v3.26.1
BUSINESS SEGMENTS - Schedule of reportable segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Total revenues $ 239,117 $ 225,302 $ 591,177 $ 411,365
Direct cost of services (29,364) (33,216) (61,066) (75,916)
Cost of goods sold (31,361) (35,113) (63,726) (71,846)
Employee compensation and benefits (88,587) (89,142) (175,754) (181,125)
Professional services (11,947) (11,654) (28,423) (29,878)
Occupancy-related costs (9,281) (14,278) (19,764) (26,602)
Depreciation and amortization (7,548) (8,645) (15,137) (18,646)
Other selling, general and administrative expenses (16,014) (18,650) (28,647) (53,506)
Restructuring charges (1,914) (321) (1,914) (321)
Impairment of tradename (4,000) (1,500) (4,000) (1,500)
Interest expense - Securities lending and loan participations sold (906) (1,968) (1,623) (2,687)
Operating income (loss) 38,195 10,815 191,123 (50,662)
Operating Segments        
Segment Reporting [Line Items]        
Operating income (loss) 38,195 10,815 191,123 (50,662)
Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues 26,311 19,902 50,039 50,010
Direct cost of services (3,265) (3,642) (6,485) (13,718)
Cost of goods sold (308) (365) (684) (3,952)
Employee compensation and benefits (12,365) (14,474) (27,049) (34,665)
Professional services (9,653) (8,766) (23,217) (24,066)
Occupancy-related costs (3,032) (4,701) (6,475) (8,029)
Depreciation and amortization (717) (848) (1,430) (2,498)
Other selling, general and administrative expenses 2,302 2,938 4,359 (5,743)
Restructuring charges 0 (285) 0 (285)
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold 0 (313) 0 (538)
Operating income (loss) (727) (10,554) (10,942) (43,484)
Services and fees        
Segment Reporting [Line Items]        
Total revenues 173,595 145,772 325,717 304,611
Services and fees | Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues 22,126 13,700 37,509 41,108
Trading gains (losses), net        
Segment Reporting [Line Items]        
Total revenues 12,874 27,680 157,935 11,509
Trading gains (losses), net | Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues (740) 1,231 (1,078) 1,714
Fair value adjustments on loans        
Segment Reporting [Line Items]        
Total revenues 4,245 800 10,790 (7,296)
Fair value adjustments on loans | Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues 3,494 800 10,039 (4,165)
Interest income - loans        
Segment Reporting [Line Items]        
Total revenues 2,171 3,853 3,885 7,049
Interest income - loans | Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues 1,144 3,853 2,851 6,984
Interest income - securities lending        
Segment Reporting [Line Items]        
Total revenues 1,632 2,124 2,883 2,964
Interest income - securities lending | Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Revenues - Sale of goods        
Segment Reporting [Line Items]        
Total revenues 44,600 45,073 89,967 92,528
Revenues - Sale of goods | Corporate & All Other        
Segment Reporting [Line Items]        
Total revenues 287 318 718 4,369
Consumer Products        
Segment Reporting [Line Items]        
Restructuring charges       (36)
Communications Segment | Corporate & All Other        
Segment Reporting [Line Items]        
Restructuring charges       (285)
Total Reportable Segments | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 212,806 205,400 541,138 361,355
Direct cost of services (26,099) (29,574) (54,581) (62,198)
Cost of goods sold (31,053) (34,748) (63,042) (67,894)
Employee compensation and benefits (76,222) (74,668) (148,705) (146,460)
Professional services (2,294) (2,888) (5,206) (5,812)
Occupancy-related costs (6,249) (9,577) (13,289) (18,573)
Depreciation and amortization (6,831) (7,797) (13,707) (16,148)
Other selling, general and administrative expenses (18,316) (21,588) (33,006) (47,763)
Restructuring charges (1,914) (36) (1,914) (36)
Impairment of tradename (4,000) (1,500) (4,000) (1,500)
Interest expense - Securities lending and loan participations sold (906) (1,655) (1,623) (2,149)
Operating income (loss) 38,922 21,369 202,065 (7,178)
Total Reportable Segments | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 151,469 132,072 288,208 263,503
Total Reportable Segments | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 13,614 26,449 159,013 9,795
Total Reportable Segments | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 751 0 751 (3,131)
Total Reportable Segments | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 1,027 0 1,034 65
Total Reportable Segments | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 1,632 2,124 2,883 2,964
Total Reportable Segments | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 44,313 44,755 89,249 88,159
Capital Markets        
Segment Reporting [Line Items]        
Restructuring charges (1,757)   (1,757)  
Capital Markets | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 53,712 61,292 225,823 63,392
Direct cost of services 0 0 0 0
Cost of goods sold 0 0 0 0
Employee compensation and benefits (28,182) (29,259) (54,373) (50,963)
Professional services (366) (923) (896) (1,491)
Occupancy-related costs (1,593) (1,636) (3,231) (3,675)
Depreciation and amortization (197) (680) (474) (1,361)
Other selling, general and administrative expenses (7,593) (9,919) (13,116) (22,276)
Restructuring charges (1,757) 0 (1,757) 0
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold (906) (1,655) (1,623) (2,149)
Operating income (loss) 13,118 17,220 150,353 (18,523)
Capital Markets | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 45,939 37,919 81,489 59,511
Capital Markets | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 4,363 21,249 139,666 3,983
Capital Markets | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 751 0 751 (3,131)
Capital Markets | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 1,027 0 1,034 65
Capital Markets | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 1,632 2,124 2,883 2,964
Capital Markets | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Wealth Management        
Segment Reporting [Line Items]        
Restructuring charges (29)   (29)  
Wealth Management | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 57,953 38,621 110,128 85,899
Direct cost of services 0 0 0 0
Cost of goods sold 0 0 0 0
Employee compensation and benefits (33,266) (29,499) (64,453) (63,169)
Professional services (255) (582) (511) (991)
Occupancy-related costs (1,946) (4,513) (4,117) (7,995)
Depreciation and amortization (384) (411) (769) (1,417)
Other selling, general and administrative expenses (4,555) (4,935) (6,747) (11,922)
Restructuring charges (29) 0 (29) 0
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating income (loss) 17,518 (1,319) 33,502 405
Wealth Management | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 48,702 33,421 90,781 80,087
Wealth Management | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 9,251 5,200 19,347 5,812
Wealth Management | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Wealth Management | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Wealth Management | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Wealth Management | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Lingo | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 38,788 39,907 79,578 81,460
Direct cost of services (21,306) (22,957) (44,969) (48,121)
Cost of goods sold 0 0 0 0
Employee compensation and benefits (4,016) (4,884) (8,591) (9,656)
Professional services (28) (149) (55) (343)
Occupancy-related costs (549) (757) (1,243) (1,615)
Depreciation and amortization (3,213) (3,329) (6,431) (6,646)
Other selling, general and administrative expenses (4,357) (4,904) (9,206) (9,753)
Restructuring charges 0 0 0 0
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating income (loss) 5,319 2,927 9,083 5,326
Lingo | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 38,788 39,907 79,578 81,460
Lingo | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Lingo | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Lingo | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Lingo | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Lingo | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
magicJack | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 8,567 9,777 17,350 19,578
Direct cost of services (1,698) (1,868) (3,405) (3,858)
Cost of goods sold (274) (316) (556) (650)
Employee compensation and benefits (642) (762) (1,367) (1,506)
Professional services (297) (313) (626) (794)
Occupancy-related costs (345) (385) (697) (756)
Depreciation and amortization (846) (878) (1,693) (1,758)
Other selling, general and administrative expenses (292) (165) (582) (550)
Restructuring charges 0 0 0 0
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating income (loss) 4,173 5,090 8,424 9,706
magicJack | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 8,281 9,473 16,754 18,919
magicJack | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
magicJack | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
magicJack | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
magicJack | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
magicJack | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 286 304 596 659
Marconi Wireless | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 7,368 9,232 14,905 18,719
Direct cost of services (2,211) (3,738) (4,428) (8,034)
Cost of goods sold (497) (1,401) (1,026) (2,584)
Employee compensation and benefits (311) (748) (679) (1,502)
Professional services (74) (93) (151) (178)
Occupancy-related costs (444) (621) (931) (1,246)
Depreciation and amortization (469) (483) (939) (966)
Other selling, general and administrative expenses (365) (343) (677) (660)
Restructuring charges 0 0 0 0
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating income (loss) 2,997 1,805 6,074 3,549
Marconi Wireless | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 6,878 8,065 13,904 16,606
Marconi Wireless | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Marconi Wireless | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Marconi Wireless | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Marconi Wireless | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Marconi Wireless | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 490 1,167 1,001 2,113
UOL | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 2,881 3,287 5,702 6,920
Direct cost of services (884) (1,011) (1,779) (2,185)
Cost of goods sold 0 0 0 0
Employee compensation and benefits (201) (358) (331) (603)
Professional services (30) (28) (72) (40)
Occupancy-related costs (158) (182) (309) (353)
Depreciation and amortization (21) (64) (44) (136)
Other selling, general and administrative expenses (98) (94) (205) (199)
Restructuring charges 0 0 0 0
Impairment of tradename 0 0 0 0
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating income (loss) 1,489 1,550 2,962 3,404
UOL | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 2,881 3,287 5,702 6,920
UOL | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
UOL | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
UOL | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
UOL | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
UOL | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Consumer Products        
Segment Reporting [Line Items]        
Restructuring charges (128)   (128)  
Consumer Products | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 43,537 43,284 87,652 85,387
Direct cost of services 0 0 0 0
Cost of goods sold (30,282) (33,031) (61,460) (64,660)
Employee compensation and benefits (9,604) (9,158) (18,911) (19,061)
Professional services (1,244) (800) (2,895) (1,975)
Occupancy-related costs (1,214) (1,483) (2,761) (2,933)
Depreciation and amortization (1,701) (1,952) (3,357) (3,864)
Other selling, general and administrative expenses (1,056) (1,228) (2,473) (2,403)
Restructuring charges (128) (36) (128) (36)
Impairment of tradename (4,000) (1,500) (4,000) (1,500)
Interest expense - Securities lending and loan participations sold 0 0 0 0
Operating income (loss) (5,692) (5,904) (8,333) (11,045)
Consumer Products | Services and fees | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Consumer Products | Trading gains (losses), net | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Consumer Products | Fair value adjustments on loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Consumer Products | Interest income - loans | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Consumer Products | Interest income - securities lending | Operating Segments        
Segment Reporting [Line Items]        
Total revenues 0 0 0 0
Consumer Products | Revenues - Sale of goods | Operating Segments        
Segment Reporting [Line Items]        
Total revenues $ 43,537 $ 43,284 $ 87,652 $ 85,387