Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 211,651 $ 382,140
Commissions receivable, net 14,138 17,230
Prepaid expenses 10,046 13,220
Marketable debt securities, available-for-sale (includes amortized cost of $254,487 and $183,915 at June 30, 2022 and December 31, 2021, respectively, and $0 allowance for credit losses) 253,040 183,868
Advances and loans, net 3,605 6,403
Other assets, current 5,880 5,270
Total current assets 498,360 608,131
Property and equipment, net 25,338 23,192
Operating lease right-of-use assets, net 84,351 81,528
Marketable debt securities, available-for-sale (includes amortized cost of $80,767 and $111,858 at June 30, 2022 and December 31, 2021, respectively, and $0 allowance for credit losses) 77,588 112,610
Assets held in rabbi trust 9,587 11,508
Deferred tax assets, net 35,233 33,736
Goodwill and other intangible assets, net 58,263 48,105
Advances and loans, net 164,469 113,242
Other assets, non-current 13,573 13,146
Total assets 966,762 1,045,198
Current liabilities:    
Accounts payable and accrued expenses 13,022 15,487
Deferred compensation and commissions 55,387 114,685
Income tax payable 2,848 17,853
Operating lease liabilities 18,632 18,973
Accrued bonuses and other employee related expenses 30,586 49,848
Other liabilities, current 7,567 8,784
Total current liabilities 128,042 225,630
Deferred compensation and commissions 48,096 53,536
Operating lease liabilities 63,366 58,334
Other liabilities, non-current 10,088 11,394
Total liabilities 249,592 348,894
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares – 25,000,000; issued and outstanding shares – none at June 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 39,964,292 and 39,692,373 at June 30, 2022 and December 31, 2021, respectively 4 4
Additional paid-in capital 123,767 121,844
Retained earnings 596,361 573,546
Accumulated other comprehensive income (loss) (2,962) 910
Total stockholders' equity 717,170 696,304
Total liabilities and stockholders' equity $ 966,762 $ 1,045,198