Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 230,414 $ 243,152
Commissions receivable, net 14,954 10,391
Prepaid expenses 10,402 10,153
Marketable debt securities, available-for-sale (includes amortized cost of $147,142 and $158,148 at June 30, 2021 and December 31, 2020, respectively, and $0 allowance for credit losses) 147,172 158,258
Advances and loans, net 2,657 2,413
Other assets 5,742 4,711
Total current assets 411,341 429,078
Property and equipment, net 22,746 23,436
Operating lease right-of-use assets, net 86,420 84,024
Marketable debt securities, available-for-sale (includes amortized cost of $95,488 and $45,181 at June 30, 2021 and December 31, 2020, respectively, and $0 allowance for credit losses) 97,514 47,773
Assets held in rabbi trust 11,178 10,295
Deferred tax assets, net 20,706 21,374
Goodwill and other intangible assets, net 49,843 52,053
Advances and loans, net 114,036 106,913
Other assets 3,986 4,176
Total assets 817,770 779,122
Current liabilities:    
Accounts payable and other liabilities 20,959 18,288
Deferred compensation and commissions 48,169 58,106
Income tax payable 2,380 3,726
Operating lease liabilities 20,157 19,190
Accrued bonuses and other employee related expenses 23,854 21,007
Total current liabilities 115,519 120,317
Deferred compensation and commissions 32,191 38,745
Operating lease liabilities 61,293 59,408
Other liabilities 11,914 13,816
Total liabilities 220,917 232,286
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value:Authorized shares – 25,000,000; issued and outstanding shares – none at June 30, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value:Authorized shares – 150,000,000; issued and outstanding shares – 39,578,360 and 39,401,976 at June 30, 2021 and December 31, 2020, respectively 4 4
Additional paid-in capital 117,457 113,182
Retained earnings 477,620 431,076
Accumulated other comprehensive income 1,772 2,574
Total stockholders' equity 596,853 546,836
Total liabilities and stockholders' equity $ 817,770 $ 779,122