Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 128,847	$ 104,316
Accounts receivable	15,733	18,100
Other current assets	2,706	1,320
Total current assets	147,286	123,736
Fixed assets, net	9,634	6,252
Investments	12,145	11,748
Deferred tax asset, net	9,487
Goodwill	1,676
Other noncurrent assets	63	55
Total assets	180,291	141,791
Current liabilities:
Fund management and administration payable	10,031	10,394
Compensation and benefits payable	4,655	14,278
Accounts payable and other liabilities	4,993	4,384
Total current liabilities	19,679	29,056
Other noncurrent liabilities:
Acquisition payable	1,757
Deferred rent payable	4,992	3,706
Total liabilities	26,428	32,762
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized	0	0
Common stock, par value $0.01; 250,000 shares authorized; issued: 133,320 and 132,247; outstanding: 131,542 and 130,350	1,333	1,322
Additional paid-in capital	188,218	184,201
Accumulated deficit	(35,688)	(76,494)
Total stockholders' equity	153,863	109,029
Total liabilities and stockholders' equity	$ 180,291	$ 141,791

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered.

No definition available.