| Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis, aggregated by each fair value hierarchy level (in thousands):
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December 31, 2023 |
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Quoted Price in Active Markets for Identical Instruments
(Level 1) |
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Significant Other Observable Inputs
(Level 2) |
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Significant Unobservable Inputs
(Level 3) |
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Total |
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Assets: |
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Inventories(1) |
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$ |
1,109,618 |
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$ |
— |
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$ |
— |
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$ |
1,109,618 |
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Precious metals held under financing arrangements |
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19,520 |
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— |
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— |
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19,520 |
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Derivative assets — open sale and purchase commitments, net |
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18,820 |
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— |
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— |
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18,820 |
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Derivative assets — futures contracts |
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|
755 |
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— |
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— |
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|
755 |
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Derivative assets — forward contracts |
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6,170 |
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— |
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— |
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6,170 |
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Option to purchase interest in a long-term investment |
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— |
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— |
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5,300 |
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|
5,300 |
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Total assets, valued at fair value |
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$ |
1,154,883 |
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$ |
— |
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$ |
5,300 |
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$ |
1,160,183 |
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Liabilities: |
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Liabilities on borrowed metals |
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$ |
24,215 |
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$ |
— |
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$ |
— |
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$ |
24,215 |
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Product financing arrangements |
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|
518,613 |
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— |
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— |
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518,613 |
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Derivative liabilities — open sale and purchase commitments, net |
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3,732 |
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— |
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— |
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|
3,732 |
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Derivative liabilities — margin accounts |
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3,563 |
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— |
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— |
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3,563 |
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Derivative liabilities — futures contracts |
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|
1,800 |
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— |
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— |
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|
1,800 |
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Derivative liabilities — forward contracts |
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|
19,813 |
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— |
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— |
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19,813 |
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Total liabilities, valued at fair value |
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$ |
571,736 |
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|
$ |
— |
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$ |
— |
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|
$ |
571,736 |
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(1)
Commemorative coin inventory totaling $0.7 million was held at lower of cost or realizable value, and thus is excluded from the inventories balance shown in this table.
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June 30, 2023 |
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Quoted Price in Active Markets for Identical Instruments
(Level 1) |
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|
Significant Other Observable Inputs
(Level 2) |
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|
Significant Unobservable Inputs
(Level 3) |
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Total |
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Assets: |
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Inventories(1) |
|
$ |
980,695 |
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$ |
— |
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$ |
— |
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$ |
980,695 |
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Precious metals held under financing arrangements |
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25,530 |
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— |
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— |
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25,530 |
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Derivative assets — open sale and purchase commitments, net |
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|
37,957 |
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— |
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— |
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|
37,957 |
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Derivative assets — futures contracts |
|
|
832 |
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|
— |
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— |
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|
832 |
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Derivative assets — forward contracts |
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|
39,092 |
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— |
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— |
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39,092 |
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Option to purchase interest in a long-term investment |
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|
— |
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— |
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5,300 |
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|
5,300 |
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Total assets, valued at fair value |
|
$ |
1,084,106 |
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|
$ |
— |
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|
$ |
5,300 |
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$ |
1,089,406 |
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Liabilities: |
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Liabilities on borrowed metals |
|
$ |
21,642 |
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$ |
— |
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$ |
— |
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$ |
21,642 |
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Product financing arrangements |
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|
335,831 |
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— |
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— |
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|
335,831 |
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Derivative liabilities — open sale and purchase commitments, net |
|
|
853 |
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— |
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— |
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|
853 |
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Derivative liabilities — margin accounts |
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|
4,441 |
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— |
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— |
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|
4,441 |
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Derivative liabilities — futures contracts |
|
|
1,161 |
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— |
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— |
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|
1,161 |
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Derivative liabilities — forward contracts |
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|
1,621 |
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— |
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— |
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|
1,621 |
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Total liabilities, valued at fair value |
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$ |
365,549 |
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|
$ |
— |
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|
$ |
— |
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$ |
365,549 |
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(1)
Commemorative coin inventory totaling $0.9 million was held at lower of cost or net realizable value, and thus is excluded from the inventories balance shown in this table.
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