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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Cash and cash equivalents $ 177,611 $ 231,997
Cash and cash equivalents - restricted 23,001 59,558
Investment securities 649,052 617,135
Receivables:    
Funds and separate accounts 19,130 18,112
Customers and other 78,608 151,515
Prepaid expenses and other current assets 22,446 27,164
Total current assets 969,848 1,105,481
Property and equipment, net 58,773 63,429
Goodwill and identifiable intangible assets 145,869 145,869
Deferred income taxes 5,920 12,321
Other non-current assets 48,053 16,979
Total assets 1,228,463 1,344,079
Liabilities:    
Accounts payable 24,984 26,253
Payable to investment companies for securities 30,168 100,085
Payable to third party brokers 18,134 19,891
Payable to customers 40,426 86,184
Accrued compensation 41,999 54,129
Other current liabilities 63,990 51,580
Total current liabilities 219,701 338,122
Long-term debt 94,872 94,854
Accrued pension and postretirement costs 806 798
Other non-current liabilities 31,544 15,392
Total liabilities 346,923 449,166
Redeemable noncontrolling interests 12,936 11,463
Stockholders’ equity:    
Preferred stock—$1.00 par value: 5,000 shares authorized; none issued
Class A Common stock—$0.01 par value: 250,000 shares authorized; 99,701 shares issued; 75,679 shares outstanding (76,790 at December 31, 2018) 997 997
Additional paid-in capital 290,872 311,264
Retained earnings 1,211,566 1,198,445
Cost of 24,022 common shares in treasury (22,911 at December 31, 2018) (636,726) (627,587)
Accumulated other comprehensive income 1,895 331
Total stockholders’ equity 868,604 883,450
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 1,228,463 $ 1,344,079