Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 76,934 $ 96,185
Commissions receivable 2,860 3,342
Prepaid expenses 5,448 7,542
Income tax receivable 3,341 4,049
Marketable securities, available-for-sale 75,112 79,860
Other assets, net 3,847 5,136
Total current assets 167,542 196,114
Prepaid rent 10,176 9,075
Property and equipment, net 12,446 11,579
Marketable securities, available-for-sale 57,008 54,395
Assets held in rabbi trust 6,985 5,661
Deferred tax assets, net 33,442 35,285
Other assets 9,983 9,116
Total assets 297,582 321,225
Current liabilities:    
Accounts payable and accrued expenses 8,820 9,135
Notes payable to former stockholders 939 939
Commissions payable 21,072 34,091
Accrued bonuses and other employee related expenses 9,036 30,846
Total current liabilities 39,867 75,011
Deferred compensation and commissions 38,952 43,678
Notes payable to former stockholders 9,671 9,671
Deferred rent and other liabilities 4,152 3,875
Total liabilities $ 92,642 $ 132,235
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at March 31, 2016 and December 31, 2015, respectively $ 0 $ 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,568,389 and 37,396,456 at March 31, 2016 and December 31, 2015, respectively 4 4
Additional paid-in capital 80,999 80,591
Stock notes receivable from employees (4) (4)
Retained earnings 122,757 107,942
Accumulated other comprehensive income 1,184 457
Total stockholders' equity 204,940 188,990
Total liabilities and stockholders' equity $ 297,582 $ 321,225