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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 33,325 $ 86,136
Investments in debt securities, at amortized cost:    
Total Investments in debt securities, at amortized cost 64,988 6,547
Investments in equity securities, at fair value 25,845 27,726
Receivable from brokers 5,833 989
Investment advisory fees receivable 28,796 36,093
Receivable from affiliates 4,882 3,940
Finance lease 2,452 2,678
Goodwill and identifiable intangible assets 3,176 3,765
Deferred tax asset and income tax receivable 9,462 16,389
Other assets 6,643 5,623
Total assets 185,402 189,886
LIABILITIES AND STOCKHOLDERS' EQUITY    
Income taxes payable 3,910 757
Lease liability obligations 5,208 5,431
Compensation payable 21,543 64,279
Securities Sold, not yet purchased 799 0
Payable to affiliates 3,843 3,982
Accrued expenses and other liabilities 38,973 36,529
Sub-total 74,276 110,978
5.875% Senior Notes (net of issuance costs of $16 and $34, respectively) (due June 1, 2021) (Note G) 24,215 24,191
Total liabilities 98,491 135,169
Commitments and contingencies (Note 10)
Stockholders' Equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 21,219 17,033
Retained earnings 394,386 362,515
Accumulated other comprehensive loss (165) (204)
Treasury stock, at cost (8,142,732 and 7,846,436 shares, respectively) (328,562) (324,660)
Total stockholders' equity 86,911 54,717
Total liabilities and stockholders' equity 185,402 189,886
U.S. Treasuries [Member]    
Investments in debt securities, at amortized cost:    
Total Investments in debt securities, at amortized cost 64,988 0
U.K. Gilts [Member]    
Investments in debt securities, at amortized cost:    
Total Investments in debt securities, at amortized cost 0 6,547
Class A [Member]    
Stockholders' Equity    
Common stock 14 14
Class B [Member]    
Stockholders' Equity    
Common stock $ 19 $ 19