| 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 as of December 31, 2021 and June 30, 2021, aggregated by each fair value hierarchy level:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
|
|
Quoted |
|
|
|
|
|
|
|
|
|
|
|
|
Price in |
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets |
|
|
Significant Other |
|
|
Significant |
|
|
|
|
|
|
for Identical |
|
|
Observable |
|
|
Unobservable |
|
|
|
|
|
|
Instruments |
|
|
Inputs |
|
|
Inputs |
|
|
|
|
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Inventories(1) |
|
$ |
557,458 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
557,458 |
|
Precious metals held under financing arrangements |
|
|
88,620 |
|
|
|
— |
|
|
|
— |
|
|
|
88,620 |
|
Derivative assets — open sale and purchase commitments, net |
|
|
12,009 |
|
|
|
— |
|
|
|
— |
|
|
|
12,009 |
|
Derivative assets — futures contracts |
|
|
7,183 |
|
|
|
— |
|
|
|
— |
|
|
|
7,183 |
|
Derivative assets — forward contracts |
|
|
5,536 |
|
|
|
— |
|
|
|
— |
|
|
|
5,536 |
|
Total assets, valued at fair value |
|
$ |
670,806 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
670,806 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities on borrowed metals |
|
$ |
67,434 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
67,434 |
|
Product financing arrangements |
|
|
155,779 |
|
|
|
— |
|
|
|
— |
|
|
|
155,779 |
|
Derivative liabilities — open sale and purchase commitments, net |
|
|
36,113 |
|
|
|
— |
|
|
|
— |
|
|
|
36,113 |
|
Derivative liabilities — margin accounts |
|
|
4,623 |
|
|
|
— |
|
|
|
— |
|
|
|
4,623 |
|
Derivative liabilities — futures contracts |
|
|
1,766 |
|
|
|
— |
|
|
|
— |
|
|
|
1,766 |
|
Derivative liabilities — forward contracts |
|
|
5,249 |
|
|
|
— |
|
|
|
— |
|
|
|
5,249 |
|
Total liabilities, valued at fair value |
|
$ |
270,964 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
270,964 |
|
(1)
Commemorative coin inventory totaling $886 thousand is held at lower of cost or realizable value, and thus is excluded from the inventories balance shown in this table.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2021 |
|
|
|
Quoted |
|
|
|
|
|
|
|
|
|
|
|
|
Price in |
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets |
|
|
Significant Other |
|
|
Significant |
|
|
|
|
|
|
for Identical |
|
|
Observable |
|
|
Unobservable |
|
|
|
|
|
|
Instruments |
|
|
Inputs |
|
|
Inputs |
|
|
|
|
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Inventories(1) |
|
$ |
457,613 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
457,613 |
|
Precious metals held under financing arrangements |
|
|
154,742 |
|
|
|
— |
|
|
|
— |
|
|
|
154,742 |
|
Derivative assets — open sale and purchase commitments, net |
|
|
38,340 |
|
|
|
— |
|
|
|
— |
|
|
|
38,340 |
|
Derivative assets — futures contracts |
|
|
4,510 |
|
|
|
— |
|
|
|
— |
|
|
|
4,510 |
|
Derivative assets — forward contracts |
|
|
1,686 |
|
|
|
— |
|
|
|
— |
|
|
|
1,686 |
|
Total assets, valued at fair value |
|
$ |
656,891 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
656,891 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities on borrowed metals |
|
$ |
91,866 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
91,866 |
|
Product financing arrangements |
|
|
201,028 |
|
|
|
— |
|
|
|
— |
|
|
|
201,028 |
|
Derivative liabilities — open sale and purchase commitments, net |
|
|
243 |
|
|
|
— |
|
|
|
— |
|
|
|
243 |
|
Derivative liabilities — margin accounts |
|
|
2,806 |
|
|
|
— |
|
|
|
— |
|
|
|
2,806 |
|
Derivative liabilities — futures contracts |
|
|
465 |
|
|
|
— |
|
|
|
— |
|
|
|
465 |
|
Derivative liabilities — forward contracts |
|
|
4,025 |
|
|
|
— |
|
|
|
— |
|
|
|
4,025 |
|
Total liabilities, valued at fair value |
|
$ |
300,433 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
300,433 |
|
(1)
Commemorative coin inventory totaling $406 thousand is held at lower of cost or net realizable value, and thus is excluded from the inventories balance shown in this table.
|