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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Summary of Cash, Cash Equivalents and Restricted Cash A reconciliation of the Company’s cash, cash equivalents and restricted cash as of June 30, 2022 and 2021, is presented below.

 

 

 

June 30,

 

 

2022

 

2021

Cash

 

$

94,639

 

$

146,878

Cash equivalents

 

 

44,164

 

 

49,573

Restricted cash

 

 

631

 

 

1,077

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

 

$

139,434

 

$

197,528

Summary of Credit Loss Allowance Activity

The following tables summarize credit loss allowance activity for the three and six months ended June 30, 2022 and 2021:

 

 

Three Months Ended June 30, 2022

 

 

Three Months Ended June 30, 2021

 

 

Accounts Receivable

 

 

Accounts Receivable

 

 

 

Short-term Receivables

 

 

 

Private Funds Advisory Receivables

 

 

 

Total

 

 

 

Short-term Receivables

 

 

 

Private Funds Advisory Receivables

 

 

 

Total

 

Allowance for Credit Losses, beginning balance

$

 

2,170

 

 

$

 

111

 

 

$

 

2,281

 

 

$

 

5,963

 

 

$

 

220

 

 

$

 

6,183

 

Charge-offs, foreign currency translation and other adjustments

 

 

(40

)

 

 

 

—

 

 

 

 

(40

)

 

 

 

19

 

 

 

 

—

 

 

 

 

19

 

Recoveries

 

 

(832

)

 

 

 

(2

)

 

 

 

(834

)

 

 

 

(3,765

)

 

 

 

—

 

 

 

 

(3,765

)

Provision for credit losses

 

 

1,190

 

 

 

 

22

 

 

 

 

1,212

 

 

 

 

1,831

 

 

 

 

86

 

 

 

 

1,917

 

Allowance for credit losses, ending balance

$

 

2,488

 

 

$

 

131

 

 

$

 

2,619

 

 

$

 

4,048

 

 

$

 

306

 

 

$

 

4,354

 

 

 

Six Months Ended June 30, 2022

 

 

Six Months Ended June 30, 2021

 

 

Accounts Receivable

 

 

Accounts Receivable

 

 

 

Short-term Receivables

 

 

 

Private Funds Advisory Receivables

 

 

 

Total

 

 

 

Short-term Receivables

 

 

 

Private Funds Advisory Receivables

 

 

 

Total

 

Allowance for Credit Losses, beginning balance

$

 

2,621

 

 

$

 

202

 

 

$

 

2,823

 

 

$

 

3,577

 

 

$

 

198

 

 

$

 

3,775

 

Charge-offs, foreign currency translation and other adjustments

 

 

(226

)

 

 

 

(68

)

 

 

 

(294

)

 

 

 

(722

)

 

 

 

—

 

 

 

 

(722

)

Recoveries

 

 

(1,572

)

 

 

 

(89

)

 

 

 

(1,661

)

 

 

 

(4,891

)

 

 

 

—

 

 

 

 

(4,891

)

Provision for credit losses

 

 

1,665

 

 

 

 

86

 

 

 

 

1,751

 

 

 

 

6,084

 

 

 

 

108

 

 

 

 

6,192

 

Allowance for credit losses, ending balance

$

 

2,488

 

 

$

 

131

 

 

$

 

2,619

 

 

$

 

4,048

 

 

$

 

306

 

 

$

 

4,354