Investment Securities (Tables)

6 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]


	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)