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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 396,487 $ 430,746
Cash segregated under federal regulations 52,015 50,947
Investments, at fair value 109,037 83,792
Accounts receivable, net of allowance of $421 and $590 as of June 30, 2023 and December 31, 2022, respectively 92,969 78,450
Receivables from broker-dealers, clearing organizations and customers 479,741 476,335
Goodwill 154,789 154,789
Intangible assets, net of accumulated amortization 89,812 98,065
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 99,022 100,256
Operating lease right-of-use assets 63,674 66,106
Prepaid expenses and other assets 81,645 68,289
Total assets 1,619,191 1,607,775
Liabilities    
Accrued employee compensation 35,877 56,302
Payables to broker-dealers, clearing organizations and customers 287,360 303,993
Income and other tax liabilities 18,518 28,448
Accounts payable, accrued expenses and other liabilities 32,422 55,263
Operating lease liabilities 79,922 82,676
Total liabilities 454,099 526,682
Commitments and Contingencies (Note 13)
Stockholders' equity    
Preferred stock 0 0
Common stock 123 123
Additional paid-in capital 339,867 345,468
Treasury stock - Common stock voting, at cost, 3,268,584 shares and 3,270,512 shares as of June 30, 2023 and December 31, 2022 respectively (327,815) (328,326)
Retained earnings 1,180,820 1,101,525
Accumulated other comprehensive loss (27,903) (37,697)
Total stockholders' equity 1,165,092 1,081,093
Total liabilities and stockholders' equity 1,619,191 1,607,775
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0