Steel Partners (SPLP) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-35493
Entity Registrant Name	STEEL PARTNERS HOLDINGS L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3727655
Entity Address, Address Line One	590 Madison Avenue, 32nd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	212
Local Phone Number	520-2300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		21,565,772
Entity Central Index Key	0001452857
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Entity Listings [Line Items]
Title of 12(b) Security	Common Units, no par value
Trading Symbol	SPLP
Security Exchange Name	NYSE
Series A Preferred Units
Entity Listings [Line Items]
Title of 12(b) Security	6.0% Series A Preferred Units
Trading Symbol	SPLP-PRA
Security Exchange Name	NYSE

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 224,324,000	$ 135,788,000
Marketable securities	0	106,000
Trade and other receivables - net of allowance for doubtful accounts of $3,321 and $3,368, respectively	203,500,000	164,106,000
Receivables from related parties	3,122,000	2,073,000
Loans receivable, including loans held for sale of $141,092 and $88,171, respectively, net	410,255,000	306,091,000
Inventories, net	157,935,000	137,086,000
Prepaid expenses and other current assets	51,298,000	58,053,000
Total current assets	1,050,434,000	803,303,000
Long-term loans receivable, net	1,947,423,000	2,183,017,000
Goodwill	148,032,000	150,852,000
Other intangible assets, net	128,860,000	138,581,000
Deferred tax assets	19,758,000	66,553,000
Other non-current assets	44,779,000	42,068,000
Property, plant and equipment, net	220,306,000	228,992,000
Operating lease right-of-use assets	27,016,000	29,715,000
Long-term investments	281,633,000	291,297,000
Total Assets	3,868,241,000	3,934,378,000
Current liabilities:
Accounts payable	130,496,000	100,759,000
Accrued liabilities	67,012,000	69,967,000
Deposits	270,548,000	285,393,000
Payables to related parties	1,183,000	4,080,000
Short-term debt	523,000	397,000
Current portion of long-term debt	10,269,000	10,361,000
Other current liabilities	52,919,000	46,044,000
Total current liabilities	532,950,000	517,001,000
Long-term deposits	140,404,000	70,266,000
Long-term debt	281,871,000	323,392,000
Other borrowings	1,969,687,000	2,090,223,000
Preferred unit liability	148,221,000	146,892,000
Accrued pension liabilities	143,915,000	183,462,000
Deferred tax liabilities	2,176,000	2,169,000
Long-term operating lease liabilities	19,209,000	21,845,000
Other non-current liabilities	37,179,000	39,906,000
Total Liabilities	3,275,612,000	3,395,156,000
Commitments and Contingencies
Capital:
Partners' capital common units: 21,561,800 and 22,920,804 issued and outstanding (after deducting 16,268,123 and 14,916,635 units held in treasury, at cost of $247,857 and $219,245), respectively	759,605,000	707,309,000
Accumulated other comprehensive loss	(172,252,000)	(172,649,000)
Total Partners' Capital	587,353,000	534,660,000
Noncontrolling interests in consolidated entities	5,276,000	4,562,000
Total Capital	592,629,000	539,222,000
Total Liabilities and Capital	$ 3,868,241,000	$ 3,934,378,000

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,321	$ 3,368
Loans held-for-sale	$ 141,092	$ 88,171
Common units issued (in shares)	21,561,800	22,920,804
Common units outstanding (in shares)	21,561,800	22,920,804
Common units held in treasury (in shares)	16,268,123	14,916,635
Common units held in treasury, cost	$ 247,857	$ 219,245

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue:
Total revenue	$ 386,433		$ 294,373		$ 700,926	$ 641,583
Costs and expenses:
Cost of goods sold	250,597		196,224		459,282	417,072
Selling, general and administrative expenses	74,588		72,139		143,388	148,067
Asset impairment charges	0		0		0	617
Finance interest expense	2,627		3,475		4,859	6,909
(Benefit from) provision for loan losses	(1,567)		14,253		(2,282)	40,390
Interest expense	5,504		7,722		10,970	16,349
Realized and unrealized (gains) losses on securities, net	(4,470)		8,482		18,779	26,484
Other income, net	(854)		(2,000)		(35,893)	(2,967)
Total costs and expenses	326,425		300,295		599,103	652,921
Income (loss) from continuing operations before income taxes and equity method investments	60,008		(5,922)		101,823	(11,338)
Income tax provision (benefit)	35,413		(1,046)		50,007	(4,490)
(Income) loss of associated companies, net of taxes	(2,840)		(4,893)		(28,961)	29,614
Net income (loss) from continuing operations	27,435		17		80,777	(36,462)
Gain (loss) from discontinued operations, net of taxes	128		(280)		128	(2,581)
Net loss on deconsolidation of discontinued operations	0		(980)		0	(22,948)
Net gain (loss) from discontinued operations, net of taxes	128		(1,260)		128	(25,529)
Net income (loss)	27,563	$ 53,342	(1,243)	$ (60,748)	80,905	(61,991)
Net income attributable to noncontrolling interests in consolidated entities (continuing operations)	(323)		(191)		(714)	(321)
Net income (loss) attributable to common unitholders	$ 27,240		$ (1,434)		$ 80,191	$ (62,312)
Net income (loss) per common unit - basic
Net income (loss) from continuing operations (in dollars per share)	$ 1.24		$ (0.01)		$ 3.60	$ (1.48)
Net income (loss) from discontinued operations (in dollars per share)	0.01		(0.05)		0.01	(1.03)
Net income (loss) attributable to common unitholders (in dollars per share)	1.25		(0.06)		3.61	(2.51)
Net income (loss) per common unit - diluted
Net income (loss) from continuing operations (in dollars per share)	1.02		(0.01)		2.67	(1.48)
Net income (loss) from discontinued operations (in dollars per share)	0.01		(0.05)		0.01	(1.03)
Net income (loss) attributable to common unitholders (in dollars per share)	$ 1.03		$ (0.06)		$ 2.68	$ (2.51)
Weighted-average number of common units outstanding - basic (in shares)	21,829,714		24,958,026		22,222,557	24,989,440
Weighted-average number of common units outstanding - diluted (in shares)	29,561,237		24,958,026		32,243,510	24,989,440
Diversified Industrial net sales
Revenue:
Total revenue	$ 305,759		$ 251,108		$ 554,248	$ 512,718
Energy net revenue
Revenue:
Total revenue	41,768		14,302		73,854	52,904
Financial Services revenue
Revenue:
Total revenue	$ 38,906		$ 28,963		$ 72,824	$ 75,961

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 27,563	$ 53,342	$ (1,243)	$ (60,748)	$ 80,905	$ (61,991)
Other comprehensive loss, net of taxes:
Currency translation adjustments	614		1,373		397	(1,563)
Other comprehensive income (loss)	614		1,373		397	(1,563)
Comprehensive income (loss)	28,177		130		81,302	(63,554)
Comprehensive income attributable to noncontrolling interests	(323)		(191)		(714)	(321)
Comprehensive income (loss) attributable to common unitholders	$ 27,854		$ (61)		$ 80,588	$ (63,875)

Consolidated Statement of Chang

Consolidated Statement of Changes in Capital (unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)		22,920,804			22,920,804
Balance at beginning of year	$ 592,710	$ 539,222	$ 420,592	$ 466,633	$ 539,222	$ 466,633
Net income	27,563	53,342	(1,243)	(60,748)	$ 80,905	(61,991)
Currency translation adjustments	614	(217)	1,373	(2,936)
Equity compensation - restricted units	354	363	49	104
Purchases of SPLP common units	$ (28,612)
Deconsolidation of API (see Note 3)				17,481
Other, net			25	58
Balance at end of period (in shares)	21,561,800				21,561,800
Balance at end of year	$ 592,629	592,710	420,796	420,592	$ 592,629	420,796
Total Partners' Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	587,757	534,660	416,596	462,827	534,660	462,827
Net income	27,240	52,951	(1,434)	(60,878)
Currency translation adjustments	614	(217)	1,373	(2,936)
Equity compensation - restricted units	354	363	49	104
Purchases of SPLP common units	(28,612)
Deconsolidation of API (see Note 3)				17,481
Other, net			(3)	(2)
Balance at end of year	$ 587,353	$ 587,757	$ 416,581	$ 416,596	$ 587,353	$ 416,581
Common Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	37,866,027	37,837,439	37,661,138	37,670,992	37,837,439	37,670,992
Equity compensation - restricted units (in shares)	36,104	28,588	84,021	9,854
Balance at end of period (in shares)	37,829,923	37,866,027	37,577,117	37,661,138	37,829,923	37,577,117
Treasury Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	14,916,635	14,916,635	12,647,864	12,647,864	14,916,635	12,647,864
Balance at beginning of year	$ (219,245)	$ (219,245)	$ (198,781)	$ (198,781)	$ (219,245)	$ (198,781)
Purchases of SPLP common units (in shares)	(1,351,488)
Purchases of SPLP common units	$ (28,612)
Balance at end of period (in shares)	16,268,123	14,916,635	12,647,864	12,647,864	16,268,123	12,647,864
Balance at end of year	$ (247,857)	$ (219,245)	$ (198,781)	$ (198,781)	$ (247,857)	$ (198,781)
Partners' Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	760,623	707,309	593,473	654,249	707,309	654,249
Net income	27,240	52,951	(1,434)	(60,878)
Equity compensation - restricted units	354	363	49	104
Purchases of SPLP common units	(28,612)
Other, net			(3)	(2)
Balance at end of year	759,605	760,623	592,085	593,473	759,605	592,085
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	(172,866)	(172,649)	(176,877)	(191,422)	(172,649)	(191,422)
Currency translation adjustments	614	(217)	1,373	(2,936)
Deconsolidation of API (see Note 3)				17,481
Balance at end of year	(172,252)	(172,866)	(175,504)	(176,877)	(172,252)	(175,504)
Noncontrolling Interests in Consolidated Entities
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	4,953	4,562	3,996	3,806	4,562	3,806
Net income	323	391	191	130
Other, net			28	60
Balance at end of year	$ 5,276	$ 4,953	$ 4,215	$ 3,996	$ 5,276	$ 4,215

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 80,905	$ (61,991)
Net gain (loss) from discontinued operations, net of taxes	128	(25,529)
Net income (loss) from continuing operations	80,777	(36,462)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
(Benefit from) provision for loan losses	(2,282)	40,390
(Income) loss of associated companies, net of taxes	(28,961)	29,614
Realized and unrealized losses on securities, net	18,779	26,484
Gain on sale of Edge business	(8,096)	0
Gain on sale of property, plant and equipment	(6,646)	0
Derivative gains on economic interests in loans	(2,605)	(2,660)
Deferred income taxes	42,598	(6,816)
Depreciation and amortization	30,199	32,480
Non-cash lease expense	5,269	4,743
Equity-based compensation	717	256
Asset impairment charges	0	617
Other	1,482	2,425
Net change in operating assets and liabilities:
Trade and other receivables	(42,642)	9,708
Inventories	(22,484)	5,746
Prepaid expenses and other assets	8,890	1,746
Accounts payable, accrued and other liabilities	(7,077)	(2,014)
Net (increase) decrease in loans held for sale	(52,921)	153,635
Net cash provided by operating activities - continuing operations	14,997	259,892
Net cash provided by (used in) operating activities - discontinued operations	128	(1,671)
Total cash provided by operating activities	15,125	258,221
Cash flows from investing activities:
Purchases of investments	(9,018)	(6,363)
Proceeds from sales of investments	24,217	2,327
Proceeds from maturities of investments	4,235	27,206
Loan originations, net of collections	186,633	(2,023,616)
Purchases of property, plant and equipment	(13,925)	(11,035)
Proceeds from sale of property, plant and equipment	6,979	3,067
Proceeds from sale of Edge business	16,000	0
Acquisition, net of cash acquired	0	(3,500)
Net cash provided by (used in) investing activities - continuing operations	215,121	(2,011,914)
Net cash provided by (used in) investing activities - discontinued operations	0	0
Net cash provided by (used in) investing activities	215,121	(2,011,914)
Cash flows from financing activities:
Net revolver (repayments) borrowings	(36,374)	33,654
Repayments of term loans	(5,113)	(6,477)
Purchases of the Company's common units	(28,612)	0
Repayments of other borrowings	(1,174,657)	0
Proceeds from other borrowings	1,053,980	2,032,236
Distribution to preferred unitholders	(4,817)	(40,000)
Deferred finance charges	0	(1,474)
Net increase (decrease) in deposits	55,293	(296,714)
Net cash (used in) provided by financing activities - continuing operations	(140,300)	1,721,225
Net cash used in financing activities - discontinued operations	0	0
Net cash (used in) provided by financing activities	(140,300)	1,721,225
Net change for the period	89,946	(32,468)
Effect of exchange rate changes on cash and cash equivalents	(1,410)	84
Cash, cash equivalents and restricted cash at beginning of period	135,788	137,948
Cash, cash equivalents and restricted cash at end of period	$ 224,324	$ 105,564

Nature of the Business and Basi

Nature of the Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of the Business and Basis of Presentation	NATURE OF THE BUSINESS AND BASIS OF PRESENTATION Nature of the Business Steel Partners Holdings L.P. ("SPLP" or "Company") is a diversified global holding company that engages in multiple businesses through consolidated subsidiaries and other interests. It owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking and youth sports. SPLP operates through the following segments: Diversified Industrial, Energy and Financial Services, which are managed separately and offer different products and services. For additional details related to the Company's reportable segments, see Note 18 - "Segment Information." Steel Partners Holdings GP Inc. ("SPH GP"), a Delaware corporation, is the general partner of SPLP and is wholly-owned by SPLP. The Company is managed by SP General Services LLC ("Manager"), pursuant to the terms of an amended and restated management agreement ("Management Agreement") discussed in further detail in Note 17 - "Related Party Transactions." Impact of COVID-19 The ongoing COVID-19 pandemic is a continuously evolving situation around the world and has negatively impacted and could continue to negatively impact the global economy. While the negative effects from the COVID-19 pandemic in the first half of 2020 were material to the Company's operating results, the Company experienced sales growth during the second half of 2020 and first half of 2021. The Company’s operating results will be subject to fluctuations based upon general economic conditions and the extent to which COVID-19 may impact its business will depend on future developments, which are highly uncertain and cannot be predicted, such as the duration and severity of the pandemic, governmental actions that have been taken, or may be taken in the future, in response to the pandemic, and the extent and severity of the impact on the Company's customers and suppliers. The Company continues to actively monitor the COVID-19 pandemic and its potential impacts on the Company's employees, customers, suppliers and financial results. During the year ended December 31, 2020, as the COVID-19 pandemic progressed, the Company initiated many cost reducing actions to help mitigate the financial impact of the pandemic. The Company continues to evaluate further or continued actions as circumstances warrant. Basis of Presentation The accompanying unaudited consolidated financial statements as of June 30, 2021 and for the three and six-month periods ended June 30, 2021 and 2020, which have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC") for interim periods, include the accounts of the Company and its consolidated subsidiaries. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation have been reflected herein. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements on Form 10-K for the year ended December 31, 2020, from which the consolidated balance sheet as of December 31, 2020 has been derived. The Company’s fiscal quarter ends on the last day of the calendar quarter; however, for certain subsidiaries of the Company, the fiscal quarter periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year. The Company and all its subsidiaries close their books for fiscal years on December 31. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"), but is not required for interim reporting purposes, has been condensed or omitted. Management must make estimates and assumptions that affect the consolidated financial statements and the related footnote disclosures. While management uses its best judgment, actual results may differ from those estimates. Certain reclassifications have been made to the prior period financial statements and notes to conform to the current period presentation. Restatement For Correction of Immaterial Errors in Previously Issued Consolidated Financial Statements As previously disclosed in the Company’s Form 10-K for the year ended December 31, 2020, during the fourth quarter of 2020, in connection with the preparation of the consolidated financial statements for the year ended December 31, 2020, the Company identified errors in its previously filed annual consolidated financial statements and unaudited quarterly consolidated financial statements. The errors were not material to any individual prior quarterly or annual period. The prior period errors are related primarily to a division of the Company's Electrical Products business within the Diversified Industrial segment ("Electrical Products Misstatements") and were primarily the result of: (1) divisional management override of internal controls, (2) improper segregation of duties, including failure to obtain independent review of recorded accounting entries and accounting analyses and (3) inadequate documentation and support for and/or untimely preparation of account reconciliations. The Electrical Products Misstatements resulted in: (1) improper valuation of inventories and trade receivables, including the related allowance for doubtful accounts; (2) improper recognition of revenue on contracts performed over time; (3) accounts payable and associated expenses not recorded accurately or in the appropriate period; and (4) other errors. The Company assessed the materiality of the errors in its historical annual consolidated financial statements in accordance with SEC Staff Accounting Bulletin ("SAB") Topic 1.M, Materiality , codified in Accounting Standards Codification ("ASC") 250, Accounting Changes and Error Corrections , and concluded that the errors were not material to the previously filed annual consolidated financial statements or corresponding unaudited interim periods but would be material in the aggregate if corrected solely in the consolidated financial statements as of and for the year ended December 31, 2020. In accordance with ASC 250 (SAB Topic 1.N, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements) , the Company corrected for these errors by revising previously filed 2019 annual consolidated financial statements, including the impact to beginning Partners' capital, in connection with the filing of its 2020 Annual Report on Form 10-K. The revised annual consolidated financial statements also included adjustments to correct certain other immaterial errors, including errors that had previously been adjusted for and disclosed as out of period corrections in the period identified. Additionally, in connection with the filing of this Quarterly Report on Form 10-Q, the Company has disclosed the impact of the restatement to the consolidated interim financial statements as of and for the three and six months ended June 30, 2020, to correct for the errors. The accompanying footnotes have also been corrected to reflect the impact of the revisions of the previously filed 2020 interim consolidated financial statements. Refer to Note 21 - "Restatement of Previously Issued Consolidated Financial Statements" for reconciliations between as reported and as revised quarterly amounts. Discontinued Operations On January 31, 2020, the Company announced that API Group Limited and certain of its affiliates commenced administration proceedings in the United Kingdom. The purpose of the administration proceedings was to facilitate an orderly sale or wind-down of its United Kingdom operations, which include API Laminates Limited and API Foils Holdings Limited. In the United States, API Americas Inc. voluntarily filed for Chapter 11 proceedings in Bankruptcy Court on February 2, 2020, in order to facilitate the sale or liquidation of its U.S. assets. The API Americas Inc. Chapter 11 bankruptcy proceedings were closed by the Bankruptcy Court on December 21, 2020. The API entities (collectively, "API") were wholly-owned subsidiaries of the Company and were included in the Diversified Industrial segment. The Company deconsolidated API on January 31, 2020 as it no longer held a controlling financial interest as of that date. All references made to financial data in this Quarterly Report on Form 10-Q are to the Company's continuing operations, unless specifically noted. See Note 3 - "Discontinued Operations" for additional information. Adoption of New Accounting Standards In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 removes specific exceptions to the general principles in Topic 740 in order to reduce the complexity of its application. ASU 2019-12 also improves consistency and simplifies existing guidance by clarifying and amending certain specific areas of Topic 740. The Company adopted ASU 2019-12 on January 1, 2021 and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. ASU 2020-01 clarifies the interaction between accounting standards related to equity securities, equity method investments and certain derivatives, and is expected to reduce diversity in practice and increase comparability of the accounting for these interactions. The Company adopted ASU 2020-01 on January 1, 2021, and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Accounting Standards Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This new standard changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments, including trade receivables, from an incurred loss model to an expected loss model and adds certain new required disclosures. Under the expected loss model, entities will recognize estimated credit losses over the entire contractual term of the instrument rather than delaying recognition of credit losses until it is probable the loss has been incurred. In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief. ASU 2019-05 provides entities with an option to irrevocably elect the fair value option, applied on an instrument-by-instrument basis for eligible instruments, that are within the scope of Subtopic 326-20, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. The new standards were to be effective for the Company's 2020 fiscal year. In November 2019, the FASB issued ASU 2019-10, Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates . This new standard amended the effective date of Topic 326 for smaller reporting companies until January 1, 2023. A company's determination about whether it is eligible to be a smaller reporting company is based on its most recent determination as of November 15, 2019, in accordance with SEC regulations. As of this date, the Company met the SEC definition of a smaller reporting company. Therefore, the Company will not be required to adopt Topic 326 until January 1, 2023. The Company is currently evaluating the potential impact of this new guidance; however, it expects that it could have a significant impact on the Company's allowance for loan losses ("ALLL"). In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans. ASU 2018-14 modifies the disclosure requirements for employers that sponsor defined benefit pension and other post-retirement plans. The amendments in ASU 2018-14 are effective for the Company's 2021 fiscal year end. Because ASU 2018-14 affects disclosure only, management does not expect that the adoption of this standard will have a material impact on the Company's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 is intended to provide temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by the discontinuation of the London Interbank Offered Rate, known as LIBOR, or by another reference rate expected to be discontinued. This guidance is effective beginning on March 12, 2020, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues	REVENUES Disaggregation of Revenues Revenues are disaggregated at the Company's segment level since the segment categories depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. For additional details related to the Company's reportable segments, see Note 18 - "Segment Information." The following table presents the Company's revenues disaggregated by geography for the three and six months ended June 30, 2021 and 2020. The Company's revenues are primarily derived domestically. Foreign revenues are based on the country in which the legal subsidiary generating the revenue is domiciled. Revenue from any single foreign country was not material to the Company's consolidated financial statements. Three Months Ended Six Months Ended 2021 2020 2021 2020 United States $ 360,126 $ 273,454 $ 655,994 $ 601,053 Foreign 26,307 20,919 44,932 40,530 Total revenue $ 386,433 $ 294,373 $ 700,926 $ 641,583 Contract Balances Differences in the timing of revenue recognition, billings and cash collections result in billed trade receivables, unbilled receivables (contract assets) and deferred revenue (contract liabilities) on the consolidated balance sheets. Contract Assets Unbilled receivables arise when the timing of billings to customers differs from the timing of revenue recognition, such as when the Company recognizes revenue over time before a customer can be billed. Contract assets are classified as Prepaid expenses and other current assets on the consolidated balance sheets. As of June 30, 2021 and December 31, 2020, the contract asset balance was $11,929 and $17,119, respectively. Contract Liabilities The Company records deferred revenues when cash payments are received or due in advance of the Company's performance, including amounts that are refundable, which are recorded as contract liabilities. Contract liabilities are classified as Other current liabilities on the consolidated balance sheets, based on the timing of when the Company expects to recognize revenue. Contract Liabilities Balance at December 31, 2020 $ 7,707 Deferral of revenue 7,807 Recognition of unearned revenue (8,136) Balance at June 30, 2021 $ 7,378 Balance at December 31, 2019 $ 6,820 Deferral of revenue 7,579 Recognition of unearned revenue (6,431) Balance at June 30, 2020 $ 7,968

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONS On January 31, 2020, the Company announced that API Group Limited and certain of its affiliates commenced administration proceedings in the U.K. The purpose of the administration proceedings is to facilitate an orderly sale or wind-down of its U.K. operations, which include API Laminates Limited and API Foils Holdings Limited. In the U.S., API Americas Inc. voluntarily filed for Chapter 11 proceedings in Bankruptcy Court on February 2, 2020, in order to facilitate the sale or liquidation of its U.S. assets. The API Americas Inc. Chapter 11 bankruptcy proceedings were closed by the Bankruptcy Court on December 21, 2020. The API entities were wholly-owned subsidiaries of the Company and part of the Diversified Industrial segment. The Company deconsolidated API on January 31, 2020 as it no longer held a controlling financial interest as of that date. On the date of the deconsolidation, the Company believed that API became a variable interest entity. The Company determined at deconsolidation that it was not the primary beneficiary of API as the Company no longer held a controlling financial interest in API and the Company lacked significant decision-making ability. The components of Net gain (loss) from discontinued operations, net of taxes in the accompanying consolidated statements of operations are: Three Months Ended Six Months Ended 2021 2020 2021 2020 Gain (loss) from operations of discontinued operation $ 128 $ (280) $ 128 $ (2,581) Gain upon initial deconsolidation of API — — — 30,516 Loss from guarantee liability — (980) — (53,464) Net gain (loss) from discontinued operations, net of taxes $ 128 $ (1,260) $ 128 $ (25,529) All amounts associated with API have been removed from the Company's financial statements and footnotes, and reported in discontinued operations as described herein. The following represents the detail of Gain (loss) from discontinued operations, net of taxes in the accompanying consolidated statements of operations: Three Months Ended Six Months Ended 2021 2020 2021 2020 Revenue $ — $ — $ — $ 6,388 Costs and expenses: Cost of goods sold — — — 6,085 Selling, general and administrative expenses (128) 280 (128) 2,499 Other expenses, net — — — 385 Total costs and expenses (128) 280 (128) 8,969 Gain (loss) before income taxes 128 (280) 128 (2,581) Income tax benefit — — — — Gain (loss) from discontinued operations, net of taxes $ 128 $ (280) $ 128 $ (2,581)

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURES Acquisition On January 23, 2020, the Company, through its wholly-owned subsidiary, OMG, Inc. ("OMG"), completed the acquisition of Metallon, Inc. ("Metallon"), which is in the business of manufacturing plugs for the composite exterior deck market, for a cash purchase price of $3,500. The assets acquired included goodwill of $2,300, other intangible assets, primarily unpatented technology, of $800 and property, plant and equipment of $400. No liabilities or contingent consideration were included in the acquisition. Prior to the acquisition, Metallon was the exclusive supplier of plugs to OMG for composite exterior decks, and this acquisition will provide OMG with additional control of its supply chain, production costs and overall product margin. OMG is included in the Company's Diversified Industrial segment. The goodwill of $2,300 is expected to be deductible for income tax purposes. The final purchase price and purchase price allocation of Metallon were finalized as of September 30, 2020, with no significant changes to preliminary amounts. Divestiture On February 1, 2021, the Company completed the sale of its Edge business for a sales price of $16,000, subject to a working capital adjustment. The Company recognized a pre-tax gain of $8,096 which is presented in Other income, net in the consolidated statement of operations during the three months ended March 31, 2021. Edge provided roofing edge products and components utilized in the securement of perimeter roof edges and was part of the Company's OMG business in the Diversified Industrial segment. Edge recognized net sales of $17,534 and operating income of $1,250 for the year ended December 31, 2020.

Loans Receivable, Including Loa

Loans Receivable, Including Loans Held For Sale	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans Receivable, Including Loans Held For Sale	LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE Major classifications of Loans receivable, including loans held for sale, held by WebBank as of June 30, 2021 and December 31, 2020 are as follows: Total Current Non-current June 30, 2021 % December 31, 2020 % June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Loans held for sale $ 141,092 $ 88,171 $ 141,092 $ 88,171 $ — $ — Commercial real estate loans $ 775 — % $ 672 — % — — 775 672 Commercial and industrial 2,112,991 95 % 2,279,672 94 % 202,519 221,469 1,910,472 2,058,203 Consumer loans 118,201 5 % 147,652 6 % 82,024 23,510 36,176 124,142 Total loans 2,231,967 100 % 2,427,996 100 % 284,543 244,979 1,947,423 2,183,017 Less: Allowance for loan losses (15,380) (27,059) (15,380) (27,059) — — Total loans receivable, net $ 2,216,587 $ 2,400,937 269,163 217,920 1,947,423 2,183,017 Loans receivable, including loans held for sale (a) $ 410,255 $ 306,091 $ 1,947,423 $ 2,183,017 (a) The carrying value is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $2,359,540 and $2,498,218 as of June 30, 2021 and December 31, 2020, respectively. Loans with a carrying value of approximately $68,410 and $23,248 were pledged as collateral for potential borrowings as of June 30, 2021 and December 31, 2020, respectively. WebBank serviced $2,813 and $2,828 in loans for others as of June 30, 2021 and December 31, 2020, respectively. WebBank sold loans classified as loans held for sale of $4,513,036 and $6,919,881 during the six months ended June 30, 2021 and 2020, respectively. The sold loans were derecognized from the consolidated balance sheets. Loans classified as loans held for sale primarily consist of consumer and small business loans. Amounts added to loans held for sale during the same periods were $4,572,063 and $6,768,053, respectively. The reduction in activity for loans held for sale as of June 30, 2021 reflects the impact of reduced lending by WebBank's partners due to the economic impact of the COVID-19 pandemic. Such factors include lower sales volumes at WebBank's partners as well as tightening their credit policies. This in turn has reduced the volume of loans being initiated by, and then sold by, WebBank. Allowance for Loan Losses The ALLL represents an estimate of probable and estimable losses inherent in the loan portfolio as of the balance sheet date. Losses are charged to the ALLL when incurred. Generally, commercial loans are charged off or charged down when they are determined to be uncollectible in whole or in part. Consumer term loans are charged off at 120 days past due and open-end consumer and small and medium business loans are charged off at 180 days past due unless the loan is well secured and in the process of collection. The amount of the ALLL is established by analyzing the portfolio at least quarterly, and a provision for or reduction of loan losses is recorded so that the ALLL is at an appropriate level at the balance sheet date. The methodologies used to estimate the ALLL depend upon the impairment status and portfolio segment of the loan. Loan groupings are created for each loan class and are then graded against historical and industry loss rates. After applying historic loss experience, the quantitatively derived level of ALLL is reviewed for each segment using qualitative criteria. Various risk factors are tracked that influence our judgment regarding the level of the ALLL across the portfolio segments. Primary qualitative factors that may be reflected in the quantitative models include: • Asset quality trends • Risk management and loan administration practices • Portfolio management and controls • Effect of changes in the nature and volume of the portfolio • Changes in lending policies and underwriting policies • Existence and effect of any portfolio concentrations • National economic business conditions and other macroeconomic adjustments • Regional and local economic and business conditions • Data availability and applicability • Industry monitoring • Value of underlying collateral Changes in the level of the ALLL reflect changes in these factors. The magnitude of the impact of each of these factors on the qualitative assessment of the ALLL changes from quarter to quarter according to the extent these factors are already reflected in historic loss rates and according to the extent these factors diverge from one another. Also considered is the uncertainty inherent in the estimation process when evaluating the ALLL. WebBank's ALLL decreased $4,604, or 23%, during the three months ended June 30, 2021 and decreased $11,679 or 43% during the six months ended June 30, 2021. This decrease was driven by lower than expected COVID-19 related losses and higher paydowns, which allowed WebBank to release a portion of the allowance for COVID-19 related qualitative and environmental factors. WebBank continues to monitor the impact of the COVID-19 pandemic on its loan portfolio and anticipates potential future economic disruption associated with the pandemic. WebBank believes there remains a potential for broad negative impact on the macro-economy that may cause estimated credit losses to materially differ from historical loss experience. Changes in the ALLL are summarized as follows: Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2020 $ 22 $ 9,293 $ 17,744 $ 27,059 Charge-offs — (3,607) (3,669) (7,276) Recoveries 6 514 396 916 (Benefit) Provision (6) 1,038 (1,747) (715) March 31, 2021 22 7,238 12,724 19,984 Charge-offs — (1,821) (2,470) (4,291) Recoveries 6 885 363 1,254 (Benefit) Provision (6) 808 (2,369) (1,567) June 30, 2021 $ 22 $ 7,110 $ 8,248 $ 15,380 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2019 $ 24 $ 10,920 $ 25,738 $ 36,682 Charge-offs — (3,898) (7,301) (11,199) Recoveries 1 149 653 803 (Benefit) Provision (2) 11,945 14,194 26,137 March 31, 2020 23 19,116 33,284 52,423 Charge-offs — (2,315) (6,153) (8,468) Recoveries 10 170 572 752 (Benefit) Provision (12) 4,940 9,325 14,253 June 30, 2020 $ 21 $ 21,911 $ 37,028 $ 58,960 The ALLL and outstanding loan balances according to the Company's impairment method are summarized as follows: June 30, 2021 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ 10 $ 163 $ — $ 173 Collectively evaluated for impairment 12 6,947 8,248 15,207 Total $ 22 $ 7,110 $ 8,248 $ 15,380 Outstanding loan balances: Individually evaluated for impairment $ 10 $ 2,555 $ — $ 2,565 Collectively evaluated for impairment 765 2,110,436 118,201 2,229,402 Total $ 775 $ 2,112,991 $ 118,201 $ 2,231,967 December 31, 2020 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ 10 $ 129 $ — $ 139 Collectively evaluated for impairment 12 9,164 17,744 26,920 Total $ 22 $ 9,293 $ 17,744 $ 27,059 Outstanding loan balances: Individually evaluated for impairment $ 10 $ 1,283 $ — $ 1,293 Collectively evaluated for impairment 662 2,278,389 147,652 2,426,703 Total $ 672 $ 2,279,672 $ 147,652 $ 2,427,996 Nonaccrual and Past Due Loans Commercial and industrial loans past due for 90 days or more while still accruing interest were $3,316 and $7,369 at June 30, 2021 and December 31, 2020, respectively. Consumer loans past due 90 days or more and still accruing interest were $523 and $1,332 at June 30, 2021 and December 31, 2020, respectively. The Company did not have any nonaccrual loans at June 30, 2021 or December 31, 2020. Past due loans (accruing and nonaccruing) are summarized as follows: June 30, 2021 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 775 $ — $ — $ — $ 775 $ — $ — Commercial and industrial 2,105,395 4,280 3,316 7,596 2,112,991 3,316 — Consumer loans 115,963 1,715 523 2,238 118,201 523 — Total loans $ 2,222,133 $ 5,995 $ 3,839 $ 9,834 $ 2,231,967 $ 3,839 $ — December 31, 2020 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 672 $ — $ — $ — $ 672 $ — $ — Commercial and industrial 2,265,150 7,153 7,369 14,522 2,279,672 7,369 — Consumer loans 142,418 3,902 1,332 5,234 147,652 1,332 — Total loans $ 2,408,240 $ 11,055 $ 8,701 $ 19,756 $ 2,427,996 $ 8,701 $ — (a) Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected. Credit Quality Indicators In addition to the past due and nonaccrual criteria, loans are analyzed using a loan grading system. Generally, internal grades are assigned to commercial loans based on the performance of the loans, financial/statistical models and loan officer judgment. For consumer loans and some commercial and industrial loans, the primary credit quality indicator is payment status. Reviews and grading of loans with unpaid principal balances of $100 or more is performed once per year. Grades follow definitions of Pass, Special Mention, Substandard and Doubtful, which are consistent with published definitions of regulatory risk classifications. The definitions of Pass, Special Mention, Substandard and Doubtful are summarized as follows: • Pass : An asset in this category is a higher quality asset and does not fit any of the other categories described below. The likelihood of loss is considered remote. • Special Mention : An asset in this category has a specific weakness or problem but does not currently present a significant risk of loss or default as to any material term of the loan or financing agreement. • Substandard : An asset in this category has a developing or minor weakness or weaknesses that could result in loss or default if deficiencies are not corrected or adverse conditions arise. • Doubtful : An asset in this category has an existing weakness or weaknesses that have developed into a serious risk of significant loss or default with regard to a material term of the financing agreement. Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows: June 30, 2021 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 765 $ — $ 10 $ — $ 775 Commercial and industrial 211,040 1,895,588 3,808 2,555 — 2,112,991 Consumer loans 118,201 — — — — 118,201 Total loans $ 329,241 $ 1,896,353 $ 3,808 $ 2,565 $ — $ 2,231,967 December 31, 2020 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 662 $ — $ 10 $ — $ 672 Commercial and industrial 194,338 2,080,623 3,428 1,283 — 2,279,672 Consumer loans 147,652 — — — — 147,652 Total loans $ 341,990 $ 2,081,285 $ 3,428 $ 1,293 $ — $ 2,427,996 Impaired Loans Loans are considered impaired when, based on current information and events, it is probable that WebBank will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement, including scheduled interest payments. When loans are impaired, an estimate of the amount of the balance that is impaired is made. A specific reserve is assigned to the loan based on the estimated present value of the loan's future cash flows discounted at the loan's effective interest rate, the observable market price of the loan or the fair value of the loan's underlying collateral less the cost to sell. When the impairment is based on the fair value of the loan's underlying collateral, the portion of the balance that is impaired is charged off, such that these loans do not have a specific reserve in the ALLL. Payments received on impaired loans that are accruing are recognized in interest income, in accordance with the contractual loan agreement. WebBank recognized $68 and $77 on impaired loans for the six months ended June 30, 2021 and 2020, respectively. Payments received on impaired loans that are nonaccruing are not recognized in interest income, but are applied as a reduction of the principal outstanding. Payments are recognized when cash is received. Information on impaired loans is summarized as follows: Recorded Investment June 30, 2021 Unpaid Principal With No With Total Recorded Related Average Recorded Commercial real estate loans $ 10 $ — $ 10 $ 10 $ 10 $ 11 Commercial and industrial 2,555 — 2,555 2,555 163 1,726 Total loans $ 2,565 $ — $ 2,565 $ 2,565 $ 173 $ 1,737 Recorded Investment December 31, 2020 Unpaid Principal With No With Total Recorded Related Average Recorded Commercial real estate loans $ 10 $ — $ 10 $ 10 $ 10 $ 11 Commercial and industrial 1,283 — 1,283 1,283 129 2,319 Total loans $ 1,293 $ — $ 1,293 $ 1,293 $ 139 $ 2,330 During the six months ended June 30, 2021, WebBank continued issuing loans under the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP"), primarily with one of its lending partners, authorized under the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. The loans were funded by the PPP Liquidity Facility, have terms of between two and five years, and their repayment is guaranteed by the SBA. Payments by borrowers on the loans can begin up to 16 months after the note date, and interest will continue to accrue during the 16-month deferment at 1%. Loans can be forgiven in whole or in part (up to full principal and any accrued interest) if certain criteria are met. Loan processing fees paid to WebBank from the SBA are accounted for as loan origination fees. Net deferred fees are recognized over the life of the loan as yield adjustments on the loans. If a loan is paid off or forgiven by the SBA prior to its maturity date, the remaining unamortized deferred fees will be recognized in interest income at that time. The PPP loans are included in Commercial and industrial loans in the table above. As of June 30, 2021, the total PPP loans and associated liabilities were $1,839,821 and $1,965,305, respectively, and included in Long-term loans receivable, net, and Other borrowings, respectively, in the consolidated balance sheet as of June 30, 2021. As of December 31, 2020, the total PPP loans and associated liabilities were $2,047,769 and $2,090,223, respectively, and included in Long-term loans receivable, net, and Other borrowings, respectively, in the consolidated balance sheet as of December 31, 2020. Upon borrower forgiveness, the SBA pays WebBank for the principal and accrued interest owed on the loan. The timing of loan forgiveness is uncertain at this time, but borrower forgiveness applications and SBA processing is expected over the next several quarters. As the PPP continues to evolve, changes to the loan terms and exercise of loan forgiveness may materially impact the outstanding loan balances and the effective yield. The Company is offering loan modifications to assist borrowers during the COVID-19 pandemic. The CARES Act along with the interagency statement issued by the federal banking agencies provides that loan modifications made in response to COVID-19 do not need to be accounted for as a troubled debt restructuring ("TDR"). Accordingly, the Company does not account for such loan modifications as TDRs. The Company's loan modifications allow for payment deferrals, payment reduction, and settlements amongst others. As of June 30, 2021, the Company had granted loan modifications on $10,271 of loans. The program is ongoing and additional loans continue to be granted modifications. The Company granted approximately $8,127 short–term deferments on loan balances of $10,271, which represent 0.46% of total loan balances as of June 30, 2021. These loan modifications are not classified as TDRs and will not be reported as past due provided that they are performing in accordance with the modified terms.

Inventories, Net

Inventories, Net	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories, Net	INVENTORIES, NET A summary of Inventories, net is as follows: June 30, 2021 December 31, 2020 Finished products $ 36,890 $ 41,894 In-process 31,248 24,590 Raw materials 50,659 39,613 Fine and fabricated precious metal in various stages of completion 42,121 34,269 160,918 140,366 LIFO reserve (2,983) (3,280) Total $ 157,935 $ 137,086 Fine and Fabricated Precious Metal Inventory In order to produce certain of its products, the Company purchases, maintains and utilizes precious metal inventory. The Company records certain precious metal inven tory at the lower of last-in-first-out ("LIFO") cost or market value, with any adjustments recorded through Cost of goods sold. Remaining precious metal inventory is accounted for primarily at fair value. The Company obtains certain precious metals under a fee consignment agreement. As of June 30, 2021 and December 31, 2020, the Company had approximately $30,662 and $25,919, respectively, of precious metals, principally silver, under consignment, which are recorded at fair value in Inventories, net with a corresponding liability for the same amount recorded in Accounts payable on the Company's consolidated balance sheets. Fees charged under the consignment agreement are recorded in Interest expense in the Company's consolidated statements of operations. The Company continues to monitor the impact of COVID-19 on our customers and our inventory levels and related reserves. June 30, 2021 December 31, 2020 Supplemental inventory information: Precious metals stated at LIFO cost $ 3,950 $ 4,956 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 35,188 $ 26,033 Market value per ounce: Silver $ 26.02 $ 26.28 Gold $ 1,777.76 $ 1,891.70 Palladium $ 2,639.69 $ 2,448.54

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	GOODWILL AND OTHER INTANGIBLE ASSETS, NET A summary of the change in the carrying amount of goodwill by reportable segment is as follows: Diversified Industrial Energy Financial Services Corporate and Other Total Balance as of December 31, 2020 Gross goodwill $ 183,181 $ 67,143 $ 6,515 $ 81 $ 256,920 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill 141,903 2,353 6,515 81 150,852 Divestitures (a) (2,813) — — — (2,813) Currency translation adjustments (7) — — — (7) Balance as of June 30, 2021 Gross goodwill 180,361 67,143 6,515 81 254,100 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill $ 139,083 $ 2,353 $ 6,515 $ 81 $ 148,032 (a) Related to the d ivestiture of Edge during the three months ended March 31, 2021. A summary of Other intangible assets, net is as follows: June 30, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 212,752 $ 128,694 $ 84,058 $ 213,984 $ 122,785 $ 91,199 Trademarks, trade names and brand names 50,518 20,529 29,989 51,189 20,209 30,980 Developed technology, patents and patent applications 32,426 20,628 11,798 32,319 19,724 12,595 Other 18,773 15,758 3,015 18,777 14,970 3,807 Total $ 314,469 $ 185,609 $ 128,860 $ 316,269 $ 177,688 $ 138,581 Trademarks with indefinite lives as of June 30, 2021 and December 31, 2020 were $11,384 and $11,405, respectively. Amortization expense related to intangible assets was $4,608 and $5,112 for the three months ended June 30, 2021 and 2020, respectively, and $9,376 and $10,394 for the six months ended June 30, 2021 and 2020, respectively. As a result of COVID-19 related declines in our youth sports business within the Energy segment, intangible assets of $617, primarily customer relationships, were fully impaired during the first three months of 2020. The impairment is included in Asset impairment charges in the accompanying statement of operations for the six months ended June 30, 2020. Based on gross carrying amounts at June 30, 2021, the Company's estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2021 through 2025 is presented in the table below. Year Ending December 31, 2021 2022 2023 2024 2025 Estimated amortization expense $ 20,106 $ 17,887 $ 16,891 $ 16,317 $ 14,902 As of June 30, 2021, the Company reviewed its goodwill, other intangible assets and long-lived assets for indicators of impairment as a result of the impact of the COVID-19 pandemic. The Company reviewed its previous forecasts and assumptions based on its current projections, which are subject to various risks and uncertainties, including forecasted revenues, expenses and cash flows, the duration and extent of the impact to our businesses from the COVID-19 pandemic and the Company's market capitalization. In connection with the Company's 2020 annual fourth quarter goodwill impairment testing and as a result of declines in customer demand in the Performance Materials reporting unit, which is included in the Diversified Industrial segment, the Company determined its fair value was less than its carrying value. The Company partially impaired the Performance Materials reporting units' goodwill and recorded a $1,100 charge in Goodwill impairment charges in the consolidated statement of operations for the year ended December 31, 2020. While the Company did not identify further indicators of impairment for Performance Materials as of June 30, 2021, it may be at risk of further impairment in the future if the business does not perform as expected, including if it does not recover as planned from the COVID-19 pandemic, or if market factors utilized in the impairment test deteriorate, including an unfavorable change in the terminal growth rate or the weighted-average cost of capital. As of June 30, 2021, the Performance Materials' reporting unit had $6,808 of goodwill. Based on the Company's interim impairment assessment as of June 30, 2021, the Company determined that its goodwill, other intangible assets and long-lived assets are not impaired. However, as a result of the COVID-19 pandemic, it is possible in future periods that further declines in market conditions, customer demand or other potential changes in operations may increase the risk that these assets are impaired. The Company performed an interim impairment test of Electrical Products’ goodwill and other long-lived assets as of March 31, 2021 and determined goodwill and other long-lived assets were not impaired. The fair value of the Electrical Products reporting unit was 6% higher than its carrying value as of March 31, 2021. At June 30, 2021, the goodwill related to the Electrical Products reporting unit within the Diversified Industrial segment is at risk of future impairment if the fair value of this reporting unit, and its associated assets, decrease in value due to further economic downturns, decreased customer demand for Electrical Products' services, or an inability to execute management’s business strategies. Future cash flow estimates are, by their nature, subjective, and actual results may differ materially from the Company's estimates. If the Company's ongoing cash flow projections are not met or if market factors utilized in the impairment test deteriorate, including an unfavorable change in the terminal growth rate or the weighted-average cost of capital, the Company may have to record impairment charges in future periods. As of June 30, 2021, the Electrical Products' reporting unit had goodwill of $46,445.

Investments

Investments	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Short-Term Investments The Company's short-term investments primarily consist of its marketable securities portfolio. The classification of marketable securities as a current asset is based on the intended holding period and realizability of the investments. The investments are carried at fair value and totaled $106 as of December 31, 2020. There were no short-term investments as of June 30, 2021. Long-Term Investments The following table summarizes the Company's long-term investments as of June 30, 2021 and December 31, 2020. Ownership % Long-Term Investments Balance June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Corporate securities (a) $ 191,764 $ 210,538 Collateralized debt securities 450 450 Steel Connect, Inc. ("STCN") convertible notes (b) 14,881 14,258 STCN preferred stock (c) 34,718 32,832 STCN common stock 28.8 % 29.0 % 39,820 14,309 Aviat Networks, Inc. ("Aviat") common stock (d) — % 10.1 % — 18,910 Total $ 281,633 $ 291,297 (a) Corporate securities primarily include the Company's investment in the common stock of Aerojet Rocketdyne Holdings, Inc. ("Aerojet"). The Company owned 4.9% and 5.1% of Aerojet common stock as of June 30, 2021 and December 31, 2020, respectively. The fair value of the investment in Aerojet was $189,956 and $208,758 as of June 30, 2021 and December 31, 2020, respectively. Gross unrealized gains for all Corporate securities totaled $178,842 and $145,480 at June 30, 2021 and 2020 . In December 2020, Aerojet's Board of Directors declared a one-time cash dividend of $5.00 per share (the "Pre-Closing Dividend") which was paid on March 24, 2021 to the holders of Aerojet's shares as of the close of business on March 10, 2021. During the three months ended March 31, 2021, the Company recognized the $19,740 Aerojet one-time dividend in Other income, net. (b) Represents investment in STCN convertible notes, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The Company entered into a convertible note with STCN ("STCN Note") on February 28, 2019, which matures on March 1, 2024. The cost basis of the STCN Note totaled $14,943 as of both June 30, 2021 and December 31, 2020. The STCN Note is convertible into shares of STCN's common stock at an initial conversion rate of 421.2655 shares of common stock per $1,000 (whole dollars) principal amount of the STCN Note (which is equivalent to an initial conversion price of approximately $2.37 per share), subject to adjustment upon the occurrence of certain events. The STCN Notes, if converted as of June 30, 2021, when combined with STCN common and preferred shares, also if converted, owned by the Company, would result in the Company having a direct interest of approximately 48.5% of STCN's outstanding shares. (c) Represents investment in shares of STCN preferred stock, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The investment in STCN preferred stock had a cost basis of $35,688 at June 30, 2021 and December 31, 2020. Each share of preferred stock can be converted into shares of STCN's common stock at an initial conversion price equal to $1.96 per share, subject to adjustment upon the occurrence of certain events. (d) During the three months ended March 31, 2021, the Company sold its remaining investment in Aviat for total proceeds of approximately $24,100. (Income) Loss of Associated Companies, Net of Taxes Three Months Ended Six Months Ended 2021 2020 2021 2020 STCN convertible notes $ (35) $ (337) $ (622) $ 3,314 STCN preferred stock 647 (1,130) (1,810) 15,015 STCN common stock (3,452) 2,419 (22,630) 13,870 Aviat common stock — (5,845) (3,899) (2,125) Other — — — (460) Total $ (2,840) $ (4,893) $ (28,961) $ 29,614 The amount of unrealized gains (losses) for the three and six months ended June 30, 2021 and 2020 that relate to equity securities still held as of June 30, 2021 and 2020, respectively, are as follows: Three Months Ended Six Months Ended 2021 2020 2021 2020 Net gains (losses) recognized during the period on equity securities $ 4,470 $ (8,482) $ (18,779) $ (26,484) Less: Net gains (losses) recognized during the period on equity securities sold during the period 43 (27,310) 36 (43,662) Unrealized gains (losses) recognized during the period on equity securities still held at the end of the period $ 4,427 $ 18,828 $ (18,815) $ 17,178 Equity Method Investments The Company's investments in associated companies are accounted for under the equity method of accounting using the fair value option. Associated companies are included in the Corporate and Other in Note 18 - "Segment Information.". Certain associated companies have a fiscal year end that differs from December 31. Additional information for SPLP's significant investments in associated companies is as follows: • STCN is a publicly-traded diversified holding company with two wholly-owned subsidiaries, IWCO Direct Holdings, Inc. ("IWCO") and ModusLink Corporation ("ModusLink"). IWCO delivers data-driven marketing solutions for its customers that offer a full range of services includes strategy, creative and execution for omnichannel marketing campaigns, along with postal logistics programs for direct mail. ModusLink is a supply chain business process management company serving clients in markets such as consumer electronics, communications, computing, medical devices, software and retail. • Aviat designs, manufactures and sells a range of wireless networking solutions and services to mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, public safety agencies and broadcast system operators across the globe. As discussed above, during the three months ended March 31, 2021 the Company sold its remaining interest in Aviat. The following summary (unaudited) statements of operations amounts are for STCN for the three months and six months ended April 30, 2021 and 2020, which are STCN's nearest corresponding full fiscal quarter to the Company's fiscal quarters ended June 30, 2021 and 2020, respectively. Three Months Ended Six Months Ended 2021 2020 2021 2020 Summary operating results: Net revenue $ 151,785 $ 177,351 $ 307,832 $ 392,803 Gross profit 32,247 33,470 $ 68,097 $ 78,719 Net loss $ (27,629) $ (6,159) $ (29,825) $ (9,716) Other Investments WebBank has held-to-maturity ("HTM") debt securities which are carried at amortized cost and included in Other non-current assets on the Company's consolidated balance sheets. The amount and contractual maturities of HTM debt securities are noted in the tables below. Actual maturities may differ from expected or contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. The securities are collateralized by unsecured consumer loans. June 30, 2021 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 21,612 $ 25 $ 21,637 $ 21,612 Contractual maturities within: One year to five years 5,931 Five years to ten years 13,879 After ten years 1,802 Total $ 21,612 December 31, 2020 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 16,868 $ 109 $ 16,977 $ 16,868 Contractual maturities within: One year to five years 7,563 Five years to ten years 7,193 After ten years 2,112 Total $ 16,868 WebBank regularly evaluates each HTM debt security whose value has declined below amortized cost to assess whether the decline in fair value is other-than-temporary. If there is an other-than-temporary impairment in the fair value of any individual security classified as HTM, WebBank writes down the security to fair value with a corresponding credit loss portion charged to earnings, and the corresponding non-credit portion charged AOCI.

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	DEBT The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below: June 30, 2021 December 31, 2020 Short term debt: Foreign $ 523 $ 397 Short-term debt 523 397 Long-term debt: Credit Agreement 290,850 332,350 Other debt - foreign 168 230 Other debt - domestic 1,122 1,173 Subtotal 292,140 333,753 Less: portion due within one year 10,269 10,361 Long-term debt 281,871 323,392 Total debt $ 292,663 $ 334,150 As of June 30, 2021 long-term debt maturities in each of the next five years as follows: Total 2021 2022 2023 2024 2025 Thereafter Long-term debt (a) $ 292,140 $ 10,269 $ 281,871 $ — $ — $ — $ — (a) As of June 30, 2021, long term debt of $10,269 is expected to mature over the following twelve months. As of June 30, 2021, the Company's senior credit agreement, as amended ("Credit Agreement"), includes a revolving credit facility in an aggregate principal amount not to exceed $500,000 and a $177,500 term loan. The Credit Agreement covers substantially all of the Company's subsidiaries, with the exception of WebBank, and includes a $50,000 sub-facility for swing line loans and a $50,000 sub-facility for standby letters of credit. The term loan requires quarterly amortization payments of $2,500. Borrowings under the Credit Agreement bear interest, at the borrower's option, at annual rates of either the Base Rate or the Euro-Rate, as defined, plus an applicable margin as set forth in the Credit Agreement (0.75% and 1.75%), respectively, for Base Rate and Euro-Rate borrowings as of June 30, 2021, and the Credit Agreement provides for a commitment fee of 0.225% to be paid on unused borrowings. The weighted-average interest rate on the Credit Agreement was 1.87% at June 30, 2021. As of June 30, 2021, letters of credit totaling $9,671 had been issued under the Credit Agreement. The primary use of the Company's letters of credit are to support the performance and financial obligations for environmental matters, insurance programs and real estate leases. The Credit Agreement permits the Company to borrow for the dividends on its preferred units, pension contributions and other general corporate expenses. The Company's total availability under the Credit Agreement, which is based upon EBITDA and certain covenants as described in the Credit Agreement, was approximately $376,979 as of June 30, 2021. On November 14, 2022, the Credit Agreement will expire, and all outstanding amounts will be due and payable. The Credit Agreement is gu aranteed by substantially all existing and thereafter acquired assets of the borrowers and the guarantors, as defined in the agreement, and a pledge of all of the issued and outstanding shares of capital stock of each of the borrowers' and guarantors' subsidiaries, and is fully guaranteed by the guarantors. The Credit Agreement is subject to certain mandatory prepayment provisions and restrictive and financial covenants, which include a maximum ratio limit on Total Leverage and a minimum ratio limit on Interest Coverage, each as define d. The Company was in compliance with all financial covenants as of June 30, 2021.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS WebBank - Economic Interests in Loans WebBank's derivative financial instruments represent on-going economic interests in loans made after they are sold. These derivatives are carried at fair value on a gross basis in Other non-current assets on the Company's consolidated balance sheets and are classified within Level 3 in the fair value hierarchy (see Note 15 - "Fair Value Measurements"). As of June 30, 2021, outstanding derivatives mature within three Precious Metal and Commodity Inventories As of June 30, 2021, the Company had the following outstanding forward contracts with settlement dates through July 2021. There were no futures contracts outstanding as of June 30, 2021. Commodity Amount Notional Value Silver (ounces) 29,969 $ 778 Gold (ounces) 1,197 $ 2,127 Palladium (ounces) 1,173 $ 3,013 Copper (pounds) 325,000 $ 1,464 Tin (metric tons) 34 $ 1,063 Fair Value Hedges. Certain forward contracts are accounted for as fair value hedges under Accounting Standards Codification ("ASC") 815, Derivatives and Hedging , for the Company's precious metal inventory carried at fair value. These contracts hedge 25,350 ounces of silver and a majority of the Company's ounces of copper. The fair values of these derivatives are recognized as derivative assets and liabilities on the Company's consolidated balance sheets. The net changes in fair value of the derivative assets and liabilities, and the changes in the fair value of the underlying hedged inventory, are recognized in the Company's consolidated statements of operations, and such amounts principally offset each other due to the effectiveness of the hedges. Economic Hedges. The remaining outstanding forward contracts for silver, and all the contracts for gold, palladium and tin, are accounted for as economic hedges. As these derivatives are not designated as accounting hedges under ASC 815, they are accounted for as derivatives with no hedge designation. The derivatives are marked to market with gains and losses recorded in earnings in the Company's consolidated statements of operations. The economic hedges are associated primarily with the Company's precious metal inventory valued using the LIFO method. Management evaluated counter party risk and believes there is minimal credit risk of default. The Company estimates the fair value of its derivative contracts through the use of market quotes or with the assistance of brokers when market information is not available. The Company maintains collateral on account with the third-party broker which varies in amount depending on the value of open contracts. The fair value and carrying amount of derivative instruments on the Company's consolidated balance sheets are as follows: Fair Value of Derivative Assets (Liabilities) June 30, 2021 December 31, 2020 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as ASC 815 hedges Commodity contracts Prepaid expenses and other current assets $ 78 Accrued liabilities $ (6) Derivatives not designated as ASC 815 hedges Commodity contracts Accrued liabilities $ (125) Accrued liabilities $ (163) Economic interests in loans Other non-current assets $ 9,135 Other non-current assets $ 11,599 The effects of fair value hedge accounting on the consolidated statements of operations for the three and six months ended June 30, 2021 and 2020 are not material. The effects of derivatives not designated as ASC 815 hedging instruments on the consolidated statements of operations for the three and six months ended June 30, 2021 and 2020 are as follows: Derivatives Not Designated as Hedging Instruments: Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income Three Months Ended Six Months Ended 2021 2020 2021 2020 Commodity contracts Other income (expense), net $ (500) $ (329) $ (715) $ (736) Economic interests in loans Financial services revenue 7,682 (320) 9,135 2,660 Total $ 7,182 $ (649) $ 8,420 $ 1,924 Financial Instruments with Off-Balance Sheet Risk WebBank is a party to financial instruments with off-balance sheet risk. In the normal course of business, these financial instruments include commitments to extend credit in the form of loans as part of WebBank's lending arrangements. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized on the consolidated balance sheets. The contractual amounts of those instruments reflect the extent of involvement WebBank has in particular classes of financial instruments. As of June 30, 2021 and December 31, 2020, WebBank's undisbursed loan commitments totaled $90,667 and $170,611, respectively. Commitments to extend credit are agreements to lend to a borrower who meets the lending criteria through one of WebBank's lending agreements, provided there is no violation of any condition established in the contract with the counterparty to the lending arrangement. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since certain of the commitments are expected to expire without the credit being extended, the total commitment amounts do not necessarily represent future cash requirements. WebBank evaluates each prospective borrower's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by WebBank upon extension of credit, is based on management's credit evaluation of the borrower and WebBank's counterparty. WebBank's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. WebBank uses the same credit policy in making commitments and conditional obligations as it does for on balance sheet instruments.

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefits	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Pension and Other Post-Retirement Benefits	PENSION AND OTHER POST-RETIREMENT BENEFITS The Company maintains several qualified and non-qualified pension plans and other post-retirement benefit plans. The following table presents the components of pension expense for the Company's significant pension plans. The Company's other pension and post-retirement benefit plans are not significant individually or in the aggregate. Three Months Ended Six Months Ended 2021 2020 2021 2020 Interest cost $ 1,876 $ 3,275 $ 3,753 $ 6,550 Expected return on plan assets (6,322) (5,574) (12,643) (11,148) Amortization of actuarial loss 2,945 2,849 5,889 5,698 Total $ (1,501) $ 550 $ (3,001) $ 1,100

Capital and Accumulated Other C

Capital and Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Capital and Accumulated Other Comprehensive Loss	CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS As of June 30, 2021, the Company had 21,561,800 Class A units (regular common units) outstanding. Common Unit Repurchase Program The Board of Directors of SPH GP has approved the repurchase of up to an aggregate of 6,519,001 of the Company's common units ("Repurchase Program"), including an increase approved on May 12, 2021 of 1,019,001. The Repurchase Program supersedes and cancels, to the extent any amounts remain available, all previously approved repurchase programs. Any purchases made under the Repurchase Program will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. In connection with the Repurchase Program, the Company may enter into a stock purchase plan. The Repurchase Program has no termination date. The Company repurchased 1,351,488 common units for an aggregate price of approximately $28,612 during the three months and six months ended June 30, 2021. Since inception of the Repurchase Program the Company has purchased 5,709,436 common units for an aggregate price of approximately $82,957. As of June 30, 2021, there remained 809,565 units that may yet be purchased under the Repurchase Program. In July 2021, the Company repurchased 195,305 common units for $5,723. Incentive Award Plan The Company's 2018 Incentive Award Plan ("2018 Plan") provides equity-based compensation through the grant of options to purchase the Company's limited partnership units, unit appreciation rights, restricted units, phantom units, substitute awards, performance awards, other unit-based awards, and includes, as appropriate, any tandem distribution equivalent rights granted with respect to an award (collectively, "LP Units"). On May 18, 2020, the Company's unitholders approved the Amended and Restated 2018 Incentive Award Plan, which increased the number of LP Units issuable under the 2018 Plan by 500,000 to a total of 1,000,000 LP Units. On June 9, 2021, the Company's unitholders approved the Amended and Restated 2018 Incentive Award Plan, which increased the number of LP units issuable under the 2018 Plan by 1,000,000 to a total of 2,000,000. The Company granted 28,000 restricted units on March 10, 2021 under the 2018 Plan. Such units were valued based upon the market value of the Company's LP Units on the date of grant, and collectively represent approximately $324 of unearned compensation that will be recognized as expense ratably over the vesting period of the units. The grants have cliff vesting periods that range from one Preferred Units The Company's 6.0% Series A preferred units, no par value ("SPLP Preferred Units") entitle the holders to a cumulative quarterly cash or in-kind (or a combination thereof) distribution. The Company declared an in-kind distribution of approximately $2,371 to preferred unitholders for the three months ended June 30, 2020. The Company declared cash distributions of approximately $2,409 to preferred unitholders for the three months ended June 30, 2021 and $4,817 and $2,725 to preferred unitholders for the six months ended June 30, 2021 and June 30, 2020, respectively. The SPLP Preferred Units have a term of nine years, ending February 2026, and are redeemable at any time at the Company's option at a $25 liquidation value per unit, plus any accrued and unpaid distributions (payable in cash or SPLP common units, or a combination of both, at the Company's discretion). If redeemed in common units, the number of common units to be issued will be equal to the liquidation value per unit divided by the volume weighted-average price of the common units for 60 days prior to the redemption. The SPLP Preferred Units have no voting rights, except that holders of the preferred units have certain voting rights in limited circumstances relating to the election of directors following the failure to pay six quarterly distributions. The SPLP Preferred Units are recorded as non-current liabilities, including accrued interest expense, on the Company's consolidated balance sheets because they have an unconditional obligation to be redeemed for cash or by issuing a variable number of SPLP common units for a monetary value that is fixed and known at inception. Because the SPLP Preferred Units are classified as liabilities, distributions thereon are recorded as a component of Interest expense in the Company's consolidated statements of operations. As of June 30, 2021 and December 31, 2020, there were 6,422,128 SPLP Preferred Units outstanding. On August 5, 2021, the Board of Directors of SPH GP declared a regular quarterly cash distribution of $0.375 per unit, payable September 15, 2021, to unitholders of record as of September 1, 2021, on its SPLP Preferred Units. Accumulated Other Comprehensive Loss Changes, net of tax, where applicable, in AOCI are as follows: Unrealized loss on available-for-sale debt securities Unrealized (loss) gain on derivative financial instruments Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2020 $ (274) $ — $ (12,828) $ (159,547) $ (172,649) Net other comprehensive loss attributable to common unitholders — — (217) — (217) Balance at March 31, 2021 (274) — (13,045) (159,547) (172,866) Net other comprehensive income attributable to common unitholders — — 614 — 614 Balance at June 30, 2021 $ (274) $ — $ (12,431) $ (159,547) $ (172,252) Unrealized loss on available-for-sale securities Unrealized (loss) gain on derivative financial instruments Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2019 $ (274) $ (14) $ (25,166) $ (165,968) $ (191,422) Net other comprehensive loss attributable to common unitholders — — (2,936) — (2,936) Deconsolidation of API — 14 10,522 6,945 17,481 Balance at March 31, 2020 (274) — (17,580) (159,023) (176,877) Net other comprehensive income attributable to common unitholders — — 1,373 — 1,373 Balance at June 30, 2020 $ (274) $ — $ (16,207) $ (159,023) $ (175,504) Incentive Unit Awards In 2012, SPLP issued to the Manager partnership profits interests in the form of Incentive Units which entitle the holder generally to share in 15% of the increase in the equity value of the Company, based on the volume weighted average price of the Company’s common units for the 20 trading days prior to the year end measurement date. In 2015, the Manager assigned its rights to Incentive Units to a related party, SPH SPV -I LLC. Vesting in Incentive Units is measured annually on the last day of the Company’s fiscal year and is based upon exceeding a baseline equity value per common unit which is currently $19.65 and was determined when the most recent award vested on December 31, 2017. The number of outstanding Incentive Units is equal to 100% of the common units outstanding, including common units held by non-wholly-owned subsidiaries. The measurement date equity value per common unit is determined by calculating the volume weighted average price of the Company’s common units for 20 trading days prior to a measurement date. If an Incentive Unit award vests as of an annual measurement date they will be issued as Class C units. Upon vesting in Incentive Units, the baseline equity value will be recalculated as the new baseline equity value to be assessed at the next annual measurement date. If the baseline equity value is not exceeded as of an annual measurement date, then no portion of annual Incentive Units will be classified as Class C common units for that year and the baseline equity value per common unit will be the same amount as determined upon the prior vesting. The Class C units are identical to the LP Units in all respects, except that net losses are not allocated to a holder of Class C units, liquidating distributions made by the Company to such holder may not exceed the amount of its capital account allocable to such Class C units and such Class C units may not be sold in the public market, until they have converted into LP Units. At such time that the amount of the capital account allocable to a Class C unit is equal to the amount of the capital account allocable to an LP Unit, such Class C unit shall convert automatically into an LP Unit. No Class C common units were vested in 2020. If June 30, 2021, were the annual measurement date, then approximately 1,000,000 Incentive Units would vest and be issued as Class C common units based upon the volume weighted-average price of the Company's common units for 20 trading days prior to June 30, 2021; however, vesting only occurs based on the value of the Company’s common units at the annual measurement date on December 31, 2021, and therefore, more, fewer or no Incentive Units may vest for 2021.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company's tax provision represents the income tax expense or benefit of its consolidated subsidiaries that are taxable entities. Significant differences between the statutory rate and the effective tax rate include partnership losses for which no tax benefit is recognized, the change in unrealized gains on investments, changes in deferred tax valuation allowances and other permanent differences. The Company's consolidated subsidiaries have recorded deferred tax valuation allowances to the extent that they believe it is more likely than not that the benefits of certain deferred tax assets will not be realized in future periods. The Company recorded an income tax provision of $35,413 and an income tax benefit of $1,046 for the three months ended June 30, 2021 and 2020, respectively, and an income tax provision of $50,007 and an income tax benefit of $4,490 for the six months ended June 30, 2021 and 2020, respectively. The Company’s effective tax rate was 59.0% and (17.7)% for the three months ended June 30, 2021 and 2020, respectively, and was 49.1% and (39.6)% for the six months ended June 30, 2021 and 2020, respectively. The higher effective tax rate for the six months ended June 30, 2021 is primarily due to an increase in U.S. tax expense related to unrealized gains on investments. The Company incurred pre-tax losses for the six months ended June 30, 2020 which resulted in a negative effective tax rate. Excluding the impact of the unrealized gains on investments, the estimated annual effective tax rate is expected to be approximately 27%.

Net Income (Loss) Per Common Un

Net Income (Loss) Per Common Unit	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Unit	NET INCOME (LOSS) PER COMMON UNIT The following data was used in computing net income (loss) per common unit shown in the Company's consolidated statements of operations: Three Months Ended Six Months Ended 2021 2020 2021 2020 Net income (loss) from continuing operations $ 27,435 $ 17 $ 80,777 $ (36,462) Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (323) (191) (714) (321) Net income (loss) from continuing operations attributable to common unitholders 27,112 (174) 80,063 (36,783) Net gain (loss) from discontinued operations attributable to common unitholders 128 (1,260) 128 (25,529) Net income (loss) attributable to common unitholders 27,240 (1,434) 80,191 (62,312) Effect of dilutive securities: Interest expense from SPLP Preferred Units (a), (b) 3,076 — 6,145 — Net income (loss) attributable to common unitholders – assuming dilution $ 30,316 $ (1,434) $ 86,336 $ (62,312) Net income (loss) per common unit - basic Net income (loss) from continuing operations $ 1.24 $ (0.01) $ 3.60 $ (1.48) Net income (loss) from discontinued operations 0.01 (0.05) 0.01 (1.03) Net income (loss) attributable to common unitholders $ 1.25 $ (0.06) $ 3.61 $ (2.51) Net income (loss) per common unit - diluted Net income (loss) from continuing operations $ 1.02 $ (0.01) $ 2.67 $ (1.48) Net income (loss) from discontinued operations 0.01 (0.05) 0.01 (1.03) Net income (loss) attributable to common unitholders $ 1.03 $ (0.06) $ 2.68 $ (2.51) Denominator for net income (loss) per common unit – basic 21,829,714 24,958,026 22,222,557 24,989,440 Effect of dilutive securities: Incentive units 1,039,469 — 519,735 — Unvested restricted common units 166,377 — 148,884 — SPLP Preferred Units 6,525,677 — 9,352,334 — Denominator for net income (loss) per common unit – diluted (a), (b) 29,561,237 24,958,026 32,243,510 24,989,440 (a) Assumes the SPLP Preferred Units were redeemed in common units as described in Note 12 - "Capital and Accumulated Other Comprehensive Loss." (b) For the three months ended June 30, 2020 , the diluted per unit calculation does not include the potential impact of 28,803,727 SPLP Preferred Units and 112,025 of unvested restricted common units, since the impact would have been anti-dilutive. For the six months ended June 30, 2020 the diluted per unit calculation does not include 30,454,112 of SPLP Preferred Units and 72,479 of unvested restricted common units, since the impact would have been anti-dilutive.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Financial assets and liabilities measured at fair value on a recurring basis in the Company's consolidated financial statements as of June 30, 2021 and December 31, 2020 are summarized by type of inputs applicable to the fair value measurements as follows: June 30, 2021 Level 1 Level 2 Level 3 Total Assets: Marketable securities (a) $ — $ — $ — $ — Long-term investments (a) 230,649 — 50,984 281,633 Precious metal and commodity inventories recorded at fair value 37,532 — — 37,532 Economic interests in loans (b) — — 9,135 9,135 Commodity contracts on precious metal and commodity inventories — 78 — 78 Warrants (c) — — 5,077 5,077 Total $ 268,181 $ 78 $ 65,196 $ 333,455 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 125 $ — $ 125 Other precious metal liabilities 38,295 — — 38,295 Total $ 38,295 $ 125 $ — $ 38,420 December 31, 2020 Level 1 Level 2 Level 3 Total Assets: Marketable securities (a) $ 88 $ 18 $ — $ 106 Long-term investments (a) 242,863 — 48,434 291,297 Precious metal and commodity inventories recorded at fair value 27,324 — — 27,324 Economic interests in loans (b) — — 11,599 11,599 Warrants (c) — — 2,618 2,618 Total $ 270,275 $ 18 $ 62,651 $ 332,944 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 169 $ — $ 169 Other precious metal liabilities 28,315 — — 28,315 Total $ 28,315 $ 169 $ — $ 28,484 (a) For additional detail of the marketable securities and long-term investments see Note 8 - "Investments." (b) For additional detail of the economic interests in loans see Note 10 – “Financial Instruments”. (c) Included within Other non-current assets in the Company's consolidated balance sheets. There were no transfers of securities among the various measurement input levels during the three and six months ended June 30, 2021. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the "exit price") in an orderly transaction between market participants at the measurement date. Fair value measurements are broken down into three levels based on the reliability of inputs as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities as of the measurement date ("Level 1"). Level 2 inputs may include quoted prices in active markets for similar assets or liabilities, quoted prices in a market that is not active for identical assets or liabilities, or other inputs that can be corroborated by observable market data ("Level 2"). Level 3 inputs are unobservable for the asset or liability when there is little, if any, market activity for the asset or liability. Level 3 inputs are based on the best information available and may include data developed by the Company ("Level 3"). The fair value of the Company's financial instruments, such as cash and cash equivalents, trade and other receivables and accounts payable, approximates carrying value due to the short-term maturities of these assets and liabilities. Carrying cost approximates fair value for long-term debt, which has variable interest rates. The precious metal and commodity inventories associated with the Company's fair value hedges (see Note 10 - "Financial Instruments") are reported at fair value. Fair values of these inventories are based on quoted market prices on commodity exchanges and are considered Level 1 measurements. The derivative instruments that the Company purchases in connection with its precious metal and commodity inventories, specifically commodity futures and forward contracts, are also valued at fair value. The futures contracts are Level 1 measurements since they are traded on a commodity exchange. The forward contracts are entered into with a counterparty and are considered Level 2 measurements. Following is a summary of changes in financial assets measured using Level 3 inputs: Long Term Investments (a) Economic Interests in Loans (b) Warrants (b) Total Balance as of December 31, 2020 $ 48,434 $ 11,599 $ 2,618 $ 62,651 Purchases 41 — — 41 Sales and cash collections — (5,069) (2,377) (7,446) Realized gains — 2,605 4,836 7,441 Unrealized gains 2,509 — — 2,509 Balance as of June 30, 2021 $ 50,984 $ 9,135 $ 5,077 $ 65,196 Balance as of December 31, 2019 $ 53,658 $ 18,633 $ 2,086 $ 74,377 Sales and cash collections — (4,112) — (4,112) Realized gains — 2,980 — 2,980 Unrealized losses (19,277) — — (19,277) Balance as of June 30, 2020 $ 34,381 $ 17,501 $ 2,086 $ 53,968 (a) Unrealized gains and losses are recorded in (Income) loss of associated companies, net of taxes in the Company's consolidated statements of operations. (b) Realized and unrealized gains and losses are recorded in Realized and unrealized (gains) losses on securities, net or Financial services revenue in the Company's consolidated statements of operations. Long-Term Investments - Valuation Techniques The Company estimates the value of its investments in STCN preferred stock and the New Note using a Monte Carlo simulation. Key inputs in these valuations include the trading price and volatility of STCN's common stock, the risk-free rate of return, as well as the dividend rate, conversion price, redemption date of the preferred stock and the maturity date of the New Note. Marketable Securities and Other - Valuation Techniques The Company determines the fair value of certain corporate securities and corporate obligations by incorporating and reviewing prices provided by third-party pricing services based on the specific features of the underlying securities. The Company uses the net asset value included in quarterly statements it receives in arrears from a venture capital fund to determine the fair value of such fund and determines the fair value of certain corporate securities and corporate obligations by incorporating and reviewing prices provided by third-party pricing services based on the specific features of the underlying securities. The fair value of the derivatives held by WebBank (see Note 10 - "Financial Instruments") represents the estimated amounts that WebBank would receive or pay to terminate the contracts at the reporting date and is based on discounted cash flow analyses that consider credit, performance and prepayment. Unobservable inputs used in the discounted cash flow analyses are: a constant prepayment rate of 7.84% to 35.77%; a constant default rate of 1.89% to 17.96%; and a discount rate of 2.00% to 26.19%. Assets Measured at Fair Value on a Nonrecurring Basis The Company's non-financial assets and liabilities measured at fair value on a non-recurring basis, include goodwill and other intangible assets, any assets and liabilities acquired in a business combination, or its long-lived assets written down to fair value. To measure fair value for such assets and liabilities, the Company uses techniques including an income approach, a market approach and/or appraisals (Level 3 inputs). The income approach is based on a discounted cash flow analysis ("DCF")

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Environmental and Litigation Matters As discussed in more detail below, certain of the Company's subsidiaries have been designated as potentially responsible parties ("PRPs") by federal and state agencies with respect to certain sites with which they may have had direct or indirect involvement and as defendants in certain litigation matters. Most such legal proceedings and environmental investigations involve unspecified amounts of potential damage claims or awards, are in an initial procedural phase, involve significant uncertainty as to the outcome or involve significant factual issues that need to be resolved, such that it is not possible for the Company to estimate a range of possible loss. For matters that have progressed sufficiently through the investigative process such that the Company is able to reasonably estimate a range of possible loss, an estimated range of possible loss is provided, in excess of the accrued liability (if any) for such matters. Any estimated range is or will be based on currently available information and involves elements of judgment and significant uncertainties. Any estimated range of possible loss may not represent the Company's maximum possible loss exposure. The circumstances of such legal proceedings and environmental investigations will change from time to time, and actual results may vary significantly from the current estimate. For current proceedings not specifically reported below, management does not anticipate that the liabilities, if any, arising from such proceedings would have a material effect on the financial position, liquidity or results of operations of the Company. The environmental claims are in various stages of administrative or judicial proceedings and include demands for recovery of past governmental costs and for future investigations and remedial actions. In many cases, the dollar amounts of the claims have not been specified and, with respect to a number of the PRP claims, have been asserted against a number of other entities for the same cost recovery or other relief as was asserted against certain of the Company's subsidiaries. The Company accrues costs associated with environmental and litigation matters on an undiscounted basis, when they become probable and reasonably estimable. As of June 30, 2021, on a consolidated basis, the Company has recorded liabilities of $1,779 and $24,021 in Accrued liabilities and Other non-current liabilities, respectively, on the consolidated balance sheet, which represent the current estimate of environmental remediation liabilities as well as reserves related to the litigation matters discussed below. Expenses relating to these costs, and any recoveries, are included in Selling, general and administrative expenses in the Company's consolidated statements of operations. In addition, the Company has insurance coverage available for several of these matters. Estimates of the Company's liability for remediation of a particular site and the method and ultimate cost of remediation require a number of assumptions that are inherently difficult to make, and the ultimate outcome may be materially different from current estimates. Environmental Matters Certain subsidiaries of HNH have existing and contingent liabilities relating to environmental matters, including costs of remediation, capital expenditures, and potential fines and penalties relating to possible violations of national and state environmental laws. Those subsidiaries have remediation expenses on an ongoing basis, although such cost estimates are continually being readjusted based upon the emergence of new findings, techniques and alternative methods. HNH recorded liabilities of approximately $24,426 related to estimated environmental investigation and remediation costs as of June 30, 2021. Included among these liabilities, certain HNH subsidiaries have been identified as PRPs under the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA") or similar state statutes at sites and are parties to administrative consent orders in connection with certain properties. Those subsidiaries may be subject to joint and several liabilities imposed by CERCLA on PRPs. Due to the technical and regulatory complexity of remedial activities and the difficulties attendant in identifying PRPs and allocating or determining liability among them, the subsidiaries are unable to reasonably estimate the ultimate cost of compliance with such laws at some of the sites at which HNH subsidiaries are PRP's. Based upon information currently available, the HNH subsidiaries do not expect that their respective environmental costs, including the incurrence of additional fines and penalties, if any, will have a material adverse effect on them or that the resolution of these environmental matters will have a material adverse effect on the financial position, results of operations or cash flows of such subsidiaries or the Company, but there can be no such assurances. The Company anticipates that the subsidiaries will pay any such amounts out of their respective working capital, although there is no assurance that they will have sufficient funds to pay them. In the event that an HNH subsidiary is unable to fund its liabilities, claims could be made against its respective parent companies for payment of such liabilities. The sites where certain HNH subsidiaries have environmental liabilities include the following: HNH has been working with the Connecticut Department of Energy and Environmental Protection ("CTDEEP") with respect to its obligations under a 1989 consent order that applies to a former HNH manufacturing facility located in Fairfield, Connecticut. An ecological risk assessment of the wetlands portion was submitted in the second quarter of 2016 to the CTDEEP for their review and approval. Company officials met with CTDEEP representatives during the third quarter of 2020 to further discuss wetlands remediation goals and plans. Additional investigation of the wetlands is expected to start in 2021, pending approval of a mutually acceptable wetlands work plan. An updated work plan to investigate the upland portion of the parcel was prepared by the Company and approved by the CTDEEP in March 2018 and completed during 2019 and 2020. Additional upland investigatory work will be required to fully define the areas requiring remediation and is also dependent upon CTDEEP requirements and approval. Based on currently known information, the Company reasonably estimates that it may incur aggregate losses over a period of multiple years of between $10,500 to $17,500. During the second quarter of 2020, the Company increased its reserve for future remediation costs by $14,000, which is its best estimate within this range of potential losses. Due to the uncertainties, there can be no assurance that the final resolution of this matter will not be material to the financial position, results of operations or cash flows of HNH or the Company. In 1986, Handy & Harman Electronic Materials Corporation ("HHEM"), a subsidiary of HNH, entered into an administrative consent order ("ACO") with the New Jersey Department of Environmental Protection ("NJDEP") to investigate and remediate property in Montvale, New Jersey that it purchased in 1984. HHEM has been actively investigating and remediating the soil and groundwater since that time and has completed the implementation of the improved groundwater treatment system in operation at the property. Pursuant to a settlement agreement with the former owner/operator of the site, the responsibility for site investigation and remediation costs and other related costs are contractually allocated 75% to the former owner/operator and 25% jointly to HHEM and HNH, all after having the first $1,000 paid by the former owner/operator. Additionally, HHEM had been reimbursed indirectly through insurance coverage for a portion of the costs for which it is responsible. There is no assurance that the former owner/operator or guarantors will continue to timely reimburse HHEM for expenditures and/or will be financially capable of fulfilling their obligations under the settlement agreement and the guaranties. There is no assurance that there will be any additional insurance reimbursement. A reserve of approximately $1,000 has been established for HHEM's expected 25% share of anticipated costs at this site, which is based upon the recent selection of a final remedy, on-going operations and maintenance, additional investigations and monitored natural attenuation testing over the next 30 years. On December 18, 2019, the State of New Jersey ("State") filed a complaint against HHEM, the Company and other non-affiliated corporations related to former operations at this location. The State is seeking unspecified damages, including reimbursement for all cleanup and removal costs and other damages that the State has incurred, including the lost value of, and reasonable assessment costs for any natural resource injured as a result of the alleged discharge of hazardous substances and pollutants, as well as attorneys' fees and costs. The Company intends to assert all legal and procedural defenses available. Based upon currently available information, the Company has determined that a range of potential loss cannot be reasonably estimated at this time. There can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of HHEM, HNH or the Company. HNH's subsidiary, SL Industries, Inc. ("SLI"), may incur environmental costs in the future as a result of the past activities of its former subsidiary, SL Surface Technologies, Inc. ("SurfTech"), in Pennsauken, New Jersey ("Pennsauken Site"), in Camden, New Jersey and at its former subsidiary, SGL Printed Circuits in Wayne, New Jersey. At the Pennsauken Site, in 2013, SLI entered into a consent decree with both the U.S. Department of Justice and the U.S. Environmental Protection Agency ("EPA") and has since completed the remediation required by the consent decree and has paid the EPA a fixed sum for its past oversight costs. Separate from the consent decree, in December 2012, the NJDEP made a settlement demand of $1,800 for past and future cleanup and removal costs and natural resource damages ("NRD"). To avoid the time and expense of litigating the matter, SLI offered to pay approximately $300 to fully resolve the claim presented by the State. SLI's settlement offer was rejected. On December 6, 2018, the State filed a complaint against SLI related to its operations at the Pennsauken Site. The State is seeking treble damages and attorneys' fees, NRD for loss of use of groundwater, as well as a request for relief that SLI pay all cleanup and removal costs that the State has incurred and will incur at the Pennsauken Site. The State did not specifically identify its alleged damages in the complaint. SLI intends to assert all legal and procedural defenses available to it. Based upon currently available information, the Company has determined that a range of potential loss can no longer be reasonably estimated at this time. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of SLI, HNH or the Company. SLI reported soil contamination and a groundwater contamination in 2003 from the SurfTech site located in Camden, New Jersey. Substantial investigation and remediation work have been completed under the direction of the licensed site remediation professional ("LSRP") for the site. Additional soil excavation and chemical treatment is expected to start in the second half of 2021. Post-remediation groundwater monitoring will be conducted, and a full-scale groundwater bioremediation is expected to be implemented following completion of soil excavation. A reserve of $2,700 has been established for anticipated costs at this site, but there can be no assurance that there will not be potential additional costs associated with the site which cannot be reasonably estimated at this time. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of SLI, HNH or the Company. SLI is currently participating in environmental assessment and cleanup at a commercial facility located in Wayne, New Jersey. Contaminated soil and groundwater have undergone remediation with the NJDEP and LSRP oversight, but contaminants of concern in groundwater and surface water, which extend off-site, remain above applicable NJDEP remediation standards. A reserve of approximately $1,300 has been established for anticipated costs, but there can be no assurance that there will not be potential additional costs associated with the site which cannot be reasonably estimated at this time. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of SLI, HNH or the Company. Litigation Matters On December 8, 2017, a stockholder class action, captioned Sciabacucchi v. DeMarco, et al., was filed in the Court of Chancery of the State of Delaware by a purported former stockholder of HNH challenging the Company's acquisition, through a subsidiary, of all of the outstanding shares of common stock of HNH not already owned by the Company or any of its affiliates. The action named as defendants the former members of the HNH board of directors, the Company and SPH GP, and alleged, among other things, that the defendants breached their fiduciary duties to the former public stockholders of HNH in connection with the aforementioned acquisition. The complaint sought, among other relief, unspecified monetary damages, attorneys' fees and costs. On July 9, 2019, the Company entered into a settlement of the case, solely to avoid the substantial burden, expense, inconvenience and distraction of continued litigation and to resolve each of the plaintiff's claims against the defendant parties. In the settlement, the defendants agreed to pay the plaintiff class $30,000, but denied that they engaged in any wrongdoing or committed any violation of law or breach of duty and stated that they believe they acted properly, in good faith, and in a manner consistent with their legal duties. The settlement was approved by the court on December 2, 2019. Our insurance carriers agreed to contribute an aggregate of $17,500 toward the settlement amount. The Company recorded a charge of $12,500 in Selling, general and administrative expenses in the consolidated statement of operations for the twelve months ended December 31, 2019, which consisted of the legal settlement of $30,000, reduced by the $17,500 of insurance recoveries. The settlement was paid on December 17, 2019. The Company made a demand of an aggregate of $10,000 in further contributions from two insurance carriers. The dispute with the insurance carriers was litigated in the New York Supreme Court and the Court ruled on June 16, 2021 in the Company’s favor on all issues and authorized a judgment to be entered against the D&O insurance carriers for $11,300 plus statutory interest at 9% from June 16, 2021. The insurance carriers have appealed this decision. On April 13, 2018, a purported shareholder of STCN, Donald Reith, filed a verified complaint, Reith v. Lichtenstein, et al., 2018-0277 (Del. Ch.) in the Delaware Court of Chancery. The plaintiff seeks to assert claims against the Company and certain of its affiliates and against the members of STCN's board of directors in connection with the acquisition of $35,000 of STCN's Series C Preferred Stock by an affiliate of the Company and equity grants made to three individual defendants. The complaint includes claims for breach of fiduciary duty as STCN directors against all the individual defendants; claims for aiding and abetting breach of fiduciary duty against the Company; a claim for breach of fiduciary duty as controlling stockholder against the Company; and a derivative claim for unjust enrichment against the Company and the three individuals who received equity grants. The complaint demands damages in an unspecified amount for STCN and its stockholders, together with rescission, disgorgement and other equitable relief. The defendants moved to dismiss the complaint for failure to plead demand futility and failure to state a claim. On June 28, 2019, the Court of Chancery issued an opinion denying in substantial part the motion. The Company will continue to vigorously defend itself against these claims; however, the outcome of this matter is uncertain. A subsidiary of BNS Holdings Liquidating Trust ("BNS Sub") has been named as a defendant in multiple alleged asbestos-related toxic-tort claims filed over a period beginning in 1994 through June 30, 2021. In many cases these claims involved more than 100 defendants. There remained approximately 40 pending asbestos claims as of June 30, 2021. BNS Sub believes it has significant defenses to any liability for toxic-tort claims on the merits. None of these toxic-tort claims has gone to trial and, therefore, there can be no assurance that these defenses will prevail. BNS Sub has insurance policies covering asbestos-related claims for years beginning 1974 through 1988. BNS Sub annually receives retroactive billings or credits from its insurance carriers for any increase or decrease in claims accruals as claims are filed, settled or dismissed, or as estimates of the ultimate settlement costs for the then-existing claims are revised. As of both June 30, 2021 and December 31, 2020, BNS Sub has accrued $1,349 relating to the open and active claims against BNS Sub. This accrual includes the amount of unpaid retroactive billings submitted to the Company by the insurance carriers and also the Company's best estimate of the likely costs for BNS Sub to settle these claims outside the amounts funded by insurance. There can be no assurance that the number of future claims and the related costs of defense, settlements or judgments will be consistent with the experience to-date of existing claims and that BNS Sub will not need to significantly increase its estimated liability for the costs to settle these claims to an amount that could have a material effect on the consolidated financial statements. In the ordinary course of our business, the Company is subject to other periodic lawsuits, investigations, claims and proceedings, including, but not limited to, contractual disputes, employment, environmental, health and safety matters, as well as claims associated with our historical acquisitions and divestitures. There is insurance coverage available for many of the foregoing actions. Although the Company cannot predict with certainty the ultimate resolution of lawsuits, investigations, claims and proceedings asserted against the Company, it does not believe any currently pending legal proceeding to which it is a party will have a material adverse effect on its business, prospects, financial condition, cash flows, results of operations or liquidity.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Management Agreement with SP General Services LLC SPLP is managed by the Manager, pursuant to the terms of the Management Agreement, which receives a fee at an annual rate of 1.5% of total Partners' capital ("Management Fee"), payable on the first day of each quarter and subject to quarterly adjustment. In addition, SPLP may issue to SPH SPV -I LLC, a related party, partnership profits interests in the form of incentive units, which will be classified as Class C common units of SPLP, upon exceeding a baseline equity value per common unit, which is measured as of the last day of each fiscal year (see Note 12 - "Capital and Accumulated Other Comprehensive Loss" for additional information on the incentive units). The Management Agreement is automatically renewed each December 31 for successive one-year terms unless otherwise determined at least 60 days prior to each renewal date by a majority of the Company's independent directors. The Management Fee was $2,203 and $(591) for the three months ended June 30, 2021 and 2020, respectively and $4,209 and $1,182 for the six months ended June 30, 2021 and 2020, respectively. The lower amounts for the 2020 periods reflect a waiver of the Management Fee by the Manager from March through June 2020 to help mitigate the impact of COVID-19 on the Company; however such waived Management Fee totaling $2,186 was subsequently reinstated. The Management Fee is included in Selling, general and administrative expenses in the Company's consolidated statements of operations. Unpaid Management Fees included in Payables to related parties on the Company's consolidated balance sheet were $204 and $2,319 as of June 30, 2021 and December 31, 2020, respectively. SPLP will bear (or reimburse the Manager with respect to) all its reasonable costs and expenses of the managed entities, the Manager, SPH GP or their affiliates, including but not limited to: legal, tax, accounting, auditing, consulting, administrative, compliance, investor relations costs related to being a public entity rendered for SPLP or SPH GP, as well as expenses incurred by the Manager and SPH GP which are reasonably necessary for the performance by the Manager of its duties and functions under the Management Agreement and certain other expenses incurred by managers, officers, employees and agents of the Manager or its affiliates on behalf of SPLP. Reimbursable expenses incurred by the Manager in connection with its provision of services under the Management Agreement were approximately $1,142 and $210 for the three months ended June 30, 2021 and 2020, respectively and $1,986 and $1,152 for the six months ended June 30, 2021 and 2020, respectively. Unpaid amounts for reimbursable expenses were approximately $802 and $1,594 as of June 30, 2021 and December 31, 2020, respectively, and are included in Payables to related parties on the Company's consolidated balance sheets. Corporate Services The Company's subsidiary, Steel Services Ltd ("Steel Services"), through management services agreements with its subsidiaries and portfolio companies, provides services, which include assignment of C-Level management personnel, legal, tax, accounting, treasury, consulting, auditing, administrative, compliance, environmental health and safety, human resources, marketing, investor relations, operating group management and other similar services. In addition to its servicing agreements with SPLP and its consolidated subsidiaries, which are eliminated in consolidation, Steel Services has management services agreements with other companies considered to be related parties, including J. Howard Inc., Steel Partners, Ltd. and affiliates, and STCN. In total, Steel Services currently charges approximately $4,474 annually to these companies. All amounts billed under these service agreements are classified as a reduction of Selling, general and administrative expenses. The receivable from STCN of $1,391 as of June 30, 2021 includes $1,052 for amounts receivable for the management services agreement and a $339 receivable of interest for the STCN New Notes. Mutual Securities, Inc. Pursuant to the Management Agreement, the Manager is responsible for selecting executing brokers. Securities transactions for SPLP are allocated to brokers on the basis of reliability, price and execution. The Manager has selected Mutual Securities, Inc. as an introducing broker and may direct a substantial portion of the managed entities' trades to such firm, among others. An officer of the Manager and SPH GP is affiliated with Mutual Securities, Inc. The commissions paid by SPLP to Mutual Securities, Inc. were not significant in any period. Other At June 30, 2021 and December 31, 2020, several related parties and consolidated subsidiaries had deposits totaling $1,111 and $1,164 at WebBank, respectively. Approximately $1,111 and $88 of these deposits, including interest which was not significant, have been eliminated in consolidation as of June 30, 2021 and December 31, 2020, respectively.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION SPLP operates through the following segments: Diversified Industrial, Energy, and Financial Services, which are managed separately and offer different products and services. The Diversified Industrial segment is comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and a packaging business. The Energy segment provides drilling and production services to the oil & gas industry and owns a youth sports business. The Financial Services segment consists primarily of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities. Corporate and Other consists of several consolidated subsidiaries, including Steel Services, equity method and other investments, and cash and cash equivalents. Its income or loss includes certain unallocated general corporate expenses. Steel Services has management services agreements with its consolidated subsidiaries and other related companies as further discussed in Note 17 - "Related Party Transactions." Steel Services charged the Diversified Industrial, Energy and Financial Services segments approximately $7,403, $1,409 and $224, respectively, for the three months ended June 30, 2021 and $5,430, $1,058 and $12, respectively, for the three months ended June 30, 2020. Steel Services charged the Diversified Industrial, Energy and Financial Services segments approximately $14,806, $2,637 and $448, respectively, for the six months ended June 30, 2021 and $14,142, $2,632 and $862, respectively for the six months ended June 30, 2020. These service fees are reflected as expenses in the segment income (loss) below, but are eliminated in consolidation. These service fees are reflected as expenses in the segment income (loss) below, but are eliminated in consolidation. Segment information is presented below: Three Months Ended Six Months Ended 2021 2020 2021 2020 Revenue: Diversified Industrial net sales $ 305,759 $ 251,108 $ 554,248 $ 512,718 Energy net revenue 41,768 14,302 73,854 52,904 Financial Services revenue 38,906 28,963 72,824 75,961 Total revenue $ 386,433 $ 294,373 $ 700,926 $ 641,583 Income (loss) from continuing operations before interest expense and income taxes: Diversified Industrial $ 35,832 $ 11,070 $ 63,536 $ 26,221 Energy 3,644 (1,952) 6,461 (1,750) Financial Services 23,718 (815) 44,167 3,191 Corporate and Other 5,158 (1,610) 27,590 (52,265) Income (loss) from continuing operations before interest expense and income taxes 68,352 6,693 141,754 (24,603) Interest expense 5,504 7,722 10,970 16,349 Income tax provision (benefit) 35,413 (1,046) 50,007 (4,490) Net income (loss) from continuing operations $ 27,435 $ 17 $ 80,777 $ (36,462) (Income) loss of associated companies, net of taxes: Corporate and Other $ (2,840) $ (4,893) $ (28,961) $ 29,614 Total $ (2,840) $ (4,893) $ (28,961) $ 29,614 Segment depreciation and amortization: Diversified Industrial $ 11,843 $ 12,383 $ 23,815 $ 24,650 Energy 3,066 3,731 6,060 7,487 Financial Services 121 92 245 263 Corporate and Other 40 39 79 80 Total depreciation and amortization $ 15,070 $ 16,245 $ 30,199 $ 32,480

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 2021
Regulatory Matters [Abstract]
Regulatory Matters	REGULATORY MATTERS WebBank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain actions by regulators that, if undertaken, could have a direct material effect on WebBank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, WebBank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. WebBank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. As a result of Basel III becoming fully implemented as of January 1, 2019, WebBank's minimum requirements increased for both the quantity and quality of capital held by WebBank. The rules include a new common equity Tier 1 capital to risk-weighted assets ratio ("CET1 Ratio") of 4.5% and a capital conservation buffer of 2.5% of risk-weighted assets, which as fully phased-in, effectively results in a minimum CET1 Ratio of 7.0%. Basel III raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% (which, with the capital conservation buffer, effectively results in a minimum Tier 1 capital ratio of 8.5% as fully phased-in), and effectively results in a minimum total capital to risk-weighted assets ratio of 10.5% (with the capital conservation buffer fully phased-in), and requires a minimum leverage ratio of 4.0%. Basel III also made changes to risk weights for certain assets and off-balance-sheet exposures. WebBank expects that its capital ratios under Basel III will continue to exceed the well capitalized minimum capital requirements, and such amounts are disclosed in the table below: Amount of Capital Required Actual For Capital Minimum Capital Adequacy With To Be Well Capitalized Under Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of June 30, 2021 Total Capital (to risk-weighted assets) $ 235,613 36.50 % $ 51,684 8.00 % $ 67,835 10.50 % $ 64,605 10.00 % Tier 1 Capital (to risk-weighted assets) $ 227,448 35.20 % $ 38,763 6.00 % $ 54,914 8.50 % $ 51,684 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 227,448 35.20 % $ 29,072 4.50 % $ 45,223 7.00 % $ 41,993 6.50 % Tier 1 Capital (to average assets) $ 227,448 28.40 % $ 32,002 4.00 % n/a n/a $ 40,002 5.00 % As of December 31, 2020 Total Capital (to risk-weighted assets) $ 212,002 34.30 % $ 49,512 8.00 % $ 64,985 10.50 % $ 61,891 10.00 % Tier 1 Capital (to risk-weighted assets) $ 204,028 33.00 % $ 37,134 6.00 % $ 52,607 8.50 % $ 49,512 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 204,028 33.00 % $ 27,851 4.50 % $ 43,323 7.00 % $ 40,229 6.50 % Tier 1 Capital (to average assets) $ 204,028 32.40 % $ 25,219 4.00 % n/a n/a $ 31,523 5.00 % ` The Federal Reserve, Office of the Comptroller of Currency and Federal Deposit Insurance Corporation issued an interim final rule that excludes loans pledged as collateral to the Federal Reserve's PPP Lending Facility from supplementary leverage ratio exposure and average total consolidated assets. Additionally, PPP loans will receive a zero percent risk weight under the risk-based capital rules of the federal banking agencies.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	SUPPLEMENTAL CASH FLOW INFORMATION A summary of supplemental cash flow information for the six months ended June 30, 2021 and 2020 is presented in the following table: Six Months Ended June 30, 2021 2020 Cash paid during the period for: Interest $ 12,607 $ 18,968 Taxes $ 5,819 $ 24,370

Restatement of Previously Issue

Restatement of Previously Issued Consolidated Financial Statements	6 Months Ended
	Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract]
Restatement of Previously Issued Consolidated Financial Statements	RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS As described in Note 1 - " Basis of Presentation,", the following errors in the Company's interim consolidated financial statements as of and for the three and six months ended June 30, 2020 were identified and corrected as a result of the Electrical Products Misstatements, as well as other immaterial errors: a. Cash and cash equivalents – As a result of the correction of a prior period balance sheet presentation error, apart from the Electrical Products Misstatements, Cash and cash equivalents decreased by $1,519 as of December 31, 2019. b. Revenue – The Company corrected certain errors in the application of its revenue recognition policy under U.S. GAAP, which decreased total Revenue by $1,064 and $1,754 for the three and six months ended June 30, 2020, respectively. These adjustments are primarily for correction of errors separate from the Electrical Products Misstatements. c. Cost of goods sold – Primarily as a result of the correction of the Electrical Products Misstatements, Cost of goods sold increased by $1,025 and $794 for the three and six months ended June 30, 2020, respectively. These Electric Products Misstatements were due primarily to irregularities in revenue recognition journal entries, irregularities relating to Accounts payable and improper valuation of inventories. d. Selling, general and administrative expenses – Primarily as a result of error corrections separate from the Electrical Products Misstatements, Selling, general and administrative expenses decreased by $2,797 and $3,533 for the three and six months ended June 30, 2020, respectively. e. Interest expense – As a result of the net impact of the error corrections, Interest expense for the Company's Credit Agreement increased by $312 for the six months ended June 30, 2020, due to the impact of covenant calculations. f. Income tax (benefit) provision – As a result of the net impact of the error corrections, Income tax provision increased by $274 and $259 for the three and six months ended June 30, 2020, respectively. g. Net loss on deconsolidation of discontinued operations – The Company corrected errors apart from the Electrical Products Misstatements, which decreased Net loss on deconsolidation of discontinued operations by $879 for the six months ended June 30, 2020, due primarily to recognition of an asset impairment charge. Three Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Operations As Corrected Revenue: Diversified Industrial net sales $ 252,172 $ (1,064) $ 251,108 Energy net revenue 14,302 — 14,302 Financial Services revenue 28,963 — 28,963 Total revenue 295,437 (1,064) 294,373 Costs and expenses: Cost of goods sold 195,199 1,025 196,224 Selling, general and administrative expenses 74,936 (2,797) 72,139 Asset impairment charges — — — Finance interest expense 3,475 — 3,475 Provision for loan losses 14,253 — 14,253 Interest expense 7,722 — 7,722 Realized and unrealized gains on securities, net 8,482 — 8,482 Other income, net (2,000) — (2,000) Total costs and expenses 302,067 (1,772) 300,295 (Loss) income before income taxes and equity method investments (6,630) 708 (5,922) Income tax (benefit) provision (1,320) 274 (1,046) Income of associated companies, net of taxes (4,893) — (4,893) Net (loss) income from continuing operations (417) 434 17 Discontinued operations Loss from discontinued operations, net of taxes (280) — (280) Net loss on deconsolidation of discontinued operations (980) — (980) Net Loss from discontinued operations, net of taxes (1,260) — (1,260) Net (loss) income (1,677) 434 (1,243) Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (191) — (191) Net (loss) income attributable to common unitholders $ (1,868) $ 434 $ (1,434) Net (loss) income per common unit - basic and diluted Net (loss) income from continuing operations $ (0.02) $ 0.01 $ (0.01) Net loss from discontinued operations (0.05) — (0.05) Net (loss) income attributable to common unitholders $ (0.07) $ 0.01 $ (0.06) Weighted-average number of common units outstanding - basic 24,958,026 24,958,026 24,958,026 Weighted-average number of common units outstanding - diluted 24,958,026 24,958,026 24,958,026 Six Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Operations As Corrected Revenue: Diversified Industrial net sales $ 514,472 $ (1,754) $ 512,718 Energy net revenue 52,904 — 52,904 Financial Services revenue 75,961 — 75,961 Total revenue 643,337 (1,754) 641,583 Costs and expenses: Cost of goods sold 416,278 794 417,072 Selling, general and administrative expenses 151,600 (3,533) 148,067 Asset impairment charges 617 — 617 Finance interest expense 6,909 — 6,909 Provision for loan losses 40,390 — 40,390 Interest expense 16,037 312 16,349 Realized and unrealized gains on securities, net 26,484 — 26,484 Other income, net (2,967) — (2,967) Total costs and expenses 655,348 (2,427) 652,921 (Loss) income before income taxes and equity method investments (12,011) 673 (11,338) Income tax (benefit) provision (4,749) 259 (4,490) Loss of associated companies, net of taxes 29,614 — 29,614 Net (loss) income from continuing operations (36,876) 414 (36,462) Discontinued operations Loss from discontinued operations, net of taxes (2,581) — (2,581) Net (loss) income on deconsolidation of discontinued operations (23,827) 879 (22,948) Net (Loss) income from discontinued operations, net of taxes (26,408) 879 (25,529) Net (loss) income (63,284) 1,293 (61,991) Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (321) — (321) Net (loss) income attributable to common unitholders $ (63,605) $ 1,293 $ (62,312) Net (loss) income per common unit - basic and diluted Net (loss) income from continuing operations $ (1.49) $ 0.01 $ (1.48) Net (loss) income from discontinued operations (1.06) 0.03 (1.03) Net (loss) income attributable to common unitholders $ (2.55) $ 0.04 $ (2.51) Weighted-average number of common units outstanding - basic 24,989,440 24,989,440 24,989,440 Weighted-average number of common units outstanding - diluted 24,989,440 24,989,440 24,989,440 Three Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Comprehensive (Loss) Income As Corrected Net (loss) income $ (1,677) $ 434 $ (1,243) Other comprehensive income, net of tax: Currency translation adjustments 1,373 — 1,373 Other comprehensive income 1,373 — 1,373 Comprehensive (loss) income (304) 434 130 Comprehensive income attributable to noncontrolling interests (191) — (191) Comprehensive (loss) income attributable to common unitholders $ (495) $ 434 $ (61) Six Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Comprehensive (Loss) Income As Corrected Net (loss) income $ (63,284) $ 1,293 $ (61,991) Other comprehensive loss, net of tax: Currency translation adjustments (1,563) — (1,563) Other comprehensive loss (1,563) — (1,563) Comprehensive (loss) income (64,847) 1,293 (63,554) Comprehensive income attributable to noncontrolling interests (321) — (321) Comprehensive (loss) income attributable to common unitholders $ (65,168) $ 1,293 $ (63,875) As Previously Reported Adjustments for Error Corrections Consolidated Statement of Changes in Capital As Corrected Balance at December 31, 2019 $ 476,419 $ (9,786) $ 466,633 Net (loss) income (61,607) 859 (60,748) Currency translation adjustments (2,936) — (2,936) Equity compensation - restricted units 104 — 104 Deconsolidation of API 17,481 — 17,481 Other, net 58 — 58 Balance at March 31, 2020 $ 429,519 $ (8,927) $ 420,592 Net (loss) income (1,677) 434 (1,243) Currency translation adjustments 1,373 — 1,373 Equity compensation - restricted units 49 — 49 Other, net 25 — 25 Balance at June 30, 2020 $ 429,289 $ (8,493) $ 420,796 Six Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Cash Flows As Corrected Cash flows from operating activities: Net (loss) income $ (63,284) $ 1,293 $ (61,991) (Loss) gain from discontinued operations (26,408) 879 (25,529) Net (loss) income from continuing operations (36,876) 414 (36,462) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Provision for loan losses 40,390 — 40,390 Loss of associated companies, net of taxes 29,614 — 29,614 Realized and unrealized losses on securities, net 26,484 — 26,484 Derivative gains on economic interests in loans (2,660) — (2,660) Deferred income taxes (7,209) 393 (6,816) Depreciation and amortization 32,480 — 32,480 Non-cash lease expense 4,743 — 4,743 Equity-based compensation 256 — 256 Asset impairment charges 617 — 617 Other 2,409 16 2,425 Net change in operating assets and liabilities: Trade and other receivables 11,354 (1,646) 9,708 Inventories 6,714 (968) 5,746 Prepaid expenses and other assets 1,746 — 1,746 Accounts payable, accrued and other liabilities (3,805) 1,791 (2,014) Net decrease in loans held for sale 153,635 — 153,635 Net cash provided by operating activities - continuing operations 259,892 — 259,892 Net cash used in operating activities - discontinued operations (1,671) — (1,671) Total cash provided by operating activities 258,221 — 258,221 Cash flows from investing activities: Purchases of investments (6,363) — (6,363) Proceeds from sales of investments 2,327 — 2,327 Proceeds from maturities of investments 27,206 — 27,206 Loan originations, net of collections (2,023,616) — (2,023,616) Purchases of property, plant and equipment (11,035) — (11,035) Proceeds from sale of property, plant and equipment 3,067 — 3,067 Acquisition, net of cash acquired (3,500) — (3,500) Net cash used in investing activities - continuing operations (2,011,914) — (2,011,914) Net cash provided by (used in) investing activities - discontinued operations — — — Net cash used in investing activities (2,011,914) — (2,011,914) Cash flows from financing activities: Net revolver borrowings 33,654 — 33,654 Repayments of term loans (6,477) — (6,477) Repayments of other borrowings — — — Proceeds from other borrowings 2,032,236 — 2,032,236 Distribution to preferred unitholders (40,000) — (40,000) Deferred finance charges (1,474) — (1,474) Net decrease in deposits (296,714) — (296,714) Net cash provided by financing activities - continuing operations 1,721,225 — 1,721,225 Net cash used in financing activities - discontinued operations — — — Net cash provided by financing activities 1,721,225 — 1,721,225 Net change for the period (32,468) — (32,468) Effect of exchange rate changes on cash and cash equivalents 84 — 84 Cash, cash equivalents and restricted cash at beginning of period 139,467 (1,519) 137,948 Cash and cash equivalents at end of period, including cash of discontinued operations $ 107,083 $ (1,519) $ 105,564

Nature of the Business and Ba_2

Nature of the Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impact of Covid-19	Impact of COVID-19 The ongoing COVID-19 pandemic is a continuously evolving situation around the world and has negatively impacted and could continue to negatively impact the global economy. While the negative effects from the COVID-19 pandemic in the first half of 2020 were material to the Company's operating results, the Company experienced sales growth during the second half of 2020 and first half of 2021. The Company’s operating results will be subject to fluctuations based upon general economic conditions and the extent to which COVID-19 may impact its business will depend on future developments, which are highly uncertain and cannot be predicted, such as the duration and severity of the pandemic, governmental actions that have been taken, or may be taken in the future, in response to the pandemic, and the extent and severity of the impact on the Company's customers and suppliers. The Company continues to actively monitor the COVID-19 pandemic and its potential impacts on the Company's employees, customers, suppliers and financial results. During the year ended December 31, 2020, as the COVID-19 pandemic progressed, the Company initiated many cost reducing actions to help mitigate the financial impact of the pandemic. The Company continues to evaluate further or continued actions as circumstances warrant.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements as of June 30, 2021 and for the three and six-month periods ended June 30, 2021 and 2020, which have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC") for interim periods, include the accounts of the Company and its consolidated subsidiaries. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation have been reflected herein. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements on Form 10-K for the year ended December 31, 2020, from which the consolidated balance sheet as of December 31, 2020 has been derived. The Company’s fiscal quarter ends on the last day of the calendar quarter; however, for certain subsidiaries of the Company, the fiscal quarter periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year. The Company and all its subsidiaries close their books for fiscal years on December 31. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"), but is not required for interim reporting purposes, has been condensed or omitted. Management must make estimates and assumptions that affect the consolidated financial statements and the related footnote disclosures. While management uses its best judgment, actual results may differ from those estimates. Certain reclassifications have been made to the prior period financial statements and notes to conform to the current period presentation.
Restatement For Correction of Immaterial Errors in Previously Issued Consolidated Financial Statements	Restatement For Correction of Immaterial Errors in Previously Issued Consolidated Financial Statements As previously disclosed in the Company’s Form 10-K for the year ended December 31, 2020, during the fourth quarter of 2020, in connection with the preparation of the consolidated financial statements for the year ended December 31, 2020, the Company identified errors in its previously filed annual consolidated financial statements and unaudited quarterly consolidated financial statements. The errors were not material to any individual prior quarterly or annual period. The prior period errors are related primarily to a division of the Company's Electrical Products business within the Diversified Industrial segment ("Electrical Products Misstatements") and were primarily the result of: (1) divisional management override of internal controls, (2) improper segregation of duties, including failure to obtain independent review of recorded accounting entries and accounting analyses and (3) inadequate documentation and support for and/or untimely preparation of account reconciliations. The Electrical Products Misstatements resulted in: (1) improper valuation of inventories and trade receivables, including the related allowance for doubtful accounts; (2) improper recognition of revenue on contracts performed over time; (3) accounts payable and associated expenses not recorded accurately or in the appropriate period; and (4) other errors. The Company assessed the materiality of the errors in its historical annual consolidated financial statements in accordance with SEC Staff Accounting Bulletin ("SAB") Topic 1.M, Materiality , codified in Accounting Standards Codification ("ASC") 250, Accounting Changes and Error Corrections , and concluded that the errors were not material to the previously filed annual consolidated financial statements or corresponding unaudited interim periods but would be material in the aggregate if corrected solely in the consolidated financial statements as of and for the year ended December 31, 2020. In accordance with ASC 250 (SAB Topic 1.N, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements) , the Company corrected for these errors by revising previously filed 2019 annual consolidated financial statements, including the impact to beginning Partners' capital, in connection with the filing of its 2020 Annual Report on Form 10-K. The revised annual consolidated financial statements also included adjustments to correct certain other immaterial errors, including errors that had previously been adjusted for and disclosed as out of period corrections in the period identified. Additionally, in connection with the filing of this Quarterly Report on Form 10-Q, the Company has disclosed the impact of the restatement to the consolidated interim financial statements as of and for the three and six months ended June 30, 2020, to correct for the errors. The accompanying footnotes have also been corrected to reflect the impact of the revisions of the previously filed 2020 interim consolidated financial statements. Refer to Note 21 - "Restatement of Previously Issued Consolidated Financial Statements" for reconciliations between as reported and as revised quarterly amounts.
Discontinued Operations	Discontinued Operations On January 31, 2020, the Company announced that API Group Limited and certain of its affiliates commenced administration proceedings in the United Kingdom. The purpose of the administration proceedings was to facilitate an orderly sale or wind-down of its United Kingdom operations, which include API Laminates Limited and API Foils Holdings Limited. In the United States, API Americas Inc. voluntarily filed for Chapter 11 proceedings in Bankruptcy Court on February 2, 2020, in order to facilitate the sale or liquidation of its U.S. assets. The API Americas Inc. Chapter 11 bankruptcy proceedings were closed by the Bankruptcy Court on December 21, 2020. The API entities (collectively, "API") were wholly-owned subsidiaries of the Company and were included in the Diversified Industrial segment. The Company deconsolidated API on January 31, 2020 as it no longer held a controlling financial interest as of that date. All references made to financial data in this Quarterly Report on Form 10-Q are to the Company's continuing operations, unless specifically noted. See Note 3 - "Discontinued Operations" for additional information.
Adoption of New Accounting Standards and Accounting Standards Not Yet Effective	Adoption of New Accounting Standards In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 removes specific exceptions to the general principles in Topic 740 in order to reduce the complexity of its application. ASU 2019-12 also improves consistency and simplifies existing guidance by clarifying and amending certain specific areas of Topic 740. The Company adopted ASU 2019-12 on January 1, 2021 and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. ASU 2020-01 clarifies the interaction between accounting standards related to equity securities, equity method investments and certain derivatives, and is expected to reduce diversity in practice and increase comparability of the accounting for these interactions. The Company adopted ASU 2020-01 on January 1, 2021, and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Accounting Standards Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This new standard changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments, including trade receivables, from an incurred loss model to an expected loss model and adds certain new required disclosures. Under the expected loss model, entities will recognize estimated credit losses over the entire contractual term of the instrument rather than delaying recognition of credit losses until it is probable the loss has been incurred. In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief. ASU 2019-05 provides entities with an option to irrevocably elect the fair value option, applied on an instrument-by-instrument basis for eligible instruments, that are within the scope of Subtopic 326-20, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. The new standards were to be effective for the Company's 2020 fiscal year. In November 2019, the FASB issued ASU 2019-10, Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates . This new standard amended the effective date of Topic 326 for smaller reporting companies until January 1, 2023. A company's determination about whether it is eligible to be a smaller reporting company is based on its most recent determination as of November 15, 2019, in accordance with SEC regulations. As of this date, the Company met the SEC definition of a smaller reporting company. Therefore, the Company will not be required to adopt Topic 326 until January 1, 2023. The Company is currently evaluating the potential impact of this new guidance; however, it expects that it could have a significant impact on the Company's allowance for loan losses ("ALLL"). In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans. ASU 2018-14 modifies the disclosure requirements for employers that sponsor defined benefit pension and other post-retirement plans. The amendments in ASU 2018-14 are effective for the Company's 2021 fiscal year end. Because ASU 2018-14 affects disclosure only, management does not expect that the adoption of this standard will have a material impact on the Company's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 is intended to provide temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by the discontinuation of the London Interbank Offered Rate, known as LIBOR, or by another reference rate expected to be discontinued. This guidance is effective beginning on March 12, 2020, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures.
Disaggregation of Revenues	Disaggregation of Revenues Revenues are disaggregated at the Company's segment level since the segment categories depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. For additional details related to the Company's reportable segments, see Note 18 - "Segment Information."

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company's revenues disaggregated by geography for the three and six months ended June 30, 2021 and 2020. The Company's revenues are primarily derived domestically. Foreign revenues are based on the country in which the legal subsidiary generating the revenue is domiciled. Revenue from any single foreign country was not material to the Company's consolidated financial statements. Three Months Ended Six Months Ended 2021 2020 2021 2020 United States $ 360,126 $ 273,454 $ 655,994 $ 601,053 Foreign 26,307 20,919 44,932 40,530 Total revenue $ 386,433 $ 294,373 $ 700,926 $ 641,583
Contract with Customer Liability	Contract Liabilities Balance at December 31, 2020 $ 7,707 Deferral of revenue 7,807 Recognition of unearned revenue (8,136) Balance at June 30, 2021 $ 7,378 Balance at December 31, 2019 $ 6,820 Deferral of revenue 7,579 Recognition of unearned revenue (6,431) Balance at June 30, 2020 $ 7,968

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Summary of Discontinued Operations	The components of Net gain (loss) from discontinued operations, net of taxes in the accompanying consolidated statements of operations are: Three Months Ended Six Months Ended 2021 2020 2021 2020 Gain (loss) from operations of discontinued operation $ 128 $ (280) $ 128 $ (2,581) Gain upon initial deconsolidation of API — — — 30,516 Loss from guarantee liability — (980) — (53,464) Net gain (loss) from discontinued operations, net of taxes $ 128 $ (1,260) $ 128 $ (25,529) Three Months Ended Six Months Ended 2021 2020 2021 2020 Revenue $ — $ — $ — $ 6,388 Costs and expenses: Cost of goods sold — — — 6,085 Selling, general and administrative expenses (128) 280 (128) 2,499 Other expenses, net — — — 385 Total costs and expenses (128) 280 (128) 8,969 Gain (loss) before income taxes 128 (280) 128 (2,581) Income tax benefit — — — — Gain (loss) from discontinued operations, net of taxes $ 128 $ (280) $ 128 $ (2,581)

Loans Receivable, Including L_2

Loans Receivable, Including Loans Held For Sale (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Trade and Other Receivables	Major classifications of Loans receivable, including loans held for sale, held by WebBank as of June 30, 2021 and December 31, 2020 are as follows: Total Current Non-current June 30, 2021 % December 31, 2020 % June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Loans held for sale $ 141,092 $ 88,171 $ 141,092 $ 88,171 $ — $ — Commercial real estate loans $ 775 — % $ 672 — % — — 775 672 Commercial and industrial 2,112,991 95 % 2,279,672 94 % 202,519 221,469 1,910,472 2,058,203 Consumer loans 118,201 5 % 147,652 6 % 82,024 23,510 36,176 124,142 Total loans 2,231,967 100 % 2,427,996 100 % 284,543 244,979 1,947,423 2,183,017 Less: Allowance for loan losses (15,380) (27,059) (15,380) (27,059) — — Total loans receivable, net $ 2,216,587 $ 2,400,937 269,163 217,920 1,947,423 2,183,017 Loans receivable, including loans held for sale (a) $ 410,255 $ 306,091 $ 1,947,423 $ 2,183,017 (a) The carrying value is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $2,359,540 and $2,498,218 as of June 30, 2021 and December 31, 2020, respectively.
Financing Receivable, Allowance for Credit Loss	Changes in the ALLL are summarized as follows: Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2020 $ 22 $ 9,293 $ 17,744 $ 27,059 Charge-offs — (3,607) (3,669) (7,276) Recoveries 6 514 396 916 (Benefit) Provision (6) 1,038 (1,747) (715) March 31, 2021 22 7,238 12,724 19,984 Charge-offs — (1,821) (2,470) (4,291) Recoveries 6 885 363 1,254 (Benefit) Provision (6) 808 (2,369) (1,567) June 30, 2021 $ 22 $ 7,110 $ 8,248 $ 15,380 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2019 $ 24 $ 10,920 $ 25,738 $ 36,682 Charge-offs — (3,898) (7,301) (11,199) Recoveries 1 149 653 803 (Benefit) Provision (2) 11,945 14,194 26,137 March 31, 2020 23 19,116 33,284 52,423 Charge-offs — (2,315) (6,153) (8,468) Recoveries 10 170 572 752 (Benefit) Provision (12) 4,940 9,325 14,253 June 30, 2020 $ 21 $ 21,911 $ 37,028 $ 58,960 The ALLL and outstanding loan balances according to the Company's impairment method are summarized as follows: June 30, 2021 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ 10 $ 163 $ — $ 173 Collectively evaluated for impairment 12 6,947 8,248 15,207 Total $ 22 $ 7,110 $ 8,248 $ 15,380 Outstanding loan balances: Individually evaluated for impairment $ 10 $ 2,555 $ — $ 2,565 Collectively evaluated for impairment 765 2,110,436 118,201 2,229,402 Total $ 775 $ 2,112,991 $ 118,201 $ 2,231,967 December 31, 2020 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ 10 $ 129 $ — $ 139 Collectively evaluated for impairment 12 9,164 17,744 26,920 Total $ 22 $ 9,293 $ 17,744 $ 27,059 Outstanding loan balances: Individually evaluated for impairment $ 10 $ 1,283 $ — $ 1,293 Collectively evaluated for impairment 662 2,278,389 147,652 2,426,703 Total $ 672 $ 2,279,672 $ 147,652 $ 2,427,996
Financing Receivable, Past Due	Past due loans (accruing and nonaccruing) are summarized as follows: June 30, 2021 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 775 $ — $ — $ — $ 775 $ — $ — Commercial and industrial 2,105,395 4,280 3,316 7,596 2,112,991 3,316 — Consumer loans 115,963 1,715 523 2,238 118,201 523 — Total loans $ 2,222,133 $ 5,995 $ 3,839 $ 9,834 $ 2,231,967 $ 3,839 $ — December 31, 2020 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 672 $ — $ — $ — $ 672 $ — $ — Commercial and industrial 2,265,150 7,153 7,369 14,522 2,279,672 7,369 — Consumer loans 142,418 3,902 1,332 5,234 147,652 1,332 — Total loans $ 2,408,240 $ 11,055 $ 8,701 $ 19,756 $ 2,427,996 $ 8,701 $ — (a) Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
Financing Receivable Credit Quality Indicators	Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows: June 30, 2021 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 765 $ — $ 10 $ — $ 775 Commercial and industrial 211,040 1,895,588 3,808 2,555 — 2,112,991 Consumer loans 118,201 — — — — 118,201 Total loans $ 329,241 $ 1,896,353 $ 3,808 $ 2,565 $ — $ 2,231,967 December 31, 2020 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 662 $ — $ 10 $ — $ 672 Commercial and industrial 194,338 2,080,623 3,428 1,283 — 2,279,672 Consumer loans 147,652 — — — — 147,652 Total loans $ 341,990 $ 2,081,285 $ 3,428 $ 1,293 $ — $ 2,427,996
Impaired Financing Receivables	Information on impaired loans is summarized as follows: Recorded Investment June 30, 2021 Unpaid Principal With No With Total Recorded Related Average Recorded Commercial real estate loans $ 10 $ — $ 10 $ 10 $ 10 $ 11 Commercial and industrial 2,555 — 2,555 2,555 163 1,726 Total loans $ 2,565 $ — $ 2,565 $ 2,565 $ 173 $ 1,737 Recorded Investment December 31, 2020 Unpaid Principal With No With Total Recorded Related Average Recorded Commercial real estate loans $ 10 $ — $ 10 $ 10 $ 10 $ 11 Commercial and industrial 1,283 — 1,283 1,283 129 2,319 Total loans $ 1,293 $ — $ 1,293 $ 1,293 $ 139 $ 2,330

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	A summary of Inventories, net is as follows: June 30, 2021 December 31, 2020 Finished products $ 36,890 $ 41,894 In-process 31,248 24,590 Raw materials 50,659 39,613 Fine and fabricated precious metal in various stages of completion 42,121 34,269 160,918 140,366 LIFO reserve (2,983) (3,280) Total $ 157,935 $ 137,086
Inventory Supplemental Disclosure	June 30, 2021 December 31, 2020 Supplemental inventory information: Precious metals stated at LIFO cost $ 3,950 $ 4,956 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 35,188 $ 26,033 Market value per ounce: Silver $ 26.02 $ 26.28 Gold $ 1,777.76 $ 1,891.70 Palladium $ 2,639.69 $ 2,448.54

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Reconciliation of the change in the carrying value of goodwill	A summary of the change in the carrying amount of goodwill by reportable segment is as follows: Diversified Industrial Energy Financial Services Corporate and Other Total Balance as of December 31, 2020 Gross goodwill $ 183,181 $ 67,143 $ 6,515 $ 81 $ 256,920 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill 141,903 2,353 6,515 81 150,852 Divestitures (a) (2,813) — — — (2,813) Currency translation adjustments (7) — — — (7) Balance as of June 30, 2021 Gross goodwill 180,361 67,143 6,515 81 254,100 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill $ 139,083 $ 2,353 $ 6,515 $ 81 $ 148,032 (a) Related to the d ivestiture
Summary of Intangible Assets	A summary of Other intangible assets, net is as follows: June 30, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 212,752 $ 128,694 $ 84,058 $ 213,984 $ 122,785 $ 91,199 Trademarks, trade names and brand names 50,518 20,529 29,989 51,189 20,209 30,980 Developed technology, patents and patent applications 32,426 20,628 11,798 32,319 19,724 12,595 Other 18,773 15,758 3,015 18,777 14,970 3,807 Total $ 314,469 $ 185,609 $ 128,860 $ 316,269 $ 177,688 $ 138,581
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on gross carrying amounts at June 30, 2021, the Company's estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2021 through 2025 is presented in the table below. Year Ending December 31, 2021 2022 2023 2024 2025 Estimated amortization expense $ 20,106 $ 17,887 $ 16,891 $ 16,317 $ 14,902

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities and Equity Method Investments	The following table summarizes the Company's long-term investments as of June 30, 2021 and December 31, 2020. Ownership % Long-Term Investments Balance June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Corporate securities (a) $ 191,764 $ 210,538 Collateralized debt securities 450 450 Steel Connect, Inc. ("STCN") convertible notes (b) 14,881 14,258 STCN preferred stock (c) 34,718 32,832 STCN common stock 28.8 % 29.0 % 39,820 14,309 Aviat Networks, Inc. ("Aviat") common stock (d) — % 10.1 % — 18,910 Total $ 281,633 $ 291,297 (a) Corporate securities primarily include the Company's investment in the common stock of Aerojet Rocketdyne Holdings, Inc. ("Aerojet"). The Company owned 4.9% and 5.1% of Aerojet common stock as of June 30, 2021 and December 31, 2020, respectively. The fair value of the investment in Aerojet was $189,956 and $208,758 as of June 30, 2021 and December 31, 2020, respectively. Gross unrealized gains for all Corporate securities totaled $178,842 and $145,480 at June 30, 2021 and 2020 . In December 2020, Aerojet's Board of Directors declared a one-time cash dividend of $5.00 per share (the "Pre-Closing Dividend") which was paid on March 24, 2021 to the holders of Aerojet's shares as of the close of business on March 10, 2021. During the three months ended March 31, 2021, the Company recognized the $19,740 Aerojet one-time dividend in Other income, net. (b) Represents investment in STCN convertible notes, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The Company entered into a convertible note with STCN ("STCN Note") on February 28, 2019, which matures on March 1, 2024. The cost basis of the STCN Note totaled $14,943 as of both June 30, 2021 and December 31, 2020. The STCN Note is convertible into shares of STCN's common stock at an initial conversion rate of 421.2655 shares of common stock per $1,000 (whole dollars) principal amount of the STCN Note (which is equivalent to an initial conversion price of approximately $2.37 per share), subject to adjustment upon the occurrence of certain events. The STCN Notes, if converted as of June 30, 2021, when combined with STCN common and preferred shares, also if converted, owned by the Company, would result in the Company having a direct interest of approximately 48.5% of STCN's outstanding shares. (c) Represents investment in shares of STCN preferred stock, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The investment in STCN preferred stock had a cost basis of $35,688 at June 30, 2021 and December 31, 2020. Each share of preferred stock can be converted into shares of STCN's common stock at an initial conversion price equal to $1.96 per share, subject to adjustment upon the occurrence of certain events. (d) During the three months ended March 31, 2021, the Company sold its remaining investment in Aviat for total proceeds of approximately $24,100. (Income) Loss of Associated Companies, Net of Taxes Three Months Ended Six Months Ended 2021 2020 2021 2020 STCN convertible notes $ (35) $ (337) $ (622) $ 3,314 STCN preferred stock 647 (1,130) (1,810) 15,015 STCN common stock (3,452) 2,419 (22,630) 13,870 Aviat common stock — (5,845) (3,899) (2,125) Other — — — (460) Total $ (2,840) $ (4,893) $ (28,961) $ 29,614
Unrealized Gain (Loss) on Investments	The amount of unrealized gains (losses) for the three and six months ended June 30, 2021 and 2020 that relate to equity securities still held as of June 30, 2021 and 2020, respectively, are as follows: Three Months Ended Six Months Ended 2021 2020 2021 2020 Net gains (losses) recognized during the period on equity securities $ 4,470 $ (8,482) $ (18,779) $ (26,484) Less: Net gains (losses) recognized during the period on equity securities sold during the period 43 (27,310) 36 (43,662) Unrealized gains (losses) recognized during the period on equity securities still held at the end of the period $ 4,427 $ 18,828 $ (18,815) $ 17,178
Schedule of Additional Disclosures of Associated Companies	The following summary (unaudited) statements of operations amounts are for STCN for the three months and six months ended April 30, 2021 and 2020, which are STCN's nearest corresponding full fiscal quarter to the Company's fiscal quarters ended June 30, 2021 and 2020, respectively. Three Months Ended Six Months Ended 2021 2020 2021 2020 Summary operating results: Net revenue $ 151,785 $ 177,351 $ 307,832 $ 392,803 Gross profit 32,247 33,470 $ 68,097 $ 78,719 Net loss $ (27,629) $ (6,159) $ (29,825) $ (9,716)
Schedule of Held-to-Maturity Securities	The amount and contractual maturities of HTM debt securities are noted in the tables below. Actual maturities may differ from expected or contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. The securities are collateralized by unsecured consumer loans. June 30, 2021 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 21,612 $ 25 $ 21,637 $ 21,612 Contractual maturities within: One year to five years 5,931 Five years to ten years 13,879 After ten years 1,802 Total $ 21,612 December 31, 2020 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 16,868 $ 109 $ 16,977 $ 16,868 Contractual maturities within: One year to five years 7,563 Five years to ten years 7,193 After ten years 2,112 Total $ 16,868

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term and Short-term Debt	The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below: June 30, 2021 December 31, 2020 Short term debt: Foreign $ 523 $ 397 Short-term debt 523 397 Long-term debt: Credit Agreement 290,850 332,350 Other debt - foreign 168 230 Other debt - domestic 1,122 1,173 Subtotal 292,140 333,753 Less: portion due within one year 10,269 10,361 Long-term debt 281,871 323,392 Total debt $ 292,663 $ 334,150
Schedule of Maturities of Long-term Debt	As of June 30, 2021 long-term debt maturities in each of the next five years as follows: Total 2021 2022 2023 2024 2025 Thereafter Long-term debt (a) $ 292,140 $ 10,269 $ 281,871 $ — $ — $ — $ — (a) As of June 30, 2021, long term debt of $10,269 is expected to mature over the following twelve months.

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Forward or Future Contracts with Settlement Dates	As of June 30, 2021, the Company had the following outstanding forward contracts with settlement dates through July 2021. There were no futures contracts outstanding as of June 30, 2021. Commodity Amount Notional Value Silver (ounces) 29,969 $ 778 Gold (ounces) 1,197 $ 2,127 Palladium (ounces) 1,173 $ 3,013 Copper (pounds) 325,000 $ 1,464 Tin (metric tons) 34 $ 1,063
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value and carrying amount of derivative instruments on the Company's consolidated balance sheets are as follows: Fair Value of Derivative Assets (Liabilities) June 30, 2021 December 31, 2020 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as ASC 815 hedges Commodity contracts Prepaid expenses and other current assets $ 78 Accrued liabilities $ (6) Derivatives not designated as ASC 815 hedges Commodity contracts Accrued liabilities $ (125) Accrued liabilities $ (163) Economic interests in loans Other non-current assets $ 9,135 Other non-current assets $ 11,599
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The effects of derivatives not designated as ASC 815 hedging instruments on the consolidated statements of operations for the three and six months ended June 30, 2021 and 2020 are as follows: Derivatives Not Designated as Hedging Instruments: Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income Three Months Ended Six Months Ended 2021 2020 2021 2020 Commodity contracts Other income (expense), net $ (500) $ (329) $ (715) $ (736) Economic interests in loans Financial services revenue 7,682 (320) 9,135 2,660 Total $ 7,182 $ (649) $ 8,420 $ 1,924

Pension and Other Post-Retire_2

Pension and Other Post-Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents the components of pension expense for the Company's significant pension plans. The Company's other pension and post-retirement benefit plans are not significant individually or in the aggregate. Three Months Ended Six Months Ended 2021 2020 2021 2020 Interest cost $ 1,876 $ 3,275 $ 3,753 $ 6,550 Expected return on plan assets (6,322) (5,574) (12,643) (11,148) Amortization of actuarial loss 2,945 2,849 5,889 5,698 Total $ (1,501) $ 550 $ (3,001) $ 1,100

Capital and Accumulated Other_2

Capital and Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income	Changes, net of tax, where applicable, in AOCI are as follows: Unrealized loss on available-for-sale debt securities Unrealized (loss) gain on derivative financial instruments Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2020 $ (274) $ — $ (12,828) $ (159,547) $ (172,649) Net other comprehensive loss attributable to common unitholders — — (217) — (217) Balance at March 31, 2021 (274) — (13,045) (159,547) (172,866) Net other comprehensive income attributable to common unitholders — — 614 — 614 Balance at June 30, 2021 $ (274) $ — $ (12,431) $ (159,547) $ (172,252) Unrealized loss on available-for-sale securities Unrealized (loss) gain on derivative financial instruments Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2019 $ (274) $ (14) $ (25,166) $ (165,968) $ (191,422) Net other comprehensive loss attributable to common unitholders — — (2,936) — (2,936) Deconsolidation of API — 14 10,522 6,945 17,481 Balance at March 31, 2020 (274) — (17,580) (159,023) (176,877) Net other comprehensive income attributable to common unitholders — — 1,373 — 1,373 Balance at June 30, 2020 $ (274) $ — $ (16,207) $ (159,023) $ (175,504)

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Unit (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following data was used in computing net income (loss) per common unit shown in the Company's consolidated statements of operations: Three Months Ended Six Months Ended 2021 2020 2021 2020 Net income (loss) from continuing operations $ 27,435 $ 17 $ 80,777 $ (36,462) Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (323) (191) (714) (321) Net income (loss) from continuing operations attributable to common unitholders 27,112 (174) 80,063 (36,783) Net gain (loss) from discontinued operations attributable to common unitholders 128 (1,260) 128 (25,529) Net income (loss) attributable to common unitholders 27,240 (1,434) 80,191 (62,312) Effect of dilutive securities: Interest expense from SPLP Preferred Units (a), (b) 3,076 — 6,145 — Net income (loss) attributable to common unitholders – assuming dilution $ 30,316 $ (1,434) $ 86,336 $ (62,312) Net income (loss) per common unit - basic Net income (loss) from continuing operations $ 1.24 $ (0.01) $ 3.60 $ (1.48) Net income (loss) from discontinued operations 0.01 (0.05) 0.01 (1.03) Net income (loss) attributable to common unitholders $ 1.25 $ (0.06) $ 3.61 $ (2.51) Net income (loss) per common unit - diluted Net income (loss) from continuing operations $ 1.02 $ (0.01) $ 2.67 $ (1.48) Net income (loss) from discontinued operations 0.01 (0.05) 0.01 (1.03) Net income (loss) attributable to common unitholders $ 1.03 $ (0.06) $ 2.68 $ (2.51) Denominator for net income (loss) per common unit – basic 21,829,714 24,958,026 22,222,557 24,989,440 Effect of dilutive securities: Incentive units 1,039,469 — 519,735 — Unvested restricted common units 166,377 — 148,884 — SPLP Preferred Units 6,525,677 — 9,352,334 — Denominator for net income (loss) per common unit – diluted (a), (b) 29,561,237 24,958,026 32,243,510 24,989,440 (a) Assumes the SPLP Preferred Units were redeemed in common units as described in Note 12 - "Capital and Accumulated Other Comprehensive Loss." (b) For the three months ended June 30, 2020 , the diluted per unit calculation does not include the potential impact of 28,803,727 SPLP Preferred Units and 112,025 of unvested restricted common units, since the impact would have been anti-dilutive. For the six months ended June 30, 2020 the diluted per unit calculation does not include 30,454,112 of SPLP Preferred Units and 72,479 of unvested restricted common units, since the impact would have been anti-dilutive.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	Financial assets and liabilities measured at fair value on a recurring basis in the Company's consolidated financial statements as of June 30, 2021 and December 31, 2020 are summarized by type of inputs applicable to the fair value measurements as follows: June 30, 2021 Level 1 Level 2 Level 3 Total Assets: Marketable securities (a) $ — $ — $ — $ — Long-term investments (a) 230,649 — 50,984 281,633 Precious metal and commodity inventories recorded at fair value 37,532 — — 37,532 Economic interests in loans (b) — — 9,135 9,135 Commodity contracts on precious metal and commodity inventories — 78 — 78 Warrants (c) — — 5,077 5,077 Total $ 268,181 $ 78 $ 65,196 $ 333,455 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 125 $ — $ 125 Other precious metal liabilities 38,295 — — 38,295 Total $ 38,295 $ 125 $ — $ 38,420 December 31, 2020 Level 1 Level 2 Level 3 Total Assets: Marketable securities (a) $ 88 $ 18 $ — $ 106 Long-term investments (a) 242,863 — 48,434 291,297 Precious metal and commodity inventories recorded at fair value 27,324 — — 27,324 Economic interests in loans (b) — — 11,599 11,599 Warrants (c) — — 2,618 2,618 Total $ 270,275 $ 18 $ 62,651 $ 332,944 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 169 $ — $ 169 Other precious metal liabilities 28,315 — — 28,315 Total $ 28,315 $ 169 $ — $ 28,484 (a) For additional detail of the marketable securities and long-term investments see Note 8 - "Investments." (b) For additional detail of the economic interests in loans see Note 10 – “Financial Instruments”. (c) Included within Other non-current assets in the Company's consolidated balance sheets.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Following is a summary of changes in financial assets measured using Level 3 inputs: Long Term Investments (a) Economic Interests in Loans (b) Warrants (b) Total Balance as of December 31, 2020 $ 48,434 $ 11,599 $ 2,618 $ 62,651 Purchases 41 — — 41 Sales and cash collections — (5,069) (2,377) (7,446) Realized gains — 2,605 4,836 7,441 Unrealized gains 2,509 — — 2,509 Balance as of June 30, 2021 $ 50,984 $ 9,135 $ 5,077 $ 65,196 Balance as of December 31, 2019 $ 53,658 $ 18,633 $ 2,086 $ 74,377 Sales and cash collections — (4,112) — (4,112) Realized gains — 2,980 — 2,980 Unrealized losses (19,277) — — (19,277) Balance as of June 30, 2020 $ 34,381 $ 17,501 $ 2,086 $ 53,968 (a) Unrealized gains and losses are recorded in (Income) loss of associated companies, net of taxes in the Company's consolidated statements of operations. (b) Realized and unrealized gains and losses are recorded in Realized and unrealized (gains) losses on securities, net or Financial services revenue in the Company's consolidated statements of operations.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment information is presented below: Three Months Ended Six Months Ended 2021 2020 2021 2020 Revenue: Diversified Industrial net sales $ 305,759 $ 251,108 $ 554,248 $ 512,718 Energy net revenue 41,768 14,302 73,854 52,904 Financial Services revenue 38,906 28,963 72,824 75,961 Total revenue $ 386,433 $ 294,373 $ 700,926 $ 641,583 Income (loss) from continuing operations before interest expense and income taxes: Diversified Industrial $ 35,832 $ 11,070 $ 63,536 $ 26,221 Energy 3,644 (1,952) 6,461 (1,750) Financial Services 23,718 (815) 44,167 3,191 Corporate and Other 5,158 (1,610) 27,590 (52,265) Income (loss) from continuing operations before interest expense and income taxes 68,352 6,693 141,754 (24,603) Interest expense 5,504 7,722 10,970 16,349 Income tax provision (benefit) 35,413 (1,046) 50,007 (4,490) Net income (loss) from continuing operations $ 27,435 $ 17 $ 80,777 $ (36,462) (Income) loss of associated companies, net of taxes: Corporate and Other $ (2,840) $ (4,893) $ (28,961) $ 29,614 Total $ (2,840) $ (4,893) $ (28,961) $ 29,614 Segment depreciation and amortization: Diversified Industrial $ 11,843 $ 12,383 $ 23,815 $ 24,650 Energy 3,066 3,731 6,060 7,487 Financial Services 121 92 245 263 Corporate and Other 40 39 79 80 Total depreciation and amortization $ 15,070 $ 16,245 $ 30,199 $ 32,480

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2021
Regulatory Matters [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	WebBank expects that its capital ratios under Basel III will continue to exceed the well capitalized minimum capital requirements, and such amounts are disclosed in the table below: Amount of Capital Required Actual For Capital Minimum Capital Adequacy With To Be Well Capitalized Under Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of June 30, 2021 Total Capital (to risk-weighted assets) $ 235,613 36.50 % $ 51,684 8.00 % $ 67,835 10.50 % $ 64,605 10.00 % Tier 1 Capital (to risk-weighted assets) $ 227,448 35.20 % $ 38,763 6.00 % $ 54,914 8.50 % $ 51,684 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 227,448 35.20 % $ 29,072 4.50 % $ 45,223 7.00 % $ 41,993 6.50 % Tier 1 Capital (to average assets) $ 227,448 28.40 % $ 32,002 4.00 % n/a n/a $ 40,002 5.00 % As of December 31, 2020 Total Capital (to risk-weighted assets) $ 212,002 34.30 % $ 49,512 8.00 % $ 64,985 10.50 % $ 61,891 10.00 % Tier 1 Capital (to risk-weighted assets) $ 204,028 33.00 % $ 37,134 6.00 % $ 52,607 8.50 % $ 49,512 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 204,028 33.00 % $ 27,851 4.50 % $ 43,323 7.00 % $ 40,229 6.50 % Tier 1 Capital (to average assets) $ 204,028 32.40 % $ 25,219 4.00 % n/a n/a $ 31,523 5.00 % `

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	A summary of supplemental cash flow information for the six months ended June 30, 2021 and 2020 is presented in the following table: Six Months Ended June 30, 2021 2020 Cash paid during the period for: Interest $ 12,607 $ 18,968 Taxes $ 5,819 $ 24,370

Restatement of Previously Iss_2

Restatement of Previously Issued Consolidated Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	Three Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Operations As Corrected Revenue: Diversified Industrial net sales $ 252,172 $ (1,064) $ 251,108 Energy net revenue 14,302 — 14,302 Financial Services revenue 28,963 — 28,963 Total revenue 295,437 (1,064) 294,373 Costs and expenses: Cost of goods sold 195,199 1,025 196,224 Selling, general and administrative expenses 74,936 (2,797) 72,139 Asset impairment charges — — — Finance interest expense 3,475 — 3,475 Provision for loan losses 14,253 — 14,253 Interest expense 7,722 — 7,722 Realized and unrealized gains on securities, net 8,482 — 8,482 Other income, net (2,000) — (2,000) Total costs and expenses 302,067 (1,772) 300,295 (Loss) income before income taxes and equity method investments (6,630) 708 (5,922) Income tax (benefit) provision (1,320) 274 (1,046) Income of associated companies, net of taxes (4,893) — (4,893) Net (loss) income from continuing operations (417) 434 17 Discontinued operations Loss from discontinued operations, net of taxes (280) — (280) Net loss on deconsolidation of discontinued operations (980) — (980) Net Loss from discontinued operations, net of taxes (1,260) — (1,260) Net (loss) income (1,677) 434 (1,243) Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (191) — (191) Net (loss) income attributable to common unitholders $ (1,868) $ 434 $ (1,434) Net (loss) income per common unit - basic and diluted Net (loss) income from continuing operations $ (0.02) $ 0.01 $ (0.01) Net loss from discontinued operations (0.05) — (0.05) Net (loss) income attributable to common unitholders $ (0.07) $ 0.01 $ (0.06) Weighted-average number of common units outstanding - basic 24,958,026 24,958,026 24,958,026 Weighted-average number of common units outstanding - diluted 24,958,026 24,958,026 24,958,026 Six Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Operations As Corrected Revenue: Diversified Industrial net sales $ 514,472 $ (1,754) $ 512,718 Energy net revenue 52,904 — 52,904 Financial Services revenue 75,961 — 75,961 Total revenue 643,337 (1,754) 641,583 Costs and expenses: Cost of goods sold 416,278 794 417,072 Selling, general and administrative expenses 151,600 (3,533) 148,067 Asset impairment charges 617 — 617 Finance interest expense 6,909 — 6,909 Provision for loan losses 40,390 — 40,390 Interest expense 16,037 312 16,349 Realized and unrealized gains on securities, net 26,484 — 26,484 Other income, net (2,967) — (2,967) Total costs and expenses 655,348 (2,427) 652,921 (Loss) income before income taxes and equity method investments (12,011) 673 (11,338) Income tax (benefit) provision (4,749) 259 (4,490) Loss of associated companies, net of taxes 29,614 — 29,614 Net (loss) income from continuing operations (36,876) 414 (36,462) Discontinued operations Loss from discontinued operations, net of taxes (2,581) — (2,581) Net (loss) income on deconsolidation of discontinued operations (23,827) 879 (22,948) Net (Loss) income from discontinued operations, net of taxes (26,408) 879 (25,529) Net (loss) income (63,284) 1,293 (61,991) Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (321) — (321) Net (loss) income attributable to common unitholders $ (63,605) $ 1,293 $ (62,312) Net (loss) income per common unit - basic and diluted Net (loss) income from continuing operations $ (1.49) $ 0.01 $ (1.48) Net (loss) income from discontinued operations (1.06) 0.03 (1.03) Net (loss) income attributable to common unitholders $ (2.55) $ 0.04 $ (2.51) Weighted-average number of common units outstanding - basic 24,989,440 24,989,440 24,989,440 Weighted-average number of common units outstanding - diluted 24,989,440 24,989,440 24,989,440 Three Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Comprehensive (Loss) Income As Corrected Net (loss) income $ (1,677) $ 434 $ (1,243) Other comprehensive income, net of tax: Currency translation adjustments 1,373 — 1,373 Other comprehensive income 1,373 — 1,373 Comprehensive (loss) income (304) 434 130 Comprehensive income attributable to noncontrolling interests (191) — (191) Comprehensive (loss) income attributable to common unitholders $ (495) $ 434 $ (61) Six Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Comprehensive (Loss) Income As Corrected Net (loss) income $ (63,284) $ 1,293 $ (61,991) Other comprehensive loss, net of tax: Currency translation adjustments (1,563) — (1,563) Other comprehensive loss (1,563) — (1,563) Comprehensive (loss) income (64,847) 1,293 (63,554) Comprehensive income attributable to noncontrolling interests (321) — (321) Comprehensive (loss) income attributable to common unitholders $ (65,168) $ 1,293 $ (63,875) As Previously Reported Adjustments for Error Corrections Consolidated Statement of Changes in Capital As Corrected Balance at December 31, 2019 $ 476,419 $ (9,786) $ 466,633 Net (loss) income (61,607) 859 (60,748) Currency translation adjustments (2,936) — (2,936) Equity compensation - restricted units 104 — 104 Deconsolidation of API 17,481 — 17,481 Other, net 58 — 58 Balance at March 31, 2020 $ 429,519 $ (8,927) $ 420,592 Net (loss) income (1,677) 434 (1,243) Currency translation adjustments 1,373 — 1,373 Equity compensation - restricted units 49 — 49 Other, net 25 — 25 Balance at June 30, 2020 $ 429,289 $ (8,493) $ 420,796 Six Months Ended June 30, 2020 As Previously Reported Adjustments for Error Corrections Consolidated Statement of Cash Flows As Corrected Cash flows from operating activities: Net (loss) income $ (63,284) $ 1,293 $ (61,991) (Loss) gain from discontinued operations (26,408) 879 (25,529) Net (loss) income from continuing operations (36,876) 414 (36,462) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Provision for loan losses 40,390 — 40,390 Loss of associated companies, net of taxes 29,614 — 29,614 Realized and unrealized losses on securities, net 26,484 — 26,484 Derivative gains on economic interests in loans (2,660) — (2,660) Deferred income taxes (7,209) 393 (6,816) Depreciation and amortization 32,480 — 32,480 Non-cash lease expense 4,743 — 4,743 Equity-based compensation 256 — 256 Asset impairment charges 617 — 617 Other 2,409 16 2,425 Net change in operating assets and liabilities: Trade and other receivables 11,354 (1,646) 9,708 Inventories 6,714 (968) 5,746 Prepaid expenses and other assets 1,746 — 1,746 Accounts payable, accrued and other liabilities (3,805) 1,791 (2,014) Net decrease in loans held for sale 153,635 — 153,635 Net cash provided by operating activities - continuing operations 259,892 — 259,892 Net cash used in operating activities - discontinued operations (1,671) — (1,671) Total cash provided by operating activities 258,221 — 258,221 Cash flows from investing activities: Purchases of investments (6,363) — (6,363) Proceeds from sales of investments 2,327 — 2,327 Proceeds from maturities of investments 27,206 — 27,206 Loan originations, net of collections (2,023,616) — (2,023,616) Purchases of property, plant and equipment (11,035) — (11,035) Proceeds from sale of property, plant and equipment 3,067 — 3,067 Acquisition, net of cash acquired (3,500) — (3,500) Net cash used in investing activities - continuing operations (2,011,914) — (2,011,914) Net cash provided by (used in) investing activities - discontinued operations — — — Net cash used in investing activities (2,011,914) — (2,011,914) Cash flows from financing activities: Net revolver borrowings 33,654 — 33,654 Repayments of term loans (6,477) — (6,477) Repayments of other borrowings — — — Proceeds from other borrowings 2,032,236 — 2,032,236 Distribution to preferred unitholders (40,000) — (40,000) Deferred finance charges (1,474) — (1,474) Net decrease in deposits (296,714) — (296,714) Net cash provided by financing activities - continuing operations 1,721,225 — 1,721,225 Net cash used in financing activities - discontinued operations — — — Net cash provided by financing activities 1,721,225 — 1,721,225 Net change for the period (32,468) — (32,468) Effect of exchange rate changes on cash and cash equivalents 84 — 84 Cash, cash equivalents and restricted cash at beginning of period 139,467 (1,519) 137,948 Cash and cash equivalents at end of period, including cash of discontinued operations $ 107,083 $ (1,519) $ 105,564

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 386,433	$ 294,373	$ 700,926	$ 641,583
United States
Disaggregation of Revenue [Line Items]
Total revenue	360,126	273,454	655,994	601,053
Foreign
Disaggregation of Revenue [Line Items]
Total revenue	$ 26,307	$ 20,919	$ 44,932	$ 40,530

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract asset	$ 11,929	$ 17,119

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Contract with Customer, Liability, Current Roll Forward [Abstract]
Beginning balance	$ 7,707	$ 6,820
Deferral of revenue	7,807	7,579
Recognition of unearned revenue	(8,136)	(6,431)
Ending balance	$ 7,378	$ 7,968

Discontinued Operations - Compo

Discontinued Operations - Components of Net Loss From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Gain (loss) from discontinued operations, net of taxes	$ 128	$ (280)	$ 128	$ (2,581)
Gain upon initial deconsolidation of API	0	0	0	30,516
Loss from guarantee liability	0	(980)	0	(53,464)
Net gain (loss) from discontinued operations, net of taxes	$ 128	$ (1,260)	$ 128	$ (25,529)

Discontinued Operations - State

Discontinued Operations - Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Costs and expenses:
Gain (loss) before income taxes	$ 0	$ (980)	$ 0	$ (22,948)
Net gain (loss) from discontinued operations, net of taxes	128	(1,260)	128	(25,529)
API | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	0	0	6,388
Costs and expenses:
Cost of goods sold	0	0	0	6,085
Selling, general and administrative expenses	(128)	280	(128)	2,499
Other expenses, net	0	0	0	385
Total costs and expenses	(128)	280	(128)	8,969
Gain (loss) before income taxes	128	(280)	128	(2,581)
Income tax benefit	0	0	0	0
Net gain (loss) from discontinued operations, net of taxes	$ 128	$ (280)	$ 128	$ (2,581)

Acquisitions and Divestitures -

Acquisitions and Divestitures - Acquisitions (Details) - USD ($) $ in Thousands	Jan. 23, 2020	Jun. 30, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill		$ 148,032	$ 150,852
Metallon
Business Acquisition [Line Items]
Cash consideration	$ 3,500
Goodwill	2,300
Recognized finite-lived intangible identifiable assets	800
Property, plant and equipment acquired	$ 400

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Divestitures (Details) - USD ($) $ in Thousands	Feb. 01, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of Edge business				$ 16,000	$ 0
Gain on sale of Edge business				8,096	0
Total revenue		$ 386,433	$ 294,373	$ 700,926	$ 641,583
Edge
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of Edge business	$ 16
Gain on sale of Edge business	$ 8,096
Total revenue						$ 17,534
Operating income						$ 1,250

Loans Receivable, Including L_3

Loans Receivable, Including Loans Held For Sale - Loans Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 2,231,967		$ 2,427,996
Financing receivable, ratio to total, including loans held for sale (as a percent)	100.00%		100.00%
Financing receivable, gross, current	$ 284,543		$ 244,979
Financing receivable, gross, non-current	1,947,423		2,183,017
Allowance for loan losses, total	(15,380)	$ (19,984)	(27,059)	$ (58,960)	$ (52,423)	$ (36,682)
Allowance for loan losses, current	(15,380)		(27,059)
Allowance for loan losses, non-current	0		0
Total loans receivable, net	2,216,587		2,400,937
Loans receivable, net, current	269,163		217,920
Loans receivable, net, noncurrent	1,947,423		2,183,017
Loans receivable, including loans held for sale, current	410,255		306,091
Loans receivable, including loans held for sale, non-current	1,947,423		2,183,017
Estimate of Fair Value Measurement
Receivable [Line Items]
Total loans receivable, net	2,359,540		2,498,218
Loans held for sale
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	141,092		88,171
Financing receivable, gross, current	141,092		88,171
Financing receivable, gross, non-current	0		0
Commercial real estate loans
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 775		$ 672
Financing receivable, ratio to total, including loans held for sale (as a percent)	0.00%		0.00%
Financing receivable, gross, current	$ 0		$ 0
Financing receivable, gross, non-current	775		672
Commercial and industrial
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 2,112,991		$ 2,279,672
Financing receivable, ratio to total, including loans held for sale (as a percent)	95.00%		94.00%
Financing receivable, gross, current	$ 202,519		$ 221,469
Financing receivable, gross, non-current	1,910,472		2,058,203
Consumer loans
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 118,201		$ 147,652
Financing receivable, ratio to total, including loans held for sale (as a percent)	5.00%		6.00%
Financing receivable, gross, current	$ 82,024		$ 23,510
Financing receivable, gross, non-current	36,176		124,142
Allowance for loan losses, total	$ (8,248)	$ (12,724)	$ (17,744)	$ (37,028)	$ (33,284)	$ (25,738)

Loans Receivable, Including L_4

Loans Receivable, Including Loans Held For Sale - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Receivable [Line Items]
Pledged as collateral	$ 68,410	$ 68,410		$ 23,248
Increase in loans held for sale		4,572,063	$ 6,768,053
Recorded investment in accruing loans 90+ days past due	3,839	3,839		8,701
Amount recognized		68	77
Total PPP loans	2,231,967	2,231,967		2,427,996
Other borrowings	$ 1,969,687	$ 1,969,687		2,090,223
Consumer loans
Receivable [Line Items]
Financing receivable, threshold period past due, writeoff	120 days	120 days
Recorded investment in accruing loans 90+ days past due	$ 523	$ 523		1,332
Total PPP loans	$ 118,201	$ 118,201		147,652
Small and Medium Business Loans
Receivable [Line Items]
Financing receivable, threshold period past due, writeoff	180 days	180 days
Commercial and industrial
Receivable [Line Items]
Recorded investment in accruing loans 90+ days past due	$ 3,316	$ 3,316		7,369
Total PPP loans	2,112,991	2,112,991		2,279,672
Liabilities Associated with PPP Loan
Receivable [Line Items]
Other borrowings	1,965,305	1,965,305
Loan Modifications, COVID-19
Receivable [Line Items]
Total PPP loans	10,271	10,271
Short-term deferments on loan balances	$ 8,127	$ 8,127
Percentage of total loan balances	0.46%	0.46%
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Receivable [Line Items]
Total PPP loans	$ 1,839,821	$ 1,839,821		2,047,769
WebBank
Receivable [Line Items]
Servicing asset	2,813	2,813		$ 2,828
Proceeds from loans held for sale		4,513,036	$ 6,919,881
Allowance for loan loss decrease	$ 4,604	$ 11,679
Allowance for loan loss decrease, percentage	23.00%	43.00%

Loans Receivable, Including L_5

Loans Receivable, Including Loans Held For Sale - Changes in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 19,984	$ 27,059	$ 52,423	$ 36,682
Charge-offs	(4,291)	(7,276)	(8,468)	(11,199)
Recoveries	1,254	916	752	803
(Benefit) Provision	(1,567)	(715)	14,253	26,137
Ending balance	15,380	19,984	58,960	52,423
Commercial real estate loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	22	22	23	24
Charge-offs	0	0	0	0
Recoveries	6	6	10	1
(Benefit) Provision	(6)	(6)	(12)	(2)
Ending balance	22	22	21	23
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	7,238	9,293	19,116	10,920
Charge-offs	(1,821)	(3,607)	(2,315)	(3,898)
Recoveries	885	514	170	149
(Benefit) Provision	808	1,038	4,940	11,945
Ending balance	7,110	7,238	21,911	19,116
Consumer loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	12,724	17,744	33,284	25,738
Charge-offs	(2,470)	(3,669)	(6,153)	(7,301)
Recoveries	363	396	572	653
(Benefit) Provision	(2,369)	(1,747)	9,325	14,194
Ending balance	$ 8,248	$ 12,724	$ 37,028	$ 33,284

Loans Receivable, Including L_6

Loans Receivable, Including Loans Held For Sale - Allowance for Loan and Lease Losses and Outstanding Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	$ 173		$ 139
Allowance for loan losses, collectively evaluated for impairment	15,207		26,920
Allowance for loan losses, total	15,380	$ 19,984	27,059	$ 58,960	$ 52,423	$ 36,682
Outstanding loan balances, individually evaluated for impairment	2,565		1,293
Outstanding loan balances, collectively evaluated for impairment	2,229,402		2,426,703
Total Loans	2,231,967		2,427,996
Commercial real estate loans
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	10		10
Allowance for loan losses, collectively evaluated for impairment	12		12
Allowance for loan losses, total	22	22	22	21	23	24
Outstanding loan balances, individually evaluated for impairment	10		10
Outstanding loan balances, collectively evaluated for impairment	765		662
Total Loans	775		672
Commercial and industrial
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	163		129
Allowance for loan losses, collectively evaluated for impairment	6,947		9,164
Allowance for loan losses, total	7,110	7,238	9,293	21,911	19,116	10,920
Outstanding loan balances, individually evaluated for impairment	2,555		1,283
Outstanding loan balances, collectively evaluated for impairment	2,110,436		2,278,389
Total Loans	2,112,991		2,279,672
Consumer loans
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	0		0
Allowance for loan losses, collectively evaluated for impairment	8,248		17,744
Allowance for loan losses, total	8,248	$ 12,724	17,744	$ 37,028	$ 33,284	$ 25,738
Outstanding loan balances, individually evaluated for impairment	0		0
Outstanding loan balances, collectively evaluated for impairment	118,201		147,652
Total Loans	$ 118,201		$ 147,652

Loans Receivable, Including L_7

Loans Receivable, Including Loans Held For Sale - Past Due Loans (Accruing and Nonaccruing) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Receivable [Line Items]
Current	$ 2,222,133	$ 2,408,240
Total Past Due	9,834	19,756
Total Loans	2,231,967	2,427,996
Recorded Investment In Accruing Loans 90+ Days Past Due	3,839	8,701
Nonaccrual Loans That Are Current	0	0
30-89 Days Past Due
Receivable [Line Items]
Total Past Due	5,995	11,055
90+ Days Past Due
Receivable [Line Items]
Total Past Due	3,839	8,701
Commercial real estate loans
Receivable [Line Items]
Current	775	672
Total Past Due	0	0
Total Loans	775	672
Recorded Investment In Accruing Loans 90+ Days Past Due	0	0
Nonaccrual Loans That Are Current	0	0
Commercial real estate loans | 30-89 Days Past Due
Receivable [Line Items]
Total Past Due	0	0
Commercial real estate loans | 90+ Days Past Due
Receivable [Line Items]
Total Past Due	0	0
Commercial and industrial
Receivable [Line Items]
Current	2,105,395	2,265,150
Total Past Due	7,596	14,522
Total Loans	2,112,991	2,279,672
Recorded Investment In Accruing Loans 90+ Days Past Due	3,316	7,369
Nonaccrual Loans That Are Current	0	0
Commercial and industrial | 30-89 Days Past Due
Receivable [Line Items]
Total Past Due	4,280	7,153
Commercial and industrial | 90+ Days Past Due
Receivable [Line Items]
Total Past Due	3,316	7,369
Consumer loans
Receivable [Line Items]
Current	115,963	142,418
Total Past Due	2,238	5,234
Total Loans	118,201	147,652
Recorded Investment In Accruing Loans 90+ Days Past Due	523	1,332
Nonaccrual Loans That Are Current	0	0
Consumer loans | 30-89 Days Past Due
Receivable [Line Items]
Total Past Due	1,715	3,902
Consumer loans | 90+ Days Past Due
Receivable [Line Items]
Total Past Due	$ 523	$ 1,332

Loans Receivable, Including L_8

Loans Receivable, Including Loans Held For Sale - Outstanding Loans (Accruing and Nonaccruing) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Receivable [Line Items]
Total loans	$ 2,231,967	$ 2,427,996
Commercial real estate loans
Receivable [Line Items]
Total loans	775	672
Commercial and industrial
Receivable [Line Items]
Total loans	2,112,991	2,279,672
Consumer loans
Receivable [Line Items]
Total loans	118,201	147,652
Non - Graded
Receivable [Line Items]
Total loans	329,241	341,990
Non - Graded | Commercial real estate loans
Receivable [Line Items]
Total loans	0	0
Non - Graded | Commercial and industrial
Receivable [Line Items]
Total loans	211,040	194,338
Non - Graded | Consumer loans
Receivable [Line Items]
Total loans	118,201	147,652
Pass
Receivable [Line Items]
Total loans	1,896,353	2,081,285
Pass | Commercial real estate loans
Receivable [Line Items]
Total loans	765	662
Pass | Commercial and industrial
Receivable [Line Items]
Total loans	1,895,588	2,080,623
Pass | Consumer loans
Receivable [Line Items]
Total loans	0	0
Special Mention
Receivable [Line Items]
Total loans	3,808	3,428
Special Mention | Commercial real estate loans
Receivable [Line Items]
Total loans	0	0
Special Mention | Commercial and industrial
Receivable [Line Items]
Total loans	3,808	3,428
Special Mention | Consumer loans
Receivable [Line Items]
Total loans	0	0
Sub- standard
Receivable [Line Items]
Total loans	2,565	1,293
Sub- standard | Commercial real estate loans
Receivable [Line Items]
Total loans	10	10
Sub- standard | Commercial and industrial
Receivable [Line Items]
Total loans	2,555	1,283
Sub- standard | Consumer loans
Receivable [Line Items]
Total loans	0	0
Doubtful
Receivable [Line Items]
Total loans	0	0
Doubtful | Commercial real estate loans
Receivable [Line Items]
Total loans	0	0
Doubtful | Commercial and industrial
Receivable [Line Items]
Total loans	0	0
Doubtful | Consumer loans
Receivable [Line Items]
Total loans	$ 0	$ 0

Loans Receivable, Including L_9

Loans Receivable, Including Loans Held For Sale - Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Receivable [Line Items]
Unpaid Principal Balance	$ 2,565	$ 1,293
Recorded investment with no allowance	0	0
Recorded investment with allowance	2,565	1,293
Total Recorded Investment	2,565	1,293
Related Allowance	173	139
Average Recorded Investment	1,737	2,330
Commercial real estate loans
Receivable [Line Items]
Unpaid Principal Balance	10	10
Recorded investment with no allowance	0	0
Recorded investment with allowance	10	10
Total Recorded Investment	10	10
Related Allowance	10	10
Average Recorded Investment	11	11
Commercial and industrial
Receivable [Line Items]
Unpaid Principal Balance	2,555	1,283
Recorded investment with no allowance	0	0
Recorded investment with allowance	2,555	1,283
Total Recorded Investment	2,555	1,283
Related Allowance	163	129
Average Recorded Investment	$ 1,726	$ 2,319

Inventories, Net - Summary of I

Inventories, Net - Summary of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished products	$ 36,890	$ 41,894
In-process	31,248	24,590
Raw materials	50,659	39,613
Fine and fabricated precious metal in various stages of completion	42,121	34,269
Inventory, before LIFO reserve	160,918	140,366
LIFO reserve	(2,983)	(3,280)
Inventory, Net	$ 157,935	$ 137,086

Inventories, Net - Narrative (D

Inventories, Net - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Bank of Nova Scotia | Consignment Agreement | Silver
Inventory [Line Items]
Merchandise under consignment	$ 30,662	$ 25,919

Inventories, Net - Supplemental

Inventories, Net - Supplemental Inventory Information (Details) $ in Thousands	Jun. 30, 2021USD ($)$ / oz	Dec. 31, 2020USD ($)$ / oz
Inventory Disclosure [Abstract]
Precious metals stated at LIFO cost | $	$ 3,950	$ 4,956
Precious metals stated under non-LIFO cost methods, primarily at fair value | $	$ 35,188	$ 26,033
Market value per ounce:
Silver (in dollars per ounce)	26.02	26.28
Gold (in dollars per ounce)	1,777.76	1,891.70
Palladium (in dollars per ounce)	2,639.69	2,448.54

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Goodwill Reconciliation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill [Roll Forward]
Gross goodwill, beginning balance	$ 256,920
Accumulated impairments, beginning balance	(106,068)
Net goodwill, beginning balance	150,852
Divestitures	(2,813)
Currency translation adjustments	(7)
Gross goodwill, ending balance	254,100
Accumulated impairments, ending balance	(106,068)
Net goodwill, ending balance	148,032
Corporate and Other
Goodwill [Roll Forward]
Gross goodwill, beginning balance	81
Accumulated impairments, beginning balance	0
Net goodwill, beginning balance	81
Divestitures	0
Currency translation adjustments	0
Gross goodwill, ending balance	81
Accumulated impairments, ending balance	0
Net goodwill, ending balance	81
Diversified Industrial | Operating Segments
Goodwill [Roll Forward]
Gross goodwill, beginning balance	183,181
Accumulated impairments, beginning balance	(41,278)
Net goodwill, beginning balance	141,903
Divestitures	(2,813)
Currency translation adjustments	(7)
Gross goodwill, ending balance	180,361
Accumulated impairments, ending balance	(41,278)
Net goodwill, ending balance	139,083
Energy net revenue | Operating Segments
Goodwill [Roll Forward]
Gross goodwill, beginning balance	67,143
Accumulated impairments, beginning balance	(64,790)
Net goodwill, beginning balance	2,353
Divestitures	0
Currency translation adjustments	0
Gross goodwill, ending balance	67,143
Accumulated impairments, ending balance	(64,790)
Net goodwill, ending balance	2,353
Financial Services | Operating Segments
Goodwill [Roll Forward]
Gross goodwill, beginning balance	6,515
Accumulated impairments, beginning balance	0
Net goodwill, beginning balance	6,515
Divestitures	0
Currency translation adjustments	0
Gross goodwill, ending balance	6,515
Accumulated impairments, ending balance	0
Net goodwill, ending balance	$ 6,515

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 314,469	$ 316,269
Accumulated Amortization	185,609	177,688
Net	128,860	138,581
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	212,752	213,984
Accumulated Amortization	128,694	122,785
Net	84,058	91,199
Trademarks, trade names and brand names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	50,518	51,189
Accumulated Amortization	20,529	20,209
Net	29,989	30,980
Developed technology, patents and patent applications
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	32,426	32,319
Accumulated Amortization	20,628	19,724
Net	11,798	12,595
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	18,773	18,777
Accumulated Amortization	15,758	14,970
Net	$ 3,015	$ 3,807

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Mar. 31, 2021
Goodwill [Line Items]
Trademarks with indefinite lives	$ 11,384			$ 11,384		$ 11,405
Amortization expense	4,608	$ 5,112		9,376	$ 10,394
Impairment of intangible assets			$ 617
Goodwill impairment charges						1,100
Goodwill	148,032			148,032		$ 150,852
Performance Materials
Goodwill [Line Items]
Goodwill	6,808			6,808
Electrical Products
Goodwill [Line Items]
Goodwill	$ 46,445			$ 46,445
Reporting unit fair value in excess of carrying value, percent							6.00%

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets, Net - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 20,106
2022	17,887
2023	16,891
2024	16,317
2025	$ 14,902

Investments - Short-Term Invest

Investments - Short-Term Investments (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Marketable securities	$ 0	$ 106,000

Investments - Long-Term Investm

Investments - Long-Term Investments (Details) $ / shares in Units, $ in Thousands	Feb. 28, 2019$ / shares	Dec. 31, 2020USD ($)$ / shares	Jun. 30, 2021USD ($)$ / shares	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)$ / shares	Jun. 30, 2020USD ($)
Investments in Associated Companies:
Total			$ (2,840)	$ (4,893)	$ (28,961)	$ 29,614
One-time cash dividend declared (in dollars per share) | $ / shares		$ 5
Steel Connect, Inc (STCN)
Equity securities - U.S.
Ownership percentage		29.00%	28.80%		28.80%
Long-Term Investments Balance		$ 14,309	$ 39,820		$ 39,820
Investments in Associated Companies:
(Income) Loss of Associated Companies, Net of Taxes			$ (3,452)	2,419	$ (22,630)	13,870
Steel Connect, Inc (STCN) | Common Stock | Convertible Senior Note Due 2024 | Senior Notes
Investments in Associated Companies:
Conversion ratio	0.421655
Steel Connect, Inc (STCN) | Common Stock | Convertible Senior Note Due 2024 | Senior Notes | Steel Connect, Inc (STCN)
Investments in Associated Companies:
Debt conversion price (in dollars per share) | $ / shares	$ 2.37
Ownership percentage if converted					48.50%
Aviat Networks, Inc. (Aviat)
Equity securities - U.S.
Ownership percentage		10.10%	0.00%		0.00%
Long-Term Investments Balance		$ 18,910	$ 0		$ 0
Investments in Associated Companies:
(Income) Loss of Associated Companies, Net of Taxes			$ 0	(5,845)	(3,899)	(2,125)
Proceeds from remaining investment sold					$ 24,100
Other
Equity securities - U.S.
Ownership percentage
Long-Term Investments Balance		$ 291,297	$ 281,633		$ 281,633
Other Investments in Associated Companies
Investments in Associated Companies:
(Income) Loss of Associated Companies, Net of Taxes			0	0	0	(460)
Corporate securities | Aerojet Rocketdyne Holdings
Investments in Associated Companies:
Unrealized gain (loss)					178,842	145,480
Preferred stock | Steel Connect, Inc (STCN)
Equity securities - U.S.
Long-Term Investments Balance		32,832	34,718		34,718
Investments in Associated Companies:
Realized and unrealized (gains) losses on precious metal derivatives			647	(1,130)	(1,810)	15,015
Cost		35,688	$ 35,688		$ 35,688
Debt conversion price (in dollars per share) | $ / shares			$ 1.96		$ 1.96
Convertible notes | Steel Connect, Inc (STCN)
Investments in Associated Companies:
Cost		14,943	$ 14,943		$ 14,943
Net investment (loss) gain | Corporate securities
Equity securities - U.S.
Long-Term Investments Balance		210,538	191,764		191,764
Net investment (loss) gain | Corporate securities | Aerojet Rocketdyne Holdings
Equity securities - U.S.
Long-Term Investments Balance		$ 208,758	$ 189,956		$ 189,956
Investments in Associated Companies:
Marketable securities, percent owned		5.10%	4.90%		4.90%
Net investment (loss) gain | Collateralized debt securities
Equity securities - U.S.
Long-Term Investments Balance		$ 450	$ 450		$ 450
Net investment (loss) gain | Corporate obligations | Steel Connect, Inc (STCN)
Equity securities - U.S.
Long-Term Investments Balance		$ 14,258	14,881		14,881
Investments in Associated Companies:
Realized and unrealized (gains) losses on precious metal derivatives			$ (35)	$ (337)	(622)	$ 3,314
Other income (expense), net
Investments in Associated Companies:
One-time dividend received					$ 19,740

Investments - Equity Securities

Investments - Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Net gains (losses) recognized during the period on equity securities	$ 4,470	$ (8,482)	$ (18,779)	$ (26,484)
Less: Net gains (losses) recognized during the period on equity securities sold during the period	43	(27,310)	36	(43,662)
Unrealized gains (losses) recognized during the period on equity securities still held at the end of the period	$ 4,427	$ 18,828	$ (18,815)	$ 17,178

Investments - Additional Disclo

Investments - Additional Disclosures Related to Associated Company Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended
	Jun. 30, 2021	Apr. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Apr. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Apr. 30, 2021	Jun. 30, 2020	Apr. 30, 2020
Summary operating results:
Total revenue	$ 386,433			$ 294,373			$ 700,926		$ 641,583
Net loss	$ 27,563		$ 53,342	$ (1,243)		$ (60,748)	$ 80,905		$ (61,991)
Multiple Equity Method Investments Member
Summary operating results:
Total revenue		$ 151,785			$ 177,351			$ 307,832		$ 392,803
Gross profit		32,247			33,470			68,097		78,719
Net loss		$ (27,629)			$ (6,159)			$ (29,825)		$ (9,716)

Investments - Other Investments

Investments - Other Investments - Related Party (Details) - WebBank - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Held to maturity securities	$ 21,612	$ 16,868
Gross Unrealized Gains	25	109
Estimated Fair Value	21,637	16,977
Maturities held one through five years	5,931	7,563
Maturities between years five and ten	13,879	7,193
Maturities, after ten years	$ 1,802	$ 2,112

Debt - Long-term and Short-term

Debt - Long-term and Short-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt, Long-term and Short-term, Combined Amount [Abstract]
Short-term debt	$ 523	$ 397
Total	292,140	333,753
Less: portion due within one year	10,269	10,361
Long-term debt	281,871	323,392
Total debt	292,663	334,150
Loans Payable | Revolving Credit Facility
Debt, Long-term and Short-term, Combined Amount [Abstract]
Total	290,850	332,350
Loans Payable | Revolving Credit Facility | Handy & Harman Ltd. (HNH)
Debt, Long-term and Short-term, Combined Amount [Abstract]
Total	168	230
Other debt - domestic | Handy & Harman Ltd. (HNH)
Debt, Long-term and Short-term, Combined Amount [Abstract]
Total	1,122	1,173
Foreign
Debt, Long-term and Short-term, Combined Amount [Abstract]
Short-term debt	$ 523	$ 397

Debt - Maturities (Details)

Debt - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Total	$ 292,140	$ 333,753
2021	10,269
2022	281,871
2023	0
2024	0
2025	0
Thereafter	0
Current portion of long-term debt	$ 10,269	$ 10,361

Debt - Narrative (Details)

Debt - Narrative (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000
Commitment fee to be paid on unused borrowings	22.50%
Weighted average interest rate	1.87%
Remaining borrowing capacity	$ 376,979,000
Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	75.00%
Revolving Credit Facility | EuroRate
Debt Instrument [Line Items]
Basis spread on variable rate	175.00%
Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 177,500,000
Amortization per quarter	2,500,000
Sublimit for Issuance of Swing Loans
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000
Standby Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000
Line of credit	$ 9,671,000

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)oz	Dec. 31, 2020USD ($)
WebBank
Derivatives, Fair Value [Line Items]
Undisbursed loan commitment | $	$ 90,667	$ 170,611
Silver, Ounces, Copper Contracts | Commodity contracts | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivatives, notional amount, mass | oz	25,350
Minimum
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	3 years
Maximum
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	5 years

Financial Instruments - Commodi

Financial Instruments - Commodity Contracts (Details) - Commodity $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)ozTlb
Silver, Ounces
Derivative [Line Items]
Amount | oz	29,969
Notional Value	$ 778
Gold, Ounces | Not Designated as Hedging Instrument
Derivative [Line Items]
Amount | oz	1,197
Notional Value	$ 2,127
Palladium, Ounces | Not Designated as Hedging Instrument
Derivative [Line Items]
Amount | oz	1,173
Notional Value	$ 3,013
Copper, Pounds
Derivative [Line Items]
Amount | lb	325,000
Notional Value	$ 1,464
Tin, Metric Tons | Not Designated as Hedging Instrument
Derivative [Line Items]
Amount | T	34
Notional Value	$ 1,063

Financial Instruments - Balance

Financial Instruments - Balance Sheet Location (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Commodity contracts | Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 78
Commodity contracts | Designated as Hedging Instrument | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities		$ (6)
Commodity contracts | Not Designated as Hedging Instrument | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	(125)	(163)
Economic interests in loans | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 9,135	$ 11,599

Financial Instruments - Income

Financial Instruments - Income Statement Location (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 7,182	$ (649)	$ 8,420	$ 1,924
Commodity contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	(500)	(329)	(715)	(736)
Economic interests in loans | Financial services revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 7,682	$ (320)	$ 9,135	$ 2,660

Pension and Other Post-Retire_3

Pension and Other Post-Retirement Benefits - Components of Pension Expense and Other Postretirement Benefit Expense (Details) - Defined Benefit Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plans Disclosure [Line Items]
Interest cost	$ 1,876	$ 3,275	$ 3,753	$ 6,550
Expected return on plan assets	(6,322)	(5,574)	(12,643)	(11,148)
Amortization of actuarial loss	2,945	2,849	5,889	5,698
Total	$ (1,501)	$ 550	$ (3,001)	$ 1,100

Pension and Other Post-Retire_4

Pension and Other Post-Retirement Benefits - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Retirement Benefits [Abstract]
Current employer contributions	$ 36,500
Employer contributions, previous fiscal year	27,400
Expected employer contributions, remainder of fiscal year	$ 5,200

Capital and Accumulated Other_3

Capital and Accumulated Other Comprehensive Loss - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 09, 2021	May 12, 2021	Mar. 10, 2021	May 18, 2020	Dec. 31, 2017	Jul. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2012	Jun. 30, 2021	Aug. 05, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common units outstanding (in shares)							21,561,800		21,561,800			21,561,800		22,920,804
Purchases of the Company's common units									$ 28,612	$ 0
Incentive Unit Award
Class of Stock [Line Items]
Increase in equity value, percent											15.00%
Weighted-average price per share, common units (in dollars per share)					$ 19.65
Incentive units granted, percentage of outstanding common units											100.00%
Days prior to a measurement date									20 days
Units vested (in shares)									1,000,000
Class A
Class of Stock [Line Items]
Common units outstanding (in shares)							21,561,800		21,561,800			21,561,800
Common Units
Class of Stock [Line Items]
Authorized amount for repurchase (in shares)							6,519,001		6,519,001			6,519,001
Additional units authorized (in shares)		1,019,001
Units issued in the acquisition of WFHC noncontrolling interests (in shares)							1,351,488		1,351,488			5,709,436
Purchases of the Company's common units							$ 28,612		$ 28,612			$ 82,957
Units that may yet be purchased (in shares)							809,565		809,565			809,565
Common Units | Subsequent Event
Class of Stock [Line Items]
Units issued in the acquisition of WFHC noncontrolling interests (in shares)						195,305
Purchases of the Company's common units						$ 5,723
Series A Preferred Units
Class of Stock [Line Items]
Stated interest rate							6.00%		6.00%			6.00%
Preferred unit dividend, paid-in-kind								$ 2,371
Preferred unit dividend, cash							$ 2,409		$ 4,817	$ 2,725
Preferred unit term									9 years
Liquidation preference (in dollars per share)							$ 25		$ 25			$ 25
Repurchase period in force									60 days
Preferred units outstanding (in shares)							6,422,128		6,422,128			6,422,128		6,422,128
Series A Preferred Units | Subsequent Event
Class of Stock [Line Items]
Quarterly cash distribution declared (in dollars per share)													$ 0.375
2018 Incentive Award Plan
Class of Stock [Line Items]
Additional shares authorized (in shares)	1,000,000			500,000
Shares authorized (in shares)	2,000,000			1,000,000
2018 Incentive Award Plan | Restricted Stock Units (RSUs)
Class of Stock [Line Items]
RSUs granted (in shares)			28,000
Unearned compensation			$ 324
Minimum | 2018 Incentive Award Plan | Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Vesting period									1 year
Maximum | 2018 Incentive Award Plan | Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Vesting period									2 years

Capital and Accumulated Other_4

Capital and Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	$ 592,710	$ 539,222	$ 420,592	$ 466,633	$ 539,222	$ 466,633
Net other comprehensive loss attributable to common unitholders	614		1,373		397	(1,563)
Balance at end of year	592,629	592,710	420,796	420,592	592,629	420,796
Unrealized loss on available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(274)	(274)	(274)	(274)	(274)	(274)
Net other comprehensive loss attributable to common unitholders	0	0	0	0
Deconsolidation of API				0
Balance at end of year	(274)	(274)	(274)	(274)	(274)	(274)
Unrealized (loss) gain on derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	0	0	0	(14)	0	(14)
Net other comprehensive loss attributable to common unitholders	0	0	0	0
Deconsolidation of API				14
Balance at end of year	0	0	0	0	0	0
Cumulative translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(13,045)	(12,828)	(17,580)	(25,166)	(12,828)	(25,166)
Net other comprehensive loss attributable to common unitholders	614	(217)	1,373	(2,936)
Deconsolidation of API				10,522
Balance at end of year	(12,431)	(13,045)	(16,207)	(17,580)	(12,431)	(16,207)
Change in net pension and other benefit obligations
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(159,547)	(159,547)	(159,023)	(165,968)	(159,547)	(165,968)
Net other comprehensive loss attributable to common unitholders	0	0	0	0
Deconsolidation of API				6,945
Balance at end of year	(159,547)	(159,547)	(159,023)	(159,023)	(159,547)	(159,023)
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(172,866)	(172,649)	(176,877)	(191,422)	(172,649)	(191,422)
Net other comprehensive loss attributable to common unitholders	614	(217)	1,373	(2,936)
Deconsolidation of API				17,481
Balance at end of year	$ (172,252)	$ (172,866)	$ (175,504)	$ (176,877)	$ (172,252)	$ (175,504)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2021
Investments, Owned, Federal Income Tax Note [Line Items]
Income tax provision (benefit)	$ 35,413	$ (1,046)	$ 50,007	$ (4,490)
Effective tax rate	59.00%	(17.70%)	49.10%	(39.60%)
Scenario, Forecast
Investments, Owned, Federal Income Tax Note [Line Items]
Effective tax rate					27.00%

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net income (loss) from continuing operations	$ 27,435	$ 17	$ 80,777	$ (36,462)
Net income attributable to noncontrolling interests in consolidated entities (continuing operations)	(323)	(191)	(714)	(321)
Net income (loss) from continuing operations attributable to common unitholders	27,112	(174)	80,063	(36,783)
Net gain (loss) from discontinued operations attributable to common unitholders	128	(1,260)	128	(25,529)
Net income (loss) attributable to common unitholders	27,240	(1,434)	80,191	(62,312)
Effect of dilutive securities:
Interest expense form SPLP Preferred Units	3,076	0	6,145	0
Net income (loss) attributable to common unitholders – assuming dilution	$ 30,316	$ (1,434)	$ 86,336	$ (62,312)
Net income (loss) per common unit - basic
Net income (loss) from continuing operations (in dollars per share)	$ 1.24	$ (0.01)	$ 3.60	$ (1.48)
Net income (loss) from discontinued operations (in dollars per share)	0.01	(0.05)	0.01	(1.03)
Net income (loss) attributable to common unitholders (in dollars per share)	1.25	(0.06)	3.61	(2.51)
Net income (loss) per common unit - diluted
Net income (loss) from continuing operations (in dollars per share)	1.02	(0.01)	2.67	(1.48)
Net income (loss) from discontinued operations (in dollars per share)	0.01	(0.05)	0.01	(1.03)
Net income (loss) attributable to common unitholders (in dollars per share)	$ 1.03	$ (0.06)	$ 2.68	$ (2.51)
Denominator for net income (loss) per common unit - basic (in shares)	21,829,714	24,958,026	22,222,557	24,989,440
Effect of dilutive securities:
Incentive units (in shares)	1,039,469	0	519,735	0
Unvested restricted common units (in shares)	166,377	0	148,884	0
SPLP Preferred Units (in shares)	6,525,677	0	9,352,334	0
Denominator for net income (loss) per common unit - diluted (in shares)	29,561,237	24,958,026	32,243,510	24,989,440
Preferred Units
Effect of dilutive securities:
Antidilutive units excluded from computation of earnings per share (in shares)		28,803,727		30,454,112
Restricted Stock Units (RSUs)
Effect of dilutive securities:
Antidilutive units excluded from computation of earnings per share (in shares)		112,025		72,479

Fair Value Measurements - Hiera

Fair Value Measurements - Hierarchy Table (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Warrants (b)
Assets:
Derivative asset total		$ 2,618
Fair Value, Measurements, Recurring
Assets:
Derivative asset total	$ 333,455	332,944
Liabilities:
Total	38,420	28,484
Fair Value, Measurements, Recurring | Marketable securities
Assets:
Derivative asset total	0	106
Fair Value, Measurements, Recurring | Long-term investments
Assets:
Derivative asset total	281,633	291,297
Fair Value, Measurements, Recurring | Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	37,532	27,324
Fair Value, Measurements, Recurring | Economic interests in loans
Assets:
Derivative asset total	9,135	11,599
Fair Value, Measurements, Recurring | Commodity contracts on precious metal and commodity inventories
Assets:
Derivative asset total	78
Liabilities:
Financial instruments total	125	169
Fair Value, Measurements, Recurring | Warrants (b)
Assets:
Derivative asset total	5,077
Fair Value, Measurements, Recurring | Other precious metal liabilities
Liabilities:
Financial instruments total	38,295	28,315
Fair Value, Measurements, Recurring | Level 1
Assets:
Derivative asset total	268,181	270,275
Liabilities:
Total	38,295	28,315
Fair Value, Measurements, Recurring | Level 1 | Marketable securities
Assets:
Derivative asset total	0	88
Fair Value, Measurements, Recurring | Level 1 | Long-term investments
Assets:
Derivative asset total	230,649	242,863
Fair Value, Measurements, Recurring | Level 1 | Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	37,532	27,324
Fair Value, Measurements, Recurring | Level 1 | Economic interests in loans
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 1 | Commodity contracts on precious metal and commodity inventories
Assets:
Derivative asset total	0
Liabilities:
Financial instruments total	0	0
Fair Value, Measurements, Recurring | Level 1 | Warrants (b)
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 1 | Other precious metal liabilities
Liabilities:
Financial instruments total	38,295	28,315
Fair Value, Measurements, Recurring | Level 2
Assets:
Derivative asset total	78	18
Liabilities:
Total	125	169
Fair Value, Measurements, Recurring | Level 2 | Marketable securities
Assets:
Derivative asset total	0	18
Fair Value, Measurements, Recurring | Level 2 | Long-term investments
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 2 | Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 2 | Economic interests in loans
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 2 | Commodity contracts on precious metal and commodity inventories
Assets:
Derivative asset total	78
Liabilities:
Financial instruments total	125	169
Fair Value, Measurements, Recurring | Level 2 | Warrants (b)
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 2 | Other precious metal liabilities
Liabilities:
Financial instruments total	0	0
Fair Value, Measurements, Recurring | Level 3
Assets:
Derivative asset total	65,196	62,651
Liabilities:
Total	0	0
Fair Value, Measurements, Recurring | Level 3 | Marketable securities
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 3 | Long-term investments
Assets:
Derivative asset total	50,984	48,434
Fair Value, Measurements, Recurring | Level 3 | Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring | Level 3 | Economic interests in loans
Assets:
Derivative asset total	9,135	11,599
Fair Value, Measurements, Recurring | Level 3 | Commodity contracts on precious metal and commodity inventories
Assets:
Derivative asset total	0
Liabilities:
Financial instruments total	0	0
Fair Value, Measurements, Recurring | Level 3 | Warrants (b)
Assets:
Derivative asset total	5,077	2,618
Fair Value, Measurements, Recurring | Level 3 | Other precious metal liabilities
Liabilities:
Financial instruments total	$ 0	$ 0

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Inputs Reconciliation - Assets (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 62,651	$ 74,377
Purchases	41
Sales and cash collections	(7,446)	(4,112)
Realized gains	7,441	2,980
Unrealized gains	2,509
Unrealized losses		(19,277)
Balance at end of period	65,196	53,968
Long Term Investments (a)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	48,434	53,658
Purchases	41
Sales and cash collections	0	0
Realized gains	0	0
Unrealized gains	2,509
Unrealized losses		(19,277)
Balance at end of period	50,984	34,381
Economic Interests in Loans (b)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	11,599	18,633
Purchases	0
Sales and cash collections	(5,069)	(4,112)
Realized gains	2,605	2,980
Unrealized gains	0
Unrealized losses		0
Balance at end of period	9,135	17,501
Warrants (b)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	2,618	2,086
Purchases	0
Sales and cash collections	(2,377)	0
Realized gains	4,836	0
Unrealized gains	0
Unrealized losses		0
Balance at end of period	$ 5,077	$ 2,086

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - Securities (Assets)	Jun. 30, 2021
Constant prepayment rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0784
Constant prepayment rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.3577
Default rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0189
Default rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.1796
Discount rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0200
Discount rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.2619

Commitments and Contingencies (

Commitments and Contingencies (Details)	Jun. 16, 2021USD ($)	Jul. 09, 2019USD ($)	Apr. 13, 2018USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)defendantclaim	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2012USD ($)
Loss Contingencies [Line Items]
Insurance recoveries	$ 11,300,000					$ 17,500,000
Estimated insurance recoveries		$ 10,000,000
Estimated insurance recoveries interest rate	9.00%
Steel Connect, Inc (STCN) | Preferred stock
Loss Contingencies [Line Items]
Stock acquired			$ 35,000,000
Costs | Former Owner / Operator | Environmental and Other Matters
Loss Contingencies [Line Items]
Ownership responsibility for site investigation and remediation costs percentage allocation					75.00%
Costs | Hhem and HandH
Loss Contingencies [Line Items]
Accrual for environmental matters					$ 1,000,000
Costs | Hhem and HandH | Environmental and Other Matters
Loss Contingencies [Line Items]
Ownership responsibility for site investigation and remediation costs percentage allocation					25.00%
Payments					$ 1,000,000
Adjacent Parcel | Environmental and Other Matters
Loss Contingencies [Line Items]
Accrual increase				$ 14,000,000
Handy & Harman Ltd. (HNH)
Loss Contingencies [Line Items]
Accrual for environmental matters					24,426,000
Settlement amount		$ 30,000,000
Handy & Harman Ltd. (HNH) | Selling, General and Administrative Expenses
Loss Contingencies [Line Items]
Litigation settlement, expense						$ 12,500,000
Handy & Harman Ltd. (HNH) | Minimum | Adjacent Parcel | Environmental and Other Matters
Loss Contingencies [Line Items]
Environmental exit costs, additional loss					10,500,000
Handy & Harman Ltd. (HNH) | Maximum | Adjacent Parcel | Environmental and Other Matters
Loss Contingencies [Line Items]
Environmental exit costs, additional loss					17,500,000
SLI | Camden
Loss Contingencies [Line Items]
Accrual for environmental matters					2,700,000
Counteroffer					300,000
SLI | Camden - Past And Future Expenses
Loss Contingencies [Line Items]
Damages claimed								$ 1,800,000
SLI | Wayne facility
Loss Contingencies [Line Items]
Accrual for environmental matters					$ 1,300,000
BNS Subsidiary
Loss Contingencies [Line Items]
Number of claims, litigation matters | claim					40,000
BNS Subsidiary | Insurance Claims
Loss Contingencies [Line Items]
Accrual relating to open and active claims					$ 1,349,000		$ 1,349,000
BNS Subsidiary | Minimum
Loss Contingencies [Line Items]
Loss contingency, number of defendants | defendant					100,000
Accrued liabilities
Loss Contingencies [Line Items]
Accrual for environmental matters					$ 1,779,000
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Accrual for environmental matters					$ 24,021,000

Related Party Transactions - Ma

Related Party Transactions - Management Agreement (Details) - SP General Services LLC - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Management fee percentage, quarterly basis				1.50%
Management agreement renewal, term				1 year
Notice period prior to management agreement renewal, period				60 days
Management Fee
Related Party Transaction [Line Items]
Services fees and reimbursable expenses	$ 2,203	$ (591)		$ 4,209	$ 1,182
Unpaid amount for management fee	204			204		$ 2,319
Management Fee, Reinstated
Related Party Transaction [Line Items]
Services fees and reimbursable expenses			$ 2,186
Reimbursable Expenses
Related Party Transaction [Line Items]
Services fees and reimbursable expenses	1,142	$ 210		1,986	$ 1,152
Deferred fees payable to related party	$ 802			$ 802		$ 1,594

Related Party Transactions - Co

Related Party Transactions - Corporate Services (Details) - Related Parties $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Related Party Transaction [Line Items]
Receivable from related parties	$ 1,391
Management Fee
Related Party Transaction [Line Items]
Services fees and reimbursable expenses	4,474
Management Services Agreement
Related Party Transaction [Line Items]
Receivable from related parties	1,052
Receivable of Interest for Notes
Related Party Transaction [Line Items]
Receivable from related parties	$ 339

Related Party Transactions - Ot

Related Party Transactions - Other (Details) - Related Parties - WebBank - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Deposits	$ 1,111	$ 1,164
Consolidation, eliminations
Related Party Transaction [Line Items]
Deposits	$ 1,111	$ 88

Segment Information - Segment D

Segment Information - Segment Description (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Total revenue	$ 386,433	$ 294,373	$ 700,926	$ 641,583
Management Fee | Diversified Industrial net sales
Segment Reporting Information [Line Items]
Total revenue	7,403	5,430	14,806	14,142
Management Fee | Energy net revenue
Segment Reporting Information [Line Items]
Total revenue	1,409	1,058	2,637	2,632
Management Fee | Financial Services revenue
Segment Reporting Information [Line Items]
Total revenue	$ 224	$ 12	$ 448	$ 862

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenue	$ 386,433	$ 294,373	$ 700,926	$ 641,583
Income (loss) from continuing operations before interest expense and income taxes	68,352	6,693	141,754	(24,603)
Interest expense	5,504	7,722	10,970	16,349
Income tax provision (benefit)	35,413	(1,046)	50,007	(4,490)
Net income (loss) from continuing operations	27,435	17	80,777	(36,462)
(Income) loss of associated companies, net of taxes:	(2,840)	(4,893)	(28,961)	29,614
Depreciation and amortization	15,070	16,245	30,199	32,480
Corporate and Other
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before interest expense and income taxes	5,158	(1,610)	27,590	(52,265)
(Income) loss of associated companies, net of taxes:	(2,840)	(4,893)	(28,961)	29,614
Depreciation and amortization	40	39	79	80
Diversified Industrial net sales | Operating Segments
Segment Reporting Information [Line Items]
Revenue	305,759	251,108	554,248	512,718
Income (loss) from continuing operations before interest expense and income taxes	35,832	11,070	63,536	26,221
Depreciation and amortization	11,843	12,383	23,815	24,650
Energy net revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenue	41,768	14,302	73,854	52,904
Income (loss) from continuing operations before interest expense and income taxes	3,644	(1,952)	6,461	(1,750)
Depreciation and amortization	3,066	3,731	6,060	7,487
Financial Services revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenue	38,906	28,963	72,824	75,961
Income (loss) from continuing operations before interest expense and income taxes	23,718	(815)	44,167	3,191
Depreciation and amortization	$ 121	$ 92	$ 245	$ 263

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details)	Jun. 30, 2021	Dec. 31, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
For Capital Adequacy Purposes (Ratio)	0.0450	0.0450
Capital conversation buffer of risk-weighted assets	2.50%
CET1 Ratio	7.00%
For Capital Adequacy Purposes (Ratio)	0.0600	0.0600
Minimum Capital Adequacy With Capital Buffer (Ratio)	0.0850	0.0850
Minimum Capital Adequacy With Capital Buffer (Ratio)	0.1050	0.1050
For Capital Adequacy Purposes (Ratio)	0.0400	0.0400
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
For Capital Adequacy Purposes (Ratio)	0.040
Maximum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
For Capital Adequacy Purposes (Ratio)	0.060

Regulatory Matters - Capital Ra

Regulatory Matters - Capital Ratios (Details) $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Total Capital (to risk-weighted assets)
Actual	$ 235,613	$ 212,002
For Capital Adequacy Purposes	51,684	49,512
Minimum Capital Adequacy With Capital Buffer	67,835	64,985
To Be Well Capitalized Under Prompt Corrective Provisions	$ 64,605	$ 61,891
Actual (Ratio)	0.3650	0.3430
For Capital Adequacy Purposes (Ratio)	0.0800	0.0800
Minimum Capital Adequacy With Capital Buffer (Ratio)	0.1050	0.1050
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.1000	0.1000
Tier 1 Capital (to risk-weighted assets)
Actual	$ 227,448	$ 204,028
For Capital Adequacy Purposes	38,763	37,134
Minimum Capital Adequacy With Capital Buffer	54,914	52,607
To Be Well Capitalized Under Prompt Corrective Provisions	$ 51,684	$ 49,512
Actual (Ratio)	0.3520	0.3300
For Capital Adequacy Purposes (Ratio)	0.0600	0.0600
Minimum Capital Adequacy With Capital Buffer (Ratio)	0.0850	0.0850
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.0800	0.0800
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual	$ 227,448	$ 204,028
For Capital Adequacy Purposes	29,072	27,851
Minimum Capital Adequacy With Capital Buffer	45,223	43,323
To Be Well Capitalized Under Prompt Corrective Provisions	$ 41,993	$ 40,229
Actual (Ratio)	0.3520	0.3300
For Capital Adequacy Purposes (Ratio)	0.0450	0.0450
Minimum Capital Adequacy With Capital Buffer (Ratio)	0.0700	0.0700
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.0650	0.0650
Tier 1 Capital (to average assets)
Actual	$ 227,448	$ 204,028
For Capital Adequacy Purposes	32,002	25,219
To Be Well Capitalized Under Prompt Corrective Provisions	$ 40,002	$ 31,523
Actual (Ratio)	0.2840	0.3240
For Capital Adequacy Purposes (Ratio)	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.0500	0.0500

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Interest	$ 12,607	$ 18,968
Taxes	$ 5,819	$ 24,370

Restatement of Previously Iss_3

Restatement of Previously Issued Consolidated Financial Statements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash and cash equivalents	$ 224,324		$ 224,324		$ 135,788
Total revenue	386,433	$ 294,373	700,926	$ 641,583
Cost of goods sold	250,597	196,224	459,282	417,072
Selling, general and administrative expenses	74,588	72,139	143,388	148,067
Interest expense	5,504	7,722	10,970	16,349
Income tax provision (benefit)	35,413	(1,046)	50,007	(4,490)
Net loss on deconsolidation of discontinued operations	$ 0	(980)	$ 0	(22,948)
Adjustments for Error Corrections
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash and cash equivalents						$ (1,519)
Total revenue		(1,064)		(1,754)
Cost of goods sold		1,025		794
Selling, general and administrative expenses		(2,797)		(3,533)
Interest expense		0		312
Income tax provision (benefit)		274		259
Net loss on deconsolidation of discontinued operations		$ 0		$ 879

Restatement of Previously Iss_4

Restatement of Previously Issued Consolidated Financial Statements - Error Corrections (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenue:
Total revenue	$ 386,433		$ 294,373		$ 700,926	$ 641,583
Costs and expenses:
Cost of goods sold	250,597		196,224		459,282	417,072
Selling, general and administrative expenses	74,588		72,139		143,388	148,067
Asset impairment charges	0		0		0	617
Finance interest expense	2,627		3,475		4,859	6,909
(Benefit from) provision for loan losses	(1,567)		14,253		(2,282)	40,390
Interest expense	5,504		7,722		10,970	16,349
Realized and unrealized (gains) losses on securities, net	(4,470)		8,482		18,779	26,484
Other income, net	(854)		(2,000)		(35,893)	(2,967)
Total costs and expenses	326,425		300,295		599,103	652,921
Income (loss) from continuing operations before income taxes and equity method investments	60,008		(5,922)		101,823	(11,338)
Income tax provision (benefit)	35,413		(1,046)		50,007	(4,490)
(Income) loss of associated companies, net of taxes	(2,840)		(4,893)		(28,961)	29,614
Net income (loss) from continuing operations	27,435		17		80,777	(36,462)
Discontinued operations
Gain (loss) from discontinued operations, net of taxes	128		(280)		128	(2,581)
Net loss on deconsolidation of discontinued operations	0		(980)		0	(22,948)
Net gain (loss) from discontinued operations, net of taxes	128		(1,260)		128	(25,529)
Net income (loss)	27,563	$ 53,342	(1,243)	$ (60,748)	80,905	(61,991)
Net income attributable to noncontrolling interests in consolidated entities (continuing operations)	(323)		(191)		(714)	(321)
Net income (loss) attributable to common unitholders	$ 27,240		$ (1,434)		$ 80,191	$ (62,312)
Net (loss) income per common unit - basic and diluted
Net income (loss) from continuing operations (in dollars per share)	$ 1.24		$ (0.01)		$ 3.60	$ (1.48)
Net income (loss) from discontinued operations (in dollars per share)	0.01		(0.05)		0.01	(1.03)
Net income (loss) attributable to common unitholders (in dollars per share)	$ 1.25		$ (0.06)		$ 3.61	$ (2.51)
Denominator for net income (loss) per common unit - basic (in shares)	21,829,714		24,958,026		22,222,557	24,989,440
Weighted-average number of common units outstanding - diluted (in shares)	29,561,237		24,958,026		32,243,510	24,989,440
Consolidated Statement of Comprehensive (Loss) Income
Net income (loss)	$ 27,563	53,342	$ (1,243)	(60,748)	$ 80,905	$ (61,991)
Currency translation adjustments	614		1,373		397	(1,563)
Other comprehensive income (loss)	614		1,373		397	(1,563)
Comprehensive income (loss)	28,177		130		81,302	(63,554)
Comprehensive income attributable to noncontrolling interests	(323)		(191)		(714)	(321)
Comprehensive income (loss) attributable to common unitholders	27,854		(61)		80,588	(63,875)
Increase (Decrease) in Stockholders' Equity
Balance at beginning of year	592,710	539,222	420,592	466,633	539,222	466,633	$ 466,633
Net income (loss)	27,563	53,342	(1,243)	(60,748)	80,905	(61,991)
Currency translation adjustments	614	(217)	1,373	(2,936)
Equity compensation - restricted units	354	363	49	104
Deconsolidation of API (see Note 3)				17,481
Other, net			25	58
Balance at end of year	592,629	592,710	420,796	420,592	592,629	420,796	539,222
Cash flows from operating activities:
Net income (loss)	27,563	53,342	(1,243)	(60,748)	80,905	(61,991)
Net gain (loss) from discontinued operations, net of taxes	128		(1,260)		128	(25,529)
Net income (loss) from continuing operations	27,435		17		80,777	(36,462)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
(Benefit from) provision for loan losses	(1,567)		14,253		(2,282)	40,390
(Income) loss of associated companies, net of taxes	(2,840)		(4,893)		(28,961)	29,614
Realized and unrealized losses on securities, net	(4,470)		8,482		18,779	26,484
Derivative gains on economic interests in loans					(2,605)	(2,660)
Deferred income taxes					42,598	(6,816)
Depreciation and amortization	15,070		16,245		30,199	32,480
Non-cash lease expense					5,269	4,743
Equity-based compensation					717	256
Asset impairment charges	0		0		0	617
Other					1,482	2,425
Net change in operating assets and liabilities:
Trade and other receivables					(42,642)	9,708
Inventories					(22,484)	5,746
Prepaid expenses and other assets					8,890	1,746
Accounts payable, accrued and other liabilities					(7,077)	(2,014)
Net (increase) decrease in loans held for sale					(52,921)	153,635
Net cash provided by operating activities - continuing operations					14,997	259,892
Net cash provided by (used in) operating activities - discontinued operations					128	(1,671)
Total cash provided by operating activities					15,125	258,221
Cash flows from investing activities:
Purchases of investments					(9,018)	(6,363)
Proceeds from sales of investments					24,217	2,327
Proceeds from maturities of investments					4,235	27,206
Loan originations, net of collections					186,633	(2,023,616)
Purchases of property, plant and equipment					(13,925)	(11,035)
Proceeds from sale of property, plant and equipment					6,979	3,067
Acquisition, net of cash acquired					0	(3,500)
Net cash provided by (used in) investing activities - continuing operations					215,121	(2,011,914)
Net cash provided by (used in) investing activities - discontinued operations					0	0
Net cash provided by (used in) investing activities					215,121	(2,011,914)
Cash flows from financing activities:
Net revolver (repayments) borrowings					(36,374)	33,654
Repayments of term loans					(5,113)	(6,477)
Repayments of other borrowings					(1,174,657)	0
Proceeds from other borrowings					1,053,980	2,032,236
Distribution to preferred unitholders					(4,817)	(40,000)
Deferred finance charges					0	(1,474)
Net increase (decrease) in deposits					55,293	(296,714)
Net cash (used in) provided by financing activities - continuing operations					(140,300)	1,721,225
Net cash used in financing activities - discontinued operations					0	0
Net cash (used in) provided by financing activities					(140,300)	1,721,225
Net change for the period					89,946	(32,468)
Effect of exchange rate changes on cash and cash equivalents					(1,410)	84
Cash, cash equivalents and restricted cash at beginning of period		$ 135,788		137,948	135,788	137,948	137,948
Cash, cash equivalents and restricted cash at end of period	224,324		105,564		224,324	105,564	135,788
Diversified Industrial net sales
Revenue:
Total revenue	305,759		251,108		554,248	512,718
Energy net revenue
Revenue:
Total revenue	41,768		14,302		73,854	52,904
Financial Services revenue
Revenue:
Total revenue	$ 38,906		28,963		$ 72,824	75,961
As Previously Reported
Revenue:
Total revenue			295,437			643,337
Costs and expenses:
Cost of goods sold			195,199			416,278
Selling, general and administrative expenses			74,936			151,600
Asset impairment charges			0			617
Finance interest expense			3,475			6,909
(Benefit from) provision for loan losses			14,253			40,390
Interest expense			7,722			16,037
Realized and unrealized (gains) losses on securities, net			8,482			26,484
Other income, net			(2,000)			(2,967)
Total costs and expenses			302,067			655,348
Income (loss) from continuing operations before income taxes and equity method investments			(6,630)			(12,011)
Income tax provision (benefit)			(1,320)			(4,749)
(Income) loss of associated companies, net of taxes			(4,893)			29,614
Net income (loss) from continuing operations			(417)			(36,876)
Discontinued operations
Gain (loss) from discontinued operations, net of taxes			(280)			(2,581)
Net loss on deconsolidation of discontinued operations			(980)			(23,827)
Net gain (loss) from discontinued operations, net of taxes			(1,260)			(26,408)
Net income (loss)			(1,677)	(61,607)		(63,284)
Net income attributable to noncontrolling interests in consolidated entities (continuing operations)			(191)			(321)
Net income (loss) attributable to common unitholders			$ (1,868)			$ (63,605)
Net (loss) income per common unit - basic and diluted
Net income (loss) from continuing operations (in dollars per share)			$ (0.02)			$ (1.49)
Net income (loss) from discontinued operations (in dollars per share)			(0.05)			(1.06)
Net income (loss) attributable to common unitholders (in dollars per share)			$ (0.07)			$ (2.55)
Denominator for net income (loss) per common unit - basic (in shares)			24,958,026			24,989,440
Weighted-average number of common units outstanding - diluted (in shares)			24,958,026			24,989,440
Consolidated Statement of Comprehensive (Loss) Income
Net income (loss)			$ (1,677)	(61,607)		$ (63,284)
Currency translation adjustments			1,373			(1,563)
Other comprehensive income (loss)			1,373			(1,563)
Comprehensive income (loss)			(304)			(64,847)
Comprehensive income attributable to noncontrolling interests			(191)			(321)
Comprehensive income (loss) attributable to common unitholders			(495)			(65,168)
Increase (Decrease) in Stockholders' Equity
Balance at beginning of year			429,519	476,419		476,419	476,419
Net income (loss)			(1,677)	(61,607)		(63,284)
Currency translation adjustments			1,373	(2,936)
Equity compensation - restricted units			49	104
Deconsolidation of API (see Note 3)				17,481
Other, net			25	58
Balance at end of year			429,289	429,519		429,289
Cash flows from operating activities:
Net income (loss)			(1,677)	(61,607)		(63,284)
Net gain (loss) from discontinued operations, net of taxes			(1,260)			(26,408)
Net income (loss) from continuing operations			(417)			(36,876)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
(Benefit from) provision for loan losses			14,253			40,390
(Income) loss of associated companies, net of taxes			(4,893)			29,614
Realized and unrealized losses on securities, net			8,482			26,484
Derivative gains on economic interests in loans						(2,660)
Deferred income taxes						(7,209)
Depreciation and amortization						32,480
Non-cash lease expense						4,743
Equity-based compensation						256
Asset impairment charges			0			617
Other						2,409
Net change in operating assets and liabilities:
Trade and other receivables						11,354
Inventories						6,714
Prepaid expenses and other assets						1,746
Accounts payable, accrued and other liabilities						(3,805)
Net (increase) decrease in loans held for sale						153,635
Net cash provided by operating activities - continuing operations						259,892
Net cash provided by (used in) operating activities - discontinued operations						(1,671)
Total cash provided by operating activities						258,221
Cash flows from investing activities:
Purchases of investments						(6,363)
Proceeds from sales of investments						2,327
Proceeds from maturities of investments						27,206
Loan originations, net of collections						(2,023,616)
Purchases of property, plant and equipment						(11,035)
Proceeds from sale of property, plant and equipment						3,067
Acquisition, net of cash acquired						(3,500)
Net cash provided by (used in) investing activities - continuing operations						(2,011,914)
Net cash provided by (used in) investing activities - discontinued operations						0
Net cash provided by (used in) investing activities						(2,011,914)
Cash flows from financing activities:
Net revolver (repayments) borrowings						33,654
Repayments of term loans						(6,477)
Repayments of other borrowings						0
Proceeds from other borrowings						2,032,236
Distribution to preferred unitholders						(40,000)
Deferred finance charges						(1,474)
Net increase (decrease) in deposits						(296,714)
Net cash (used in) provided by financing activities - continuing operations						1,721,225
Net cash used in financing activities - discontinued operations						0
Net cash (used in) provided by financing activities						1,721,225
Net change for the period						(32,468)
Effect of exchange rate changes on cash and cash equivalents						84
Cash, cash equivalents and restricted cash at beginning of period				139,467		139,467	139,467
Cash, cash equivalents and restricted cash at end of period			107,083			107,083
As Previously Reported | Diversified Industrial net sales
Revenue:
Total revenue			252,172			514,472
As Previously Reported | Energy net revenue
Revenue:
Total revenue			14,302			52,904
As Previously Reported | Financial Services revenue
Revenue:
Total revenue			28,963			75,961
Adjustments for Error Corrections
Revenue:
Total revenue			(1,064)			(1,754)
Costs and expenses:
Cost of goods sold			1,025			794
Selling, general and administrative expenses			(2,797)			(3,533)
Asset impairment charges			0			0
Finance interest expense			0			0
(Benefit from) provision for loan losses			0			0
Interest expense			0			312
Realized and unrealized (gains) losses on securities, net			0			0
Other income, net			0			0
Total costs and expenses			(1,772)			(2,427)
Income (loss) from continuing operations before income taxes and equity method investments			708			673
Income tax provision (benefit)			274			259
(Income) loss of associated companies, net of taxes			0			0
Net income (loss) from continuing operations			434			414
Discontinued operations
Gain (loss) from discontinued operations, net of taxes			0			0
Net loss on deconsolidation of discontinued operations			0			879
Net gain (loss) from discontinued operations, net of taxes			0			879
Net income (loss)			434	859		1,293
Net income attributable to noncontrolling interests in consolidated entities (continuing operations)			0			0
Net income (loss) attributable to common unitholders			$ 434			$ 1,293
Net (loss) income per common unit - basic and diluted
Net income (loss) from continuing operations (in dollars per share)			$ 0.01			$ 0.01
Net income (loss) from discontinued operations (in dollars per share)			0			0.03
Net income (loss) attributable to common unitholders (in dollars per share)			$ 0.01			$ 0.04
Denominator for net income (loss) per common unit - basic (in shares)			24,958,026			24,989,440
Weighted-average number of common units outstanding - diluted (in shares)			24,958,026			24,989,440
Consolidated Statement of Comprehensive (Loss) Income
Net income (loss)			$ 434	859		$ 1,293
Currency translation adjustments			0			0
Other comprehensive income (loss)			0			0
Comprehensive income (loss)			434			1,293
Comprehensive income attributable to noncontrolling interests			0			0
Comprehensive income (loss) attributable to common unitholders			434			1,293
Increase (Decrease) in Stockholders' Equity
Balance at beginning of year			(8,927)	(9,786)		(9,786)	(9,786)
Net income (loss)			434	859		1,293
Currency translation adjustments			0	0
Equity compensation - restricted units			0	0
Deconsolidation of API (see Note 3)				0
Other, net			0	0
Balance at end of year			(8,493)	(8,927)		(8,493)
Cash flows from operating activities:
Net income (loss)			434	859		1,293
Net gain (loss) from discontinued operations, net of taxes			0			879
Net income (loss) from continuing operations			434			414
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
(Benefit from) provision for loan losses			0			0
(Income) loss of associated companies, net of taxes			0			0
Realized and unrealized losses on securities, net			0			0
Derivative gains on economic interests in loans						0
Deferred income taxes						393
Depreciation and amortization						0
Non-cash lease expense						0
Equity-based compensation						0
Asset impairment charges			0			0
Other						16
Net change in operating assets and liabilities:
Trade and other receivables						(1,646)
Inventories						(968)
Prepaid expenses and other assets						0
Accounts payable, accrued and other liabilities						1,791
Net (increase) decrease in loans held for sale						0
Net cash provided by operating activities - continuing operations						0
Net cash provided by (used in) operating activities - discontinued operations						0
Total cash provided by operating activities						0
Cash flows from investing activities:
Purchases of investments						0
Proceeds from sales of investments						0
Proceeds from maturities of investments						0
Loan originations, net of collections						0
Purchases of property, plant and equipment						0
Proceeds from sale of property, plant and equipment						0
Acquisition, net of cash acquired						0
Net cash provided by (used in) investing activities - continuing operations						0
Net cash provided by (used in) investing activities - discontinued operations						0
Net cash provided by (used in) investing activities						0
Cash flows from financing activities:
Net revolver (repayments) borrowings						0
Repayments of term loans						0
Repayments of other borrowings						0
Proceeds from other borrowings						0
Distribution to preferred unitholders						0
Deferred finance charges						0
Net increase (decrease) in deposits						0
Net cash (used in) provided by financing activities - continuing operations						0
Net cash used in financing activities - discontinued operations						0
Net cash (used in) provided by financing activities						0
Net change for the period						0
Effect of exchange rate changes on cash and cash equivalents						0
Cash, cash equivalents and restricted cash at beginning of period				$ (1,519)		(1,519)	$ (1,519)
Cash, cash equivalents and restricted cash at end of period			(1,519)			(1,519)
Adjustments for Error Corrections | Diversified Industrial net sales
Revenue:
Total revenue			(1,064)			(1,754)
Adjustments for Error Corrections | Energy net revenue
Revenue:
Total revenue			0			0
Adjustments for Error Corrections | Financial Services revenue
Revenue:
Total revenue			$ 0			$ 0