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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 23,540 $ 79,550
Deposits with clearing organizations 119,580 48,415
Receivable from brokers, dealers and clearing organizations 198,417 163,293
Receivable from customers, net of allowance for credit losses of $528 ($451 in 2019) 964,772 796,934
Income tax receivable 6,283 5,170
Securities owned, including amounts pledged of $150,547 ($357,120 in 2019), at fair value 309,346 799,719
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $31,188 and $3,908 respectively ($38,355 and $3,673, respectively, in 2019) 44,960 43,670
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $96,742 ($94,773 in 2019) 30,646 31,377
Operating Lease, Right-of-Use Asset 156,040 160,297
Intangible assets 32,100 32,100
Goodwill 137,889 137,889
Other assets 116,060 166,341
Total assets 2,139,633 2,464,755
Liabilities    
Drafts payable 19,066 0
Bank call loans 203,100 0
Payable to brokers, dealers and clearing organizations 239,583 520,975
Payable to customers 413,646 334,735
Securities sold under agreements to repurchase 124,103 287,265
Securities sold but not yet purchased, at fair value 34,639 100,571
Accrued compensation 102,407 207,358
Accounts payable and other liabilities 43,645 44,725
Present value of lease liabilities 197,728 203,140
Senior secured notes, net of debt issuance costs of $432 ($485 in 2019) 148,142 149,515
Deferred tax liabilities, net of deferred tax assets of $37,080 ($43,630 in 2019) 26,844 23,749
Total liabilities 1,552,903 1,872,033
Commitments and contingencies (note 13)
Share capital    
Common stock 44,306 46,557
Contributed capital 37,945 47,406
Retained earnings 503,255 496,998
Accumulated other comprehensive income 1,224 1,761
Stockholders' Equity Attributable to Parent 586,730 592,722
Total liabilities and stockholders' equity 2,139,633 2,464,755
Class A Stock    
Share capital    
Common stock 44,173 46,424
Class B Stock    
Share capital    
Common stock $ 133 $ 133