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
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 50,874 $ 35,434
Securities owned, at fair value 3,834 2,078
Receivables from clearing brokers 30,883 16,973
Receivables from other broker-dealers 1,803 2,149
Notes receivable from financial advisors, net 32,444 39,148
Other receivables, net 20,887 20,534
Fixed assets, net 15,002 13,199
Restricted assets 570 320
Intangible assets, net 79,228 87,988
Goodwill 90,520 90,578
Unamortized debt issue cost 1,190 1,768
Cash surrender value of life insurance 11,620 11,207
Other assets 15,980 16,753
Total assets 354,835 338,129
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 333 292
Accrued compensation 17,773 12,017
Commissions and fees payable 33,401 31,570
Accounts payable and accrued liabilities 13,226 13,735
Deferred rent 2,190 1,977
Deferred income taxes 7,240 6,545
Deferred compensation liability 18,351 17,955
Accrued interest 2,602 4,838
Notes payable, net of $2,096 and $7,120 unamortized discount in 2013 and 2012, respectively 75,978 197,979
Total liabilities 171,094 286,908
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; 5,869,514 shares issued and outstanding in 2013 (liquidation preference $146,738) 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, 180,292,441 in 2013 and 183,478,872 in 2012 18 18
Additional paid-in capital 343,620 208,187
Accumulated deficit (159,969) (156,984)
Total shareholders’ equity of the Company 183,670 51,221
Noncontrolling interest 71 0
Total shareholders' equity 183,741 51,221
Total liabilities and shareholders' equity $ 354,835 $ 338,129