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, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 281,007 $ 243,152
Commissions receivable, net 15,377 10,391
Prepaid expenses 9,232 10,153
Marketable debt securities, available-for-sale (includes amortized cost of $116,852 and $158,148 at September 30, 2021 and December 31, 2020, respectively, and $0 allowance for credit losses) 116,902 158,258
Advances and loans, net 3,017 2,413
Other assets 4,436 4,711
Total current assets 429,971 429,078
Property and equipment, net 22,890 23,436
Operating lease right-of-use assets, net 85,250 84,024
Marketable debt securities, available-for-sale (includes amortized cost of $128,788 and $45,181 at September 30, 2021 and December 31, 2020, respectively, and $0 allowance for credit losses) 130,502 47,773
Assets held in rabbi trust 11,056 10,295
Deferred tax assets, net 24,410 21,374
Goodwill and other intangible assets, net 48,974 52,053
Advances and loans, net 108,709 106,913
Other assets 13,318 4,176
Total assets 875,080 779,122
Current liabilities:    
Accounts payable and other liabilities 20,025 18,288
Deferred compensation and commissions 53,068 58,106
Income tax payable 5,658 3,726
Operating lease liabilities 19,745 19,190
Accrued bonuses and other employee related expenses 32,066 21,007
Total current liabilities 130,562 120,317
Deferred compensation and commissions 38,638 38,745
Operating lease liabilities 60,970 59,408
Other liabilities 12,641 13,816
Total liabilities 242,811 232,286
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value:Authorized shares – 25,000,000; issued and outstanding shares – none at September 30, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value:Authorized shares – 25,000,000; issued and outstanding shares – none at September 30, 2021 and December 31, 2020, respectively 4 4
Additional paid-in capital 118,974 113,182
Retained earnings 511,544 431,076
Accumulated other comprehensive income 1,747 2,574
Total stockholders' equity 632,269 546,836
Total liabilities and stockholders' equity $ 875,080 $ 779,122