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Impairments
12 Months Ended
Dec. 31, 2022
Disclosure Text Block Supplement [Abstract]  
Impairments
26. Impairments
The following table summarizes impairments recognized by the Company:
 
 
 
Years Ended December 31,
 
 
 
2022
 
 
2021
 
 
2020
 
Lease termination–New York office (Note
14
)
  $ —       $ 9,277     $ —    
Fixed assets–New York office (Note
9
)
    —         6,576       —    
Lease termination–London office (Note
14
)
    —         303       —    
AdvisorEngine–Financial interests
    —         —         19,672  
Thesys–Series Y Preferred
    —         —         3,080  
   
 
 
   
 
 
   
 
 
 
Total
  $     $ 16,156     $   22,752  
   
 
 
   
 
 
   
 
 
 
 
AdvisorEngine
During the year ended December 31, 2020, the Company recognized an impairment of $19,672 to adjust the carrying value of its previously held financial interests in AdvisorEngine to fair value. Fair value was subsequently adjusted during the year ended December 31, 2020 by recognizing a gain of $1,093 in other losses and gains, net. These fair value adjustments were based upon the final sale terms as disclosed above (Note
25
).
Thesys
During the year ended December 31, 2020, the Company recognized an impairment of $3,080 on its
Series
Y
Preferred shares in Thesys, as the investment had underperformed financially when assessed against prior expectations, resulting in a carrying value of $0 at December 31, 2020.