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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Categorization of Investments and Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024:
 March 31, 2025
 Level 1Level 2Level 3Total
Debt Securities Carried by EGL$452,544 $— $— $452,544 
Other Debt and Equity Securities(1)
209,003 — — 209,003 
Investment Funds 143,171 — — 143,171 
Total Assets Measured At Fair Value$804,718 $— $— $804,718 
 December 31, 2024
 Level 1Level 2Level 3Total
Debt Securities Carried by EGL$459,916 $— $— $459,916 
Other Debt and Equity Securities(1)
824,069 — — 824,069 
Investment Funds178,703 — — 178,703 
Total Assets Measured At Fair Value$1,462,688 $— $— $1,462,688 
(1)Includes $10,075 and $9,967 of U.S. Treasury securities classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 2024, respectively.
Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value
The carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Unaudited Condensed Consolidated Statements of Financial Condition, are listed in the tables below.
  March 31, 2025
 CarryingEstimated Fair Value
 AmountLevel 1Level 2Level 3Total
Financial Assets:
Cash and Cash Equivalents$542,879 $542,879 $— $— $542,879 
Certificates of Deposit16,816 — 16,816 — 16,816 
Receivables(1)
582,613 — 577,990 — 577,990 
Contract Assets(2)
48,200 — 47,482 — 47,482 
Closely-held Equity Securities645 — — 645 645 
Financial Liabilities:
Accounts Payable and Accrued Expenses$41,375 $— $41,375 $— $41,375 
Payable to Employees and Related Parties86,295 — 86,295 — 86,295 
Notes Payable(3)
375,055 — 360,596 — 360,596 
  December 31, 2024
 CarryingEstimated Fair Value
 AmountLevel 1Level 2Level 3Total
Financial Assets:
Cash and Cash Equivalents$863,078 $863,078 $— $— $863,078 
Certificates of Deposit66,660 — 66,660 — 66,660 
Receivables(1)
522,816 — 518,485 — 518,485 
Contract Assets(2)
76,856 — 76,184 — 76,184 
Closely-held Equity Securities625 — — 625 625 
Financial Liabilities:
Accounts Payable and Accrued Expenses$29,041 $— $29,041 $— $29,041 
Payable to Employees and Related Parties48,494 — 48,494 — 48,494 
Notes Payable(3)
373,895 — 356,531 — 356,531 
(1)Includes Accounts Receivable, as well as long-term receivables, which are included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.
(2)Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.
(3)Includes current and long-term Notes Payable included in Current Portion of Notes Payable and Notes Payable on the Unaudited Condensed Consolidated Statements of Financial Condition.