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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 144,369 $ 142,027
Investments in equity securities, at fair value 37,982 32,344
Investment advisory fees receivable 21,211 30,977
Deferred tax asset and income tax receivable 7,456 6,707
Finance lease 3,831 4,055
Receivable from affiliates 3,554 3,440
Goodwill and identifiable intangible assets 3,176 3,176
Receivable from brokers 2,873 3,930
Other assets 5,730 5,016
Total assets 230,182 231,672
LIABILITIES AND STOCKHOLDERS' EQUITY    
Compensation payable 20,139 21,049
Lease liability obligations 6,561 6,799
Income taxes payable 7,373 315
Payable to affiliates 413 5,198
Payable for investments purchased 0 14,990
Accrued expenses and other liabilities 37,346 38,451
Sub-total 71,832 86,802
Subordinated Notes (net of issuance costs of $62 and $75, respectively) (due June 15, 2023) (Note 7) 50,935 50,990
Total liabilities 122,767 137,792
Commitments and contingencies (Note 10)
Stockholders' Equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 29,092 28,753
Retained earnings 426,710 410,333
Accumulated other comprehensive loss (208) (177)
Treasury stock, at cost (8,984,349 and 8,843,454 shares, respectively) (348,212) (345,062)
Total stockholders' equity 107,415 93,880
Total liabilities and stockholders' equity 230,182 231,672
Class A [Member]    
Stockholders' Equity    
Common stock 14 14
Class B [Member]    
Stockholders' Equity    
Common stock $ 19 $ 19