Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 198,132 $ 214,683
Commissions receivable 6,119 4,948
Prepaid expenses 8,833 7,904
Marketable securities, available-for-sale 121,059 137,436
Other assets, net 6,031 6,368
Total current assets 340,174 371,339
Prepaid rent 0 13,892
Property and equipment, net 19,937 19,550
Operating lease right-of-use assets, net 83,913 0
Marketable securities, available-for-sale 75,044 83,209
Assets held in rabbi trust 8,939 8,268
Deferred tax assets, net 20,428 22,959
Goodwill and other intangible assets, net 15,133 15,385
Other assets 39,948 31,778
Total assets 603,516 566,380
Current liabilities:    
Accounts payable and other liabilities 13,175 11,035
Notes payable to former stockholders 1,087 1,087
Deferred compensation and commissions 25,923 47,910
Income tax payable 7,603 4,486
Operating lease liabilities 17,358 0
Accrued bonuses and other employee related expenses 8,217 28,338
Total current liabilities 73,363 92,856
Deferred compensation and commissions 36,906 49,887
Notes payable to former stockholders 6,564 6,564
Operating lease liabilities 58,494 0
Deferred rent and other liabilities 2,097 7,499
Total liabilities 177,424 156,806
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, 2019 and December 31, 2018, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 39,042,434 and 38,814,464 at March 31, 2019 and December 31, 2018, respectively 4 4
Additional paid-in capital 97,587 97,458
Stock notes receivable from employees (4) (4)
Retained earnings 326,979 311,341
Accumulated other comprehensive income 1,526 775
Total stockholders' equity 426,092 409,574
Total liabilities and stockholders' equity $ 603,516 $ 566,380