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
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 48,529 $ 50,329
Securities owned, at fair value 6,717 4,789
Receivables from clearing brokers 40,059 31,391
Receivables from other broker-dealers 4,824 2,126
Notes receivable from financial advisors, net 29,973 31,751
Other receivables, net 23,105 21,687
Fixed assets, net 16,883 15,866
Restricted assets 470 570
Intangible assets, net 73,430 76,251
Goodwill 90,481 90,501
Unamortized debt issue cost 951 1,069
Cash surrender value of life insurance 11,526 12,370
Other assets 21,479 22,120
Total assets 368,427 360,820
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 6,010 83
Accrued compensation 13,267 20,098
Commissions and fees payable 36,726 32,800
Accounts payable and accrued liabilities 18,129 19,846
Deferred rent 1,782 1,871
Deferred income taxes 7,753 7,499
Deferred compensation liability 18,457 19,056
Accrued interest 1,440 1,506
Notes payable, net of $1,180 and $1,618 unamortized discount in 2014 and 2013, respectively 54,857 64,648
Total liabilities 158,421 167,407
Commitments and contingencies (Note 6)      
Shareholders' equity:    
Preferred stock, $.0001 par value; authorized 25,000,000 shares in 2014 and 2013: 8% Series A cumulative redeemable preferred stock; 8,290,000 shares authorized; 6,798,983 and 6,189,497 shares issued and outstanding in 2014 and 2013, respectively (liquidation preference $169,975 in 2014 and $154,737 in 2013) 1 1
Common stock, $.0001 par value; authorized 600,000,000 shares in 2014 and 2013; shares issued and outstanding, 181,829,745 in 2014 and 181,433,815 in 2013 18 18
Additional paid-in capital 363,109 350,780
Accumulated deficit (153,153) (157,438)
Total shareholders’ equity of the Company 209,975 193,361
Noncontrolling interest 31 52
Total shareholders' equity 210,006 193,413
Total liabilities and shareholders' equity $ 368,427 $ 360,820