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
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 94,952 $ 50,329
Securities owned, at fair value 5,858 4,789
Receivables from clearing brokers 68,378 31,391
Receivables from other broker-dealers 1,840 2,126
Notes receivable from financial advisors, net 26,898 31,751
Other receivables, net 28,671 21,687
Fixed assets, net 19,245 15,866
Restricted assets 470 570
Intangible assets, net 104,936 76,251
Goodwill 106,926 90,501
Unamortized debt issue cost 755 1,069
Cash surrender value of life insurance 10,140 12,370
Other assets 24,263 22,120
Total assets 493,332 360,820
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 3,434 83
Accrued compensation 21,813 20,098
Commissions and fees payable 39,392 32,800
Accounts payable and accrued liabilities 22,328 19,846
Deferred rent 1,585 1,871
Deferred income taxes 9,040 7,499
Deferred compensation liability 16,704 19,056
Accrued interest 2,039 1,506
Notes payable, net of $951 and $1,618 unamortized discount in 2014 and 2013, respectively 62,131 64,648
Total liabilities 178,466 167,407
Commitments and contingencies (Note 7)      
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; 10,873,206 and 6,189,497 shares issued and outstanding in 2014 and 2013, respectively (liquidation preference $271,830 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, 183,346,168 in 2014 and 181,433,815 in 2013 18 18
Additional paid-in capital 452,263 350,780
Accumulated deficit (137,406) (157,438)
Total shareholders’ equity of the Company 314,876 193,361
Noncontrolling interest (10) 52
Total shareholders' equity 314,866 193,413
Total liabilities and shareholders' equity $ 493,332 $ 360,820