Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.24.3
Cash, Cash Equivalents and Restricted Cash (Tables)
 9 Months Ended
Sep. 30, 2024
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Schedule of Restricted Cash and Cash Equivalents
The following table presents the Company’s restricted cash balances as of September 30, 2024 and December 31, 2023:
(in thousands) September 30,
2024		 December 31,
2023
Restricted cash balances held by trading counterparties:
For securities trading activity $ 450  $ 450 
For derivatives trading activity 26,649  1,669 
For servicing activities 47,963  50,345 
As restricted collateral for borrowings
 13,998  12,575 
Total restricted cash balances held by trading counterparties 89,060  65,039 
Restricted cash balance pursuant to letter of credit on office lease 65  62 
Total $ 89,125  $ 65,101 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) September 30,
2024		 December 31,
2023
Cash and cash equivalents $ 522,581  $ 729,732 
Restricted cash 89,125  65,101 
Total cash, cash equivalents and restricted cash $ 611,706  $ 794,833