Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 214,683 $ 220,786
Commissions receivable 4,948 9,586
Prepaid expenses 7,904 9,661
Income tax receivable   1,308
Marketable securities, available-for-sale 137,436 73,560
Other assets, net 6,368 5,529
Total current assets 371,339 320,430
Prepaid rent 13,892 15,392
Property and equipment, net 19,550 17,153
Marketable securities, available-for-sale 83,209 52,099
Assets held in rabbi trust 8,268 8,787
Deferred tax assets, net 22,959 22,640
Goodwill and other intangible assets, net 15,385 0
Other assets 31,778 23,163
Total assets 566,380 459,664
Current liabilities:    
Accounts payable and other liabilities 11,035 9,202
Notes payable to former stockholders 1,087 1,035
Deferred compensation and commissions 47,910 49,180
Income tax payable 4,486  
Accrued bonuses and other employee related expenses 28,338 23,842
Total current liabilities 92,856 83,259
Deferred compensation and commissions 49,887 49,361
Notes payable to former stockholders 6,564 7,651
Deferred rent and other liabilities 7,499 4,505
Total liabilities 156,806 144,776
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at December 31, 2018 and 2017, respectively
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,814,464 and 38,374,011 at December 31, 2018 and 2017, respectively 4 4
Additional paid-in capital 97,458 89,877
Stock notes receivable from employees (4) (4)
Retained earnings 311,341 224,071
Accumulated other comprehensive income 775 940
Total stockholders' equity 409,574 314,888
Total liabilities and stockholders' equity $ 566,380 $ 459,664