| 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, 2025 |
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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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$ |
1,142,812 |
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$ |
— |
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$ |
— |
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$ |
1,142,812 |
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Derivative assets — open sale and purchase commitments, net |
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390,126 |
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— |
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— |
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390,126 |
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Derivative assets — futures contracts |
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7 |
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— |
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— |
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7 |
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Derivative assets — forward contracts |
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41 |
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— |
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— |
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41 |
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Total assets, valued at fair value |
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$ |
1,532,986 |
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$ |
— |
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$ |
— |
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$ |
1,532,986 |
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Liabilities: |
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Liabilities on borrowed metals |
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$ |
58,649 |
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$ |
— |
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$ |
— |
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$ |
58,649 |
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Product financing arrangements |
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377,028 |
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— |
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— |
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377,028 |
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Derivative liabilities — open sale and purchase commitments, net |
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51,228 |
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— |
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— |
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51,228 |
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Derivative liabilities — margin accounts |
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|
8,333 |
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— |
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— |
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|
8,333 |
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Derivative liabilities — futures contracts |
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|
53,388 |
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— |
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— |
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53,388 |
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Derivative liabilities — forward contracts |
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|
100,904 |
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— |
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— |
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|
100,904 |
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Acquisition-related contingent consideration |
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— |
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— |
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|
3,059 |
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|
3,059 |
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Stock payable liability |
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|
1,730 |
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— |
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— |
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|
1,730 |
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Total liabilities, valued at fair value |
|
$ |
651,260 |
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|
$ |
— |
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|
$ |
3,059 |
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$ |
654,319 |
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(1)
Collectible coin inventory totaling $80.3 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, 2025 |
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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) |
|
$ |
1,211,352 |
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$ |
— |
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$ |
— |
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$ |
1,211,352 |
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Derivative assets — open sale and purchase commitments, net |
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|
129,784 |
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— |
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— |
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129,784 |
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Derivative assets — futures contracts |
|
|
4,326 |
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|
— |
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— |
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|
4,326 |
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Derivative assets — forward contracts |
|
|
405 |
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— |
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— |
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|
405 |
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Total assets, valued at fair value |
|
$ |
1,345,867 |
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|
$ |
— |
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$ |
— |
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$ |
1,345,867 |
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Liabilities: |
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Liabilities on borrowed metals |
|
$ |
46,051 |
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$ |
— |
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$ |
— |
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$ |
46,051 |
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Product financing arrangements |
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|
484,733 |
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— |
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— |
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|
484,733 |
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Derivative liabilities — open sale and purchase commitments, net |
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|
15,495 |
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— |
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— |
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|
15,495 |
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Derivative liabilities — margin accounts |
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|
4,169 |
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— |
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— |
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|
4,169 |
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Derivative liabilities — futures contracts |
|
|
109 |
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— |
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— |
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|
109 |
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Derivative liabilities — forward contracts |
|
|
76,404 |
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— |
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— |
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|
76,404 |
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Acquisition-related contingent consideration |
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|
— |
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— |
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|
7,890 |
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|
7,890 |
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Stock payable liability |
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|
1,484 |
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— |
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— |
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|
1,484 |
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Total liabilities, valued at fair value |
|
$ |
628,445 |
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|
$ |
— |
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|
$ |
7,890 |
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|
$ |
636,335 |
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(1)
Collectible coin inventory totaling $68.2 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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