Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Redeemable Noncontrolling Interest

The following table presents the activities in redeemable noncontrolling interests in the Company's investment management business through its redemption in May 2022 as discussed below, and in open-end funds in the liquid securities strategy consolidated by the Company.


	Year Ended December 31,
(In thousands)	2023		2022		2021
Redeemable noncontrolling interests
Beginning balance	$	100,574	$	359,223	$	305,278
Contributions	300		11,650		42,514
Distributions paid and payable, including redemptions by limited partners in consolidated funds	(89,515)		(20,784)		(23,246)
Net income (loss)	6,503		(26,778)		34,677
Adjustment of Wafra's interest to redemption value and warrants held by Wafra to fair value	—		725,026		—
Redemption of Wafra's interest	—		(862,276)		—
Reclassification of warrants held by Wafra to liability in May 2022 (Note 6)	—		(81,400)		—
Reclassification of Wafra's carried interest allocation to noncontrolling interests in investment entities in May 2022	—		(4,087)		—

Ending balance	$	17,862	$	100,574	$	359,223