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Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Marketable Securities |
| As of June 30, 2023 |  | As of December 31, 2022
Investments in equity securities | $ | 113,197 |  |  | $ | 76,156 |
Investments in equity securities accounted for under the equity method | 11,219 |  |  | 9,259 |
Total investment securities | $ | 124,416 |  |  | $ | 85,415 |
Unrealized Gain (Loss) on Investments | Unrealized gain (loss) related to investment securities held at the end of the periods indicated below were as follows:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Unrealized gain (loss) on investment securities held at the end of the period | $ | 3,299 |  |  | $ | (13,542) |  |  | $ | 10,359 |  |  | $ | (17,470) |
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 June 30, |  | For the Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net investment gain (loss) on nonconsolidated seed investments | $ | (500) |  |  | $ | (1,298) |  |  | $ | 1,210 |  |  | $ | (2,936) |
Net investment gain (loss) on franchise capital investments | 3,563 |  |  | (12,244) |  |  | 10,581 |  |  | (15,205) |
Interest income on cash and cash equivalents and other | 1,161 |  |  | 128 |  |  | 1,690 |  |  | (25) |
Other net investment gain (loss) | $ | 4,224 |  |  | $ | (13,414) |  |  | $ | 13,481 |  |  | $ | (18,166) |

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