XML 33 R11.htm IDEA: XBRL DOCUMENT v3.25.0.1
Cash, Cash Equivalents and Restricted Cash
12 Months Ended
Dec. 31, 2024
Cash, Cash Equivalents and Restricted Cash [Abstract]  
Cash, Cash Equivalents and Restricted Cash

3. Cash, Cash Equivalents and Restricted Cash

Of the total cash, cash equivalents and restricted cash of $181,191 and $129,305 at December 31, 2024 and 2023, respectively, $155,871 and $116,895 were held at three financial institutions. At December 31, 2024 and 2023, cash equivalents were approximately $48,336 and $50,226, respectively.

Certain of the Company’s subsidiaries are required to maintain a minimum level of regulatory capital, generally satisfied by cash on hand, which was $39,423 and $29,156 at December 31, 2024 and 2023, respectively. Of these amounts, $13,403 and $2,130, at December 31, 2024 and 2023, respectively, was restricted cash, which is required to be maintained in a separate account with withdrawal and usage restrictions in compliance with regulatory obligations.