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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 79,550 $ 90,675
Deposits with clearing organizations 48,415 67,678
Receivable from brokers, dealers and clearing organizations 163,293 166,493
Receivable from customers, net of allowance for credit losses of $451 ($886 in 2018) 796,934 720,777
Income tax receivable 5,170 1,014
Securities purchased under agreements to resell 0 290
Securities owned, including amounts pledged of $357,120 ($517,951 in 2018), at fair value 799,719 837,584
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $38,355 and $3,673, respectively ($25,109 and $6,800, respectively, in 2018) 43,670 44,058
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $94,773 ($89,182 in 2018) 31,377 28,988
Intangible assets 32,100 32,100
Goodwill 137,889 137,889
Other assets 166,341 112,768
Total assets 2,464,755 2,240,314
Liabilities    
Drafts payable 0 16,348
Bank call loans 0 15,000
Payable to brokers, dealers and clearing organizations 520,975 289,207
Payable to customers 334,735 336,616
Securities sold under agreements to repurchase 287,265 484,218
Securities sold but not yet purchased, at fair value 100,571 85,446
Accrued compensation 207,358 167,348
Accounts payable and other liabilities 44,725 87,630
Lease liabilities 203,140 0
Senior secured notes, net of debt issuance costs of $485 ($904 in 2018) 149,515 199,096
Deferred tax liabilities, net of deferred tax assets of $43,630 ($41,722 in 2018) 23,749 14,083
Total liabilities 1,872,033 1,694,992
Commitments and contingencies (note 16)
Share capital    
Common stock 46,557 53,392
Contributed capital 47,406 41,776
Retained earnings 496,998 449,989
Accumulated other comprehensive income 1,761 165
Total stockholders' equity 592,722 545,322
Total liabilities and stockholders' equity 2,464,755 2,240,314
Right-of-use lease assets, net of accumulated amortization of $25,186 160,297 0
Class A Stock    
Share capital    
Common stock 46,424 53,259
Class B Stock    
Share capital    
Common stock $ 133 $ 133