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Investment Securities (Tables)
3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
As of March 31, 2022As of December 31, 2021
Investments in equity securities$95,557 $37,179 
Investments in equity securities accounted for under the equity method10,118 10,699 
Total investment securities$105,675 $47,878 
Unrealized Gain (Loss) on Investments
For the Three Months Ended March 31,
20222021
Unrealized gain (loss) on investment securities held at the end of the period$(3,928)$19 
Other net investment gain (loss) is presented within the non-operating income (expense) section of the Consolidated Statements of Operations. The components of other net investment gain (loss) are as follows:
Gain (Loss) on Investments
Other net investment gain (loss) is presented within the non-operating income (expense) section of the Consolidated Statements of Operations. The components of other net investment gain (loss) are as follows:
For the Three Months Ended March 31,
20222021
Net investment gain (loss) on seed investments$(1,638)$477 
Net investment gain (loss) on franchise capital investments$(2,961)$(105)
Other$(153)$(176)
Other net investment gain (loss)$(4,752)$196