XML 14 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
ASSETS      
Cash and cash equivalents $ 111,339,859 $ 93,176,253  
Investments 114,348,626 139,437,178  
Accounts receivable 13,992,464 17,223,362  
Prepaid expenses 2,934,506 2,857,468  
Income taxes receivable 0 3,849,099  
Property and equipment, net of depreciation 5,866,569 5,733,737  
Deferred taxes 11,181,715 10,386,853  
Total assets 259,663,739 272,663,950  
Liabilities      
Accounts payable and accrued expenses 8,239,646 8,671,731  
Accrued incentive compensation 12,953,820 26,615,510  
Income taxes payable 2,054,572   $ 0
Deferred compensation 26,692,713 30,342,204  
Total liabilities 49,940,751 65,629,445  
Redeemable noncontrolling interest 9,571,722 14,178,824  
Permanent Shareholders’ equity      
Common stock, no par value: 7,000,000 shares authorized; 3,212,924 issued and outstanding at June 30, 2020 (inclusive of 190,484 unvested shares); 3,294,672 issued and outstanding at December 31, 2019 (inclusive of 227,844 unvested shares) 86,189,846 95,853,477  
Preferred stock, undesignated, 1,000,000 shares authorized and unissued 0 0  
Deferred equity compensation (17,103,472) (20,331,890)  
Retained earnings 131,064,892 117,334,094  
Total permanent shareholders’ equity 200,151,266 192,855,681 $ 217,694,738
Total liabilities and shareholders’ equity $ 259,663,739 $ 272,663,950  
Book value per share (usd per share) $ 62.30 $ 58.54