Other Assets

3 Months Ended

Mar. 31, 2025

Disclosure Text Block Supplement [Abstract]

Other Assets

10. Other Assets

Marketable Securities
 

During the three months ended March 31, 2024, the Company sold its remaining 14.2 million shares of common stock of Albertsons Companies Inc. (“ACI”), generating net proceeds of $299.1 million. For tax purposes, the Company recognized a long-term capital gain of $288.7 million and elected to retain the proceeds from the sale of ACI common stock, resulting in estimated federal and state income tax expense of $72.9 million during the three months ended March 31, 2024.

The portion of unrealized (losses)/gains on marketable securities for the three months ended March 31, 2025 and 2024 that related to marketable securities still held at the reporting date (in thousands):

	Three Months Ended March 31,
	2025			2024
Loss on marketable securities, net	$	(9	)	$	(27,686	)
Less: Net (gain)/loss recognized related to marketable    securities sold		(2	)		27,695
Unrealized (loss)/gain related to marketable    securities still held	$	(11	)	$	9