Quarterly report pursuant to Section 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, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 83,741 $ 50,329
Securities owned, at fair value 4,487 4,789
Receivables from clearing brokers 36,317 31,391
Receivables from other broker-dealers 5,730 2,126
Notes receivable from financial advisors, net 29,007 31,751
Other receivables, net 24,304 21,687
Fixed assets, net 18,599 15,866
Restricted assets 470 570
Intangible assets, net 70,611 76,251
Goodwill 90,462 90,501
Unamortized debt issue cost 853 1,069
Cash surrender value of life insurance 11,923 12,370
Other assets 22,408 22,120
Total assets 398,912 360,820
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 353 83
Accrued compensation 17,093 20,098
Commissions and fees payable 38,706 32,800
Accounts payable and accrued liabilities 14,431 19,846
Deferred rent 1,689 1,871
Deferred income taxes 8,031 7,499
Deferred compensation liability 18,902 19,056
Accrued interest 1,650 1,506
Notes payable, net of $1,065 and $1,618 unamortized discount in 2014 and 2013, respectively 55,216 64,648
Total liabilities 156,071 167,407
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; 11,290,000 and 8,290,000 shares authorized in 2014 and 2013, respectively; 8,330,716 and 6,189,497 shares issued and outstanding in 2014 and 2013, respectively (liquidation preference $208,268 in 2014 and $154,737 in 2013) 1 1
Common stock, $.0001 par value; authorized 800,000,000 and 600,000,000 shares in 2014 and 2013, respectively; shares issued and outstanding, 181,573,618 in 2014 and 181,433,815 in 2013 18 18
Additional paid-in capital 393,021 350,780
Accumulated deficit (150,209) (157,438)
Total shareholders’ equity of the Company 242,831 193,361
Noncontrolling interest 10 52
Total shareholders' equity 242,841 193,413
Total liabilities and shareholders' equity $ 398,912 $ 360,820