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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 102,546 $ 50,684 $ 49,797
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on revaluation of deferred consideration—gold payments [1] (61,953) (27,765) (2,018)
Advisory fees received in gold and other precious metals (49,400) (57,290) (74,970)
Stock-based compensation 16,190 10,385 9,998
Loss on extinguishment of debt 9,721
Impairments 7,942 16,156
Contractual gold payments 6,069 17,108 17,096
Amortization of issuance costs—convertible notes 1,817 2,592 2,187
Amortization of right of use asset 1,285 963 1,950
Depreciation and amortization 872 262 738
Losses on financial instruments owned, at fair value 517 16,516 3,715
Deferred income taxes (481) (1,296) 316
Imputed interest on payable to GBH 297
Losses on investments 242
Gain on sale—Canadian ETF business, including remeasurement of contingent consideration (787)
Other (1,984) (272)
Changes in operating assets and liabilities:      
Accounts receivable (6,212) (720) (3,506)
Prepaid expenses (518) (808) (139)
Gold and other precious metals 42,150 41,847 57,417
Other assets 281 (309) (394)
Fund management and administration payable 5,837 3,723 1,348
Compensation and benefits payable 1,209 4,485 10,242
Income taxes payable 2,260 (2,308) 3,101
Operating lease liabilities (1,284) (965) (15,560)
Accounts payable and other liabilities 6,213 (33) (1,097)
Net cash provided by operating activities 85,600 55,087 75,318
Cash flows from investing activities:      
Purchase of financial instruments owned, at fair value (57,364) (67,734) (115,526)
Purchase of investments (11,228) (21,863) (5,750)
Cash paid—software development (2,149)    
Cash paid—acquisition of Securrency Transfers, Inc. (net of cash acquired) (985)  
Purchase of fixed assets (113) (220) (293)
Proceeds from the sale of financial instruments owned, at fair value 123,564 52,115 19,441
Proceeds from the exit from investment in Securrency, Inc. 28,818
Proceeds from receipt of contingent consideration related to the sale of Canadian ETF business 1,477 2,360
Proceeds from held-to-maturity securities maturing or called prior to maturity 29 45 136
Net cash provided by/(used in) investing activities 82,049 (37,657) (99,632)
Cash flows from financing activities:      
Repurchase and maturity of convertible notes (184,272)
Termination of deferred consideration—gold payments (50,005)
Repurchase of Series C Preferred Stock (40,000)
Dividends paid (20,144) (19,362) (19,459)
Shares repurchased (3,570) (3,418) (34,506)
Issuance costs—convertible notes (3,548) (4,297)
Issuance costs—Series C Preferred Stock (97)    
Proceeds from the issuance of convertible notes (Note 10) 130,000 150,000
Proceeds from exercise of stock options 815
Net cash (used in)/provided by financing activities (171,636) (22,780) 92,553
Increase/(decrease) in cash flow due to changes in foreign exchange rate 1,191 (3,258) (955)
Net (decrease)/increase in cash and cash equivalents (2,796) (8,608) 67,284
Cash and cash equivalents—beginning of year 132,101 140,709 73,425
Cash and cash equivalents—end of year 129,305 132,101 140,709
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 16,156 12,500 8,456
Cash paid for interest $ 10,709 $ 12,313 $ 9,898
[1] Gains on revaluation/termination of deferred consideration—gold payments result from a decrease in spot gold prices, a decrease in the forward-looking price of gold, a decrease in the perpetual growth rate and an increase in the discount rate used to compute the present value of the annual payment obligations.