| 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):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
|
Quoted Price in Active Markets for Identical Instruments
(Level 1) |
|
|
Significant Other Observable Inputs
(Level 2) |
|
|
Significant Unobservable Inputs
(Level 3) |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Inventories(1) |
|
$ |
1,000,087 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,000,087 |
|
Precious metals held under financing arrangements |
|
|
19,279 |
|
|
|
— |
|
|
|
— |
|
|
|
19,279 |
|
Derivative assets — open sale and purchase commitments, net |
|
|
10,976 |
|
|
|
— |
|
|
|
— |
|
|
|
10,976 |
|
Derivative assets — futures contracts |
|
|
23,264 |
|
|
|
— |
|
|
|
— |
|
|
|
23,264 |
|
Derivative assets — forward contracts |
|
|
53,333 |
|
|
|
— |
|
|
|
— |
|
|
|
53,333 |
|
Option to purchase interest in a long-term investment |
|
|
— |
|
|
|
— |
|
|
|
5,300 |
|
|
|
5,300 |
|
Total assets, valued at fair value |
|
$ |
1,106,939 |
|
|
$ |
— |
|
|
$ |
5,300 |
|
|
$ |
1,112,239 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities on borrowed metals |
|
$ |
21,727 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
21,727 |
|
Product financing arrangements |
|
|
389,615 |
|
|
|
— |
|
|
|
— |
|
|
|
389,615 |
|
Derivative liabilities — open sale and purchase commitments, net |
|
|
16,259 |
|
|
|
— |
|
|
|
— |
|
|
|
16,259 |
|
Derivative liabilities — margin accounts |
|
|
3,972 |
|
|
|
— |
|
|
|
— |
|
|
|
3,972 |
|
Derivative liabilities — forward contracts |
|
|
186 |
|
|
|
— |
|
|
|
— |
|
|
|
186 |
|
Total liabilities, valued at fair value |
|
$ |
431,759 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
431,759 |
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
|
|
Quoted Price in Active Markets for Identical Instruments
(Level 1) |
|
|
Significant Other Observable Inputs
(Level 2) |
|
|
Significant Unobservable Inputs
(Level 3) |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Inventories(1) |
|
$ |
980,695 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
980,695 |
|
Precious metals held under financing arrangements |
|
|
25,530 |
|
|
|
— |
|
|
|
— |
|
|
|
25,530 |
|
Derivative assets — open sale and purchase commitments, net |
|
|
37,957 |
|
|
|
— |
|
|
|
— |
|
|
|
37,957 |
|
Derivative assets — futures contracts |
|
|
832 |
|
|
|
— |
|
|
|
— |
|
|
|
832 |
|
Derivative assets — forward contracts |
|
|
39,092 |
|
|
|
— |
|
|
|
— |
|
|
|
39,092 |
|
Option to purchase interest in a long-term investment |
|
|
— |
|
|
|
— |
|
|
|
5,300 |
|
|
|
5,300 |
|
Total assets, valued at fair value |
|
$ |
1,084,106 |
|
|
$ |
— |
|
|
$ |
5,300 |
|
|
$ |
1,089,406 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities on borrowed metals |
|
$ |
21,642 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
21,642 |
|
Product financing arrangements |
|
|
335,831 |
|
|
|
— |
|
|
|
— |
|
|
|
335,831 |
|
Derivative liabilities — open sale and purchase commitments, net |
|
|
853 |
|
|
|
— |
|
|
|
— |
|
|
|
853 |
|
Derivative liabilities — margin accounts |
|
|
4,441 |
|
|
|
— |
|
|
|
— |
|
|
|
4,441 |
|
Derivative liabilities — future contracts |
|
|
1,161 |
|
|
|
— |
|
|
|
— |
|
|
|
1,161 |
|
Derivative liabilities — forward contracts |
|
|
1,621 |
|
|
|
— |
|
|
|
— |
|
|
|
1,621 |
|
Total liabilities, valued at fair value |
|
$ |
365,549 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
365,549 |
|
(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.
|