Note 22 - Supplemental Cash Flow Disclosure

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

22. SUPPLEMENTAL CASH FLOW DISCLOSURE

Cash flows from investments (including derivatives) classified as investments-trading or trading securities sold, not yet purchased, are presented on a net basis as a component of cash flows from operations.  Cash flows from investments (including derivatives) classified as other investments, at fair value or other investments sold, not yet purchased, are presented on a gross basis as a component of cash flows from investing. 

Interest paid by the Company on its debt was  $1,251 and  $1,417 for the  three months ended March 31, 2026 and 2025, respectively. 

The Company paid income taxes of  $816 and $150 for the three months ended March 31, 2026 and 2025, respectively. The Company received income tax refunds of $0 and $0 for the three months ended March 31, 2026 and 2025, respectively.

For the three months ended March 31, 2026, the Company had the following significant non-cash transactions that are not reflected on the statement of cash flows:

●  The Company net received units of membership interest in the Operating LLC.  The Company recognized a net increase in additional paid-in capital of $516, a net decrease in AOCI of $7, and a decrease in non-controlling interest of $509. See note 16.

● The Company recorded a decrease in equity method affiliates of $1,350 and an increase in other investments, at fair value of $1,350 resulting from an in-kind distribution from equity method affiliates.

● The Company recorded an accrual of $7,033 in accounts payable and other liabilities for dividends and distributions declared on March 6, 2026, which were paid after March 31, 2026. The Company recorded an additional accrual of $1,334 in accounts payable and other liabilities for dividends and distributions to be paid on restricted stock once vested.    

For the three months ended March 31, 2025, the Company had the following significant non-cash transactions that are not reflected on the statement of cash flows:

●  The Company net received units of membership interest in the Operating LLC.  The Company recognized a net increase in additional paid-in capital of $502, a net decrease in AOCI of $13, and a decrease in non-controlling interest of $489.  See note 16.

●  The Company recorded an accrual of $1,121 for dividends and distributions declared on March 10, 2025, which were paid after March 31, 2025.

● The Company recorded a decrease in equity method affiliates of $113 and an increase in other investments, at fair value of $113, resulting from an in-kind distribution from equity method affiliates.

● The Company recorded a decrease of $505 in other investments, at fair value and a decrease of $505 in other investment sold, not yet purchased due to the payment of shares to a former SPAC sponsor entity.

● The Company recorded a decrease of $392 in other investments, at air value resulting from an in-kind distribution to the non-convertible controlling interest.

● The Company recorded a decrease in other receivables of $19, a decrease in due from broker of $1,120, a decrease in other investments, at fair value of $1,299, a decrease of other investments sold, not yet purchased, at fair value of $344, and a decrease in non-controlling interest of $1,961 resulting from the sale of the Company's interest in Vellar GP.