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Marketable Securities
 6 Months Ended
Jun. 30, 2019
Marketable Securities [Abstract]  
Marketable Securities Marketable Securities
Investments Available for Sale
Investments available for sale classified as non-current assets consist of: 
 
At June 30, 2019
 
Cost
Amount
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
SEI-sponsored mutual funds
$
7,464

 
$
108

 
$
(341
)
 
$
7,231

Equities and other mutual funds
3,477

 
634

 
—

 
4,111

Debt securities
94,905

 
424

 
—

 
95,329

 
$
105,846

 
$
1,166

 
$
(341
)
 
$
106,671

 
At December 31, 2018
 
Cost
Amount
 
Gross
Unrealized
Gains
 
Gross
Unrealized
(Losses)
 
Fair
Value
SEI-sponsored mutual funds
$
7,446

 
$
—

 
$
(788
)
 
$
6,658

Equities and other mutual funds
3,434

 
126

 
—

 
3,560

Debt securities
103,518

 
—

 
(1,835
)
 
101,683

 
$
114,398

 
$
126

 
$
(2,623
)
 
$
111,901


Net unrealized gains at June 30, 2019 of the Company's available-for-sale debt securities were $327 (net of income tax expense of $97). Net unrealized losses at December 31, 2018 of the Company's available-for-sale debt securities were $1,413 (net of income tax benefit of $422). 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 $1,004 and gross realized losses of $1,310 during the six months ended June 30, 2018. Gross realized gains and losses from available-for-sale securities during the six months ended June 30, 2019 were immaterial. Gains and losses from available-for-sale securities, including amounts reclassified from accumulated comprehensive loss, are reflected in Net gain (loss) from investments on the accompanying Consolidated Statements of Operations.
Investments in Affiliated Funds
The Company has an investment in 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 gain (loss) from investments on the accompanying Consolidated Statements of Operations.
The investment primarily consists of U.S. dollar denominated funds that invest primarily in securities of Canadian, Australian and Japanese companies as well as various other global securities. The underlying securities held by the funds are translated into U.S. dollars within the funds. The funds had a fair value of $5,434 and $4,887 at June 30, 2019 and December 31, 2018, respectively. The Company recognized gains of $95 and $205 during the three months ended June 30, 2019 and 2018, respectively, from the change in fair value of the funds. The Company recognized gains of $547 and losses of $295 during the six months ended June 30, 2019 and 2018, respectively, from the change in fair value of the funds.
Securities Owned
The Company’s broker-dealer subsidiary, SIDCO, has investments in U.S. government agency 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 $32,289 and $30,892 at June 30, 2019 and December 31, 2018, respectively. There were no material net gains or losses related to the securities during the three and six months ended June 30, 2019 and 2018.