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Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
ASSETS      
Cash and cash equivalents $ 87,761,054 $ 98,478,202  
Investments 160,603,484 128,401,136  
Accounts receivable 22,695,729 17,805,864  
Prepaid expenses 2,841,026 2,977,759  
Income taxes receivable 0 256,538  
Property and equipment, net of accumulated depreciation 6,595,301 6,740,396  
Deferred taxes 7,071,667 8,437,446  
Total assets 287,568,261 263,097,341  
Liabilities      
Accounts payable and accrued expenses 10,158,068 8,002,303  
Accrued incentive compensation 18,199,037 28,400,000  
Income taxes payable 204,425   $ 0
Deferred compensation 34,880,340 33,241,952  
Total liabilities 63,441,870 69,644,255  
Redeemable noncontrolling interest 14,219,856 9,372,333  
Permanent Shareholders’ equity      
Common stock, no par value: 7,000,000 shares authorized; 3,208,022 issued and outstanding at June 30, 2021 (inclusive of 216,068 unvested shares); 3,168,823 issued and outstanding at December 31, 2020 (inclusive of 183,718 unvested shares) 86,888,594 80,810,946  
Preferred stock, undesignated, 1,000,000 shares authorized and unissued 0 0  
Deferred equity compensation (19,229,825) (14,748,118)  
Retained earnings 142,247,766 118,017,925  
Total permanent shareholders’ equity 209,906,535 184,080,753 $ 200,151,266
Total liabilities and shareholders’ equity $ 287,568,261 $ 263,097,341  
Book value per share (usd per share) $ 65.43 $ 58.09