Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 199,370 $ 220,786
Commissions receivable 2,851 9,586
Prepaid expenses 7,432 9,661
Income tax receivable 0 1,308
Marketable securities, available-for-sale 94,826 73,560
Other assets, net 4,624 5,529
Total current assets 309,103 320,430
Prepaid rent 15,193 15,392
Property and equipment, net 17,097 17,153
Marketable securities, available-for-sale 35,573 52,099
Assets held in rabbi trust 8,756 8,787
Deferred tax assets, net 21,054 22,640
Other assets 26,191 23,163
Total assets 432,967 459,664
Current liabilities:    
Accounts payable and accrued expenses 6,482 9,202
Notes payable to former stockholders 1,035 1,035
Deferred compensation and commissions 26,913 49,180
Income tax payable 3,131  
Accrued bonuses and other employee related expenses 10,741 23,842
Total current liabilities 48,302 83,259
Deferred compensation and commissions 38,969 49,361
Notes payable to former stockholders 7,651 7,651
Deferred rent and other liabilities 4,636 4,505
Total liabilities 99,558 144,776
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at March 31, 2018 and December 31, 2017, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,578,834 and 38,374,011 at March 31, 2018 and December 31, 2017, respectively 4 4
Additional paid-in capital 90,840 89,877
Stock notes receivable from employees (4) (4)
Retained earnings 242,095 224,071
Accumulated other comprehensive income 474 940
Total stockholders' equity 333,409 314,888
Total liabilities and stockholders' equity $ 432,967 $ 459,664