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, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 270,864 $ 382,140
Commissions receivable 11,768 17,230
Prepaid expenses 8,665 13,220
Income tax receivable 3,253 0
Marketable debt securities, available-for-sale (includes amortized cost of $213,042 and $183,915 at September 30, 2022 and December 31, 2021, respectively, and $0 allowance for credit losses) 211,759 183,868
Advances and loans, net 3,484 6,403
Other assets, current 5,964 5,270
Total current assets 515,757 608,131
Property and equipment, net 26,823 23,192
Operating lease right-of-use assets, net 83,972 81,528
Marketable debt securities, available-for-sale (includes amortized cost of $94,727 and $111,858 at September 30, 2022 and December 31, 2021, respectively, and $0 allowance for credit losses) 89,329 112,610
Assets held in rabbi trust 9,222 11,508
Deferred tax assets, net 37,883 33,736
Goodwill and other intangible assets, net 57,092 48,105
Advances and loans, net 164,640 113,242
Other assets, non-current 15,170 13,146
Total assets 999,888 1,045,198
Current liabilities:    
Accounts payable and accrued expenses 10,237 15,487
Deferred compensation and commissions 62,547 114,685
Income tax payable 0 17,853
Operating lease liabilities 18,683 18,973
Accrued bonuses and other employee related expenses 34,572 49,848
Other liabilities, current 20,603 8,784
Total current liabilities 146,642 225,630
Deferred compensation and commissions 55,825 53,536
Operating lease liabilities 62,837 58,334
Other liabilities, non-current 10,623 11,394
Total liabilities 275,927 348,894
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock 0 0
Common stock 4 4
Additional paid-in capital 128,174 121,844
Retained earnings 599,710 573,546
Accumulated other comprehensive (loss) income (3,927) 910
Total stockholders’ equity 723,961 696,304
Total liabilities and stockholders’ equity $ 999,888 $ 1,045,198