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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 420,497 $ 430,746
Cash segregated under federal regulations 52,601 50,947
Investments, at fair value 132,844 83,792
Accounts receivable, net of allowance of $580 and $590 as of September 30, 2023 and December 31, 2022, respectively 90,548 78,450
Receivables from broker-dealers, clearing organizations and customers 548,081 476,335
Goodwill 154,789 154,789
Intangible assets, net of accumulated amortization 84,687 98,065
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 101,654 100,256
Operating lease right-of-use assets 63,101 66,106
Prepaid expenses and other assets 88,710 68,289
Total assets 1,737,512 1,607,775
Liabilities    
Accrued employee compensation 43,881 56,302
Payables to broker-dealers, clearing organizations and customers 364,086 303,993
Income and other tax liabilities 19,379 28,448
Accounts payable, accrued expenses and other liabilities 40,019 55,263
Operating lease liabilities 79,169 82,676
Total liabilities 546,534 526,682
Commitments and Contingencies (Note 13)
Stockholders' equity    
Preferred stock 0 0
Common stock 123 123
Additional paid-in capital 346,947 345,468
Treasury stock - Common stock voting, at cost, 3,265,857 shares and 3,270,512 shares as of September 30, 2023 and December 31, 2022 respectively (327,091) (328,326)
Retained earnings 1,208,607 1,101,525
Accumulated other comprehensive loss (37,608) (37,697)
Total stockholders' equity 1,190,978 1,081,093
Total liabilities and stockholders' equity 1,737,512 1,607,775
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0