XML 86 R71.htm IDEA: XBRL DOCUMENT v3.26.1
FAIR VALUE MEASUREMENTS - Schedule of fair value measurement of level 3 financial assets and liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Level 3 | Contingent Consideration    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Balance at beginning of period $ 0 $ 4,538
Fair value adjustments 0 103
Relating to undistributed earnings 0 0
Purchases/originations 0 0
Sales 0 0
Settlements/repayments 0 (48)
Transfers in and/or out of Level 3 0 0
Balance at end of period 0 4,593
Change in unrealized gains (losses) 0 (103)
Level 3 | Liability-Classified Warrants    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Balance at beginning of period 6,400 0
Fair value adjustments 4,680 (2,700)
Relating to undistributed earnings 0 0
Purchases/originations 0 7,860
Sales 0 0
Settlements/repayments 0 0
Transfers in and/or out of Level 3 0 0
Balance at end of period 11,080 5,160
Change in unrealized gains (losses) (4,680) 2,700
Level 3 | Embedded Derivatives    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Balance at beginning of period 0 0
Fair value adjustments 0 3,349
Relating to undistributed earnings 0 0
Purchases/originations 0 11,244
Sales 0 0
Settlements/repayments 0 0
Transfers in and/or out of Level 3 0 0
Balance at end of period 0 14,593
Change in unrealized gains (losses) 0 (3,349)
Equity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value adjustments   (3,844)
Equity securities | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 71,223 40,516
Fair value adjustments (2,049)  
Relating to undistributed earnings 0 0
Purchases/originations 150,002 869
Sales 0 (10,000)
Settlements/repayments (188,721) (11)
Transfers in and/or out of Level 3 0 0
Balance at end of period 30,455 27,530
Change in unrealized gains (losses) 924 (3,844)
Equity securities | Level 3 | Realized and unrealized gains (losses) on investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value adjustments (1,124) (2,762)
Equity securities | Level 3 | Trading income (loss) and fair value adjustments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value adjustments (925) (1,082)
Partnership interests and other investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value adjustments   0
Partnership interests and other investments | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 40,082 0
Fair value adjustments 0  
Relating to undistributed earnings 12,568 0
Purchases/originations 0 0
Sales 0 0
Settlements/repayments 0 0
Transfers in and/or out of Level 3 0 0
Balance at end of period 52,650 0
Change in unrealized gains (losses) 0 0
Loans receivable at fair value    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value adjustments   (8,096)
Loans receivable at fair value | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 26,303 90,103
Fair value adjustments 6,545  
Relating to undistributed earnings 484 0
Purchases/originations 20,100 58,008
Sales 0 (6,840)
Settlements/repayments (28,505) (34,579)
Transfers in and/or out of Level 3 0 0
Balance at end of period 24,927 98,596
Change in unrealized gains (losses) $ (145) $ (9,738)