Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)
In Thousands
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 18,887 $ 22,628
Securities owned at fair value 5,129 2,014
Receivables from clearing brokers 23,216 27,368
Receivables from other broker-dealers 1,285 513
Notes receivable from financial advisors, net 43,840 44,308
Other receivables, net 18,679 18,873
Fixed assets 11,589 12,011
Restricted assets 320 320
Intangible assets, net 95,904 98,829
Goodwill 90,213 91,161
Unamortized debt issue cost 2,126 2,246
Cash surrender value of life insurance 11,301 12,161
Other assets 16,856 14,713
Total assets 339,345 347,145
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 33 78
Accrued compensation 8,078 10,499
Commissions and fees payable 28,397 25,891
Accounts payable and accrued liabilities 10,903 19,203
Deferred rent 2,175 2,333
Deferred income taxes 6,101 6,548
Deferred compensation liability 17,794 18,701
Accrued interest 5,243 3,265
Notes payable, net of $8,613 and $9,113 unamortized discount in 2012 and 2011, respectively 198,630 197,184
Total liabilities 277,354 283,702
Commitments and contingencies (Note 8)    
Shareholders' equity:    
Preferred stock, $.0001 par value; 2,000,000 shares authorized; none issued    
Common stock, $.0001 par value; 400,000,000 shares authorized; shares issued and outstanding, 183,921,963 in 2012 and 183,253,068 in 2011 18 18
Additional paid-in capital 205,582 204,055
Accumulated deficit (143,609) (140,630)
Total shareholders' equity 61,991 63,443
Total liabilities and shareholders' equity $ 339,345 $ 347,145