Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 96,185 $ 149,159
Commissions receivable 3,342 3,412
Prepaid expenses 7,542 7,536
Income tax receivable 4,049 1,711
Marketable securities, available-for-sale 79,860  
Other assets, net 5,136 3,055
Total current assets 196,114 164,873
Prepaid rent 9,075 3,645
Property and equipment, net 11,579 7,693
Marketable securities, available-for-sale 54,395 14,752
Assets held in rabbi trust 5,661 4,332
Deferred tax assets, net 35,285 34,865
Other assets 9,116 3,444
Total assets 321,225 233,604
Current liabilities:    
Accounts payable and accrued expenses 9,135 9,585
Notes payable to former stockholders 939 894
Commissions payable 34,091 28,932
Accrued bonuses and other employee related expenses 30,846 27,793
Total current liabilities 75,011 67,204
Deferred compensation and commissions 43,678 36,581
Notes payable to former stockholders 9,671 10,610
Deferred rent and other liabilities 3,875 2,400
Total liabilities $ 132,235 $ 116,795
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at December 31, 2015 and 2014, respectively
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,396,456 and 36,918,442 at December 31, 2015 and 2014, respectively $ 4 $ 4
Additional paid-in capital 80,591 75,058
Stock notes receivable from employees (4) (4)
Retained earnings 107,942 41,592
Accumulated other comprehensive income 457 159
Total stockholders' equity 188,990 116,809
Total liabilities and stockholders' equity $ 321,225 $ 233,604