XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.2

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

The following table summarizes the values of our investments measured at fair value on a recurring basis within the fair value hierarchy as of the dates indicated (in thousands):

			Level 1						Level 2						Level 3						Investments Measured at NAV (1)						Total
As of June 30, 2024:
Investments in trading securities			$	20,364					$	—					$	—					$	—					$	20,364
Private investment funds			—						—						—						1,825						1,825
Total assets measured at fair value			$	20,364					$	—					$	—					$	1,825					$	22,189
Salient Acquisition contingent consideration			—						—						10,176						—						10,176
Total liabilities measured at fair value			$	—					$	—					$	10,176					$	—					$	10,176
As of December 31, 2023:
Investments in trading securities			$	32,674					$	—					$	—					$	—					$	32,674
Private investment fund			—						—						—						241						241
Total assets measured at fair value			$	32,674					$	—					$	—					$	241					$	32,915
Salient Acquisition contingent consideration			—						—						10,133						—						10,133
Total liabilities measured at fair value			$	—					$	—					$	10,133					$	—					$	10,133
(1) Comprised of certain investments measured at fair value using NAV as a practical expedient. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on our Condensed Consolidated Balance Sheets.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

									Fair Value using Significant Unobservable Inputs (Level 3)
									Three Months Ended June 30, 2023												Six Months Ended June 30, 2023
Beginning balance									$	2,792											$	2,792
Exchange of shares									(2,792)												(2,792)
Ending balance									$	—											$	—

The following table summarizes the changes in Level 3 liabilities measured at fair value on a recurring basis for the periods presented (in thousands):

			Fair Value using Significant Unobservable Inputs (Level 3)
			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Beginning balance			$	7,184					$	11,841					$	10,133					$	12,901
Payments			(1,815)						—						$	(1,815)					—
Total (gains) losses included in earnings			4,807						(4,078)						1,858						(5,138)
Ending balance			$	10,176					$	7,763					$	10,176					$	7,763

X

- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration