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Investment Securities and Certificates of Deposit | 6 Months Ended
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Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Investment Securities and Certificates of Deposit | Investment Securities and Certificates of Deposit The Company's Investment Securities and Certificates of Deposit as of June 30, 2022 and December 31, 2021 were as follows:
| June 30, 2022 |  | December 31, 2021
| Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Debt Securities | $ | 462,544 |  |  | $ | 346 |  |  | $ | — |  |  | $ | 462,890 |  |  | $ | 706,826 |  |  | $ | 37 |  |  | $ | 16 |  |  | $ | 706,847 |
Equity Securities | 558 |  |  | — |  |  | 147 |  |  | 411 |  |  | 666 |  |  | 193 |  |  | — |  |  | 859 |
Debt Securities Carried by EGL | 389,290 |  |  | 570 |  |  | — |  |  | 389,860 |  |  | 784,813 |  |  | 43 |  |  | 14 |  |  | 784,842 |
Investment Funds | 143,276 |  |  | 358 |  |  | 9,658 |  |  | 133,976 |  |  | 111,682 |  |  | 39,191 |  |  | — |  |  | 150,873 |
Total Investment Securities (carried at fair value) | $ | 995,668 |  |  | $ | 1,274 |  |  | $ | 9,805 |  |  | $ | 987,137 |  |  | $ | 1,603,987 |  |  | $ | 39,464 |  |  | $ | 30 |  |  | $ | 1,643,421 |
Certificates of Deposit (carried at contract value) |  | 148,563 |  |  |  |  |  |  |  |  | 141,218 |
Total Investment Securities and Certificates of Deposit |  | $ | 1,135,700 |  |  |  |  |  |  |  |  | $ | 1,784,639 |
Scheduled maturities of the Company's available-for-sale debt securities as of June 30, 2022 and December 31, 2021 were as follows:
| June 30, 2022 |  | December 31, 2021
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due within one year | $ | 462,544 |  |  | $ | 462,890 |  |  | $ | 706,826 |  |  | $ | 706,847 |
Total | $ | 462,544 |  |  | $ | 462,890 |  |  | $ | 706,826 |  |  | $ | 706,847 |
The Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity. Further, the securities are all U.S. Treasuries, and the Company has not incurred credit losses on its securities. As such, the Company does not consider these securities to be impaired at June 30, 2022 and has not recorded a credit allowance on these securities. Debt Securities Debt Securities are classified as available-for-sale securities within Investment Securities and Certificates of Deposit on the Unaudited Condensed Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had net realized losses of ($34) for the six months ended June 30, 2022 and ($11) for the six months ended June 30, 2021. Equity Securities Equity Securities are carried at fair value with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of ($459) and ($448) for the three and six months ended June 30, 2022, respectively, and ($267) and $1,860 for the three and six months ended June 30, 2021, respectively. Debt Securities Carried by EGL EGL invests in a fixed income portfolio consisting primarily of U.S. Treasury bills. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of $507 and $528 for the three and six months ended June 30, 2022, respectively, and ($4) and ($9) for the three and six months ended June 30, 2021, respectively. Investment Funds The Company invests in a portfolio of exchange-traded funds as an economic hedge against its deferred cash compensation program. See Note 14 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of ($26,353) and ($31,516) for the three and six months ended June 30, 2022, respectively, and $9,774 and $16,002 for the three and six months ended June 30, 2021, respectively. Certificates of Deposit At June 30, 2022 and December 31, 2021, the Company held certificates of deposit of $148,563 and $141,218, respectively, with certain banks with original maturities of four months or less when purchased.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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