Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Financial Condition

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Condensed Consolidated Statements Of Financial Condition (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 38,293 $ 35,434
Securities owned at fair value 3,066 2,078
Receivables from clearing brokers 20,508 16,973
Receivables from other broker-dealers 2,632 2,149
Notes receivable from financial advisors, net 37,378 39,148
Other receivables, net 20,674 20,534
Fixed assets 13,011 13,199
Restricted assets 320 320
Intangible assets, net 85,052 87,988
Goodwill 90,559 90,578
Unamortized debt issue cost 1,649 1,768
Cash surrender value of life insurance 10,974 11,207
Other assets 15,930 16,753
Total assets 340,046 338,129
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 306 292
Accrued compensation 10,070 12,017
Commissions and fees payable 32,547 31,570
Accounts payable and accrued liabilities 13,883 13,735
Deferred rent 1,790 1,977
Deferred income taxes 6,807 6,545
Deferred compensation liability 17,624 17,955
Accrued interest 5,154 4,838
Notes payable, net of $6,622 and $7,120 unamortized discount in 2013 and 2012, respectively 198,880 197,979
Total liabilities 287,061 286,908
Commitments and contingencies (Note 8)      
Shareholders' equity:    
Preferred stock, $.0001 par value; 2,000,000 shares authorized; none issued 0 0
Common stock, $.0001 par value; 400,000,000 shares authorized; shares issued and outstanding, 183,687,240 in 2013 and 183,478,872 in 2012 18 18
Additional paid-in capital 209,768 208,187
Accumulated deficit (156,848) (156,984)
Total shareholders’ equity of the Company 52,938 51,221
Noncontrolling interest 47 0
Total shareholders' equity 52,985 51,221
Total liabilities and shareholders' equity $ 340,046 $ 338,129