XML 16 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 57,189,876 $ 57,474,777
Investment portfolio 108,015,635 52,490,820
Accounts receivable 18,605,209 18,579,302
Prepaid expenses 2,032,726 1,780,105
Income taxes receivable 1,111,890 1,402,137
Property and equipment, net of depreciation 4,025,758 4,253,361
Deferred taxes 8,736,767 9,206,079
Total assets 199,717,861 145,186,581
Liabilities    
Accounts payable and accrued expenses 9,787,048 7,651,324
Accrued incentive compensation 22,683,500 21,984,500
Deferred compensation 14,182,470 10,236,743
Total liabilities 46,653,018 39,872,567
Redeemable Noncontrolling Interest, Equity, Common, Fair Value 13,840,688 0
Shareholders’ Equity    
Common stock, no par value 7,000,000 shares authorized; 3,411,556 issued and outstanding at December 31, 2016 (inclusive of 201,800 unvested shares); 3,414,338 issued and outstanding at December 31, 2015 (inclusive of 310,356 unvested shares) 109,293,803 102,536,527
Preferred stock, undesignated, 1,000,000 shares authorized and unissued 0 0
Deferred equity compensation (17,728,106) (19,294,784)
Retained Earnings 47,658,458 22,072,271
Total shareholders’ equity 139,224,155 105,314,014
Total liabilities and shareholders’ equity $ 199,717,861 $ 145,186,581
Book value per share $ 40.81 $ 30.84