Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 206,758 $ 214,683
Commissions receivable 5,768 4,948
Prepaid expenses 9,593 7,904
Income tax receivable 4,762 0
Marketable securities, available-for-sale 118,909 137,436
Other assets, net 6,233 6,368
Total current assets 352,023 371,339
Prepaid rent 0 13,892
Property and equipment, net 20,854 19,550
Operating lease right-of-use assets, net 93,090 0
Marketable securities, available-for-sale 80,329 83,209
Assets held in rabbi trust 9,119 8,268
Deferred tax assets, net 18,525 22,959
Goodwill and other intangible assets, net 14,889 15,385
Other assets 50,845 31,778
Total assets 639,674 566,380
Current liabilities:    
Accounts payable and other liabilities 11,115 11,035
Notes payable to former stockholders 6,564 1,087
Deferred compensation and commissions 31,638 47,910
Income tax payable 0 4,486
Operating lease liabilities 17,400 0
Accrued bonuses and other employee related expenses 14,050 28,338
Total current liabilities 80,767 92,856
Deferred compensation and commissions 38,964 49,887
Notes payable to former stockholders 0 6,564
Operating lease liabilities 67,429 0
Deferred rent and other liabilities 2,001 7,499
Total liabilities 189,161 156,806
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares – 25,000,000; issued and outstanding shares – none at June 30, 2019 and December 31, 2018, respectively 0 0
Common stock, $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 39,090,861 and 38,814,464 at June 30, 2019 and December 31, 2018, respectively 4 4
Additional paid-in capital 100,098 97,458
Stock notes receivable from employees (4) (4)
Retained earnings 348,258 311,341
Accumulated other comprehensive income 2,157 775
Total stockholders' equity 450,513 409,574
Total liabilities and stockholders' equity $ 639,674 $ 566,380