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Marketable Securities
 12 Months Ended
Dec. 31, 2015
Marketable Securities [Abstract]  
Marketable Securities
Marketable Securities
Investments Available For Sale
Investments available for sale classified as non-current assets consist of:
 
 
At December 31, 2015
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
SEI-sponsored mutual funds
 
$
8,474

 
$
—

 
$
(742
)
 
$
7,732

Equities and other mutual funds
 
2,857

 
68

 
—

 
2,925

Debt securities
 
70,308

 
329

 
—

 
70,637

 
 
$
81,639

 
$
397

 
$
(742
)
 
$
81,294


 
 
At December 31, 2014
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
SEI-sponsored mutual funds
 
$
8,685

 
$
134

 
$
(95
)
 
$
8,724

Equities and other mutual funds
 
2,695

 
169

 
—

 
2,864

Debt securities
 
64,333

 
1,688

 
—

 
66,021

 
 
$
75,713

 
$
1,991

 
$
(95
)
 
$
77,609


Net unrealized holding losses at December 31, 2015 were $302 (net of income tax benefit of $43) and net unrealized holding gains as December 31, 2014 were $1,193 (net of income tax expense of $703). These net unrealized gains and losses are reported as a separate component of Accumulated other comprehensive loss on the accompanying Consolidated Balance Sheets.
There were gross realized gains of $489 and gross realized losses of $729 from available-for-sale securities during 2015. In 2014, there were gross realized gains of $1,401 and gross realized losses of $448 from available-for-sale securities. There were gross realized gains of $1,236 and gross realized losses of $772 from available-for-sale securities during 2013. Gains and losses from available-for-sale securities, including amounts reclassified from accumulated comprehensive income (loss), are reflected in Net (loss) gain from investments on the accompanying Consolidated Statements of Operations.
Investments in Affiliated Funds
The Company has an investment related to the startup of investment funds sponsored by LSV. The Company records this investment on the accompanying Consolidated Balance Sheets at fair value. Unrealized gains and losses from the change in fair value of these funds are recognized in Net (loss) gain from investments on the accompanying Consolidated Statements of Operations.
The investment primarily consists of U.S. dollar denominated funds that invests in equity securities of Canadian, Australian and Japanese companies. The underlying securities held by the funds are translated into U.S. dollars within the funds. The funds had a fair value of $4,039 and $4,523 at December 31, 2015 and 2014, respectively. The Company recognized losses of $389 and $326 and gains of $143 from the change in fair value of the funds during 2015, 2014 and 2013, respectively.
Securities Owned
The Company’s broker-dealer subsidiary, SIDCO, has investments in U.S. government agency and commercial paper securities with maturity dates less than one year. These investments are reflected as Securities owned on the accompanying Consolidated Balance Sheets. Due to specialized accounting practices applicable to investments by broker-dealers, the securities are reported at fair value and changes in fair value are recorded in current period earnings. The securities had a fair value of $21,235 and $21,175 at December 31, 2015 and 2014, respectively. There were no material net gains or losses from the change in fair value of the securities during 2015, 2014 and 2013.