Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 182,662 $ 187,371
Commissions receivable 4,215 4,809
Prepaid expenses 5,828 8,094
Income tax receivable 0 1,182
Marketable securities, available-for-sale 82,813 27,454
Other assets, net 4,944 5,102
Total current assets 280,462 234,012
Prepaid rent 15,116 13,285
Property and equipment, net 17,130 16,355
Marketable securities, available-for-sale 45,444 77,475
Assets held in rabbi trust 8,545 7,337
Deferred tax assets, net 33,821 35,571
Other assets 23,034 9,981
Total assets 423,552 394,016
Current liabilities:    
Accounts payable and accrued expenses 8,571 10,133
Notes payable to former stockholders 1,035 986
Deferred compensation and commissions 29,477 44,754
Income tax payable 1,295 0
Accrued bonuses and other employee related expenses 20,297 22,303
Total current liabilities 60,675 78,176
Deferred compensation and commissions 43,591 44,455
Notes payable to former stockholders 7,651 8,686
Deferred rent and other liabilities 4,321 3,845
Total liabilities 116,238 135,162
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at September 30, 2017 and December 31, 2016, respectively 0 0
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,140,801 and 37,882,266 at September 30, 2017 and December 31, 2016, respectively 4 4
Additional paid-in capital 90,653 85,445
Stock notes receivable from employees (4) (4)
Retained earnings 215,591 172,599
Accumulated other comprehensive income 1,070 810
Total stockholders' equity 307,314 258,854
Total liabilities and stockholders' equity $ 423,552 $ 394,016