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, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 221,708 $ 243,152
Commissions receivable, net 8,205 10,391
Prepaid expenses 10,084 10,153
Marketable debt securities, available-for-sale (includes amortized cost of $134,460 and $158,148 at March 31, 2021 and December 31, 2020, respectively, and $0 allowance for credit losses) 134,494 158,258
Advances and loans, net 2,106 2,413
Other assets 5,642 4,711
Total current assets 382,239 429,078
Property and equipment, net 22,931 23,436
Operating lease right-of-use assets, net 81,105 84,024
Marketable debt securities, available-for-sale (includes amortized cost of $65,114 and $45,181 at March 31, 2021 and December 31, 2020, respectively, and $0 allowance for credit losses) 66,931 47,773
Assets held in rabbi trust 10,574 10,295
Deferred tax assets, net 20,629 21,374
Goodwill and other intangible assets, net 50,817 52,053
Advances and loans, net 111,781 106,913
Other assets 4,075 4,176
Total assets 751,082 779,122
Current liabilities:    
Accounts payable and other liabilities 18,919 18,288
Deferred compensation and commissions 33,199 58,106
Income tax payable 8,512 3,726
Operating lease liabilities 19,209 19,190
Accrued bonuses and other employee related expenses 11,478 21,007
Total current liabilities 91,317 120,317
Deferred compensation and commissions 28,745 38,745
Operating lease liabilities 57,134 59,408
Other liabilities 12,217 13,816
Total liabilities 189,413 232,286
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, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value:Authorized shares – 150,000,000; issued and outstanding shares – 39,500,966 and 39,401,976 at March 31, 2021 and December 31, 2020, respectively 4 4
Additional paid-in capital 113,737 113,182
Retained earnings 446,088 431,076
Accumulated other comprehensive income 1,840 2,574
Total stockholders' equity 561,669 546,836
Total liabilities and stockholders' equity $ 751,082 $ 779,122