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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 809,415 $ 482,834
Receivables from brokers, dealers and clearing organizations 53,612 174,491
Financial instruments and other inventory positions owned 502,270 425,728
Investments (including noncontrolling interests of $216,838 and $187,624, respectively) 322,518 281,962
Fixed assets (net of accumulated depreciation and amortization of $89,312 and $106,944, respectively) 77,329 59,400
Right-of-use lease assets 64,004 66,618
Goodwill 319,258 312,024
Intangible assets (net of accumulated amortization of $170,774 and $160,775, respectively) 99,598 107,504
Net deferred income tax assets 156,124 161,583
Other assets 188,518 183,792
Total assets 2,592,646 2,255,936
Liabilities and Shareholders' Equity    
Short-term financing 15,000 10,000
Payables to brokers, dealers and clearing organizations 22,358 5,862
Financial instruments and other inventory positions sold, but not yet purchased 48,514 76,982
Accrued compensation 702,847 563,088
Accrued lease liabilities 101,351 88,819
Other liabilities and accrued expenses 119,783 95,412
Total liabilities 1,009,853 840,163
Shareholders’ equity:    
Common stock, $0.01 par value: Shares authorized: 100,000,000; Shares issued: 19,562,729 and 19,557,804, respectively; Shares outstanding: 16,870,858 and 16,111,723, respectively 195 195
Additional paid-in capital 957,729 981,724
Retained earnings 728,931 561,746
Less: Common stock held in treasury, at cost: 2,691,871 shares and 3,446,081 shares, respectively (318,581) (314,656)
Accumulated other comprehensive income/(loss) 2,733 (1,179)
Total common shareholders' equity 1,371,007 1,227,830
Noncontrolling interests 211,786 187,943
Total shareholders' equity 1,582,793 1,415,773
Total liabilities and shareholders' equity 2,592,646 2,255,936
Asset Not Pledged as Collateral    
Assets    
Financial instruments and other inventory positions owned 435,204 351,178
Asset Pledged as Collateral    
Assets    
Financial instruments and other inventory positions owned $ 67,066 $ 74,550