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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 451,280 $ 430,746
Cash segregated under federal regulations 45,122 50,947
Investments, at fair value 134,861 83,792
Accounts receivable, net of allowance of $577 and $590 as of December 31, 2023 and 2022 ,respectively 89,839 78,450
Receivables from broker-dealers, clearing organizations and customers 687,936 476,335
Goodwill 236,706 154,789
Intangible assets, net of accumulated amortization 119,108 98,065
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 102,671 100,256
Operating lease right-of-use assets 63,045 66,106
Prepaid expenses and other assets 84,499 68,289
Total assets 2,015,067 1,607,775
Liabilities    
Accrued employee compensation 60,124 56,302
Payables to broker-dealers, clearing organizations and customers 537,398 303,993
Income and other tax liabilities 7,892 28,448
Accounts payable, accrued expenses and other liabilities 37,013 55,263
Operating lease liabilities 79,677 82,676
Total liabilities 722,104 526,682
Commitments and Contingencies (Note 15)
Stockholders' equity    
Preferred stock 0 0
Common stock 123 123
Additional paid-in capital 333,292 345,468
Treasury stock - Common stock voting, at cost, 3,041,081 shares and 3,270,512 shares as of December 31, 2023 and 2022, respectively (260,298) (328,326)
Retained earnings 1,244,216 1,101,525
Accumulated other comprehensive loss (24,370) (37,697)
Total stockholders' equity 1,292,963 1,081,093
Total liabilities and stockholders' equity 2,015,067 1,607,775
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0