Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Financial Condition

v2.4.0.8
Condensed Consolidated Statements Of Financial Condition (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 43,900 $ 35,434
Securities owned at fair value 6,920 2,078
Receivables from clearing brokers 31,442 16,973
Receivables from other broker-dealers 4,596 2,149
Notes receivable from financial advisors, net 34,232 39,148
Other receivables, net 19,142 20,534
Fixed assets 14,182 13,199
Restricted assets 320 320
Intangible assets, net 82,123 87,988
Goodwill 90,540 90,578
Unamortized debt issue cost 1,317 1,768
Cash surrender value of life insurance 11,004 11,207
Other assets 16,895 16,753
Total assets 356,613 338,129
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 4,619 292
Accrued compensation 14,096 12,017
Commissions and fees payable 31,374 31,570
Accounts payable and accrued liabilities 17,038 13,735
Deferred rent 1,605 1,977
Deferred income taxes 7,003 6,545
Deferred compensation liability 17,664 17,955
Accrued interest 1,442 4,838
Notes payable, net of $2,686 and $7,120 unamortized discount in 2013 and 2012, respectively 86,447 197,979
Total liabilities 181,288 286,908
Commitments and contingencies (Note 6)      
Shareholders' equity:    
Preferred stock, $.0001 par value; authorized 25,000,000 shares in 2013 and 2,000,000 shares in 2012. 8% Series A cumulative redeemable preferred stock, $.0001 par value; 8,290,000 shares authorized; 5,361,813 shares issued and outstanding in 2013 (liquidation preference $134,045) 1 0
Common stock, $.0001 par value; authorized 600,000,000 shares in 2013 and 400,000,000 shares in 2012; shares issued and outstanding, 183,348,301 in 2013 and 183,478,872 in 2012 18 18
Additional paid-in capital 337,643 208,187
Accumulated deficit (162,371) (156,984)
Total shareholders’ equity of the Company 175,291 51,221
Noncontrolling interest 34 0
Total shareholders' equity 175,325 51,221
Total liabilities and shareholders' equity $ 356,613 $ 338,129