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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 79,637 $ 92,722
Securities owned, at fair value 57,611 58,907
Securities held-to-maturity 3,997 3,994
Accounts receivable 19,234 17,668
Prepaid expenses 3,219 3,346
Other current assets 534 555
Total current assets 164,232 177,192
Fixed assets, net 11,642 11,748
Securities held-to-maturity 19,205 18,502
Deferred tax asset, net 3,596 9,826
Investment, carried at cost 20,000 20,000
Goodwill 1,799 1,799
Intangible asset 9,953 9,953
Other noncurrent assets 748 747
Total assets 231,175 249,767
Current liabilities:    
Fund management and administration payable 13,229 13,584
Compensation and benefits payable 4,923 14,652
Income taxes payable 4,518 4,700
Acquisition payable   3,537
Securities sold, but not yet purchased, at fair value 27 1,248
Accounts payable and other liabilities 6,033 5,806
Total current liabilities: 28,730 43,527
Deferred rent payable 4,839 4,896
Total liabilities 33,569 48,423
Commitments and Contingencies (Note 8)
Stockholders' equity:    
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued and outstanding: 136,622 and 136,475 at March 31, 2017 and December 31, 2016, respectively 1,366 1,365
Additional paid-in capital 220,858 224,739
Accumulated other comprehensive income/(loss) 98 (44)
Accumulated deficit (24,716) (24,716)
Total stockholders' equity 197,606 201,344
Total liabilities and stockholders' equity $ 231,175 $ 249,767