XML 68 R58.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned $ 1,271,032 $ 1,157,004
Available-for-sale securities, at fair value 1,879,904 [1] 2,113,893
Investments 96,519 117,804
Cash equivalents measured at NAV 3,189 3,004
Derivative contracts, Assets [2]   52,129
Total Assets 3,352,892 3,443,834
Financial instruments sold, but not yet purchased, at fair value 811,902 756,150
Derivative contracts, Liabilities [3] 102,247 52,147
Total, Liabilities 914,149 808,297
U.S. Government Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 55,870 10,774
Financial instruments sold, but not yet purchased, at fair value 478,722 377,023
U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 201,613 143,793
Available-for-sale securities, at fair value 2,272 [1] 1,808
Financial instruments sold, but not yet purchased, at fair value 56,721 37,395
Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 128,314 132,087
Available-for-sale securities, at fair value 243,588 291,054
Investments 24,949  
Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 230,175 255,999
Available-for-sale securities, at fair value 686,906 [1] 791,893
Financial instruments sold, but not yet purchased, at fair value 124,305 153,852
Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 56,622 75,056
Investments   21,308
Financial instruments sold, but not yet purchased, at fair value 25,034 28,482
State And Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 136,879 162,335
Available-for-sale securities, at fair value 2,355 [1] 2,399
Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 34,919 60,406
Investments in Funds and Partnerships Measured at NAV [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 22,686 23,058
Derivative contracts, Assets [2] 102,248  
Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 349,887 335,050
Available-for-sale securities, at fair value 875,784 [1] 952,186
Financial instruments sold, but not yet purchased, at fair value 122,369 156,628
Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, at fair value 68,512 [1] 73,985
Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, at fair value 487 [1] 568
Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 13,965 13,032
Sovereign Debt [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,271,032  
Financial instruments sold, but not yet purchased, at fair value   2,770
Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned [4] 111,672 41,910
Financial instruments sold, but not yet purchased, at fair value [5] 4,751  
Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 109,401 84,450
Investments 11,505 24,110
Total Assets 120,906 108,560
Financial instruments sold, but not yet purchased, at fair value 501,598 405,505
Derivative contracts, Liabilities [3] 0  
Total, Liabilities 501,598 405,505
Level 1 [Member] | U.S. Government Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 55,870 10,774
Financial instruments sold, but not yet purchased, at fair value 478,722 377,023
Level 1 [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,639 183
Financial instruments sold, but not yet purchased, at fair value 63  
Level 1 [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 51,892 73,493
Investments 11,410 13,893
Financial instruments sold, but not yet purchased, at fair value 22,813 28,482
Level 1 [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 95 10,217
Level 1 [Member] | Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments  
Level 1 [Member] | Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments sold, but not yet purchased, at fair value [5] 0  
Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,015,220 980,766
Available-for-sale securities, at fair value 1,879,904 2,113,893
Investments 1,706 16,013
Derivative contracts, Assets [2] 102,248 52,129
Total Assets 2,999,078 3,162,801
Financial instruments sold, but not yet purchased, at fair value 307,182 350,645
Derivative contracts, Liabilities 102,247 52,147 [3]
Total, Liabilities 409,429 402,792
Level 2 [Member] | U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 201,613 143,793
Available-for-sale securities, at fair value 2,272 1,808
Financial instruments sold, but not yet purchased, at fair value 56,721 37,395
Level 2 [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 83,103 67,381
Available-for-sale securities, at fair value   291,054
Level 2 [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 228,536 255,816
Available-for-sale securities, at fair value 686,906 791,893
Financial instruments sold, but not yet purchased, at fair value 124,242 153,852
Level 2 [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 3,717 1,338
Investments 1,661 1,661
Financial instruments sold, but not yet purchased, at fair value 2,221  
Level 2 [Member] | State And Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 136,879 162,335
Available-for-sale securities, at fair value 2,355 2,399
Level 2 [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 45 14,352
Level 2 [Member] | Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 349,887 335,050
Available-for-sale securities, at fair value 875,784 952,186
Financial instruments sold, but not yet purchased, at fair value 122,369 156,628
Level 2 [Member] | Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, at fair value 68,512 73,985
Level 2 [Member] | Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, at fair value 487 568
Level 2 [Member] | Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments  
Level 2 [Member] | Sovereign Debt [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments sold, but not yet purchased, at fair value   2,770
Level 2 [Member] | Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 11,485 [2] 15,053 [4]
Financial instruments sold, but not yet purchased, at fair value 1,629  
Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 146,411 91,788
Investments 60,622 54,623
Derivative contracts, Assets [2] 0  
Total Assets 207,033 146,411
Financial instruments sold, but not yet purchased, at fair value 3,122  
Derivative contracts, Liabilities [3] 0  
Total, Liabilities 3,122  
Level 3 [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 45,211 64,706
Level 3 [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,013 225
Investments 11,878 5,754
Level 3 [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 34,779 35,837
Level 3 [Member] | Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 13,965 13,032
Level 3 [Member] | Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned [4] 100,187 $ 26,857
Financial instruments sold, but not yet purchased, at fair value [5] $ 3,122  
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2] Included in other assets in the consolidated statements of financial condition.
[3] Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
[4] Includes loans, non-agency mortgage-backed securities, and sovereign debt.
[5] Includes loans, state and municipal securities, and sovereign debt.