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, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 315,695 $ 382,140
Commissions receivable, net 13,854 17,230
Prepaid expenses 10,373 13,220
Marketable debt securities, available-for-sale (includes amortized cost of $220,015 and $183,915 at March 31, 2022 and December 31, 2021, respectively, and $0 allowance for credit losses) 218,988 183,868
Advances and loans, net 5,889 6,403
Other assets 6,027 5,270
Total current assets 570,826 608,131
Property and equipment, net 23,249 23,192
Operating lease right-of-use assets, net 77,928 81,528
Marketable debt securities, available-for-sale (includes amortized cost of $54,519 and $111,858 at March 31, 2022 and December 31, 2021, respectively, and $0 allowance for credit losses) 52,980 112,610
Assets held in rabbi trust 10,916 11,508
Deferred tax assets, net 33,470 33,736
Goodwill and other intangible assets, net 59,434 48,105
Advances and loans, net 139,087 113,242
Other assets 12,273 13,146
Total assets 980,163 1,045,198
Current liabilities:    
Accounts payable and other liabilities 24,388 24,271
Deferred compensation and commissions 54,994 114,685
Dividends payable 50,694 0
Income tax payable 28,042 17,853
Operating lease liabilities 18,276 18,973
Accrued bonuses and other employee related expenses 15,863 49,848
Total current liabilities 192,257 225,630
Deferred compensation and commissions 45,603 53,536
Operating lease liabilities 56,307 58,334
Other liabilities 10,607 11,394
Total liabilities 304,774 348,894
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, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 39,795,399 and 39,692,373 at March 31, 2022 and December 31, 2021, respectively 4 4
Additional paid-in capital 122,782 121,844
Retained earnings 554,193 573,546
Accumulated other comprehensive income (loss) (1,590) 910
Total stockholders' equity 675,389 696,304
Total liabilities and stockholders' equity $ 980,163 $ 1,045,198