Annual report pursuant to section 13 and 15(d)

Condensed Consolidated Statements Of Financial Condition

v2.4.0.8
Condensed Consolidated Statements Of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 50,329 $ 35,434
Securities owned, at fair value 4,789 2,078
Receivables from clearing brokers 31,391 16,973
Receivables from other broker-dealers 2,126 2,149
Notes receivable from financial advisors, net 31,751 39,148
Other receivables, net 21,687 20,534
Fixed assets, net 15,866 13,199
Restricted assets 570 320
Intangible assets, net 76,251 87,988
Goodwill 90,501 90,578
Unamortized debt issue cost 1,069 1,768
Cash surrender value of life insurance 12,370 11,207
Other assets 22,120 16,753
Total assets 360,820 338,129
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 83 292
Accrued compensation 20,098 12,017
Commissions and fees payable 32,800 31,570
Accounts payable and accrued liabilities 19,846 13,735
Deferred rent 1,871 1,977
Deferred income taxes 7,499 6,545
Deferred compensation liability 19,056 17,955
Accrued interest 1,506 4,838
Notes payable, net of $1,618 and $7,120 unamortized discount in 2013 and 2012, respectively 64,648 197,979
Total liabilities 167,407 286,908
Commitments and contingencies (Note 13)      
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; 6,189,497 shares issued and outstanding in 2013 (liquidation preference $154,737) 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, 181,433,815 in 2013 and 183,478,872 in 2012 18 18
Additional paid-in capital 350,780 208,187
Accumulated deficit (157,438) (156,984)
Total shareholders’ equity of the Company 193,361 51,221
Noncontrolling interest 52 0
Total shareholders' equity 193,413 51,221
Total liabilities and shareholders' equity $ 360,820 $ 338,129