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
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 22,298 $ 22,628
Securities owned at fair value 1,336 2,014
Receivables from clearing brokers 29,216 27,368
Receivables from other broker-dealers 1,817 513
Notes receivable from financial advisors, net 42,749 44,308
Other receivables, net 19,605 18,873
Fixed assets 12,555 12,011
Restricted assets 320 320
Intangible assets, net 92,980 98,829
Goodwill 90,193 91,161
Unamortized debt issue cost 2,007 2,246
Cash surrender value of life insurance 10,777 12,161
Other assets 14,492 14,713
Total assets 340,345 [1] 347,145
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 64 78
Accrued compensation 12,279 10,499
Commissions and fees payable 28,056 25,891
Accounts payable and accrued liabilities 12,164 19,203
Deferred rent 2,020 2,333
Deferred income taxes 5,985 6,548
Deferred compensation liability 17,346 18,701
Accrued interest 5,575 3,265
Notes payable, net of $8,116 and $9,113 unamortized discount in 2012 and 2011, respectively 199,073 197,184
Total liabilities 282,562 283,702
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, 183,664,661 in 2012 and 183,253,068 in 2011 18 18
Additional paid-in capital 206,357 204,055
Accumulated deficit (148,592) (140,630)
Total shareholders' equity 57,783 63,443
Total liabilities and shareholders' equity $ 340,345 $ 347,145
[1] Amounts for 2012 include Securities America which was acquired on November 4, 2011.