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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 430,746 $ 506,735
Cash segregated under federal regulations 50,947 50,159
Investments, at fair value 83,792 36,078
Accounts receivable, net of allowance of $590 and $140 as of December 31, 2022 and 2021 ,respectively 78,450 63,881
Receivables from broker-dealers, clearing organizations and customers 476,335 408,346
Goodwill 154,789 154,789
Intangible assets, net of accumulated amortization 98,065 116,377
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 100,256 96,061
Operating lease right-of-use assets 66,106 70,960
Prepaid expenses and other assets 68,289 27,066
Total assets 1,607,775 1,530,452
Liabilities    
Accrued employee compensation 56,302 59,719
Payables to broker-dealers, clearing organizations and customers 303,993 229,325
Income and other tax liabilities 28,448 40,456
Accounts payable, accrued expenses and other liabilities 55,263 71,218
Operating lease liabilities 82,676 88,425
Total liabilities 526,682 489,143
Commitments and Contingencies (Note 15)
Stockholders' equity    
Preferred stock 0 0
Common stock 123 123
Additional paid-in capital 345,468 330,262
Treasury stock - Common stock voting, at cost, 3,270,512 shares and 2,992,550 shares as of December 31, 2022 and 2021, respectively (328,326) (232,712)
Retained earnings 1,101,525 956,966
Accumulated other comprehensive loss (37,697) (13,330)
Total stockholders' equity 1,081,093 1,041,309
Total liabilities and stockholders' equity 1,607,775 1,530,452
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0