Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 382,140 $ 243,152
Commissions receivable, net 17,230 10,391
Prepaid expenses 13,220 10,153
Marketable debt securities, available-for-sale (includes amortized cost of $183,915 and $158,148 at December 31, 2021 and 2020, respectively, and $0 allowance for credit losses) 183,868 158,258
Advances and loans, net 6,403 2,413
Other assets 5,270 4,711
Total current assets 608,131 429,078
Property and equipment, net 23,192 23,436
Operating lease right-of-use assets, net 81,528 84,024
Marketable debt securities, available-for-sale (includes amortized cost of $111,858 and $45,181 at December 31, 2021 and 2020, respectively, and $0 allowance for credit losses) 112,610 47,773
Assets held in rabbi trust 11,508 10,295
Deferred tax assets, net 33,736 21,374
Goodwill and other intangible assets, net 48,105 52,053
Advances and loans, net 113,242 106,913
Other assets 13,146 4,176
Total assets 1,045,198 779,122
Current liabilities:    
Accounts payable and other liabilities 24,271 18,288
Deferred compensation and commissions 114,685 58,106
Income tax payable 17,853 3,726
Operating lease liabilities 18,973 19,190
Accrued bonuses and other employee related expenses 49,848 21,007
Total current liabilities 225,630 120,317
Deferred compensation and commissions 53,536 38,745
Operating lease liabilities 58,334 59,408
Other liabilities 11,394 13,816
Total liabilities 348,894 232,286
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, 2021 and 2020, respectively 0 0
Common stock, $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 39,692,373 and 39,401,976 at December 31, 2021 and 2020, respectively 4 4
Additional paid-in capital 121,844 113,182
Retained earnings 573,546 431,076
Accumulated other comprehensive income 910 2,574
Total stockholders' equity 696,304 546,836
Total liabilities and stockholders' equity $ 1,045,198 $ 779,122