XML 148 R70.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value - Valuation of Financial Instruments by Pricing Observability Levels (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments:      
Investments, other measurements $ 77,959 $ 73,281  
Securities sold not yet purchased:      
Contingent payment arrangements 7,800 4,400 $ 17,384
Other investments      
Investments:      
Investments, other measurements 6,015 12,271  
Time deposits      
Investments:      
Investments, other measurements 21,024 18,602  
Hedge funds      
Investments:      
Investments, other measurements 50,920 42,408  
Recurring      
Assets, Fair Value Disclosure [Abstract]      
Money markets 151,156 130,675  
Securities segregated (U.S. Treasury Bills) 1,503,828 1,752,906  
Derivatives 15,422 21,741  
Investments:      
Total investments measured at fair value and other measurements 273,418 253,375  
Total assets measured at fair value and other measurements 1,943,824 2,158,697  
Securities sold not yet purchased:      
Short equities – corporate 1,054 5,305  
Short exchange-traded options 2,774 12,486  
Derivatives 16,923 30,537  
Contingent payment arrangements 38,260 27,750  
Total liabilities measured at fair value 59,011 76,078  
Recurring | Level 1      
Assets, Fair Value Disclosure [Abstract]      
Money markets 151,156 130,675  
Securities segregated (U.S. Treasury Bills) 0 0  
Derivatives 392 118  
Investments:      
Total investments 155,904 162,243  
Total assets measured at fair value 307,452 293,036  
Securities sold not yet purchased:      
Short equities – corporate 1,054 5,305  
Short exchange-traded options 2,774 12,486  
Derivatives 1,186 1,834  
Contingent payment arrangements 0 0  
Total liabilities measured at fair value 5,014 19,625  
Recurring | Level 2      
Assets, Fair Value Disclosure [Abstract]      
Money markets 0 0  
Securities segregated (U.S. Treasury Bills) 1,503,828 1,752,906  
Derivatives 15,030 21,623  
Investments:      
Total investments 39,284 17,565  
Total assets measured at fair value 1,558,142 1,792,094  
Securities sold not yet purchased:      
Short equities – corporate 0 0  
Short exchange-traded options 0 0  
Derivatives 15,737 28,703  
Contingent payment arrangements 0 0  
Total liabilities measured at fair value 15,737 28,703  
Recurring | Level 3      
Assets, Fair Value Disclosure [Abstract]      
Money markets 0 0  
Securities segregated (U.S. Treasury Bills) 0 0  
Derivatives 0 0  
Investments:      
Total investments 126 125  
Total assets measured at fair value 126 125  
Securities sold not yet purchased:      
Short equities – corporate 0 0  
Short exchange-traded options 0 0  
Derivatives 0 0  
Contingent payment arrangements 38,260 27,750  
Total liabilities measured at fair value 38,260 27,750  
Recurring | NAV Expedient      
Investments:      
Total investments 145 161  
Total assets measured at fair value 145 161  
Recurring | Equity securities      
Investments:      
Investments 184,472 165,556  
Recurring | Equity securities | Level 1      
Investments:      
Investments 144,917 147,705  
Recurring | Equity securities | Level 2      
Investments:      
Investments 39,284 17,565  
Recurring | Equity securities | Level 3      
Investments:      
Investments 126 125  
Recurring | Equity securities | NAV Expedient      
Investments:      
Investments 145 161  
Recurring | Other investments      
Investments:      
Investments, other measurements   19,282  
Total investments measured at fair value and other measurements 15,109    
Recurring | Other investments | Level 1      
Investments:      
Total investments 9,094 7,011  
Recurring | Other investments | Level 2      
Investments:      
Total investments 0 0  
Recurring | Other investments | Level 3      
Investments:      
Total investments 0 0  
Recurring | Time deposits      
Investments:      
Investments, other measurements 21,024 18,602  
Recurring | Hedge funds      
Investments:      
Investments, other measurements 50,920 42,408  
Recurring | Long exchange-traded options | Exchange-traded options      
Investments:      
Investments 1,893 7,527  
Recurring | Long exchange-traded options | Exchange-traded options | Level 1      
Investments:      
Investments 1,893 7,527  
Recurring | Long exchange-traded options | Exchange-traded options | Level 2      
Investments:      
Investments 0 0  
Recurring | Long exchange-traded options | Exchange-traded options | Level 3      
Investments:      
Investments $ 0 $ 0