| Schedule of Other Assets |
Other assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Current |
|
|
Non-Current
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|
| |
|
March 31,
|
|
|
December 31,
|
|
|
March 31,
|
|
|
December 31,
|
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| |
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
|
Due from independent contractors, net (1) (2)
|
|
$ |
1,423 |
|
|
$ |
1,577 |
|
|
$ |
2,926 |
|
|
$ |
1,820 |
|
|
Security deposits
|
|
|
— |
|
|
|
— |
|
|
|
1,275 |
|
|
|
1,240 |
|
|
Customer trust accounts and other
|
|
|
2,078 |
|
|
|
1,262 |
|
|
|
95 |
|
|
|
222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,501 |
|
|
$ |
2,839 |
|
|
$ |
4,296 |
|
|
$ |
3,282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Includes allowance for doubtful
accounts related to current of $208,000 as of March 31, 2015
and $193,000 as of December 31, 2014, respectively. The
Company recorded a provision for bad debt expense of $21,000 and
$11,000 and wrote off $6,000 and $41,000 of these receivables for
the three months ended March 31, 2015 and, 2014,
respectively. |
|
(2) |
Represents amounts advanced, notes
receivable and other receivables due from the Company’s sales
and financing professionals. The notes receivable along with
interest, are typically collected from future commissions and are
generally due in one to five years. Any cash receipts on notes are
applied first to unpaid principal balance prior to any income being
recognized. |
|
| Components of Deferred Compensation and Commissions |
Deferred compensation and commissions consisted of the following
(in thousands):
|
|
|
|
|
|
|
|
|
| |
|
March 31,
2015 |
|
|
December 31,
2014 |
|
|
SARs liability
|
|
$ |
20,756 |
|
|
$ |
20,542 |
|
|
Commissions payable to sales and financing professionals
|
|
|
8,083 |
|
|
|
12,176 |
|
|
Deferred compensation liability
|
|
|
5,209 |
|
|
|
3,863 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
34,048 |
|
|
$ |
36,581 |
|
|
|
|
|
|
|
|
|
|