Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents, and restricted cash $ 153,445 $ 170,753
Commissions receivable 18,804 16,171
Prepaid expenses 9,311 8,813
Income tax receivable 6,030 9,299
Marketable debt securities, available-for-sale (amortized cost of $189,667 and $169,018 at December 31, 2024 and December 31, 2023, respectively, and $0 allowance for credit losses) 189,667 168,881
Advances and loans, net 17,519 3,574
Other assets, current 15,543 16,203
Total current assets 410,319 393,694
Property and equipment, net 26,139 27,450
Operating lease right-of-use assets, net 81,120 90,058
Marketable debt securities, available-for-sale (amortized cost of $52,366 and $69,538 at December 31, 2024 and December 31, 2023 respectively, and $0 allowance for credit losses) 51,147 67,459
Assets held in rabbi trust 12,191 10,838
Deferred tax assets, net 48,080 46,930
Goodwill and other intangible assets, net 43,521 51,183
Advances and loans, net 173,657 175,827
Other assets, non-current 23,626 14,972
Total assets 869,800 878,411
Current liabilities:    
Accounts payable and accrued expenses 13,737 8,126
Deferred compensation and commissions 67,197 55,769
Operating lease liabilities 18,522 18,336
Accrued bonuses and other employee related expenses 25,485 19,119
Other liabilities, current 8,076 3,919
Total current liabilities 133,017 105,269
Deferred compensation and commissions 33,257 47,771
Operating lease liabilities 65,701 69,407
Other liabilities, non-current 7,007 10,690
Total liabilities 238,982 233,137
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock: $0.001 par value: Authorized shares – 25,000,000; issued and outstanding shares – none at December 31, 2024 and December 31, 2023, respectively 0 0
Common stock: $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 38,412,484 and 39,255,838 at December 31, 2024 and December 31, 2023, respectively 4 4
Additional paid-in capital 173,340 153,740
Retained earnings 458,907 492,298
Accumulated other comprehensive loss (1,433) (768)
Total stockholders’ equity 630,818 645,274
Total liabilities and stockholders’ equity $ 869,800 $ 878,411