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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 168,472 $ 41,232
Investments ($100,900 and $80,743) [1] 138,044 154,978
Accounts receivable 89,142 69,680
Due from brokers ($2,611 and $223) [1] 3,251 5,125
Property and equipment—net 9,055 10,341
Operating lease right-of-use assets—net 24,293 31,203
Goodwill and intangible assets—net 19,897 20,495
Other assets ($540 and $637) [1] 16,439 15,399
Total assets 468,593 348,453
Liabilities:    
Accrued compensation and benefits 64,228 56,384
Distribution and service fees payable 11,271 7,748
Operating lease liabilities 27,110 34,926
Income tax payable 21,065 12,672
Due to brokers ($3,105 and $128) [1] 2,654 501
Other liabilities and accrued expenses ($184 and $326) [1] 11,692 11,318
Total liabilities 138,020 123,549
Commitments and contingencies
Redeemable noncontrolling interests 66,032 50,665
Stockholders’ equity:    
Common stock, $0.01 par value; 500,000,000 shares authorized; 54,230,611 and 53,462,621 shares issued at June 30, 2021 and December 31, 2020 respectively 542 535
Additional paid-in capital 703,790 670,142
Accumulated deficit (211,676) (291,542)
Accumulated other comprehensive loss, net of tax (5,986) (4,134)
Less: Treasury stock, at cost, 5,984,617 and 5,674,510 shares at June 30, 2021 and December 31, 2020, respectively (222,129) (200,762)
Total stockholders’ equity 264,541 174,239
Total liabilities and stockholders’ equity $ 468,593 $ 348,453
[1] Asset and liability amounts in parentheses represent the aggregated balances at September 30, 2021 and December 31, 2020 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.