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Basis of Presentation and Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Schedule of Assets and Liabilities of Consolidated Variable Interest Entities
The following table presents the assets and liabilities of the Company's consolidated variable interest entities as of September 30, 2024 and December 31, 2023:

September 30,December 31,
20242023
ASSETSin thousands
Cash and cash equivalents$412 $83 
Restricted cash and cash equivalents1,900 961 
Accounts receivable— 190 
Notes receivable62,773 30,125 
Other assets2,218 2,900 
TOTAL ASSETS$67,303 $34,259 
LIABILITIES
Accounts payable, accrued expenses and other current liabilities$2,086 $1,881 
Long-term debt, net46,118 25,782 
TOTAL LIABILITIES$48,204 $27,663 
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of September 30, 2024 and 2023:
September 30,
20242023
in thousands
Cash and cash equivalents$147,120 $90,710 
Restricted cash and cash equivalents176,309 594,865 
Total cash and cash equivalents and restricted cash and cash equivalents
$323,429 $685,575 
Schedule of Restricted Cash and Cash Equivalents The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of September 30, 2024 and 2023:
September 30,
20242023
in thousands
Cash and cash equivalents$147,120 $90,710 
Restricted cash and cash equivalents176,309 594,865 
Total cash and cash equivalents and restricted cash and cash equivalents
$323,429 $685,575 
Schedule of Supplemental Cash Flow Information
The table below presents information regarding the Company's non-cash investing and financing activities, as well as the cash paid for interest and taxes for the nine months ended September 30, 2024 and 2023:

Nine months ended
September 30,
20242023
NON-CASH INVESTING ACTIVITIES:in thousands
Issuance of notes receivable (1)
$5,290 $6,067 
Collection of notes receivable (1)
$7,264 $4,547 
Capital expenditures$248 $237 
Acquisitions$— $1,742 
Termination of MHH Joint Venture (Refer to Note 9)
$— $2,929 
NON-CASH FINANCING ACTIVITIES:
Warrant Exchange (Refer to Note 17)
$2,006 $— 
Exchange of THG units for Class A Common Stock (Refer to Note 16)
$3,227 $2,311 
CASH PAID FOR:
Interest$5,559 $4,236 
Income taxes$17,500 $7,000 
(1)    In certain situations, BAC makes loans to refinance accounts receivable balances generated by Broad Arrow Group, Inc. ("Broad Arrow") auction or private sale purchases. These loans are accounted for on the Condensed Consolidated Balance Sheets as non-cash reclassifications between "Accounts receivable" and "Notes receivable" and are not presented within Investing Activities in the Company's Condensed Consolidated Statements of Cash Flows. Upon repayment, the cash received in settlement of such loans is classified within Operating Activities in the Company's Condensed Consolidated Statements of Cash Flows.
Schedule of Restricted Assets
The following table presents the components of the Company's restricted assets as of September 30, 2024 and December 31, 2023:

Balance Sheet ClassificationSeptember 30,December 31,
20242023
in thousands
Cash and cash equivalents Restricted cash and cash equivalents$176,309 $615,950 
Fixed maturity securitiesInvestments522,212 16,472 
Equity securitiesInvestments11,580 — 
Total restricted assets$710,101 $632,422