Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 129,032 $ 187,371
Commissions receivable 3,309 4,809
Prepaid expenses 6,486 8,094
Income tax receivable 4,677 1,182
Marketable securities, available-for-sale 56,910 27,454
Other assets, net 4,531 5,102
Total current assets 204,945 234,012
Prepaid rent 14,600 13,285
Property and equipment, net 16,267 16,355
Marketable securities, available-for-sale 66,473 77,475
Assets held in rabbi trust 7,506 7,337
Deferred tax assets, net 34,360 35,571
Other assets 19,336 9,981
Total assets 363,487 394,016
Current liabilities:    
Accounts payable and accrued expenses 8,610 10,133
Notes payable to former stockholders 986 986
Deferred compensation and commissions 23,365 44,754
Accrued bonuses and other employee related expenses 7,955 22,303
Total current liabilities 40,916 78,176
Deferred compensation and commissions 37,949 44,455
Notes payable to former stockholders 8,686 8,686
Deferred rent and other liabilities 4,499 3,845
Total liabilities 92,050 135,162
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at March 31, 2017 and December 31, 2016, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,071,798 and 37,882,266 at March 31, 2017 and December 31, 2016, respectively 4 4
Additional paid-in capital 86,035 85,445
Stock notes receivable from employees (4) (4)
Retained earnings 184,547 172,599
Accumulated other comprehensive income 855 810
Total stockholders' equity 271,437 258,854
Total liabilities and stockholders' equity $ 363,487 $ 394,016