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, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents, and restricted cash $ 228,026 $ 235,873
Commissions receivable 9,782 8,453
Prepaid expenses 8,740 9,411
Income tax receivable 18,053 8,682
Marketable debt securities, available-for-sale (includes amortized cost of $133,178 and $254,682 at March 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses) 132,520 253,434
Advances and loans, net 3,045 4,005
Other assets, current 5,052 7,282
Total current assets 405,218 527,140
Property and equipment, net 28,223 27,644
Operating lease right-of-use assets, net 107,891 87,945
Marketable debt securities, available-for-sale (includes amortized cost of $73,823 and $72,819 at March 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses) 70,493 68,595
Assets held in rabbi trust 9,953 9,553
Deferred tax assets, net 37,427 41,321
Goodwill and other intangible assets, net 54,551 55,696
Advances and loans, net 179,443 169,955
Other assets, non-current 17,293 15,859
Total assets 910,492 1,003,708
Current liabilities:    
Accounts payable and accrued expenses 12,392 11,450
Deferred compensation and commissions 46,253 75,321
Operating lease liabilities 16,911 16,984
Accrued bonuses and other employee related expenses 6,578 38,327
Other liabilities, current 20,781 9,933
Total current liabilities 102,915 152,015
Deferred compensation and commissions 34,422 64,461
Operating lease liabilities 82,768 65,109
Other liabilities, non-current 8,229 8,614
Total liabilities 228,334 290,199
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock 0 0
Common stock 4 4
Additional paid-in capital 132,905 131,541
Retained earnings 551,696 585,581
Accumulated other comprehensive loss (2,447) (3,617)
Total stockholders’ equity 682,158 713,509
Total liabilities and stockholders’ equity $ 910,492 $ 1,003,708