Investment In Equity Method Affiliate

3 Months Ended

Mar. 31, 2020

Investment in Equity Method Affiliate [Abstract]

Investment in Equity Method Affiliate

11.   INVESTMENT IN EQUITY METHOD AFFILIATE

Equity method accounting requires that the Company record its investment in equity method affiliates on the consolidated balance sheets and recognize its share of the equity method affiliates’ net income as earnings each reporting period. 

The Company has certain equity method affiliates for which it has elected the fair value option.  Those investees are excluded from the table below.  Those investees are included as a component of other investments, at fair value in the consolidated balance sheets.  All gains and losses (unrealized and realized) from securities classified as other investments, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and other income in the consolidated statement of operations. See note 24.

The following table summarizes the activity and earnings in the Company’s investment that is accounted for under the equity method.

INVESTMENTS IN EQUITY METHOD AFFILIATES
(Dollars in Thousands)
	Insurance SPAC		AOI		CK Capital		Total
January 1, 2020	$	3,222	$	559	$	18	$	3,799
Investments / advances		-		2,097		-		2,097
Distributions / repayments		-		-		-		-
Earnings / (loss) realized		(306)		(31)		230		(107)
March 31, 2020	$	2,916	$	2,625	$	248	$	5,789