Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 220,786 $ 187,371
Commissions receivable 9,586 4,809
Prepaid expenses 9,661 8,094
Income tax receivable 1,308 1,182
Marketable securities, available-for-sale 73,560 27,454
Other assets, net 5,529 5,102
Total current assets 320,430 234,012
Prepaid rent 15,392 13,285
Property and equipment, net 17,153 16,355
Marketable securities, available-for-sale 52,099 77,475
Assets held in rabbi trust 8,787 7,337
Deferred tax assets, net 22,640 35,571
Other assets 23,163 9,981
Total assets 459,664 394,016
Current liabilities:    
Accounts payable and accrued expenses 9,202 10,133
Notes payable to former stockholders 1,035 986
Deferred compensation and commissions 49,180 44,754
Accrued bonuses and other employee related expenses 23,842 22,303
Total current liabilities 83,259 78,176
Deferred compensation and commissions 49,361 44,455
Notes payable to former stockholders 7,651 8,686
Deferred rent and other liabilities 4,505 3,845
Total liabilities 144,776 135,162
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at December 31, 2017 and 2016, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,374,011 and 37,882,266 at December 31, 2017 and 2016, respectively 4 4
Additional paid-in capital 89,877 85,445
Stock notes receivable from employees (4) (4)
Retained earnings 224,071 172,599
Accumulated other comprehensive income 940 810
Total stockholders' equity 314,888 258,854
Total liabilities and stockholders' equity $ 459,664 $ 394,016