XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents ($3.8 million restricted from use at March 31, 2019 and December 31, 2018) $ 80,452 $ 156,374
Advisory fees receivable, net of allowance for doubtful accounts of $0.3 million and $0.0 million at March 31, 2019 and December 31, 2018, respectively 45,381 61,793
Other receivables 7,741 2,595
Property and equipment, net of accumulated depreciation of $45.8 million and $45.0 million at March 31, 2019 and December 31, 2018, respectively 6,833 7,185
Operating lease right-of-use asset 34,879  
Goodwill 206,685 205,922
Deferred tax asset, net 39,964 43,706
Other assets 18,869 8,125
Total assets 440,804 485,700
Liabilities and Equity    
Compensation payable 19,968 56,922
Accounts payable and accrued expenses 13,218 17,167
Current income taxes payable 3,162 7,486
Operating lease obligations 37,896  
Secured term loan payable 311,305 319,479
Contingent obligation due selling unitholders of Cogent 18,868 18,293
Deferred tax liability 4,270 3,990
Total liabilities 408,687 423,337
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 46,225,572 and 45,001,788 shares issued as of March 31, 2019 and December 31, 2018, respectively; 20,692,109 and 20,404,996 shares outstanding as of March 31, 2019 and December 31, 2018, respectively 462 450
Restricted stock units 47,214 71,596
Additional paid-in capital 880,924 846,721
Exchangeable shares of subsidiary; 257,156 shares issued as of March 31, 2019 and December 31, 2018; 32,804 shares outstanding as of March 31, 2019 and December 31, 2018 1,958 1,958
Retained earnings 46,695 63,427
Accumulated other comprehensive income (loss) (34,651) (35,705)
Treasury stock, at cost, par value $0.01 per share; 25,533,463 and 24,596,792 shares as of March 31, 2019 and December 31, 2018, respectively (910,485) (886,084)
Stockholders’ equity 32,117 62,363
Total liabilities and equity $ 440,804 $ 485,700