Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 226,081 $ 214,683
Commissions receivable 6,316 4,948
Prepaid expenses 9,330 7,904
Income tax receivable 7,786 0
Marketable securities, available-for-sale 124,475 137,436
Other assets, net 12,352 6,368
Total current assets 386,340 371,339
Prepaid rent 0 13,892
Property and equipment, net 21,609 19,550
Operating lease right-of-use assets, net 90,165 0
Marketable securities, available-for-sale 70,785 83,209
Assets held in rabbi trust 9,102 8,268
Deferred tax assets, net 18,513 22,959
Goodwill and other intangible assets, net 14,647 15,385
Other assets 53,432 31,778
Total assets 664,593 566,380
Current liabilities:    
Accounts payable and other liabilities 11,003 11,035
Notes payable to former stockholders 6,564 1,087
Deferred compensation and commissions 32,450 47,910
Income tax payable 0 4,486
Operating lease liabilities 17,500 0
Accrued bonuses and other employee related expenses 16,964 28,338
Total current liabilities 84,481 92,856
Deferred compensation and commissions 41,695 49,887
Notes payable to former stockholders 0 6,564
Operating lease liabilities 64,316 0
Deferred rent and other liabilities 2,001 7,499
Total liabilities 192,493 156,806
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares – 25,000,000; issued and outstanding shares – none at September 30, 2019 and December 31, 2018, respectively 0 0
Common stock, $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 39,132,236 and 38,814,464 at September 30, 2019 and December 31, 2018, respectively 4 4
Additional paid-in capital 102,142 97,458
Stock notes receivable from employees (4) (4)
Retained earnings 367,550 311,341
Accumulated other comprehensive income 2,408 775
Total stockholders' equity 472,100 409,574
Total liabilities and stockholders' equity $ 664,593 $ 566,380