| 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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September 30, 2024 |
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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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$ |
1,274,196 |
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$ |
— |
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$ |
— |
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$ |
1,274,196 |
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Precious metals held under financing arrangements |
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27,354 |
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— |
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— |
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27,354 |
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Derivative assets — open sale and purchase commitments, net |
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105,083 |
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— |
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— |
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105,083 |
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Derivative assets — futures contracts |
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61 |
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— |
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— |
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61 |
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Derivative assets — forward contracts |
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3,577 |
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— |
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— |
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|
3,577 |
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Total assets, valued at fair value |
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$ |
1,410,271 |
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$ |
— |
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$ |
— |
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|
$ |
1,410,271 |
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Liabilities: |
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Liabilities on borrowed metals |
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$ |
39,487 |
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$ |
— |
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$ |
— |
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$ |
39,487 |
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Product financing arrangements |
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|
541,744 |
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|
— |
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|
— |
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|
541,744 |
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Derivative liabilities — open sale and purchase commitments, net |
|
|
10,663 |
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|
|
— |
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|
— |
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|
10,663 |
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Derivative liabilities — margin accounts |
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|
8,770 |
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— |
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— |
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|
8,770 |
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Derivative liabilities — futures contracts |
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|
7,231 |
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— |
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— |
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|
7,231 |
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Derivative liabilities — forward contracts |
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|
19,381 |
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— |
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— |
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19,381 |
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Acquisition-related contingent consideration |
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|
— |
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|
— |
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|
|
2,280 |
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|
2,280 |
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Total liabilities, valued at fair value |
|
$ |
627,276 |
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|
$ |
— |
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|
$ |
2,280 |
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|
$ |
629,556 |
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(1)
Commemorative coin inventory totaling $3.1 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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June 30, 2024 |
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|
|
Quoted Price in Active Markets for Identical Instruments
(Level 1) |
|
|
Significant Other Observable Inputs
(Level 2) |
|
|
Significant Unobservable Inputs
(Level 3) |
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Total |
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Assets: |
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Inventories (1) |
|
$ |
1,093,908 |
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|
$ |
— |
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$ |
— |
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|
$ |
1,093,908 |
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Precious metals held under financing arrangements |
|
|
22,066 |
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— |
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|
— |
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|
22,066 |
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Derivative assets — open sale and purchase commitments, net |
|
|
98,012 |
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|
|
— |
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|
— |
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|
98,012 |
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Derivative assets — futures contracts |
|
|
1,557 |
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— |
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— |
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|
1,557 |
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Derivative assets — forward contracts |
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|
15,151 |
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— |
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— |
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|
15,151 |
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Total assets, valued at fair value |
|
$ |
1,230,694 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
1,230,694 |
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Liabilities: |
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Liabilities on borrowed metals |
|
$ |
31,993 |
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$ |
— |
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$ |
— |
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$ |
31,993 |
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Product financing arrangements |
|
|
517,744 |
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— |
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— |
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|
517,744 |
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Derivative liabilities — open sale and purchase commitments, net |
|
|
7,690 |
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— |
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— |
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|
7,690 |
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Derivative liabilities — margin accounts |
|
|
4,766 |
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— |
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— |
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|
4,766 |
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Derivative liabilities — futures contracts |
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|
39 |
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|
— |
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|
— |
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|
39 |
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Derivative liabilities — forward contracts |
|
|
14,256 |
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— |
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— |
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|
14,256 |
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Acquisition-related contingent consideration |
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|
— |
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|
— |
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|
|
2,430 |
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|
2,430 |
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Total liabilities, valued at fair value |
|
$ |
576,488 |
|
|
$ |
— |
|
|
$ |
2,430 |
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|
$ |
578,918 |
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(1)
Commemorative coin inventory totaling $3.2 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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