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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 88,614 $ 92,722
Securities owned, at fair value 49,744 58,907
Securities held-to-maturity 2,999 3,994
Accounts receivable 19,397 17,668
Prepaid expenses 4,751 3,346
Other current assets 439 555
Total current assets 165,944 177,192
Fixed assets, net 11,318 11,748
Securities held-to-maturity 18,150 18,502
Deferred tax asset, net 4,026 9,826
Investments, carried at cost 31,909 20,000
Goodwill 1,799 1,799
Intangible asset 9,953 9,953
Other noncurrent assets 793 747
Total assets 243,892 249,767
Current liabilities:    
Fund management and administration payable 13,033 13,584
Compensation and benefits payable 10,817 14,652
Income taxes payable 6,497 4,700
Acquisition payable   3,537
Securities sold, but not yet purchased, at fair value 27 1,248
Accounts payable and other liabilities 6,235 5,806
Total current liabilities: 36,609 43,527
Deferred rent payable 4,785 4,896
Total liabilities 41,394 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: 136,874 and 136,475 at June 30, 2017 and December 31, 2016, respectively 1,369 1,365
Additional paid-in capital 225,584 224,739
Accumulated other comprehensive income/(loss) 261 (44)
Accumulated deficit (24,716) (24,716)
Total stockholders' equity 202,498 201,344
Total liabilities and stockholders' equity $ 243,892 $ 249,767