XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 63,659,780 $ 57,474,777
Investment portfolio 87,047,844 52,490,820
Accounts receivable 17,479,493 18,579,302
Prepaid expenses 1,679,796 1,780,105
Income Taxes Receivable, Current 1,200,112 1,402,137
Property and equipment, net of depreciation 4,127,815 4,253,361
Deferred taxes 9,123,652 9,206,079
Total assets 184,318,492 145,186,581
Liabilities    
Accounts payable and accrued expenses 6,782,593 7,651,324
Accrued incentive compensation 16,155,000 21,984,500
Deferred compensation 13,369,919 10,236,743
Total liabilities 36,307,512 39,872,567
Redeemable noncontrolling interest 4,229,220 0
Shareholders’ equity    
Common stock, no par value 7,000,000 shares authorized; 3,413,355 issued and outstanding at September 30, 2016 (inclusive of 208,800 unvested shares); 3,414,338 issued and outstanding at December 31, 2015 (inclusive of 310,356 unvested shares) 108,914,518 102,536,527
Preferred stock, undesignated, 1,000,000 shares authorized and unissued 0 0
Deferred equity compensation (19,611,808) (19,294,784)
Retained earnings 54,479,050 22,072,271
Total shareholders’ equity 143,781,760 105,314,014
Total liabilities and shareholders’ equity $ 184,318,492 $ 145,186,581
Book value per share (usd per share) $ 42.12 $ 30.84