XML 87 R77.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements for Operating Entities and Consolidated Funds - Unobservable Input Roll Forward (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Preferred Stock        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value $ 56,477 $ 8,200 $ 59,967 $ 7,835
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 1,859 365    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 4,651 0    
Realized and unrealized gains (losses), asset (698) 0    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (698) 0    
Common Stock        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 22,706 17,510 23,786 17,466
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 5,353 [2] 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 3,226 1,798    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 1,387 593    
Realized and unrealized gains (losses), asset 2,434 (1,161)    
Change in Unrealized Gain (Loss), instruments still held, asset [1] 1,679 (1,257)    
Convertible Bonds        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 3,137 2,786 6,040 2,500
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 1,050 286    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 3,930 0    
Realized and unrealized gains (losses), asset (23) 0    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (23) 0    
Corporate Bonds        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 136 2,812 135 2,421
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 70 422    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 49 24    
Realized and unrealized gains (losses), asset (20) (7)    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (49) 12    
Options        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 241 332 251 336
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0 0    
Realized and unrealized gains (losses), asset (10) (4)    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (10) (4)    
Warrants and Rights        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 7,924 598 6,547 594
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 3,406 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 1,206 0    
Realized and unrealized gains (losses), asset (823) 4    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (895) 4    
Trade Claims        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 5,905 9,183 8,713 7,083
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 1,044 [3]    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 1,378 1,166    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 4,216 0    
Realized and unrealized gains (losses), asset 30 (110)    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (1,021) (110)    
Term Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 12,424   12,623  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 322      
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0      
Realized and unrealized gains (losses), asset (521)      
Change in Unrealized Gain (Loss), instruments still held, asset [1] (521)      
Private Equity Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 1,085 465 642 237
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 443 233    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0 0    
Realized and unrealized gains (losses), asset 0 (5)    
Change in Unrealized Gain (Loss), instruments still held, asset 0 (5)    
Consolidated Funds | Preferred Stock        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value   4,393   4,393
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3   0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3   0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases   0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales   0    
Realized and unrealized gains (losses), asset   0    
Change in Unrealized Gain (Loss), instruments still held, asset [1]   0    
Consolidated Funds | Common Stock        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 2,951 100,000 2,951 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 0 100,000    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0 0    
Realized and unrealized gains (losses), asset 0 0    
Change in Unrealized Gain (Loss), instruments still held, asset [1] 0 0    
Consolidated Funds | Warrants and Rights        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value 5,329 5,611 5,806 5,567
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 670 0    
Realized and unrealized gains (losses), asset 193 44    
Change in Unrealized Gain (Loss), instruments still held, asset [1] (477) 44    
Option        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Liability Value 3,297 1,802 3,915 2,920
Liability, Transfers In 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 0 0    
Liability, Purchases 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 618 1,118    
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) [1] (618) (1,118)    
Contingent liability payable        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Liability Value 19,579 28,658 37,952 30,896
Liability, Transfers In 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 0 0    
Liability, Purchases (11,312) 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales 0 1,400    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 7,061 838    
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) [1] (7,061) (838)    
Corporate Bonds        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value   800    
Balance Liability Value 415   704 1,000
Liability, Transfers In 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 0 0    
Liability, Purchases 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales (289) 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 0 (200)    
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) [1] 0 (200)    
US Government Debt Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance Asset Value   1,500    
Balance Liability Value 522   $ 1,500 $ 1,950
Liability, Transfers In 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 0 0    
Liability, Purchases 0 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales (1,278) 0    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 300 (450)    
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) [1] $ 87 $ (450)    
[1] Unrealized gains/losses are reported in Investment income - Securities principal transactions, net in the accompanying condensed consolidated statements of operations
[2] The entity in which the Company is invested completed an initial public offering
[3] The security stopped trading on an open market.