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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities
Investment securities at fair value consisted of the following:
December 31, 2021December 31, 2020
Debt securities available for sale$103,906 $91,204 
Equity securities at fair value:
     Marketable equity securities19,560 21,155 
     Mutual funds invested in debt securities23,221 23,226 
     Long-term investment securities at fair value (1)
32,089 33,981 
     Total equity securities at fair value74,870 78,362 
Total investment securities at fair value178,776 169,566 
Less:
     Long-term investment securities at fair value (1)
32,089 33,981 
Current investment securities at fair value$146,687 $135,585 
Long-term investment securities at fair value (1)
$32,089 $33,981 
Equity-method investments20,984 18,310 
     Total long-term investments$53,073 $52,291 
Equity securities at cost: (2)
     Other equity securities at cost$5,200 $5,200 

(1) These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820.
(2) These assets are without readily determinable fair values that do not qualify for the NAV practical expedient and are included in Other assets on the consolidated balance sheets.
The components of debt securities available for sale at December 31, 2021 were as follows:
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Marketable debt securities$103,838 $68 $— $103,906 
The components of debt securities available for sale at December 31, 2020 were as follows:
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Marketable debt securities$90,621 $583 $— $91,204 
The following is a summary of unrealized and realized net gains and losses recognized in net income on equity securities at fair value for the years ended December 31, 2021, 2020 and 2019, respectively:
Year Ended December 31,
202120202019
Net gains recognized on equity securities $9,615 $2,123 $7,320 
Less: Net gains (losses) recognized on equity securities sold7,534 (121)1,526 
Net unrealized gains recognized on equity securities still held at the reporting date$2,081 $2,244 $5,794 
Schedule of Net Gains Recognized
Net gains recognized on investment securities were as follows:
Year Ended December 31,
202120202019
Net gains recognized on equity securities at fair value$9,615 $2,123 $7,320 
Net gains recognized on debt and equity securities available for sale45 110 135 
Impairment expense(276)(415)(15)
Net gains recognized on investment securities$9,384 $1,818 $7,440 
Gross realized gains and losses recognized on debt securities available for sale were as follows:
Year Ended December 31,
202120202019
Gross realized gains on sales$108 $329 $144 
Gross realized losses on sales(63)(219)(9)
Net gains recognized on debt securities available for sale$45 $110 $135 
Impairment expense$(276)$(415)$(15)
Schedule of Maturity Dates of Fixed Income Securities
The table below summarizes the maturity dates of debt securities available for sale at December 31, 2021.
Investment Type:
Fair ValueUnder 1 Year1 Year up to 5 YearsMore than 5 Years
U.S. Government securities$6,481 $5,688 $793 $— 
Corporate securities47,531 20,028 27,503 — 
U.S. mortgage-backed securities19,572 1,824 17,748 — 
Commercial paper29,103 29,103 — — 
Foreign fixed-income securities1,219 1,219 — — 
Total debt securities available for sale by maturity dates
$103,906 $57,862 $46,044 $— 
Schedule of Equity Method Investments
Equity-method investments consisted of the following:
 December 31, 2021December 31, 2020
Mutual and hedge funds$20,984 $18,310 
Equity in earnings from investments were:
Year Ended December 31,
 202120202019
Mutual fund and hedge funds$2,675 $2,844 $958 
Ladenburg Thalmann Financial Services Inc. — 53,424 (410)
Castle Brands Inc. — — 16,452 
Equity in earnings from investments$2,675 $56,268 $17,000 
Pursuant to Rule 4-08(g), the following summarized financial data for unconsolidated subsidiaries includes information for the mutual fund and hedge funds.
December 31,
2021		December 31,
2020
Investment securities$493,705 $486,390 
Cash and cash equivalents44,644 7,126 
Other assets14,151 41,004 
    Total assets$552,500 $534,520 
Other liabilities$214,607 $230,237 
    Total liabilities214,607 230,237 
Partners’ capital337,893 304,283 
      Total liabilities and partners’ capital$552,500 $534,520 
Year Ended December 31,
202120202019
Investment income$1,574 $1,779 $2,834 
Expenses12,873 9,300 6,756 
    Net investment loss(11,299)(7,521)(3,922)
Total net realized gain and net change in unrealized depreciation from investments48,342 123,381 18,822 
Net increase in partners’ capital resulting from operations$37,043 $115,860 $14,900 
Pursuant to Rule 4-08(g), the following summarized financial data is presented for LTS. The Company accounts for its investment in LTS using a three-month lag reporting period.
Three Months Ended
December 31,
2019
Revenues$395,735 
Expenses394,992 
   Income before other items743 
Change in fair value of contingent consideration(374)
Income from continuing operations369 
       Net income$508 
Pursuant to Rule 4-08(g), the following summarized financial data for unconsolidated subsidiaries includes information for the following: Other Condominium and Mixed Use Development, Apartment Buildings, Hotels, Commercial and Other.
Other Condominium and Mixed Use Development:
Year Ended December 31,
202120202019
Income Statements
Revenue$301,703 $386,859 $208,767 
Cost of goods sold317,894 302,234 76,162 
Other expenses117,985 270,642 149,014 
Loss from continuing operations$(134,176)$(186,017)$(16,409)
December 31,
2021		December 31,
2020
Balance Sheets
Investment in real estate$1,434,205 $4,465,118 
Total assets1,513,581 4,551,788 
Total debt1,107,366 3,569,361 
Total liabilities1,284,579 3,921,492 
Non-controlling interest63,781 83,807 
Apartment Buildings:
Year Ended December 31,
202120202019
Income Statements
Revenue$35,213 $65,808 $70,862 
Other expenses46,360 63,705 67,094 
(Loss) income from continuing operations$(11,147)$2,103 $3,768 
December 31,
2021		December 31,
2020
Balance Sheets
Investment in real estate$— $544,610 
Total assets6,780 563,523 
Total debt— 392,324 
Total liabilities131 399,269 
Non-controlling interest4,990 123,273 
Hotels:
Year Ended December 31,
202120202019
Income Statements
Revenue$42,549 $130,742 $147,446 
Cost of goods sold3,671 2,671 5,399 
Other expenses201,211 256,973 220,045 
Loss from continuing operations$(162,333)$(128,902)$(77,998)
December 31,
2021		December 31,
2020
Balance Sheets
Investment in real estate$1,553,911 $1,489,085 
Total assets1,631,664 1,575,800 
Total debt1,110,700 1,071,445 
Total liabilities1,213,044 1,143,419 
Non-controlling interest412,165 427,439 
Commercial:
Year Ended December 31,
202120202019
Income Statements
Revenue$1,662 $7,911 $7,821 
Equity in (losses) earnings24,383 (13,671)24,159 
Other expenses1,412 4,740 7,724 
Income (loss) from continuing operations$24,633 $(10,500)$24,256 
December 31,
2021		December 31,
2020
Balance Sheets
Investment in real estate$51,173 $51,487 
Total assets71,296 70,270 
Total debt55,625 55,625 
Total liabilities55,016 55,199 
Other:
Year Ended December 31,
202120202019
Income Statements
Revenue$180,092 $571 $390,478 
Cost of Goods Sold— — 220,316 
Other expenses303,352 48,633 155,257 
(Loss) income from continuing operations$(123,260)$(48,062)$14,905 
December 31,
2021		December 31,
2020
Balance Sheets
Investment in real estate$392,754 $1,216,819 
Total assets444,520 1,237,794 
Total debt227,724 722,930 
Total liabilities233,329 903,196 
Non-controlling interest152,775 272,196