Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 92,437 $ 96,185
Commissions receivable 4,549 3,342
Prepaid expenses 5,474 7,542
Income tax receivable 0 4,049
Marketable securities, available-for-sale 81,775 79,860
Other assets, net 4,938 5,136
Total current assets 189,173 196,114
Prepaid rent 11,483 9,075
Property and equipment, net 14,303 11,579
Marketable securities, available-for-sale 64,178 54,395
Assets held in rabbi trust 7,106 5,661
Deferred tax assets, net 33,903 35,285
Other assets 9,657 9,116
Total assets 329,803 321,225
Current liabilities:    
Accounts payable and accrued expenses 8,343 9,135
Notes payable to former stockholders 986 939
Commissions payable 23,540 34,091
Income tax payable 5,303 0
Accrued bonuses and other employee related expenses 14,995 30,846
Total current liabilities 53,167 75,011
Deferred compensation and commissions 38,580 43,678
Notes payable to former stockholders 8,686 9,671
Deferred rent and other liabilities 4,336 3,875
Total liabilities 104,769 132,235
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2016, and December 31, 2015, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,607,636 and 37,396,456 at June 30, 2016, and December 31, 2015, respectively 4 4
Additional paid-in capital 83,155 80,591
Stock notes receivable from employees (4) (4)
Retained earnings 140,281 107,942
Accumulated other comprehensive income 1,598 457
Total stockholders' equity 225,034 188,990
Total liabilities and stockholders' equity $ 329,803 $ 321,225