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Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Liabilities and Assets

The following tables provide details regarding the classification of these assets and liabilities within the fair value hierarchy as of the dates presented:

Financial Instruments of the Company

			As of June 30, 2024
			Level I						Level II						Level III						Total
Liabilities
Contingent consideration obligation			$	—					$	—					$	56,312					$	56,312
Total liabilities			$	—					$	—					$	56,312					$	56,312

			As of March 31, 2024
			Level I						Level II						Level III						Total
Liabilities
Contingent consideration obligation			$	—					$	—					$	53,449					$	53,449
Total liabilities			$	—					$	—					$	53,449					$	53,449

			As of June 30, 2024
			Level I						Level II						Level III						Total
Assets
Equity securities			$	—					$	—					$	10,697					$	10,697
Partnership and LLC interests			—						—						5,769						5,769
Total assets			$	—					$	—					$	16,466					$	16,466

			As of March 31, 2024
			Level I						Level II						Level III						Total
Assets
Equity securities			$	—					$	—					$	12,421					$	12,421
Partnership and LLC interests			—						—						1,273						1,273
Total assets			$	—					$	—					$	13,694					$	13,694

Schedule of Changes in the Fair Value of Level III Financial Instruments

A reconciliation from the beginning balance to the closing balance of Level III financial instruments of the Company are set forth below:

			Three Months Ended June 30,
			2024						2023
Contingent consideration obligations
Balance, beginning of period:			$	53,449					$	36,745
Additions			—						—
Change in fair value			2,863						(1,267)
Settlements			—						(146)
Balance, end of period:			$	56,312					$	35,332
Changes in unrealized (gains) losses included in earnings related to financial instruments still held at the reporting date			$	2,863					$	(1,267)

A reconciliation from the beginning balance to the closing balance of Level III financial instruments of Consolidated Funds are set forth below:

			Three Months Ended June 30,
			2024						2023
Balance, beginning of period:			$	13,694					$	6,901
Transfers into Level III			—						—
Transfers out of Level III			(3,553)						(5,067)
Purchases			6,325						—
Change in fair value			—						—
Balance, end of period:			$	16,466					$	1,834
Changes in unrealized gains (losses) included in earnings related to financial instruments still held at the reporting date			$	—					$	—

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- References

No definition available.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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