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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents [1] $ 152,615 $ 33,325
Short-term investments in U.S. Treasury Bills 0 64,988
Investments in securities, at fair value 29,561 25,845
Investment advisory fees receivable 24,187 28,796
Receivable from brokers 4,629 5,833
Receivable from affiliates 3,310 4,882
Goodwill and identifiable intangible assets 3,176 3,176
Deferred tax asset and income tax receivable 9,058 9,462
Other assets 9,794 9,095
Total assets 236,330 185,402
LIABILITIES AND STOCKHOLDERS' EQUITY    
Income taxes payable 2,414 3,910
Lease liability obligations 6,767 5,208
Compensation payable 47,767 21,543
Securities Sold, not yet purchased 0 799
Payable to affiliates 450 3,843
Accrued expenses and other liabilities 38,645 38,973
Sub-total 96,043 74,276
5.875% Senior Notes (net of issuance costs of $10) (due June 1, 2021) (Note 7) 0 24,215
Subordinated Notes (net of issuance costs of $88) (due June 15, 2023) (Note 7) 52,102 0
Total liabilities 148,145 98,491
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 24,241 21,219
Retained earnings 400,452 394,386
Accumulated other comprehensive loss (181) (165)
Treasury stock, at cost (8,490,121 and 8,142,732 shares, respectively) (336,360) (328,562)
Total stockholders' equity 88,185 86,911
Stockholders' Equity    
Total liabilities and stockholders' equity 236,330 185,402
Class A [Member]    
Stockholders' Equity    
Common stock 14 14
Class B [Member]    
Stockholders' Equity    
Common stock $ 19 $ 19
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $138 million and $15 million at September 30, 2021 and December 31, 2020, respectively.