Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 187,371 $ 96,185
Commissions receivable 4,809 3,342
Prepaid expenses 8,094 7,542
Income tax receivable 1,182 4,049
Marketable securities, available-for-sale 27,454 79,860
Other assets, net 5,102 5,136
Total current assets 234,012 196,114
Prepaid rent 13,285 9,075
Property and equipment, net 16,355 11,579
Marketable securities, available-for-sale 77,475 54,395
Assets held in rabbi trust 7,337 5,661
Deferred tax assets, net 35,571 35,285
Other assets 9,981 9,116
Total assets 394,016 321,225
Current liabilities:    
Accounts payable and accrued expenses 10,133 9,135
Notes payable to former stockholders 986 939
Deferred compensation and commissions 44,754 34,091
Accrued bonuses and other employee related expenses 22,303 30,846
Total current liabilities 78,176 75,011
Deferred compensation and commissions 44,455 43,678
Notes payable to former stockholders 8,686 9,671
Deferred rent and other liabilities 3,845 3,875
Total liabilities 135,162 132,235
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at December 31, 2016 and 2015, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,882,266 and 37,396,456 at December 31, 2016 and 2015, respectively 4 4
Additional paid-in capital 85,445 80,591
Stock notes receivable from employees (4) (4)
Retained earnings 172,599 107,942
Accumulated other comprehensive income 810 457
Total stockholders' equity 258,854 188,990
Total liabilities and stockholders' equity $ 394,016 $ 321,225