Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 159,761	$ 210,070
Accounts receivable	20,701	27,576
Other current assets	3,651	2,899
Total current assets	184,113	240,545
Fixed assets, net	12,051	11,974
Investments	22,581	23,689
Deferred tax asset, net	4,717	14,071
Goodwill	3,475	1,676
Intangible asset	9,953
Other noncurrent assets	763	738
Total assets	237,653	292,693
Current liabilities:
Fund management and administration payable	12,812	12,971
Compensation and benefits payable	5,075	28,060
Accounts payable and other liabilities	6,093	8,063
Total current liabilities:	23,980	49,094
Acquisition payable	4,687	3,942
Deferred rent payable	5,071	5,155
Total liabilities	$ 33,738	$ 58,191
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued: 136,465 and 138,415; outstanding: 134,085 and 136,794	$ 1,365	$ 1,384
Additional paid-in capital	225,860	257,960
Accumulated other comprehensive income/(loss)	247	(126)
Accumulated deficit	(23,557)	(24,716)
Total stockholders' equity	203,915	234,502
Total liabilities and stockholders' equity	$ 237,653	$ 292,693

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.