XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract] |
Investment Balances | All other investments are carried at fair value on a recurring basis and are accounted for as trading securities. Investments carried at fair value are presented in the table below (in thousands):
|  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2023: |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 22,522 |  |  | $ | 14 |  |  | $ | (75) |  |  | $ | 22,461 |
Money market funds |  | 5,367 |  |  | 111 |  |  | — |  |  | 5,478 |
Equity funds |  | 4,295 |  |  | 195 |  |  | (260) |  |  | 4,230 |
Equities |  | 381 |  |  | — |  |  | (24) |  |  | 357 |
Exchange-traded bond funds |  | 152 |  |  | — |  |  | (4) |  |  | 148 |
Total trading securities |  | $ | 32,717 |  |  | $ | 320 |  |  | $ | (363) |  |  | $ | 32,674 |
Private investment fund |  | 265 |  |  | 7 |  |  | (31) |  |  | 241 |
Total investments carried at fair value |  | $ | 32,982 |  |  | $ | 327 |  |  | $ | (394) |  |  | $ | 32,915 |
December 31, 2022: |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 5,728 |  |  | $ | — |  |  | $ | (389) |  |  | $ | 5,339 |
Money market funds |  | 4,093 |  |  | 111 |  |  | — |  |  | 4,204 |
Equity funds |  | 4,863 |  |  | 32 |  |  | (446) |  |  | 4,449 |
Equities |  | 1,278 |  |  | — |  |  | (65) |  |  | 1,213 |
Exchange-traded bond funds |  | 159 |  |  | — |  |  | (22) |  |  | 137 |
Total trading securities |  | $ | 16,121 |  |  | $ | 143 |  |  | $ | (922) |  |  | $ | 15,342 |
Private investment fund |  | 265 |  |  | — |  |  | (30) |  |  | 235 |
Private equity |  | 3,475 |  |  | — |  |  | (683) |  |  | 2,792 |
Total investments carried at fair value |  | $ | 19,861 |  |  | $ | 143 |  |  | $ | (1,635) |  |  | $ | 18,369 |
Other Revenue | The following amounts represent income from all investments, except for income tax amounts, are included in our Consolidated Statements of Comprehensive Income (Loss) under the headings “Other revenues, net," "Net change in unrealized appreciation (depreciation) on private investments," or "Investment Income" (in thousands):
|  | For the Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Realized gains |  | $ | 73 |  |  | $ | 1 |  |  | $ | 41 |
Realized losses |  | (190) |  |  | (363) |  |  | (212) |
Net realized gains (losses) |  | $ | (117) |  |  | $ | (362) |  |  | $ | (171) |
Income tax expense from gains (losses) |  | $ | (25) |  |  | $ | (76) |  |  | $ | (36) |
Interest income – trading |  | $ | 640 |  |  | $ | 414 |  |  | $ | 716 |
Dividend income |  | $ | 61 |  |  | $ | 90 |  |  | $ | 35 |
Unrealized gains/(losses) |  | $ | 1,425 |  |  | $ | (2,131) |  |  | $ | 923 |

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration