Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Financial Condition

v3.3.0.814
Condensed Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 114,548 $ 103,087
Securities owned, at fair value 4,125 5,910
Receivables from clearing brokers 51,273 38,760
Receivables from other broker-dealers 961 1,788
Notes receivable from financial advisors, net 25,604 26,152
Other receivables, net 38,457 36,872
Fixed assets, net 21,921 19,820
Restricted assets 911 620
Intangible assets, net 143,897 123,000
Goodwill 125,877 115,238
Unamortized debt issue cost 347 644
Cash surrender value of life insurance 8,821 10,419
Other assets 26,548 28,448
Total assets 563,290 510,758
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 419 230
Accrued compensation 22,913 23,483
Commissions and fees payable 50,023 45,294
Accounts payable and accrued liabilities 24,615 25,747
Deferred rent 1,573 1,514
Deferred income taxes 1,600 3,216
Deferred compensation liability 16,565 17,640
Accrued interest 1,330 1,129
Notes payable, net of $1,655 and $1,093 unamortized discount in 2015 and 2014, respectively 59,184 56,034
Total liabilities $ 178,222 $ 174,287
Commitments and contingencies (Note 9)
Shareholders' equity:    
Preferred stock, $.0001 par value; authorized 25,000,000 shares in 2015 and 2014: 8% Series A cumulative redeemable preferred stock; authorized 17,290,000 shares in 2015 and 14,290,000 shares in 2014; shares issued and outstanding 14,610,377 in 2015 and 11,096,231 in 2014 (liquidation preference $365,259 in 2015 and $277,406 in 2014) $ 1 $ 1
Common stock, $.0001 par value; authorized 800,000,000 shares in 2015 and 2014; shares issued and outstanding 183,220,166 in 2015 and 184,968,487 in 2014 19 18
Additional paid-in capital 517,988 460,446
Accumulated deficit (132,952) (124,005)
Total shareholders’ equity of the Company 385,056 336,460
Noncontrolling interest 12 11
Total shareholders' equity 385,068 336,471
Total liabilities and shareholders' equity $ 563,290 $ 510,758