| Summary of Cash, Cash Equivalents and Restricted Cash |
A reconciliation of the Company’s cash, cash equivalents and restricted cash as of September 30, 2024 and 2023, is presented below.
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September 30, |
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2024 |
|
2023 |
Cash |
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$ |
45,120 |
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$ |
22,974 |
Cash equivalents |
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|
100,212 |
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|
124,478 |
Restricted cash |
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|
733 |
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|
766 |
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows |
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$ |
146,065 |
|
$ |
148,218 |
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| Summary of Credit Loss Allowance Activity |
The following tables summarize credit loss allowance activity for the three and nine months ended September 30, 2024 and 2023:
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Three Months Ended September 30, 2024 |
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Three Months Ended September 30, 2023 |
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Accounts Receivable |
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Accounts Receivable |
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Short-term Receivables |
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Private Funds Advisory Receivables |
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Total |
|
Short-term Receivables |
|
Private Funds Advisory Receivables |
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Total |
Allowance for Credit Losses, beginning balance |
$ |
2,251 |
|
$ |
35 |
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$ |
2,286 |
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$ |
1,201 |
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$ |
567 |
|
$ |
1,768 |
Charge-offs, foreign currency translation and other adjustments |
|
(193) |
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— |
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(193) |
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|
(113) |
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|
(779) |
|
|
(892) |
Recoveries |
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(817) |
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(15) |
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(832) |
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(619) |
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(18) |
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|
(637) |
Provision for credit losses |
|
799 |
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— |
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|
799 |
|
|
539 |
|
|
776 |
|
|
1,315 |
Allowance for credit losses, ending balance |
$ |
2,040 |
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$ |
20 |
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$ |
2,060 |
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$ |
1,008 |
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$ |
546 |
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$ |
1,554 |
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Nine Months Ended September 30, 2024 |
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Nine Months Ended September 30, 2023 |
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Accounts Receivable |
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Accounts Receivable |
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Short-term Receivables |
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Private Funds Advisory Receivables |
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Total |
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Short-term Receivables |
|
Private Funds Advisory Receivables |
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Total |
Allowance for Credit Losses, beginning balance |
$ |
1,221 |
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$ |
42 |
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$ |
1,263 |
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$ |
1,136 |
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$ |
593 |
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$ |
1,729 |
Charge-offs, foreign currency translation and other adjustments |
|
(837) |
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|
— |
|
|
(837) |
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|
(116) |
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|
(779) |
|
|
(895) |
Recoveries |
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(2,361) |
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|
(28) |
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(2,389) |
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(1,941) |
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(48) |
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|
(1,989) |
Provision for credit losses |
|
4,017 |
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|
6 |
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|
4,023 |
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|
1,929 |
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|
780 |
|
|
2,709 |
Allowance for credit losses, ending balance |
$ |
2,040 |
|
$ |
20 |
|
$ |
2,060 |
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$ |
1,008 |
|
$ |
546 |
|
$ |
1,554 |
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