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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 434,063 $ 451,280
Cash segregated under federal regulations 46,141 45,122
Investments, at fair value 135,908 134,861
Accounts receivable, net of allowance of $609 and $577 as of June 30, 2024 and December 31, 2023, respectively 92,350 89,839
Receivables from broker-dealers, clearing organizations and customers 577,992 687,936
Goodwill 236,706 236,706
Intangible assets, net of accumulated amortization 108,420 119,108
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 108,802 102,671
Operating lease right-of-use assets 60,500 63,045
Prepaid expenses and other assets 85,831 84,499
Total assets 1,886,713 2,015,067
Liabilities    
Accrued employee compensation 41,002 60,124
Payables to broker-dealers, clearing organizations and customers 392,846 537,398
Securities sold, not yet purchased, at fair value 9,167 0
Income and other tax liabilities 2,058 7,892
Accounts payable, accrued expenses and other liabilities 36,338 37,013
Operating lease liabilities 76,081 79,677
Total liabilities 557,492 722,104
Commitments and Contingencies (Note 13)
Stockholders' equity    
Preferred stock 0 0
Common stock 123 123
Additional paid-in capital 335,641 333,292
Treasury stock - Common stock voting, at cost, 3,248,580 shares and 3,041,081 shares as of June 30, 2024 and December 31, 2023 respectively (302,455) (260,298)
Retained earnings 1,325,139 1,244,216
Accumulated other comprehensive loss (29,227) (24,370)
Total stockholders' equity 1,329,221 1,292,963
Total liabilities and stockholders' equity 1,886,713 2,015,067
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0