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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Certain Financial Assets and Liabilities
The fair value of certain financial assets and liabilities of the Company was determined using the following inputs:
 Fair Value Measurements at Reporting Date Using
 December 31, 2020Quoted Prices in
Active  Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Assets
Equity securities$12,142 $12,142 $— 
Available-for-sale debt securities93,277 — 93,277 
Fixed-income securities owned34,064 — 34,064 
Investment funds sponsored by LSV (1)6,166 
$145,649 $12,142 $127,341 
 Fair Value Measurements at Reporting Date Using
 December 31, 2019Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Assets
Equity securities$12,119 $12,119 $— 
Available-for-sale debt securities104,798 — 104,798 
Fixed-income securities owned33,486 — 33,486 
Investment funds sponsored by LSV (1)5,988 
$156,391 $12,119 $138,284 
(1) The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the accompanying Consolidated Balance Sheets (See Note 5).