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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents ($5.7 million and $6.9 million restricted from use at March 31, 2023 and December 31, 2022, respectively) $ 58,763 $ 104,336
Fees receivable, net of allowance for doubtful accounts of $0.1 million and $0.1 million at March 31, 2023 and December 31, 2022, respectively 35,939 40,322
Other receivables 13,096 2,886
Property and equipment, net of accumulated depreciation of $16.5 million and $15.6 million at March 31, 2023 and December 31, 2022, respectively 27,840 27,040
Operating lease right-of-use asset 85,775 88,333
Goodwill 200,961 202,708
Deferred tax asset, net 73,207 75,196
Other assets 23,345 11,968
Total assets 518,926 552,789
Liabilities and Equity    
Compensation payable 26,139 28,656
Accounts payable and accrued expenses 18,311 17,011
Current income taxes payable 12,427 12,134
Operating lease obligations 105,437 107,637
Secured term loan payable 268,285 269,633
Deferred tax liability 35,593 36,754
Total liabilities 466,192 471,825
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 54,407,729 and 53,288,909 shares issued as of March 31, 2023 and December 31, 2022, respectively; 18,310,176 and 17,768,705 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 544 533
Restricted stock units 38,671 48,333
Additional paid-in capital 1,024,571 1,008,797
Retained earnings 100,224 125,994
Accumulated other comprehensive income (loss) $ (39,579) $ (38,856)
Treasury stock, par value (usd per share) $ 0.01 $ 0.01
Treasury Stock, Common, Shares 36,097,553 35,520,204
Treasury stock, at cost, par value $0.01 per share; 36,097,553 and 35,520,204 shares as of March 31, 2023 and December 31, 2022, respectively $ (1,071,697) $ (1,063,837)
Stockholders’ equity 52,734 80,964
Total liabilities and equity $ 518,926 $ 552,789