Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 163,830 $ 187,371
Commissions receivable 4,853 4,809
Prepaid expenses 6,950 8,094
Income tax receivable 0 1,182
Marketable securities, available-for-sale 72,333 27,454
Other assets, net 4,354 5,102
Total current assets 252,320 234,012
Prepaid rent 15,088 13,285
Property and equipment, net 17,074 16,355
Marketable securities, available-for-sale 51,325 77,475
Assets held in rabbi trust 8,380 7,337
Deferred tax assets, net 34,289 35,571
Other assets 21,470 9,981
Total assets 399,946 394,016
Current liabilities:    
Accounts payable and accrued expenses 9,098 10,133
Notes payable to former stockholders 1,035 986
Deferred compensation and commissions 30,449 44,754
Income tax payable 2,914 0
Accrued bonuses and other employee related expenses 14,642 22,303
Total current liabilities 58,138 78,176
Deferred compensation and commissions 40,123 44,455
Notes payable to former stockholders 7,651 8,686
Deferred rent and other liabilities 4,411 3,845
Total liabilities 110,323 135,162
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2017 and December 31, 2016, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,117,290 and 37,882,266 at June 30, 2017 and December 31, 2016, respectively 4 4
Additional paid-in capital 88,501 85,445
Stock notes receivable from employees (4) (4)
Retained earnings 200,116 172,599
Accumulated other comprehensive income 1,006 810
Total stockholders' equity 289,623 258,854
Total liabilities and stockholders' equity $ 399,946 $ 394,016