CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents [1] $ 142,027 $ 33,325
Short-term investments in U.S. Treasury Bills 0 64,988
Investments in equity securities, at fair value 32,344 25,845
Investment advisory fees receivable 30,977 28,796
Deferred tax asset and income tax receivable 6,707 9,462
Finance lease 4,055 2,452
Receivable from brokers 3,930 5,833
Receivable from affiliates 3,440 4,882
Goodwill and identifiable intangible assets 3,176 3,176
Other assets 5,016 6,643
Total assets 231,672 185,402
LIABILITIES AND STOCKHOLDERS' EQUITY    
Compensation payable 21,049 21,543
Payable for investments purchased 14,990 1
Lease liability obligations 6,799 5,208
Payable to affiliates 5,198 3,843
Income taxes payable 315 3,910
Securities Sold, not yet purchased 0 799
Accrued expenses and other liabilities 38,451 38,972
Sub-total 86,802 74,276
5.875% Senior Notes (net of issuance costs of $10) (due June 1, 2021) (Note 7) 0 24,215
Subordinated Notes (net of issuance costs of $75) (due June 15, 2023) (Note 7) 50,990 0
Total liabilities 137,792 98,491
Commitments and contingencies (Note 10)
Stockholders' Equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 28,753 21,219
Retained earnings 410,333 394,386
Accumulated other comprehensive loss (177) (165)
Treasury stock, at cost (8,843,454 and 8,142,732 shares, respectively) (345,062) (328,562)
Total stockholders' equity 93,880 86,911
Total liabilities and stockholders' equity 231,672 185,402
U.S. Treasuries [Member]    
ASSETS    
Short-term investments in U.S. Treasury Bills 0 64,988
Class A [Member]    
Stockholders' Equity    
Common stock 14 14
Class B [Member]    
Stockholders' Equity    
Common stock $ 19 $ 19
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $123.0 million and 15.0 million at December 31, 2021 and 2020 respectively.