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Note 8 - Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

										Significant				Significant
						Quoted Prices in				Observable				Unobservable
						Active Markets				Inputs				Inputs
Assets		Fair Value				(Level 1)				(Level 2)				(Level 3)
Investments-trading:
Certificates of deposit		$	216			$	-			$	216			$	-
Corporate bonds and redeemable preferred stock			48,197				-				48,197				-
Derivatives			1,438				-				1,438				-
Equity securities			930				930				-				-
Municipal bonds			17,169				-				17,169				-
Residential mortgage loans			1,542				-				1,542				-
RMBS			7				-				7				-
U.S. government agency debt securities			10,678				-				10,678				-
U.S. government agency MBS and CMOs			42,547				-				42,547				-
U.S. Treasury securities			255				255				-				-
Total investments - trading		$	122,979			$	1,185			$	121,794			$	-
Other investments, at fair value:
Equity securities		$	8,372			$	8,372			$	-			$	-
Equity derivatives			876				-				876				-
Restricted equity securities			10,893				8,574				2,319				-
Corporate bonds and redeemable preferred stock			519				-				519				-
Fair value receivables			8,821				-				8,821				-
Interests in SPVs			2,629				-				2,629				-
Residential mortgage loans			284				-				284				-
			32,394			$	16,946			$	15,448			$	-
Investments measured at NAV (1)			7,937
Total other investments, at fair value		$	40,331
Liabilities
Trading securities sold, not yet purchased:
Corporate bonds and redeemable preferred stock		$	22,673			$	-			$	22,673			$	-
Derivatives			438				-				438				-
Equity securities			67				67				-				-
U.S. government agency debt securities			1				-				1				-
U.S. government agency MBS and CMOs			95				-				95				-
U.S. Treasury securities			24,445				24,445				-				-
Total trading securities sold, not yet purchased		$	47,719			$	24,512			$	23,207			$	-
			
Other investments, sold not yet purchased:
Equity securities		$	580			$	130			$	450			$	-
Share forward liabilities			7,010				-				7,010				-
Total other investments sold, not yet purchased		$	7,590			$	130			$	7,460			$	-

										Significant				Significant
						Quoted Prices in				Observable				Unobservable
						Active Markets				Inputs				Inputs
Assets		Fair Value				(Level 1)				(Level 2)				(Level 3)
Investments-trading:
Corporate bonds and redeemable preferred stock		$	53,657			$	-			$	53,657			$	-
Derivatives			7,470				-				7,470				-
Equity securities			928				639				289				-
Municipal bonds			20,572				-				20,572				-
Residential mortgage loans			3,113				-				3,113				-
RMBS			9				-				9				-
U.S. government agency debt securities			6,567				-				6,567				-
U.S. government agency MBS and CMOs			88,000				-				88,000				-
U.S. Treasury securities			1,012				1,012				-				-
Total investments - trading		$	181,328			$	1,651			$	179,677			$	-
Other investments, at fair value:
Equity Securities		$	38,038			$	38,038			$	-			$	-
Equity derivatives			1,447				-				1,447				-
Restricted Equity Securities			2,054				-				2,054				-
Corporate bonds and redeemable preferred stock			506				-				506				-
Fair value receivables			9,541				-				9,541				-
Interests in SPVs			12,609				-				12,609				-
Residential mortgage loans			132				-				132				-
			64,327			$	38,038			$	26,289			$	-
Investments measured at NAV (1)			7,890
Total other investments, at fair value		$	72,217
Liabilities
Trading securities sold, not yet purchased:
Corporate bonds and redeemable preferred stock		$	24,355			$	-			$	24,355			$	-
Derivatives			6,719				-				6,719				-
Equity securities			393				393				-				-
U.S. Government Agency debt			-				-				-				-
U.S. government agency MBS and CMOs			-				-				-				-
U.S. Treasury securities			34,284				34,284				-				-
Total trading securities sold, not yet purchased		$	65,751			$	34,677			$	31,074			$	-
			
Other investments, sold not yet purchased:
Equity securities		$	97			$	97			$	-			$	-
Share forward liabilities			24,645				-				24,645				-
Total other investments sold, not yet purchased		$	24,742			$	97			$	24,645			$	-

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]

Fair Value June 30, 2024

Unfunded Commitments

Redemption Frequency

Redemption Notice Period

Other investments, at fair value

CREO JV (a)

$

5,086

$

9,978

N/A

N/A

U.S. Insurance JV (b)

2,851

N/A

N/A

N/A

$

7,937

Fair Value December 31, 2023

Unfunded Commitments

Redemption Frequency

Redemption Notice Period

Other investments, at fair value

CREO JV (a)

$

4,783

$

10,398

N/A

N/A

U.S. Insurance JV (b)

3,107

N/A

N/A

N/A

$

7,890

X

- Definition

Tabular disclosure of investments in certain entities that calculate net asset value per share or equivalent measured at fair value on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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+ References

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