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, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents, and restricted cash $ 224,174 $ 235,873
Commissions receivable 14,751 8,453
Prepaid expenses 6,457 9,411
Income tax receivable 9,404 8,682
Marketable debt securities, available-for-sale (amortized cost of $116,989 and $254,682 at September 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses) 116,713 253,434
Advances and loans, net 3,567 4,005
Other assets, current 14,796 7,282
Total current assets 389,862 527,140
Property and equipment, net 28,088 27,644
Operating lease right-of-use assets, net 96,878 87,945
Marketable debt securities, available-for-sale (amortized cost of $74,776 and $72,819 at September 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses) 70,510 68,595
Assets held in rabbi trust 10,065 9,553
Deferred tax assets, net 46,009 41,321
Goodwill and other intangible assets, net 52,087 55,696
Advances and loans, net 178,952 169,955
Other assets, non-current 9,662 15,859
Total assets 882,113 1,003,708
Current liabilities:    
Accounts payable and accrued expenses 9,151 11,450
Deferred compensation and commissions 46,143 75,321
Operating lease liabilities 18,272 16,984
Accrued bonuses and other employee related expenses 15,342 38,327
Other liabilities, current 14,450 9,933
Total current liabilities 103,358 152,015
Deferred compensation and commissions 45,151 64,461
Operating lease liabilities 73,924 65,109
Other liabilities, non-current 10,327 8,614
Total liabilities 232,760 290,199
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock 0 0
Common stock 4 4
Additional paid-in capital 145,220 131,541
Retained earnings 507,045 585,581
Accumulated other comprehensive loss (2,916) (3,617)
Total stockholders’ equity 649,353 713,509
Total liabilities and stockholders’ equity $ 882,113 $ 1,003,708