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Selected Balance Sheet Data (Tables)
12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Assets
Other assets consisted of the following (in thousands):
Current
December 31,
Non-Current
December 31,
2023202220232022
Security deposits$— $— $1,491 $1,625 
Employee notes receivable37 26 — 
Securities, held-to-maturity(1)
9,500 — — 9,500 
Loan performance fee receivable1,725 766 7,885 4,261 
Investments in convertible notes(2)
— — 5,081 — 
Other(3)
4,941 6,510 489 473 
$16,203 $7,282 $14,972 $15,859 
(1)
Securities, held-to-maturity, are expected to mature on September 1, 2024 and accrue interest based on the 1-year treasury rate.
(2)
Convertible notes were purchased during the fourth quarter 2023 in connection with strategic alliances with companies in the real estate sector. The convertible notes accrue interest at rates between 6% and 10%, are convertible into equity for premiums and mature in a weighted average 1.7 years subject to extension at the option of the holders.
(3)
Other primarily includes customer trust accounts and prepaid lease costs.
Schedule of Deferred Compensation and Commissions
Deferred compensation and commissions consisted of the following (in thousands):
Current
December 31,
Non-Current
December 31,
2023202220232022
SARs liability (1)
$2,480 $2,323 $11,418 $13,137 
Commissions payable to investment sales and financing professionals52,689 72,247 28,198 45,156 
Deferred compensation liability (1)
201 493 8,155 6,168 
Other399 258 — — 
$55,769 $75,321 $47,771 $64,461 
(1)The SARs and deferred compensation liabilities become subject to payout at the time the participant is no longer considered a service provider. As a result of the retirement of certain participants, estimated amounts to be paid to participants within the next twelve months have been classified as current.
Summary of Net Change in Carrying Value of Assets Held in Rabbi Trust and Deferred Compensation Liability The net change in the carrying value of the assets held in the rabbi trust and the net change in the carrying value of the deferred compensation liability, each exclusive of additional contributions, distributions and trust expenses, consisted of the following (in thousands):
Years Ended December 31,
202320222021
Increase (decrease) in the carrying value of the assets held in the rabbi trust (1)
$1,526 $(1,743)$1,445 
(Increase) decrease in the net carrying value of the deferred compensation obligation (2)
$(1,439)$1,743 $(1,104)
(1)Recorded in other income, net in the consolidated statements of operations.
(2)Recorded in selling, general and administrative expense in the consolidated statements of operations.
Summary of Other Liabilities
Other liabilities consisted of the following (in thousands):
Current
December 31,
Non-Current
December 31,
2023202220232022
Deferred consideration$1,178 $3,633 $393 $1,486 
Contingent consideration819 1,726 4,663 5,341 
Dividends payable802 612 1,680 1,603 
Stock repurchase payable— 565 — — 
Loan guarantee obligation725 2,040 3,194 — 
Other395 1,357 760 184 
$3,919 $9,933 $10,690 $8,614