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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents ($4.4 million and $4.3 million restricted from use at June 30, 2017 and December 31, 2016, respectively) $ 68,022 $ 98,313
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at June 30, 2017 and December 31, 2016 50,120 68,140
Other receivables 3,716 2,830
Property and equipment, net of accumulated depreciation of $60.4 million at June 30, 2017 and $59.0 million at December 31, 2016 8,650 8,764
Goodwill 215,568 208,186
Deferred tax asset, net 55,585 62,108
Other assets 7,950 8,341
Total assets 409,611 456,682
Liabilities and Equity    
Compensation payable 22,700 37,527
Accounts payable and accrued expenses 8,771 9,297
Current income taxes payable 5,635 18,968
Bank revolving loan payable 68,650 64,070
Bank term loans payable 11,250 16,875
Contingent obligation due selling unitholders of Cogent 7,582 15,095
Deferred tax liability 4,426 3,667
Total liabilities 129,014 165,499
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 42,433,652 and 41,377,614 shares issued as of June 30, 2017 and December 31, 2016, respectively; 29,605,106 and 28,981,189 shares outstanding as of June 30, 2017 and December 31, 2016, respectively 424 414
Restricted stock units 65,946 85,907
Additional paid-in capital 775,390 734,728
Exchangeable shares of subsidiary; 257,156 shares issued as of June 30, 2017 and December 31, 2016; 32,804 shares outstanding as of June 30, 2017 and December 31, 2016 1,958 1,958
Retained earnings 86,503 111,798
Accumulated other comprehensive income (loss) (25,667) (32,398)
Treasury stock, at cost, par value $0.01 per share; 12,828,546 and 12,396,425 shares as of June 30, 2017 and December 31, 2016, respectively (623,957) (611,224)
Stockholders’ equity 280,597 291,183
Total liabilities and equity $ 409,611 $ 456,682