Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 128,582	$ 250,018
Receivables from brokers, dealers and clearing organizations	16,962	283,108
Financial instruments and other inventory positions owned	241,395	434,088
Financial instruments and other inventory positions owned and pledged as collateral	369,948	205,674
Total financial instruments and other inventory positions owned	611,343	639,762
Fixed assets (net of accumulated depreciation and amortization of $68,397 and $65,991, respectively)	36,315	29,850
Goodwill	181,808	87,649
Intangible assets (net of accumulated amortization of $50,742 and $40,864, respectively)	164,408	16,686
Investments	141,542	158,141
Net deferred income tax assets	79,360	68,035
Right-of-use lease asset	74,847	40,030
Other assets	82,713	55,440
Total assets	1,517,880	1,628,719
Liabilities and Shareholders' Equity
Short-term financing	99,980	49,978
Senior notes	175,000	175,000
Payables to brokers, dealers and clearing organizations	16,201	7,514
Financial instruments and other inventory positions sold, but not yet purchased	147,118	185,425
Accrued compensation	126,990	300,527
Accrued lease liability	91,276	57,169
Other liabilities and accrued expenses	65,240	46,578
Total liabilities	721,805	822,191
Shareholders’ equity:
Common stock, $0.01 par value: Shares authorized: 100,000,000 at March 31, 2020 and December 31, 2019; Shares issued: 19,526,398 at March 31, 2020 and 19,526,533 at December 31, 2019; Shares outstanding: 13,783,930 at March 31, 2020 and 13,717,315 at December 31, 2019	195	195
Additional paid-in capital	790,478	757,669
Retained earnings	227,876	258,669
Less common stock held in treasury, at cost: 5,742,468 shares at March 31, 2020 and 5,809,218 shares at December 31, 2019	(287,446)	(284,378)
Accumulated other comprehensive loss	(1,544)	(872)
Total common shareholders' equity	729,559	731,283
Noncontrolling interests	66,516	75,245
Total shareholders' equity	796,075	806,528
Total liabilities and shareholders' equity	$ 1,517,880	$ 1,628,719