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Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2023

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest

The following table presents the activities in redeemable noncontrolling interests in the Company's investment management business through its redemption in May 2022 as discussed below, and in open-end funds in the liquid securities strategy consolidated by the Company.

						Six Months Ended June 30,
(In thousands)						2023						2022
Redeemable noncontrolling interests
Balance at January 1						$	100,574					$	359,223
Contributions						300						10,150
Distributions paid and payable, including redemptions by limited partners in consolidated funds						(73,456)						(19,078)
Net income (loss)						4,502						(25,547)
Adjustment of Wafra's interest to redemption value and warrants held by Wafra to fair value						—						725,026
Redemption of Wafra's interest						—						(862,276)
Reclassification of warrants held by Wafra to liability in May 2022 (Note 7)						—						(81,400)
Reclassification of Wafra's carried interest allocation to noncontrolling interests in investment entities in May 2022						—						(4,087)
Balance at June 30						$	31,920					$	102,011

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- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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