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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

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- References

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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.

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