v3.23.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
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 September 30, 2023 and December 31, 2022:
 September 30, 2023
 Level 1Level 2Level 3Total
Debt Securities Carried by EGL$471,016 $— $— $471,016 
Other Debt and Equity Securities(1)
437,538 — — 437,538 
Investment Funds 148,673 — — 148,673 
Total Assets Measured At Fair Value$1,057,227 $— $— $1,057,227 
 December 31, 2022
 Level 1Level 2Level 3Total
Debt Securities Carried by EGL$365,638 $— $— $365,638 
Other Debt and Equity Securities(1)
815,409 — — 815,409 
Investment Funds136,718 — — 136,718 
Total Assets Measured At Fair Value$1,317,765 $— $— $1,317,765 
(1)Includes $3,770 and $7,939 of treasury bills classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of September 30, 2023 and December 31, 2022, 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.
  September 30, 2023
 CarryingEstimated Fair Value
 AmountLevel 1Level 2Level 3Total
Financial Assets:
Cash and Cash Equivalents$488,820 $488,820 $— $— $488,820 
Certificates of Deposit84,163 — 84,163 — 84,163 
Receivables(1)
412,010 — 409,108 — 409,108 
Contract Assets(2)
50,462 — 49,896 — 49,896 
Closely-held Equity Securities609 — — 609 609 
Financial Liabilities:
Accounts Payable and Accrued Expenses$28,964 $— $28,964 $— $28,964 
Payable to Employees and Related Parties32,127 — 32,127 — 32,127 
Notes Payable372,419 — 343,179 — 343,179 
  December 31, 2022
 CarryingEstimated Fair Value
 AmountLevel 1Level 2Level 3Total
Financial Assets:
Cash and Cash Equivalents$655,461 $655,461 $— $— $655,461 
Certificates of Deposit122,890 — 122,890 — 122,890 
Receivables(1)
449,270 — 447,051 — 447,051 
Contract Assets(2)
118,496 — 117,701 — 117,701 
Closely-held Equity Securities604 — — 604 604 
Financial Liabilities:
Accounts Payable and Accrued Expenses$28,807 $— $28,807 $— $28,807 
Payable to Employees and Related Parties41,235 — 41,235 — 41,235 
Notes Payable371,774 — 349,955 — 349,955 
(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.