XML 86 R70.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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
May 28, 2026
Oaktree Warrants          
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]          
Warrants, remeasured to fair value         $ 15,810
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 $ 4,593 $ 0 $ 4,538  
Fair value adjustments 0 63 0 166  
Relating to undistributed earnings 0   0    
Purchases/originations 0 0 0 0  
Sales   0   0  
Settlements/repayments 0 (48) 0 (96)  
Balance at end of period 0 4,608 0 4,608  
Change in unrealized gains (losses) 0 (63) 0 (166)  
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 11,080 5,160 6,400 0  
Fair value adjustments 4,730 (1,000) 9,410 (3,700)  
Relating to undistributed earnings 0   0    
Purchases/originations 0 0 0 7,860  
Sales   0   0  
Settlements/repayments (15,810) 0 (15,810) 0  
Balance at end of period 0 4,160 0 4,160  
Change in unrealized gains (losses) 0 1,000 0 3,700  
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 14,593 0 0  
Fair value adjustments 797 (11,468) 797 (8,119)  
Relating to undistributed earnings 0   0    
Purchases/originations 0 0 0 11,244  
Sales   0   0  
Settlements/repayments 0 (3,125) 0 (3,125)  
Balance at end of period 797 0 797 0  
Change in unrealized gains (losses) (797) 11,468 (797) 8,119  
Equity securities | Level 3          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance at beginning of period 30,455 27,530 71,223 40,516  
Fair value adjustments 8,018 197 5,969 (3,648)  
Relating to undistributed earnings 0   0    
Purchases/originations 225,749 24,998 375,751 25,867  
Sales   0   (10,000)  
Settlements/repayments (155,174) (24,999) (343,895) (25,009)  
Balance at end of period 109,048 27,726 109,048 27,726  
Change in unrealized gains (losses) 8,552 197 6,552 (3,648)  
Equity securities | Level 3 | Income Statement Location [Axis]: us-gaap:GainLossOnInvestments          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Fair value adjustments 3,072 289 1,948 (2,474)  
Equity securities | Level 3 | Income Statement Location [Axis]: us-gaap:Revenues          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Fair value adjustments 4,946 (92) 4,021 (1,174)  
Partnership interests and other investments          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Fair value adjustments   1,029   1,029  
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 52,650 0 40,082 0  
Fair value adjustments 0   0    
Relating to undistributed earnings 30,376   42,944    
Purchases/originations 0 0 0 0  
Sales   0   0  
Settlements/repayments 0 0 0 0  
Balance at end of period 83,026 1,029 83,026 1,029  
Change in unrealized gains (losses) 0 1,029 0 1,029  
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 24,927 98,596 26,303 90,103  
Fair value adjustments 4,245 799 10,790 (7,296)  
Relating to undistributed earnings 233   717    
Purchases/originations 24,097 624 44,197 58,632  
Sales   (3,575)   (10,415)  
Settlements/repayments (14,700) (47,464) (43,205) (82,044)  
Balance at end of period 38,802 48,980 38,802 48,980  
Change in unrealized gains (losses) $ 2,315 799 $ 2,170 (8,834)  
Other Assets | Level 3 | Income Statement Location [Axis]: us-gaap:GainLossOnInvestments          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Fair value adjustments   127   127  
Other Assets | Level 3 | Income Statement Location [Axis]: us-gaap:Revenues          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Fair value adjustments   $ 902   $ 902