,265
Other assets 6,585 3,282
Total assets 284,229 233,604
Current liabilities:    
Accounts payable and accrued expenses 7,572 9,488
Accounts payable and accrued expenses - related party, net 92 97
Notes payable to former stockholders 939 894
Commissions payable 23,376 28,932
Income tax payable 7,539  
Accrued bonuses and other employee related expenses 22,700 27,793
Total current liabilities 62,218 67,204
Deferred compensation and commissions 38,586 36,581
Notes payable to former stockholders 9,671 10,610
Other liabilities 3,402 2,400
Total liabilities $ 113,877 $ 116,795
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at September 30, 2015 and December 31, 2014
Common Stock $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,117,674 and 36,918,442 at September 30, 2015 and December 31, 2014, respectively $ 4 $ 4
Additional paid-in capital 82,088 75,058
Stock notes receivable from employees (4) (4)
Retained earnings 87,993 41,592
Accumulated other comprehensive income 271 159
Total stockholders' equity 170,352 116,809
Total liabilities and stockholders' equity $ 284,229 $ 233,604