Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 121,953 $ 96,185
Commissions receivable 4,501 3,342
Prepaid expenses 6,987 7,542
Income tax receivable 0 4,049
Marketable securities, available-for-sale 48,377 79,860
Other assets, net 3,826 5,136
Total current assets 185,644 196,114
Prepaid rent 12,628 9,075
Property and equipment, net 15,585 11,579
Marketable securities, available-for-sale 94,279 54,395
Assets held in rabbi trust 7,309 5,661
Deferred tax assets, net 35,495 35,285
Other assets 9,056 9,116
Total assets 359,996 321,225
Current liabilities:    
Accounts payable and accrued expenses 9,865 9,135
Notes payable to former stockholders 986 939
Deferred compensation and commissions 29,644 34,091
Income tax payable 4,181 0
Accrued bonuses and other employee related expenses 20,152 30,846
Total current liabilities 64,828 75,011
Deferred compensation and commissions 40,278 43,678
Notes payable to former stockholders 8,686 9,671
Deferred rent and other liabilities 4,291 3,875
Total liabilities 118,083 132,235
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at September 30, 2016, and December 31, 2015, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,616,243 and 37,396,456 at September 30, 2016, and December 31, 2015, respectively 4 4
Additional paid-in capital 84,949 80,591
Stock notes receivable from employees (4) (4)
Retained earnings 155,425 107,942
Accumulated other comprehensive income 1,539 457
Total stockholders' equity 241,913 188,990
Total liabilities and stockholders' equity $ 359,996 $ 321,225