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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 446,347 $ 451,280
Cash segregated under federal regulations 46,657 45,122
Investments, at fair value 167,213 134,861
Accounts receivable, net of allowance of $710 and $577 as of September 30, 2024 and December 31, 2023, respectively 102,760 89,839
Receivables from broker-dealers, clearing organizations and customers 474,989 687,936
Goodwill 236,706 236,706
Intangible assets, net of accumulated amortization 104,331 119,108
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization 109,482 102,671
Operating lease right-of-use assets 59,998 63,045
Prepaid expenses and other assets 84,566 84,499
Total assets 1,833,049 2,015,067
Liabilities    
Accrued employee compensation 52,816 60,124
Payables to broker-dealers, clearing organizations and customers 283,314 537,398
Income and other tax liabilities 2,151 7,892
Accounts payable, accrued expenses and other liabilities 33,437 37,013
Operating lease liabilities 75,077 79,677
Total liabilities 446,795 722,104
Commitments and Contingencies (Note 13)
Stockholders' equity    
Preferred stock 0 0
Common stock 123 123
Additional paid-in capital 344,138 333,292
Treasury stock - Common stock voting, at cost, 3,310,174 shares and 3,041,081 shares as of September 30, 2024 and December 31, 2023, respectively (316,524) (260,298)
Retained earnings 1,368,661 1,244,216
Accumulated other comprehensive loss (10,144) (24,370)
Total stockholders' equity 1,386,254 1,292,963
Total liabilities and stockholders' equity 1,833,049 2,015,067
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock $ 0 $ 0