Associated Capital (AC) 10-K 15 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 03, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0001642122
Entity Registrant Name	Associated Capital Group, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	001-37387
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-3965991
Entity Address, Address Line One	191 Mason Street
Entity Address, City or Town	Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06830
City Area Code	203
Local Phone Number	629-9595
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	AC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 111,632,521
Auditor Firm ID	34
Auditor Name	Deloitte & Touche, LLP
Auditor Location	Stamford, Connecticut
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		18,962,754
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,994,616

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenues
Total revenues			$ 15,228	$ 20,924
Expenses
Compensation			18,883	24,457
Management fee			0	8,426
Other operating expenses			7,607	7,117
Total expenses			26,490	40,000
Operating loss			(11,262)	(19,076)
Other income/(expense)
Net gain/(loss) from investments			(56,513)	93,405
Interest and dividend income			10,653	12,109
Interest expense			(216)	(310)
Shareholder-designated contribution			(3,127)	(4,789)
Total other income/(expense), net			(49,203)	100,415
Income/(loss) before income taxes			(60,465)	81,339
Income tax expense/(benefit)			(14,943)	17,705
Income/(loss) before noncontrolling interests	$ 13,664	$ 9,444	(45,522)	63,634
Less: Income attributable to noncontrolling interests			3,385	4,431
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders			$ (48,907)	$ 59,203
Net income/(loss) per share attributable to Associated Capital Group, Inc.'s shareholders:
Basic and Diluted EPS (in dollars per share)			$ (2.22)	$ 2.68
Diluted (in dollars per share)			$ (2.22)	$ 2.68
Weighted average shares outstanding (in thousands):
Basic (in shares)			22,024	22,120
Diluted (in shares)			22,024	22,120
Actual shares outstanding (in thousands) (in shares)	21,990	22,058	21,990	22,058
Investment Advice [Member]
Revenues
Total revenues			$ 14,801	$ 20,530
Financial Service, Other [Member]
Revenues
Total revenues			$ 427	$ 394

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net income/(loss) before noncontrolling interests	$ (45,522)	$ 63,634
Less: Comprehensive income attributable to noncontrolling interests	3,385	4,431
Comprehensive income/(loss) attributable to Associated Capital Group, Inc.	$ (48,907)	$ 59,203

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents		$ 218,462	$ 319,048
Investments in U.S. Treasury Bills with greater than 3 month maturities		186,001	60,996
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		195,585	273,087
Investments in affiliated registered investment companies		126,210	134,548
Investments in partnerships		150,498	154,460
Receivable from brokers		12,072	42,478
Investment advisory fees receivable		3,807	8,315
Receivable and investment in note receivable from affiliates		2,517	10,094
Income taxes receivable, including deferred tax assets, net		10,320	0
Goodwill		3,519	3,519
Other assets		18,699	21,682
Investments in marketable securities held in trust	[1]	0	175,109
Total assets		927,690	1,203,336
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Payable to brokers		7,784	9,339
Income taxes payable, including deferred tax liabilities, net		0	8,575
Compensation payable		13,936	19,730
Securities sold, not yet purchased		2,874	12,905
Accrued expenses and other liabilities		2,707	3,580
Deferred underwriting fee payable		0	6,125
PMV warrant liability		0	5,280
Total liabilities		27,301	65,534
Redeemable noncontrolling interests		10,193	202,456
Commitments and contingencies (Note 12)
Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding		0	0
Additional paid-in capital		999,047	990,069
Retained earnings		15,126	68,435
Treasury stock, at cost (3,601,877 and 3,534,085 shares, respectively)		(124,002)	(121,427)
Total Associated Capital Group, Inc. equity		890,196	937,102
Noncontrolling interests		0	(1,756)
Total equity		890,196	935,346
Total liabilities and equity		927,690	1,203,336
Common Class A [Member]
Equity:
Common stock		6	6
Common Class B [Member]
Equity:
Common stock		$ 19	$ 19
[1]At December 31, 2021, marketable securities held in the trust account through PMV were comprised of U.S Treasury Bills which mature in less than one year with an amortized cost and fair value of approximately $175 million. Such investments were categorized as Level 1.

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Stock value	$ 195,585	$ 273,087
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares outstanding (in shares)	21,990,000	22,058,000
Treasury stock shares (in shares)	3,601,877	3,534,085
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	6,629,254	6,629,254
Common stock, shares outstanding (in shares)	3,027,541	3,095,169
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	19,196,792	19,196,792
Common stock, shares outstanding (in shares)	18,962,754	18,962,918
GAMCO Investors, Inc [Member]
Stock value	$ 36,700	$ 60,400

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Parent [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interests [Member]	Total
Balance at Dec. 31, 2020	$ 25	$ 13,649	$ 999,047	$ (113,783)	$ 898,938	$ 2,451	$ 206,828	$ 901,389
Redemptions of noncontrolling interests	0	0	0	0	0	0	(12,066)	0
Net income/(loss)	0	18,555	0	0	18,555	0	172	18,555
Purchases of treasury stock	0	0	0	(4,198)	(4,198)	0	0	(4,198)
Contributions from redeemable noncontrolling interests	0	0	0	0	0	0	136	0
Balance at Mar. 31, 2021	25	32,204	999,047	(117,981)	913,295	2,451	195,070	915,746
Balance at Dec. 31, 2020	25	13,649	999,047	(113,783)	898,938	2,451	206,828	901,389
Dividends declared ($0.10 per share)								(4,400)
Net income/(loss) before noncontrolling interests								63,634
Balance at Dec. 31, 2021	25	68,435	990,069	(121,427)	937,102	(1,756)	202,456	935,346
Balance at Mar. 31, 2021	25	32,204	999,047	(117,981)	913,295	2,451	195,070	915,746
Net income/(loss)	0	29,716	0	0	29,716	0	(532)	29,716
Purchases of treasury stock	0	0	0	(1,893)	(1,893)	0	0	(1,893)
Accretion of redeemable noncontrolling interest	0	0	(6,001)	0	(6,001)	(2,892)	8,893	(8,893)
Other changes to redeemable noncontrolling interests	0	0	0	0	0	0	(7,527)	0
Dividends declared ($0.10 per share)	0	(2,211)	0	0	(2,211)	0	0	(2,211)
Accretion of redeemable noncontrolling interest	0	0	6,001	0	6,001	2,892	(8,893)	8,893
Contributions from redeemable noncontrolling interests	0	0	0	0	0	0	665	0
Balance at Jun. 30, 2021	25	59,709	993,046	(119,874)	932,906	(441)	196,569	932,465
Redemptions of noncontrolling interests	0	0	0	0	0	0	(2,161)	0
Net income/(loss)	0	1,503	0	0	1,503	122	3,879	1,625
Purchases of treasury stock	0	0	0	(1,396)	(1,396)	0	0	(1,396)
Accretion of redeemable noncontrolling interest	0	0	(1,028)	0	(1,028)	(478)	1,506	(1,506)
Accretion of redeemable noncontrolling interest	0	0	1,028	0	1,028	478	(1,506)	1,506
Balance at Sep. 30, 2021	25	61,212	992,018	(121,270)	931,985	(797)	199,793	931,188
Redemptions of noncontrolling interests	0	0	0	0	0	0	(973)	0
Purchases of treasury stock	0	0	0	(157)	(157)	0	0	(157)
Accretion of redeemable noncontrolling interest	0	0	(1,949)	0	(1,949)	(974)	2,923	(2,923)
Other changes to redeemable noncontrolling interests	0	0	0	0	0	0	(62)	0
Dividends declared ($0.10 per share)	0	(2,206)	0	0	(2,206)	0	0	(2,206)
Accretion of redeemable noncontrolling interest	0	0	1,949	0	1,949	974	(2,923)	2,923
Net income/(loss) before noncontrolling interests	0	9,429	0	0	9,429	15	775	9,444
Balance at Dec. 31, 2021	25	68,435	990,069	(121,427)	937,102	(1,756)	202,456	935,346
Redemptions of noncontrolling interests	0	0	0	0	0	0	(486)	0
Net income/(loss)	0	(16,186)	0	0	(16,186)	197	2,484	(15,989)
Purchases of treasury stock	0	0	0	(293)	(293)	0	0	(293)
Accretion of redeemable noncontrolling interest	0	0	(584)	0	(584)	(292)	876	(876)
Other changes to redeemable noncontrolling interests	0	0	0	0	0	0	(10)	0
Accretion of redeemable noncontrolling interest	0	0	584	0	584	292	(876)	876
Balance at Mar. 31, 2022	25	52,249	989,485	(121,720)	920,039	(1,851)	205,320	918,188
Balance at Dec. 31, 2021	25	68,435	990,069	(121,427)	937,102	(1,756)	202,456	935,346
Dividends declared ($0.10 per share)								(4,400)
Net income/(loss) before noncontrolling interests								(45,522)
Balance at Dec. 31, 2022	25	15,126	999,047	(124,002)	890,196	0	10,193	890,196
Balance at Mar. 31, 2022	25	52,249	989,485	(121,720)	920,039	(1,851)	205,320	918,188
Redemptions of noncontrolling interests	0	0	0	0	0	0	(486)	0
Net income/(loss)	0	(29,887)	0	0	(29,887)	83	(288)	(29,804)
Purchases of treasury stock	0	0	0	(1,317)	(1,317)	0	0	(1,317)
Accretion of redeemable noncontrolling interest	0	0	(662)	0	(662)	(331)	993	(993)
Other changes to redeemable noncontrolling interests	0	0	0	0	0	0	(226)	0
Dividends declared ($0.10 per share)	0	(2,203)	0	0	(2,203)	0	0	(2,203)
Accretion of redeemable noncontrolling interest	0	0	662	0	662	331	(993)	993
Balance at Jun. 30, 2022	25	20,159	990,147	(123,037)	887,294	(1,437)	203,327	885,857
Redemptions of noncontrolling interests	0	0	0	0	0	0	(29,001)	0
Net income/(loss)	0	(16,498)	0	0	(16,498)	0	494	(16,498)
Purchases of treasury stock	0	0	0	(441)	(441)	0	0	(441)
Accretion of redeemable noncontrolling interest	0	0	(8,900)	0	(8,900)	(4,305)	13,205	(13,205)
Other changes to redeemable noncontrolling interests	0	0	0	0	0	0	263	0
Accretion of redeemable noncontrolling interest	0	0	8,900	0	8,900	4,305	(13,205)	13,205
Effect of deconsolidation	0	0	0	0	0	(2,868)	(152,100)	(2,868)
Balance at Sep. 30, 2022	25	3,661	999,047	(123,478)	879,255	0	9,778	879,255
Purchases of treasury stock	0	0	0	(524)	(524)	0	0	(524)
Dividends declared ($0.10 per share)	0	(2,199)	0	0	(2,199)	0	0	(2,199)
Net income/(loss) before noncontrolling interests	0	13,664	0	0	13,664	0	415	13,664
Balance at Dec. 31, 2022	$ 25	$ 15,126	$ 999,047	$ (124,002)	$ 890,196	$ 0	$ 10,193	$ 890,196

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Dividends declared, per share (in dollars per share)	$ 0.10	$ 0.10	$ 0.10	$ 0.10

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Income/(loss) before noncontrolling interests	$ (45,522)	$ 63,634
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Equity in net (gains)/losses from partnerships	1,895	(23,392)
Depreciation and amortization	341	379
Deferred income taxes	(14,211)	8,742
Donated securities	711	2,213
Unrealized (gains)/losses on securities	64,078	(26,791)
Dividends received as securities	0	(5,066)
Loss on deconsolidation of subsidiary	3,634	0
Realized gains on sales of securities	(12,846)	(38,971)
(Increase)/decrease in assets:
Investments in trading securities	(92,484)	281,986
Investments in partnerships:
Contributions to partnerships	(7,510)	(15,172)
Distributions from partnerships	10,643	11,308
Receivable from affiliates	2,511	(285)
Receivable from brokers	23,667	(10,097)
Investment advisory fees receivable	4,462	(916)
Income taxes receivable	(2,644)	0
Other assets	2,609	(1,454)
Increase/(decrease) in liabilities:
Payable to affiliates	0	(2,188)
Payable to brokers	(1,555)	2,843
Income taxes payable	(2,040)	(7,706)
Compensation payable	(5,794)	1,163
Accrued expenses and other liabilities	(497)	(2,036)
Total adjustments	(25,030)	174,560
Net cash (used in)/provided by operating activities	(70,552)	238,194
Investing activities
Maturities of marketable securities held in trust	0	175,109
Purchases of marketable securities held in trust	0	(175,109)
Purchases of securities	(8,462)	(8,738)
Proceeds from sales of securities	2,940	35,329
Return of capital on securities	2,329	38,694
Deconsolidation of subsidiary cash	(1,471)	0
Proceeds from maturities of debt securities held to maturity	5,066	0
Net cash provided by investing activities	402	65,285
Financing activities
Dividends paid	(4,402)	(4,417)
Purchases of treasury stock	(2,575)	(7,644)
Redemptions of redeemable noncontrolling interests	(30,198)	(2,333)
Net cash used in financing activities	(37,175)	(14,394)
Net (decrease)/increase in cash, cash equivalents and restricted cash	(107,325)	289,085
Cash, cash equivalents and restricted cash at beginning of period	328,594	39,509
Cash, cash equivalents and restricted cash at end of period	221,269	328,594
Supplemental disclosures of cash flow information:
Cash paid for interest	216	310
Cash paid for taxes	4,024	16,741
Reconciliation of Cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	218,462	319,048
Restricted cash included in receivable from broker	2,807	9,546
Cash, cash equivalents and restricted cash	$ 221,269	$ 328,594

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Reduction of Assets	$ 176.9
Liabilities	7.4
Redeemable Noncontrolling Interest	165
Investment in marketable securities	175.4
Deferred underwriting fee payable	6.1
Investment in securites	9.9
Investment in securities	1
PMV [Member]
Cash held by consolidated company	1.5
Warrant liability	$ 0.9

Note 1 - Organization

Note 1 - Organization	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Unless we have indicated otherwise, or the context otherwise requires, references in this report to “Associated Capital Group, Inc.,” “AC Group,” “the Company,” “AC,” “we,” “us” and “our” or similar terms are to Associated Capital Group, Inc., its predecessors and its subsidiaries. We are a Delaware corporation that provides alternative investment management, and we derive investment income/(loss) from proprietary investment of cash and other assets in our operating business. Our proprietary portfolio of cash and investments will be used to invest primarily in funds that we will manage, provide seed capital for new products, expand our geographic presence, develop new markets and pursue strategic acquisitions and alliances. GCIA and its wholly-owned subsidiary, Gabelli & Partners, LLC (“Gabelli & Partners”), collectively serve as general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, “Investment Partnerships”), and separate accounts. We primarily manage assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. The businesses earn management and incentive fees from their advisory activities. Management fees are largely based on a percentage of assets under management. Incentive fees are based on a percentage of the investment returns of certain clients’ portfolios. GCIA is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940, PMV Consumer Acquisition Corp. PMV Consumer Acquisition Corp. (“PMV”, or “PMV SPAC”), a special purpose acquisition corporation, and its sponsor, PMV Consumer Acquisition Holding Company, LLC ("Sponsor", collectively "Consolidated PMV") were previously consolidated in the financial statements of AC because AC had a controlling financial interest in these entities through AC's 100% ownership of the manager of the Sponsor. Commencing in August 2022, no no August 2022. As of December 31, 2021, 2022 2021. 5. Investment Partnerships and Other Entities See Note 5 https://www.sec.gov AC Spin-off On November 30, 2015, As part of the Spin-off, AC received 4,393,055 shares of GAMCO Class A common stock for $150 million. The Company currently holds 2,407,000 shares as of December 31, 2022

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Consolidated Financial Statements All intercompany transactions and balances have been eliminated. Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that such control ceases. The Company’s principal market is in the United States. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported on the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Cash and Cash Equivalents Cash equivalents primarily consist of an affiliated money market mutual fund which is highly liquid. U.S. Treasury Bills and Notes with maturities of three Investments in Securities Securities owned are recorded at fair value in the statements of financial condition with any unrealized gains or losses reported in current period earnings in net gain/(loss) from investments on the consolidated statements of income. Securities transactions and any related gains and losses are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the specific identified cost basis and are included in net gain/(loss) from investments on the consolidated statements of income. Management determines the appropriate classification of debt securities at the time of purchase. Government debt securities with maturities of greater than three Investments in securities are reflected in U.S. Treasury Bills, investments in equity securities, investments in affiliated registered investment companies and investments in marketable securities held in trust. Securities sold, but not may not Fair Value of Financial Instruments The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy in accordance with the guidance on fair value measurement. The levels of the fair value hierarchy and their applicability to the Company are described below: • Level 1 1 • Level 2 1 2 not • Level 3 In certain cases, the inputs used to measure fair value may The availability of observable inputs can vary from instrument to instrument and is affected by a wide variety of factors, including, for example, the type of instrument, whether the instrument is new and not 3. In the absence of a closing price, an average of the bid and ask price is used. Bid prices reflect the highest price that market participants are willing to pay for an asset. Ask prices represent the lowest price that market participants are willing to accept for an asset. Cash equivalents 1 Investments in securities not not 1 2 3 Investment in note receivable from affiliate not 2. PMV warrant liability 1 Investments in marketable securities held in trust account At December 31, 2021, 320 Receivables from Affiliates and Payables to Affiliates Receivables from affiliates consist primarily of sub-advisory fees due from Gabelli Funds, LLC, a subsidiary of GAMCO. Payables to affiliates primarily consist of expenses paid by affiliates on behalf of the Company pursuant to a transitional services agreement with GAMCO entered into in connection with the AC Spin-off. Receivables from and Payables to Brokers Receivables from and payables to brokers consist of amounts related to purchases and sales of securities, restricted cash held on deposit and cash amounts held in anticipation of investment. Consolidation The Company assesses all entities with which it is involved for consolidation on a case by case basis depending on the specific facts and circumstances surrounding each entity. Pursuant to the accounting guidance, the Company first not not For any entity in which the Company has determined that it does hold a variable interest, the Company performs an assessment to determine whether it qualifies as a variable interest entity (“VIE”). A VIE is an entity in which either the equity investment at risk is not not Under the variable interest entity model, the Company consolidates those entities where it is determined that the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it has a controlling financial interest in the VIE, which is defined as possessing both (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. When the Company alone is not not The Company determines whether it is the primary beneficiary of a VIE at the time it becomes initially involved with the VIE and reconsiders that conclusion as required. Investments and redemptions (either by the Company, related parties or third may Entities that do not not The Company records noncontrolling interests in consolidated entities for which the Company’s ownership is less than 100%. Investments in Partnerships and Affiliates The Company is general partner or co-general partner of various affiliated entities. We also have investments in unaffiliated partnerships, offshore funds and other entities (collectively, “unaffiliated entities”). Given that we are not not The financial statement caption investments in partnerships, in the consolidated statements of financial condition, includes investments in both affiliated and unaffiliated entities. The Company accounts for its investments in partnerships and affiliates under the equity method. Substantially all of the Company’s equity method investees are entities that record their underlying investments at fair value and are included in investments in partnerships. Therefore, under the equity method of accounting, the Company’s share of the investee’s underlying net income predominantly represents fair value adjustments in the investments held by the equity method investees. The Company’s share of the investee’s underlying net income or loss is based upon the most currently available information and is recorded in net gain/(loss) from investments on the consolidated statements of income. Capital contributions are recorded as an increase in investments when payable, and withdrawals and distributions are recorded as reductions of the investments when receivable. Depending on the terms of the investment, the Company may Derivative Financial Instruments The Company recognizes all derivatives as either assets or liabilities measured at fair value and includes such derivatives in either investments in securities or securities sold, not not Major Revenue-Generating Services and Revenue Recognition The Company’s revenues are derived primarily from investment advisory and incentive fees. Investment advisory and incentive fees are directly influenced by the level and mix of AUM as fees are derived from a contractually-determined percentage of the balance of each account as well as a percentage of the investment performance of certain accounts. Management fees from Investment Partnerships and offshore funds are computed either monthly or quarterly, and amounts receivable are included in investment advisory fees receivable on the consolidated statements of financial condition. These revenues vary depending upon the level of capital flows, financial market conditions, investment performance and the fee rates applicable to each account. Incentive allocations or fees are generally recognized at the end of an annual measurement period and amounts receivable are included in investment advisory fees receivable on the consolidated statements of financial condition. The Company’s major revenue sources are as follows: Investment advisory and incentive fees. a) Asset-based advisory fees – The Company receives a management fee, payable monthly in advance based on value of the net assets of the client. It is generally set at a rate of 1%-1.5% per annum. Asset-based management fee revenue is recognized only as the services are performed over the period. b) Performance-based advisory fees – Certain client contracts call for additional fees and or allocations of income tied to a certain percentage, generally 15%-20%, of the investment performance of the account over a measurement period, typically the calendar year. In addition, the contracts provide that performance-based fees or allocations become fixed in the event of an investor redemption prior to the end of the measurement period. In the event that an account suffers a loss in one not c) Sub-advisory fees – Pursuant to agreements with other investment advisors, the Company receives a percentage of advisory fees received by such advisors from certain of their investment fund clients. These fees may may not The Company reserves the right to waive or reduce asset-based and performance-based fees with respect to certain investors in the investment funds, which may third may may Our advisory fee revenues are influenced by both the amount of AUM and the investment performance of our products. An overall decline in the prices of securities may Depreciation Fixed assets are recorded at cost and depreciated using the straight-line method over their estimated useful lives of four thirty-nine Fixed assets as of December 31, 2022 2021 December 31, 2022 2021 Buildings $ 17,748 $ 17,745 Equipment 207 206 Total 17,955 17,951 Less: accumulated depreciation (1,102 ) (761 ) Net book value $ 16,853 $ 17,190 Allocated Expenses The Company is charged or incurs certain overhead expenses that are paid by, or paid on our behalf by, other affiliates and are included in other operating expenses on the consolidated statements of income. These overhead expenses primarily relate to centralized functions, including finance and accounting, legal, compliance, treasury, tax, internal audit, information technology, human resources and risk management. These overhead expenses are allocated to the Company by other affiliates (primarily GAMCO) or allocated by the Company to other affiliates as the expenses are incurred, based upon direct usage when identifiable, or by revenue, headcount, space or other allocation methodologies periodically reviewed by the management of the Company and the affiliates. The compensation expense and related payroll taxes and benefits of certain dual employees that provide services to both AC and affiliates are allocated based upon the relative time each employee devotes to each affiliate. These allocated compensation expenses are included in compensation on the consolidated statements of income. All of the allocations and estimates in the financial statements are based on assumptions that management of AC believes are reasonable. However, these allocations may not may Management Fee Management fee expense in the amount of 10% of the aggregate pre-tax profits, before consideration of this fee and before consideration of the income attributable to consolidated funds and partnerships, is paid to the Executive Chair or his designees in accordance with his employment agreement. Stock-Based Compensation From time to time, the Company’s Board of Directors approves grants of Phantom Restricted Stock awards (“Phantom RSAs”). The Phantom RSAs are settled by a cash payment, net of applicable withholding tax, on the vesting dates. In addition, an amount equivalent to the cumulative dividends declared on shares of the Company’s Class A common stock during the vesting period will be paid to participants on vesting. The Phantom RSAs are accounted for as a liability because cash settlement is required and compensation will be recognized over the vesting period. The Company amortizes each award based on the applicable vesting period. In determining the compensation expense to be recognized each period, the Company will remeasure the fair value of the liability at each reporting date taking into account the remaining vesting period attributable to each award and the current market value of the Company’s Class A stock. In making these determinations, the Company will consider the impact of Phantom RSAs that have been forfeited prior to vesting (e.g., due to an employee termination). The Company has elected to consider forfeitures as they occur. Goodwill Goodwill is initially measured as the excess of the cost of an acquired business over the sum of the fair value assigned to assets acquired less the liabilities assumed. Goodwill is tested for impairment at least annually on November 30th November 30, 2022 2021 not not 2022 2021. Income Taxes For purposes of the preparation of the consolidated financial statements, the provision for income taxes is computed using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense/benefit in the period that includes the enactment date of the change in tax rate. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not not For uncertain tax positions the Company first not not 50% Redeemable Noncontrolling Interests and Noncontrolling Interests Noncontrolling interests in Investment Partnerships or other entities that are redeemable at the option of the holder are classified as redeemable noncontrolling interests in the mezzanine section of the consolidated statements of financial condition between liabilities and equity. Noncontrolling interests in other entities that are not Redeemable Noncontrolling Interests-PMV Prior to the deconsolidation of Consolidated PMV, the Company accounted for the common stock held by noncontrolling interest holders of PMV SPAC as subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 480" not December 31, 2021, August 2022, December 31, 2022. The discount amount related to the issuance of redeemable noncontrolling interest was amortized through an adjustment to additional paid-in capital and noncontrolling interest (proportionate to our ownership of the Sponsor) and was adjusted periodically for income/loss allocated to redeemable noncontrolling interest. For the years ended December 31, 2022 2021 third PMV Warrant Liability In connection with its initial public offering, PMV sold 17,500,000 units, at $10.00 per unit. Each unit consisted of one share of Class A common stock and one one The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 815, 815” 480, 480, 815, For warrants that do not The warrant liability related to the Public Warrant was charged against the redeemable noncontrolling interest of PMV. Offering Costs Offering costs incurred by the initial public offering of PMV consist of legal, accounting, underwriting fees and other costs. Offering costs amounting to $9,957,390, including deferred underwriting fees of $6,125,000, net of a $175,000 credit paid by the underwriter, were allocated as follows, $502,848 in offering costs was charged to other operating expenses in the consolidated statements of income in 2021 2021, Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and receivables from brokers. The Company maintains cash and cash equivalents primarily in the Gabelli U.S. Treasury Money Market Fund, which invests fully in instruments issued by the U.S. government. Receivables from brokers and financial institutions can exceed the federally insured limit. The concentration of credit risk with respect to advisory fees and incentive fees, which are included in investment advisory fees receivable and receivables from affiliates on the consolidated statements of financial condition, is generally limited due to the short payment terms extended to clients by the Company. All investments in securities are held at third Business Segment The Company operates in one Recent Accounting Developments In June 2016, 2016 13, Accounting for Financial Instruments - Credit Losses (Topic 326 2016 13” 2016 13, November 2019, 2019 10, three January 1, 2023 not In January 2017, 2017 04, Intangibles Goodwill and Other 2019 10, January 1, 2023. not In December 2019, 2019 12, 740 740. 740 January 1, 2021. not

Note 3 - Revenue

Note 3 - Revenue	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. The Company’s revenue is accounted for as contracts with customers, and the timing of revenue recognition is based on the Company’s analysis of the provisions of each respective contract. Depending upon the specific terms, revenue may may may Total revenues by type were as follows for the years ended December 31, 2022 2021 Year Ended December 31, 2022 2021 Investment advisory and incentive fees Asset-based advisory fees $ 5,178 $ 5,021 Performance-based advisory fees 2,544 7,006 Sub-advisory fees 7,079 8,503 Sub-total 14,801 20,530 Other Miscellaneous 427 394 Total $ 15,228 $ 20,924

Note 4 - Investments in Securit

Note 4 - Investments in Securities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	4. Investments in securities at December 31, 2022 2021 December 31, 2022 December 31, 2021 Cost Fair Value Cost Fair Value Debt - Trading Securities: U.S. Treasury Bills $ 184,636 $ 186,001 $ 60,992 $ 60,996 Equity Securities: Common stocks 221,794 189,977 239,383 265,156 Mutual funds 539 906 524 1,351 Other investments 6,364 4,702 6,253 6,580 Total equity securities 228,697 195,585 246,160 273,087 Total investments in securities $ 413,333 $ 381,586 $ 307,152 $ 334,083 Investments in marketable securities held in trust (1) $ - $ - $ 175,109 $ 175,109 ( 1 December 31, 2021 one The Company's held to maturity investments at December 31, 2022 2021 December 31, 2022 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Estimated Fair Value Held to maturity: Investment in note receivable from affiliate $ - $ - $ - $ - During the year ended December 31, 2022, no December 31, 2021 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Estimated Fair Value Held to maturity: Investment in note receivable from affiliate (2) $ 5,066 $ - $ - $ 5,066 ( 2 2023 2021 Securities sold, not December 31, 2022 2021 December 31, 2022 December 31, 2021 Cost Fair Value Cost Fair Value Equity securities: Common stocks $ 2,918 $ 2,509 $ 9,021 $ 9,838 Other investments 499 365 2,767 3,067 Total securities sold, not yet purchased $ 3,417 $ 2,874 $ 11,788 $ 12,905 Investments in affiliated registered investment companies at December 31, 2022 2021 December 31, 2022 December 31, 2021 Cost Fair Value Cost Fair Value Equity securities: Closed-end funds $ 45,029 $ 56,772 $ 42,484 $ 64,381 Mutual funds 50,224 69,438 49,362 70,167 Total investments in affiliated registered investment companies $ 95,253 $ 126,210 $ 91,846 $ 134,548

Note 5 - Investment Partnership

Note 5 - Investment Partnerships and Other Entities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Investment Holdings [Text Block]	5. The Company is general partner or co-general partner of various affiliated entities whose underlying assets consist primarily of marketable securities (“Affiliated Entities”). We also had investments in unaffiliated partnerships, offshore funds and other entities of $35.8 and $41.9 million at December 31, 2022 2021 none Investments in partnerships that are not December 31, 2022 2021 Capital may may may No no PMV Consumer Acquisition Corp. Commencing in August 2022, no We accounted for our remaining interest in PMV (comprising 1 million shares of Class A common stock and 500,000 PMV Public Warrants) at fair value. The initial fair value of these investments was $9.9 million based on the respective closing prices of both instruments on the transaction date. Our investments in Class A common stock and PMV Public Warrants were recorded in Investments in equity securities in the condensed consolidated statements of financial condition and related earnings or loss from subsequent changes in fair value recognized in Net gain/(loss) from investments in the consolidated statements of income. On December 27, 2022, We accounted for our remaining interest in the Sponsor (comprising our original $4.0 million investment) under the equity method. The initial fair value was $1.0 million which was valued using the market approach. Our investment is recorded in Investments in partnerships in the consolidated statements of financial condition and related earnings or loss from our share of the underlying net income or loss will be recognized in Net gain/(loss) from investments in the consolidated statements of income. We have continuing involvement with the Sponsor through our ownership interest. In 2021 August 2022, The registration statement for the PMV initial public offering was declared effective on September 21, 2020. September 24, 2020, Simultaneously with the closing of the initial public offering, PMV consummated the sale of 6,150,000 warrants (the “Private Warrants”) at a price of $1.00 per Private Warrant in a private placement to the Sponsor, generating gross proceeds of $6,150,000. AC invested $10 million in the Class A shares in PMV and the Sponsor invested $6.15 million in Private Warrants, both of which were eliminated in the consolidation of PMV for periods in which PMV was consolidated. Following the closing of the initial public offering on September 24, 2020, The following table reflects the net impact of the consolidated investment partnerships and other entities (“Consolidated Entities”) on the consolidated statements of financial condition (in thousands): December 31, 2022 Prior to Consolidated Assets Consolidation Entities As Reported Cash and cash equivalents $ 209,941 $ 8,521 $ 218,462 Investments in U.S. Treasury Bills 183,528 2,473 186,001 Investments in securities 129,942 65,643 195,585 Investments in affiliated registered investment companies 178,689 (52,479 ) 126,210 Investments in partnerships 168,286 (17,788 ) 150,498 Receivable from brokers 4,002 8,070 12,072 Investment advisory fees receivable 3,814 (7 ) 3,807 Other assets (1) 35,045 10 35,055 Total assets $ 913,247 $ 14,443 $ 927,690 Liabilities and equity Securities sold, not yet purchased $ 2,678 $ 196 $ 2,874 Payable to brokers and other liabilities (1) 20,373 4,054 24,427 Redeemable noncontrolling interests - 10,193 10,193 Total equity 890,196 - 890,196 Total liabilities and equity $ 913,247 $ 14,443 $ 927,690 December 31, 2021 Prior to Consolidated Assets Consolidation Entities As Reported Cash and cash equivalents $ 315,009 $ 4,039 $ 319,048 Investments in U.S. Treasury Bills 60,996 - 60,996 Investments in securities 184,229 88,858 273,087 Investments in affiliated registered investment companies 186,474 (51,926 ) 134,548 Investments in partnerships 174,683 (20,223 ) 154,460 Receivable from brokers 21,993 20,485 42,478 Investment advisory fees receivable 8,320 (5 ) 8,315 Other assets (1) 39,400 (4,105 ) 35,295 Investments in marketable securities held in trust - 175,109 175,109 Total assets $ 991,104 $ 212,232 $ 1,203,336 Liabilities and equity Securities sold, not yet purchased 11,199 1,706 12,905 Accrued expenses and other liabilities (1) 33,825 18,804 52,629 Redeemable noncontrolling interests - 202,456 202,456 Total equity 946,080 (10,734 ) 935,346 Total liabilities and equity $ 991,104 $ 212,232 $ 1,203,336 ( 1 The following table reflects the net impact of the Consolidated Entities on the consolidated statements of income (in thousands): Year Ended December 31, 2022 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 15,884 $ (656 ) $ 15,228 Total expenses 24,538 1,952 26,490 Operating loss (8,654 ) (2,608 ) (11,262 ) Total other income/(expense), net (55,196 ) 5,993 (49,203 ) Income before income taxes (63,850 ) 3,385 (60,465 ) Income tax expense (14,943 ) - (14,943 ) Income/(loss) before noncontrolling interests (48,907 ) 3,385 (45,522 ) Income attributable to noncontrolling interests, net of taxes - 3,385 3,385 Net income/(loss) $ (48,907 ) $ - $ (48,907 ) Year Ended December 31, 2021 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 23,852 $ (2,928 ) $ 20,924 Total expenses 39,245 755 40,000 Operating loss (15,393 ) (3,683 ) (19,076 ) Total other income/(expense), net 92,301 8,114 100,415 Income before income taxes 76,908 4,431 81,339 Income tax expense 17,705 - 17,705 Income/(loss) before noncontrolling interests 59,203 4,431 63,634 Income attributable to noncontrolling interests, net of taxes - 4,431 4,431 Net income/(loss) $ 59,203 $ - $ 59,203 Variable Interest Entities With respect to each consolidated VIE, its assets may no The following table presents the balances related to VIEs that are consolidated and included on the consolidated statements of financial condition as well as the Company’s net interest in these VIEs (in thousands): December 31, 2022 December 31, 2021 Cash and cash equivalents $ 500 $ 1,911 Investments in securities 8,396 11,227 Receivable from brokers 304 1,106 Investments in marketable securities held in trust - 175,109 Other assets - 103 Accrued expenses and other liabilities (1) (33 ) (7,074 ) PMV warrant liability - (5,280 ) Redeemable noncontrolling interests (428 ) (162,314 ) Nonredeemable noncontrolling interests - 1,757 AC Group's net interests in consolidated VIEs $ 8,739 $ 16,545 ( 1 Voting Interest Entities We have an investment partnership that is consolidated as a VOE for both 2022 2021 2022 2021 2022 2021 2022, Equity Method Investments The Company’s equity method investments include investments in partnerships and offshore funds. These equity method investments are not 10%

Note 6 - Fair Value

Note 6 - Fair Value	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6. The following tables present information about the Company’s assets and liabilities by major category measured at fair value on a recurring basis as of December 31, 2022 2021 December 31, 2022 Assets Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash equivalents $ 216,313 $ - $ - $ 216,313 Investments in securities (including GAMCO stock): Trading - U.S. Treasury Bills 186,001 - - 186,001 Common stocks 185,952 1,990 2,035 189,977 Mutual funds 906 - - 906 Other 4,132 317 253 4,702 Total investments in securities 376,991 2,307 2,288 381,586 Investments in affiliated registered investment companies: Closed-end funds 45,286 - 11,486 56,772 Mutual funds 69,438 - - 69,438 Total investments in affiliated registered investment companies 114,724 - 11,486 126,210 Total investments held at fair value 491,715 2,307 13,774 507,796 Total assets at fair value $ 708,028 $ 2,307 $ 13,774 $ 724,109 Liabilities Common stocks $ 2,509 $ - $ - $ 2,509 Other 132 233 - 365 Securities sold, not yet purchased 2,641 233 - 2,874 Total liabilities at fair value $ 2,641 $ 233 $ - $ 2,874 December 31, 2021 Assets Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash equivalents $ 314,172 $ - $ - $ 314,172 Investments in securities (including GAMCO stock): Trading - U.S. Treasury Bills 60,996 - - 60,996 Common stocks 260,763 2,320 2,073 265,156 Mutual funds 1,351 - - 1,351 Other 4,833 1,220 527 6,580 Total investments in securities 327,943 3,540 2,600 334,083 Investments in affiliated registered investment companies: Closed-end funds 56,381 - 8,000 64,381 Mutual funds 70,167 - - 70,167 Total investments in affiliated registered investment companies 126,548 - 8,000 134,548 Total investments held at fair value 454,491 3,540 10,600 468,631 Total assets at fair value $ 768,663 $ 3,540 $ 10,600 $ 782,803 Liabilities Common stocks $ 9,838 $ - $ - $ 9,838 Other 1,959 1,108 - 3,067 Securities sold, not yet purchased 11,797 1,108 - 12,905 PMV warrant liability 5,280 - - 5,280 Total liabilities at fair value $ 17,077 $ 1,108 $ - $ 18,185 The following table presents additional information about assets and liabilities by major category measured at fair value on a recurring basis as of the dates specified (in thousands) and for which the Company has utilized Level 3 Year Ended December 31, 2022 Year Ended December 31, 2021 Assets: Total Total Beginning balance $ 10,600 $ 6,498 Total gains/(losses) 27 (546 ) Purchases 5,900 6,053 Sales/return of capital (2,753 ) (1,046 ) Transfers - (359 ) Ending balance $ 13,774 $ 10,600 Changes in net unrealized gain/(loss) included in Net gain/(loss) from investments related to level 3 assets still held as of the reporting date $ 27 $ (546 ) Year Ended December 31, 2022 Year Ended December 31, 2021 Liabilities: Total Total Beginning balance $ - $ - Total (gains)/losses - (3,053 ) Issuances - 8,333 Transfers - (5,280 ) Ending balance $ - $ - Changes in net unrealized (gain)/loss included in Net gain/(loss) from investments related to level 3 liabilities still held as of the reporting date $ - $ - Total realized and unrealized gains and losses for level 3 During the years ended December 31, 2022 2021 no 1 3. December 31, 2022 no 3 1. December 31, 2021 $359 3 1 Transfers out of Level 3 December 31, 2021 1 The aforementioned warrant liability is not The following table presents the carrying amounts and estimated fair values of financial assets that are not December 31, 2022 December 31, 2021 Assets Level within Fair Value Hierarchy Fair Value Amortized Cost Level within Fair Value Hierarchy Fair Value Amortized Cost Investment in note receivable from affiliate (1) - $ - $ - 2 $ 5,066 $ 5,066 Total assets $ - $ - $ 5,066 $ 5,066 ( 1 Included in Receivable and investment in note receivable from affiliates in the consolidated statement of financial condition.

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. The provision for income taxes for the years ended December 31, 2022 2021 2022 2021 Federal: Current $ (348 ) $ 8,512 Deferred (13,237 ) 7,966 State and local: Current (463 ) 453 Deferred (925 ) 722 Foreign: Current 41 36 Deferred (11 ) 16 Total $ (14,943 ) $ 17,705 A reconciliation of the federal statutory rate to the effective tax rate for the years ended December 31, 2022 2021 2022 2021 Statutory Federal income tax rate 21.0 21.0 State income tax, net of Federal benefit 1.7 1.2 Dividends received deduction 0.6 (1.0 ) Deferred tax asset valuation allowance (1.0 ) (0.5 ) Foreign investments - (0.5 ) Foreign-derived intangible income 0.9 (0.7 ) Noncontrolling interests 0.6 (1.1 ) Nondeductible compensation (0.1 ) 2.0 Other 1.0 1.4 Effective income tax rate 24.7 % 21.8 % Significant components of our deferred tax assets and liabilities as of December 31, 2022 2021 2022 2021 Deferred tax assets: Stock-based compensation expense $ 1,073 $ 683 Deferred compensation 542 277 Investments in securities and partnerships 4,660 - Shareholder-designated contribution carryover 1,902 2,990 Other 56 755 8,233 4,705 Deferred tax liabilities: Investments in securities and partnerships - (9,683 ) Other liabilities (221 ) (182 ) (221 ) (9,865 ) Gross deferred tax assets/(liabilities) 8,012 (5,160 ) Valuation allowance (336 ) (1,336 ) Net deferred tax assets/(liabilities) $ 7,676 $ (6,496 ) The Company believes that it is more-likely-than- not not December 31, 2022 2021 The Company records penalties and interest related to tax uncertainties in income taxes. These amounts are included in accrued expenses and other liabilities on the consolidated statements of financial condition. As of and for the periods ended December 31, 2022 2021 not The Company remains subject to income tax examination by the IRS for the years 2019 2021 2016.

Note 8 - Earnings Per Share

Note 8 - Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	8. Basic earnings per share is computed by dividing net income/(loss) attributable to our shareholders by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income/(loss) attributable to our shareholders by the weighted average number of shares, plus any potentially dilutive securities (if any) outstanding during the period. The computations of basic and diluted net income/(loss) per share are as follows: Year Ended December 31, (In thousands, except per share amounts) 2022 2021 Income/(loss) before noncontrolling interests $ (45,522 ) $ 63,634 Less: Income attributable to noncontrolling interests 3,385 4,431 Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders $ (48,907 ) $ 59,203 Weighted average number of shares of Common Stock outstanding - basic 22,024 22,120 Weighted average number of shares of Common Stock outstanding - diluted 22,024 22,120 Basic and Diluted EPS $ (2.22 ) $ 2.68

Note 9 - Related Party Transact

Note 9 - Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	9. The following is a summary of certain related party transactions. GGCP, Inc., a private company controlled by the Executive Chair, indirectly owns a majority of our Class B stock, representing approximately 96% of the combined voting power and 84% of the outstanding shares of our common stock at December 31, 2022 Investments in Securities At December 31, 2022 2021 December 31, 2022 2021 2022 2021 2021 At December 31, 2022 2021 December 31, 2022 December 31, 2021 Investments in equity mutual funds advised by our affiliates (primarily Gabelli Funds, an investment advisor under common control with the Company), totaled $126.2 million and $134.5 million at December 31, 2022 2021 December 31, 2022 2021 Investments in Partnerships The Company serves as an investment advisor and/or general partner for certain affiliated investment partnerships and receives management fees and performance-based incentive fees for providing such services. Investment advisory and incentive fees relating to such services were $7.7 million and $12.0 million for the years ending December 31, 2022 2021 December 31, 2022 2021 Investment Advisory Services Pursuant to a sub-advisory agreement between GCIA, a wholly owned subsidiary of the Company, and Gabelli Funds, Gabelli Funds pays GCIA 90% of the net revenues received by Gabelli Funds related to investment advisory services provided to GAMCO International SICAV – GAMCO Merger Arbitrage, an investment company incorporated under the laws of Luxembourg (the “SICAV”). For this purpose, net revenues are defined as gross advisory fees less expenses related to payouts and expenses of the SICAV paid by Gabelli Funds. GCIA received $7.1 million and $8.9 million during 2022 2021 The Company also serves as sub-advisor to Gabelli Merger Plus+ Trust Plc., an investment company based in the United Kingdom, which is consolidated due to the Company’s controlling interest in the entity. As such, the Company’s portion of management and/or incentive fees received for services provided are eliminated in the consolidation of the entity. Compensation In accordance with an employment agreement, the Company pays the Executive Chair, or his designated assignees, a management fee equal to 10% of the Company’s pretax profits before consideration of this fee and before consolidation of Investment Partnerships. In 2022 2021 Affiliated Receivables/Payables At December 31, 2022 2021 2021 2023 2021 There were no December 31, 2022 2021 Leases Our offices are owned by a wholly owned subsidiary of AC and are located at 191 06830. 2022 2021 AC acquired a building at 3 March 3, 2020 2021. December 31, 2022 2021 In June 2016, December 31, 2022 2021 Other AC and GAMCO entered into a transitional administrative and management services agreement in connection with the spin-off of AC from GAMCO on November 30, 2015. not December 31, 2022 2021 December 31, 2022 2021

Note 10 - Equity

Note 10 - Equity	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	10. Voting Rights The holders of Class A Common stock (“Class A Stock”) and Class B Common stock (“Class B Stock”) have identical rights except that holders of Class A Stock are entitled to one ten not Stock Award and Incentive Plan The Company maintains one May 3, 2016, may one may not ten may December 31, 2022 There were no RSAs outstanding as of December 31, 2022 2021 Based on the closing price of the Company’s Class A Common Stock on December 31, 2022 2021 The following table summarizes our stock-based compensation, as well as unrecognized compensation, for the periods ended December 31, 2022 2021 Year Ended December 31, 2022 2021 Stock-based compensation expense $ 1,811 $ 2,092 Remaining expense to be recognized, if all vesting conditions are met (1) 4,142 6,640 Weighted average remaining contractual term (in years) 1.8 2.2 ( 1 not The following table summarizes Phantom RSA ("PRSA") activity: PRSA's Weighted Average Grant Date Fair Value Balance at December 31, 2021 222,905 $ 36.03 Granted - - Forfeited (945 ) 37.40 Vested - - Balance at March 31, 2022 221,960 $ 36.02 Granted - - Forfeited (6,050 ) 35.63 Vested - - Balance at June 30, 2022 215,910 $ 36.04 Granted 4,500 41.70 Forfeited (8,500 ) 35.82 Vested - - Balance at September 30, 2022 211,910 $ 36.16 Granted - - Forfeited (1,000 ) 35.12 Vested - - Balance at December 31, 2022 210,910 $ 36.17 Stock Repurchase Program In December 2015, February 7, 2017, August 3, 2017 May 8, 2018, not The following table presents the Company's stock repurchase activity and remaining authorization: Number of shares purchased Average price per share Remaining repurchase authorization January 1, 2021 893,102 Share repurchases under stock repurchase program (1) (215,958 ) $ 35.40 Remaining repurchase authorization December 31, 2021 677,144 Share repurchases under stock repurchase program (1) (67,792 ) $ 37.98 Remaining repurchase authorization December 31, 2022 609,352 ( 1 2022 2021 Dividends During 2022 2021

Note 11 - Retirement Plan

Note 11 - Retirement Plan	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	11. The Company participates in an incentive savings plan (the “Savings Plan”) covering substantially all employees. Company contributions to the Savings Plan are determined annually by management of the Company but may not 1986, 2022 2021

Note 12 - Guarantees, Contingen

Note 12 - Guarantees, Contingencies and Commitments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	12. From time to time, the Company may may may not December 31, 2022 The Company has also entered into arrangements with various other third third no no

Note 13 - Shareholder Designate

Note 13 - Shareholder Designated Contribution Plan	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Shareholder Designated Contribution Plan [Text Block]	13. The Company has established a Shareholder Designated Charitable Contribution program. Under the program, from time to time each shareholder is eligible to designate a charity to which the Company would make a donation at a rate per share, approved by the Board of Directors, based upon the actual number of shares registered in the shareholder’s name. The Company recorded an expense of $3.1 million and $4.8 million related to this program for the years ended December 31, 2022 2021 December 31, 2022 2021

Note 14 - Subsequent Events

Note 14 - Subsequent Events	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	14. Subsequent Events From January 1, 2023 March 15, 2023, On January 3, 2023, second February 10, 2023,

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported on the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash equivalents primarily consist of an affiliated money market mutual fund which is highly liquid. U.S. Treasury Bills and Notes with maturities of three
Marketable Securities, Policy [Policy Text Block]	Investments in Securities Securities owned are recorded at fair value in the statements of financial condition with any unrealized gains or losses reported in current period earnings in net gain/(loss) from investments on the consolidated statements of income. Securities transactions and any related gains and losses are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the specific identified cost basis and are included in net gain/(loss) from investments on the consolidated statements of income. Management determines the appropriate classification of debt securities at the time of purchase. Government debt securities with maturities of greater than three Investments in securities are reflected in U.S. Treasury Bills, investments in equity securities, investments in affiliated registered investment companies and investments in marketable securities held in trust. Securities sold, but not may not
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The Company’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy in accordance with the guidance on fair value measurement. The levels of the fair value hierarchy and their applicability to the Company are described below: • Level 1 1 • Level 2 1 2 not • Level 3 In certain cases, the inputs used to measure fair value may The availability of observable inputs can vary from instrument to instrument and is affected by a wide variety of factors, including, for example, the type of instrument, whether the instrument is new and not 3. In the absence of a closing price, an average of the bid and ask price is used. Bid prices reflect the highest price that market participants are willing to pay for an asset. Ask prices represent the lowest price that market participants are willing to accept for an asset. Cash equivalents 1 Investments in securities not not 1 2 3 Investment in note receivable from affiliate not 2.
Investments in Debt Securities Held to Maturity Policy [Policy Text Block]	Investments in marketable securities held in trust account At December 31, 2021, 320
Receivables From Affiliates and Payables to Affiliates [Policy Text Block]	Receivables from Affiliates and Payables to Affiliates Receivables from affiliates consist primarily of sub-advisory fees due from Gabelli Funds, LLC, a subsidiary of GAMCO. Payables to affiliates primarily consist of expenses paid by affiliates on behalf of the Company pursuant to a transitional services agreement with GAMCO entered into in connection with the AC Spin-off.
Receivables From and Payables to Brokers [Policy Text Block]	Receivables from and Payables to Brokers Receivables from and payables to brokers consist of amounts related to purchases and sales of securities, restricted cash held on deposit and cash amounts held in anticipation of investment.
Consolidation, Policy [Policy Text Block]	Consolidation The Company assesses all entities with which it is involved for consolidation on a case by case basis depending on the specific facts and circumstances surrounding each entity. Pursuant to the accounting guidance, the Company first not not For any entity in which the Company has determined that it does hold a variable interest, the Company performs an assessment to determine whether it qualifies as a variable interest entity (“VIE”). A VIE is an entity in which either the equity investment at risk is not not Under the variable interest entity model, the Company consolidates those entities where it is determined that the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it has a controlling financial interest in the VIE, which is defined as possessing both (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. When the Company alone is not not The Company determines whether it is the primary beneficiary of a VIE at the time it becomes initially involved with the VIE and reconsiders that conclusion as required. Investments and redemptions (either by the Company, related parties or third may Entities that do not not The Company records noncontrolling interests in consolidated entities for which the Company’s ownership is less than 100%.
Investments in Partnerships and Affiliates [Policy Text Block]	Investments in Partnerships and Affiliates The Company is general partner or co-general partner of various affiliated entities. We also have investments in unaffiliated partnerships, offshore funds and other entities (collectively, “unaffiliated entities”). Given that we are not not The financial statement caption investments in partnerships, in the consolidated statements of financial condition, includes investments in both affiliated and unaffiliated entities. The Company accounts for its investments in partnerships and affiliates under the equity method. Substantially all of the Company’s equity method investees are entities that record their underlying investments at fair value and are included in investments in partnerships. Therefore, under the equity method of accounting, the Company’s share of the investee’s underlying net income predominantly represents fair value adjustments in the investments held by the equity method investees. The Company’s share of the investee’s underlying net income or loss is based upon the most currently available information and is recorded in net gain/(loss) from investments on the consolidated statements of income. Capital contributions are recorded as an increase in investments when payable, and withdrawals and distributions are recorded as reductions of the investments when receivable. Depending on the terms of the investment, the Company may
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments The Company recognizes all derivatives as either assets or liabilities measured at fair value and includes such derivatives in either investments in securities or securities sold, not not
Revenue [Policy Text Block]	Major Revenue-Generating Services and Revenue Recognition The Company’s revenues are derived primarily from investment advisory and incentive fees. Investment advisory and incentive fees are directly influenced by the level and mix of AUM as fees are derived from a contractually-determined percentage of the balance of each account as well as a percentage of the investment performance of certain accounts. Management fees from Investment Partnerships and offshore funds are computed either monthly or quarterly, and amounts receivable are included in investment advisory fees receivable on the consolidated statements of financial condition. These revenues vary depending upon the level of capital flows, financial market conditions, investment performance and the fee rates applicable to each account. Incentive allocations or fees are generally recognized at the end of an annual measurement period and amounts receivable are included in investment advisory fees receivable on the consolidated statements of financial condition. The Company’s major revenue sources are as follows: Investment advisory and incentive fees. a) Asset-based advisory fees – The Company receives a management fee, payable monthly in advance based on value of the net assets of the client. It is generally set at a rate of 1%-1.5% per annum. Asset-based management fee revenue is recognized only as the services are performed over the period. b) Performance-based advisory fees – Certain client contracts call for additional fees and or allocations of income tied to a certain percentage, generally 15%-20%, of the investment performance of the account over a measurement period, typically the calendar year. In addition, the contracts provide that performance-based fees or allocations become fixed in the event of an investor redemption prior to the end of the measurement period. In the event that an account suffers a loss in one not c) Sub-advisory fees – Pursuant to agreements with other investment advisors, the Company receives a percentage of advisory fees received by such advisors from certain of their investment fund clients. These fees may may not The Company reserves the right to waive or reduce asset-based and performance-based fees with respect to certain investors in the investment funds, which may third may may Our advisory fee revenues are influenced by both the amount of AUM and the investment performance of our products. An overall decline in the prices of securities may
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation Fixed assets are recorded at cost and depreciated using the straight-line method over their estimated useful lives of four thirty-nine Fixed assets as of December 31, 2022 2021 December 31, 2022 2021 Buildings $ 17,748 $ 17,745 Equipment 207 206 Total 17,955 17,951 Less: accumulated depreciation (1,102 ) (761 ) Net book value $ 16,853 $ 17,190
Allocated Expenses [Policy Text Block]	Allocated Expenses The Company is charged or incurs certain overhead expenses that are paid by, or paid on our behalf by, other affiliates and are included in other operating expenses on the consolidated statements of income. These overhead expenses primarily relate to centralized functions, including finance and accounting, legal, compliance, treasury, tax, internal audit, information technology, human resources and risk management. These overhead expenses are allocated to the Company by other affiliates (primarily GAMCO) or allocated by the Company to other affiliates as the expenses are incurred, based upon direct usage when identifiable, or by revenue, headcount, space or other allocation methodologies periodically reviewed by the management of the Company and the affiliates. The compensation expense and related payroll taxes and benefits of certain dual employees that provide services to both AC and affiliates are allocated based upon the relative time each employee devotes to each affiliate. These allocated compensation expenses are included in compensation on the consolidated statements of income. All of the allocations and estimates in the financial statements are based on assumptions that management of AC believes are reasonable. However, these allocations may not may
Management and Investment Advisory Fees, Policy [Policy Text Block]	Management Fee Management fee expense in the amount of 10% of the aggregate pre-tax profits, before consideration of this fee and before consideration of the income attributable to consolidated funds and partnerships, is paid to the Executive Chair or his designees in accordance with his employment agreement.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation From time to time, the Company’s Board of Directors approves grants of Phantom Restricted Stock awards (“Phantom RSAs”). The Phantom RSAs are settled by a cash payment, net of applicable withholding tax, on the vesting dates. In addition, an amount equivalent to the cumulative dividends declared on shares of the Company’s Class A common stock during the vesting period will be paid to participants on vesting. The Phantom RSAs are accounted for as a liability because cash settlement is required and compensation will be recognized over the vesting period. The Company amortizes each award based on the applicable vesting period. In determining the compensation expense to be recognized each period, the Company will remeasure the fair value of the liability at each reporting date taking into account the remaining vesting period attributable to each award and the current market value of the Company’s Class A stock. In making these determinations, the Company will consider the impact of Phantom RSAs that have been forfeited prior to vesting (e.g., due to an employee termination). The Company has elected to consider forfeitures as they occur.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill is initially measured as the excess of the cost of an acquired business over the sum of the fair value assigned to assets acquired less the liabilities assumed. Goodwill is tested for impairment at least annually on November 30th November 30, 2022 2021 not not 2022 2021.
Income Tax, Policy [Policy Text Block]	Income Taxes For purposes of the preparation of the consolidated financial statements, the provision for income taxes is computed using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense/benefit in the period that includes the enactment date of the change in tax rate. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not not For uncertain tax positions the Company first not not 50%
Noncontrolling Interests [Policy Text Block]	Redeemable Noncontrolling Interests and Noncontrolling Interests Noncontrolling interests in Investment Partnerships or other entities that are redeemable at the option of the holder are classified as redeemable noncontrolling interests in the mezzanine section of the consolidated statements of financial condition between liabilities and equity. Noncontrolling interests in other entities that are not
Shares Subject to Mandatory Redemption, Changes in Redemption Value, Policy [Policy Text Block]	Redeemable Noncontrolling Interests-PMV Prior to the deconsolidation of Consolidated PMV, the Company accounted for the common stock held by noncontrolling interest holders of PMV SPAC as subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 480" not December 31, 2021, August 2022, December 31, 2022. The discount amount related to the issuance of redeemable noncontrolling interest was amortized through an adjustment to additional paid-in capital and noncontrolling interest (proportionate to our ownership of the Sponsor) and was adjusted periodically for income/loss allocated to redeemable noncontrolling interest. For the years ended December 31, 2022 2021 third
Warrant Liability [Policy Text Block]	PMV Warrant Liability In connection with its initial public offering, PMV sold 17,500,000 units, at $10.00 per unit. Each unit consisted of one share of Class A common stock and one one The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 815, 815” 480, 480, 815, For warrants that do not The warrant liability related to the Public Warrant was charged against the redeemable noncontrolling interest of PMV.
Offering Costs [Policy Text Block]	Offering Costs Offering costs incurred by the initial public offering of PMV consist of legal, accounting, underwriting fees and other costs. Offering costs amounting to $9,957,390, including deferred underwriting fees of $6,125,000, net of a $175,000 credit paid by the underwriter, were allocated as follows, $502,848 in offering costs was charged to other operating expenses in the consolidated statements of income in 2021 2021,
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and receivables from brokers. The Company maintains cash and cash equivalents primarily in the Gabelli U.S. Treasury Money Market Fund, which invests fully in instruments issued by the U.S. government. Receivables from brokers and financial institutions can exceed the federally insured limit. The concentration of credit risk with respect to advisory fees and incentive fees, which are included in investment advisory fees receivable and receivables from affiliates on the consolidated statements of financial condition, is generally limited due to the short payment terms extended to clients by the Company. All investments in securities are held at third
Segment Reporting, Policy [Policy Text Block]	Business Segment The Company operates in one
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Developments In June 2016, 2016 13, Accounting for Financial Instruments - Credit Losses (Topic 326 2016 13” 2016 13, November 2019, 2019 10, three January 1, 2023 not In January 2017, 2017 04, Intangibles Goodwill and Other 2019 10, January 1, 2023. not In December 2019, 2019 12, 740 740. 740 January 1, 2021. not

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2022 2021 Buildings $ 17,748 $ 17,745 Equipment 207 206 Total 17,955 17,951 Less: accumulated depreciation (1,102 ) (761 ) Net book value $ 16,853 $ 17,190

Note 3 - Revenue (Tables)

Note 3 - Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, 2022 2021 Investment advisory and incentive fees Asset-based advisory fees $ 5,178 $ 5,021 Performance-based advisory fees 2,544 7,006 Sub-advisory fees 7,079 8,503 Sub-total 14,801 20,530 Other Miscellaneous 427 394 Total $ 15,228 $ 20,924

Note 4 - Investments in Secur_2

Note 4 - Investments in Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	December 31, 2022 December 31, 2021 Cost Fair Value Cost Fair Value Debt - Trading Securities: U.S. Treasury Bills $ 184,636 $ 186,001 $ 60,992 $ 60,996 Equity Securities: Common stocks 221,794 189,977 239,383 265,156 Mutual funds 539 906 524 1,351 Other investments 6,364 4,702 6,253 6,580 Total equity securities 228,697 195,585 246,160 273,087 Total investments in securities $ 413,333 $ 381,586 $ 307,152 $ 334,083 Investments in marketable securities held in trust (1) $ - $ - $ 175,109 $ 175,109
Investments in and Advances to Affiliates [Table Text Block]	December 31, 2022 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Estimated Fair Value Held to maturity: Investment in note receivable from affiliate $ - $ - $ - $ - December 31, 2021 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Estimated Fair Value Held to maturity: Investment in note receivable from affiliate (2) $ 5,066 $ - $ - $ 5,066 December 31, 2022 December 31, 2021 Cost Fair Value Cost Fair Value Equity securities: Closed-end funds $ 45,029 $ 56,772 $ 42,484 $ 64,381 Mutual funds 50,224 69,438 49,362 70,167 Total investments in affiliated registered investment companies $ 95,253 $ 126,210 $ 91,846 $ 134,548
Investments Sold, Not yet Purchased [Table Text Block]	December 31, 2022 December 31, 2021 Cost Fair Value Cost Fair Value Equity securities: Common stocks $ 2,918 $ 2,509 $ 9,021 $ 9,838 Other investments 499 365 2,767 3,067 Total securities sold, not yet purchased $ 3,417 $ 2,874 $ 11,788 $ 12,905

Note 5 - Investment Partnersh_2

Note 5 - Investment Partnerships and Other Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Condensed Balance Sheet [Table Text Block]	December 31, 2022 Prior to Consolidated Assets Consolidation Entities As Reported Cash and cash equivalents $ 209,941 $ 8,521 $ 218,462 Investments in U.S. Treasury Bills 183,528 2,473 186,001 Investments in securities 129,942 65,643 195,585 Investments in affiliated registered investment companies 178,689 (52,479 ) 126,210 Investments in partnerships 168,286 (17,788 ) 150,498 Receivable from brokers 4,002 8,070 12,072 Investment advisory fees receivable 3,814 (7 ) 3,807 Other assets (1) 35,045 10 35,055 Total assets $ 913,247 $ 14,443 $ 927,690 Liabilities and equity Securities sold, not yet purchased $ 2,678 $ 196 $ 2,874 Payable to brokers and other liabilities (1) 20,373 4,054 24,427 Redeemable noncontrolling interests - 10,193 10,193 Total equity 890,196 - 890,196 Total liabilities and equity $ 913,247 $ 14,443 $ 927,690 December 31, 2021 Prior to Consolidated Assets Consolidation Entities As Reported Cash and cash equivalents $ 315,009 $ 4,039 $ 319,048 Investments in U.S. Treasury Bills 60,996 - 60,996 Investments in securities 184,229 88,858 273,087 Investments in affiliated registered investment companies 186,474 (51,926 ) 134,548 Investments in partnerships 174,683 (20,223 ) 154,460 Receivable from brokers 21,993 20,485 42,478 Investment advisory fees receivable 8,320 (5 ) 8,315 Other assets (1) 39,400 (4,105 ) 35,295 Investments in marketable securities held in trust - 175,109 175,109 Total assets $ 991,104 $ 212,232 $ 1,203,336 Liabilities and equity Securities sold, not yet purchased 11,199 1,706 12,905 Accrued expenses and other liabilities (1) 33,825 18,804 52,629 Redeemable noncontrolling interests - 202,456 202,456 Total equity 946,080 (10,734 ) 935,346 Total liabilities and equity $ 991,104 $ 212,232 $ 1,203,336
Condensed Income Statement [Table Text Block]	Year Ended December 31, 2022 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 15,884 $ (656 ) $ 15,228 Total expenses 24,538 1,952 26,490 Operating loss (8,654 ) (2,608 ) (11,262 ) Total other income/(expense), net (55,196 ) 5,993 (49,203 ) Income before income taxes (63,850 ) 3,385 (60,465 ) Income tax expense (14,943 ) - (14,943 ) Income/(loss) before noncontrolling interests (48,907 ) 3,385 (45,522 ) Income attributable to noncontrolling interests, net of taxes - 3,385 3,385 Net income/(loss) $ (48,907 ) $ - $ (48,907 ) Year Ended December 31, 2021 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 23,852 $ (2,928 ) $ 20,924 Total expenses 39,245 755 40,000 Operating loss (15,393 ) (3,683 ) (19,076 ) Total other income/(expense), net 92,301 8,114 100,415 Income before income taxes 76,908 4,431 81,339 Income tax expense 17,705 - 17,705 Income/(loss) before noncontrolling interests 59,203 4,431 63,634 Income attributable to noncontrolling interests, net of taxes - 4,431 4,431 Net income/(loss) $ 59,203 $ - $ 59,203
Schedule of Variable Interest Entities [Table Text Block]	December 31, 2022 December 31, 2021 Cash and cash equivalents $ 500 $ 1,911 Investments in securities 8,396 11,227 Receivable from brokers 304 1,106 Investments in marketable securities held in trust - 175,109 Other assets - 103 Accrued expenses and other liabilities (1) (33 ) (7,074 ) PMV warrant liability - (5,280 ) Redeemable noncontrolling interests (428 ) (162,314 ) Nonredeemable noncontrolling interests - 1,757 AC Group's net interests in consolidated VIEs $ 8,739 $ 16,545

Note 6 - Fair Value (Tables)

Note 6 - Fair Value (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	December 31, 2022 Assets Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash equivalents $ 216,313 $ - $ - $ 216,313 Investments in securities (including GAMCO stock): Trading - U.S. Treasury Bills 186,001 - - 186,001 Common stocks 185,952 1,990 2,035 189,977 Mutual funds 906 - - 906 Other 4,132 317 253 4,702 Total investments in securities 376,991 2,307 2,288 381,586 Investments in affiliated registered investment companies: Closed-end funds 45,286 - 11,486 56,772 Mutual funds 69,438 - - 69,438 Total investments in affiliated registered investment companies 114,724 - 11,486 126,210 Total investments held at fair value 491,715 2,307 13,774 507,796 Total assets at fair value $ 708,028 $ 2,307 $ 13,774 $ 724,109 Liabilities Common stocks $ 2,509 $ - $ - $ 2,509 Other 132 233 - 365 Securities sold, not yet purchased 2,641 233 - 2,874 Total liabilities at fair value $ 2,641 $ 233 $ - $ 2,874 December 31, 2021 Assets Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash equivalents $ 314,172 $ - $ - $ 314,172 Investments in securities (including GAMCO stock): Trading - U.S. Treasury Bills 60,996 - - 60,996 Common stocks 260,763 2,320 2,073 265,156 Mutual funds 1,351 - - 1,351 Other 4,833 1,220 527 6,580 Total investments in securities 327,943 3,540 2,600 334,083 Investments in affiliated registered investment companies: Closed-end funds 56,381 - 8,000 64,381 Mutual funds 70,167 - - 70,167 Total investments in affiliated registered investment companies 126,548 - 8,000 134,548 Total investments held at fair value 454,491 3,540 10,600 468,631 Total assets at fair value $ 768,663 $ 3,540 $ 10,600 $ 782,803 Liabilities Common stocks $ 9,838 $ - $ - $ 9,838 Other 1,959 1,108 - 3,067 Securities sold, not yet purchased 11,797 1,108 - 12,905 PMV warrant liability 5,280 - - 5,280 Total liabilities at fair value $ 17,077 $ 1,108 $ - $ 18,185
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Year Ended December 31, 2022 Year Ended December 31, 2021 Assets: Total Total Beginning balance $ 10,600 $ 6,498 Total gains/(losses) 27 (546 ) Purchases 5,900 6,053 Sales/return of capital (2,753 ) (1,046 ) Transfers - (359 ) Ending balance $ 13,774 $ 10,600 Changes in net unrealized gain/(loss) included in Net gain/(loss) from investments related to level 3 assets still held as of the reporting date $ 27 $ (546 )
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Year Ended December 31, 2022 Year Ended December 31, 2021 Liabilities: Total Total Beginning balance $ - $ - Total (gains)/losses - (3,053 ) Issuances - 8,333 Transfers - (5,280 ) Ending balance $ - $ - Changes in net unrealized (gain)/loss included in Net gain/(loss) from investments related to level 3 liabilities still held as of the reporting date $ - $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	December 31, 2022 December 31, 2021 Assets Level within Fair Value Hierarchy Fair Value Amortized Cost Level within Fair Value Hierarchy Fair Value Amortized Cost Investment in note receivable from affiliate (1) - $ - $ - 2 $ 5,066 $ 5,066 Total assets $ - $ - $ 5,066 $ 5,066

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2022 2021 Federal: Current $ (348 ) $ 8,512 Deferred (13,237 ) 7,966 State and local: Current (463 ) 453 Deferred (925 ) 722 Foreign: Current 41 36 Deferred (11 ) 16 Total $ (14,943 ) $ 17,705
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2022 2021 Statutory Federal income tax rate 21.0 21.0 State income tax, net of Federal benefit 1.7 1.2 Dividends received deduction 0.6 (1.0 ) Deferred tax asset valuation allowance (1.0 ) (0.5 ) Foreign investments - (0.5 ) Foreign-derived intangible income 0.9 (0.7 ) Noncontrolling interests 0.6 (1.1 ) Nondeductible compensation (0.1 ) 2.0 Other 1.0 1.4 Effective income tax rate 24.7 % 21.8 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2022 2021 Deferred tax assets: Stock-based compensation expense $ 1,073 $ 683 Deferred compensation 542 277 Investments in securities and partnerships 4,660 - Shareholder-designated contribution carryover 1,902 2,990 Other 56 755 8,233 4,705 Deferred tax liabilities: Investments in securities and partnerships - (9,683 ) Other liabilities (221 ) (182 ) (221 ) (9,865 ) Gross deferred tax assets/(liabilities) 8,012 (5,160 ) Valuation allowance (336 ) (1,336 ) Net deferred tax assets/(liabilities) $ 7,676 $ (6,496 )

Note 8 - Earnings Per Share (Ta

Note 8 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended December 31, (In thousands, except per share amounts) 2022 2021 Income/(loss) before noncontrolling interests $ (45,522 ) $ 63,634 Less: Income attributable to noncontrolling interests 3,385 4,431 Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders $ (48,907 ) $ 59,203 Weighted average number of shares of Common Stock outstanding - basic 22,024 22,120 Weighted average number of shares of Common Stock outstanding - diluted 22,024 22,120 Basic and Diluted EPS $ (2.22 ) $ 2.68

Note 10 - Equity (Tables)

Note 10 - Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]	Year Ended December 31, 2022 2021 Stock-based compensation expense $ 1,811 $ 2,092 Remaining expense to be recognized, if all vesting conditions are met (1) 4,142 6,640 Weighted average remaining contractual term (in years) 1.8 2.2
Share-Based Payment Arrangement, Activity [Table Text Block]	PRSA's Weighted Average Grant Date Fair Value Balance at December 31, 2021 222,905 $ 36.03 Granted - - Forfeited (945 ) 37.40 Vested - - Balance at March 31, 2022 221,960 $ 36.02 Granted - - Forfeited (6,050 ) 35.63 Vested - - Balance at June 30, 2022 215,910 $ 36.04 Granted 4,500 41.70 Forfeited (8,500 ) 35.82 Vested - - Balance at September 30, 2022 211,910 $ 36.16 Granted - - Forfeited (1,000 ) 35.12 Vested - - Balance at December 31, 2022 210,910 $ 36.17
Class of Treasury Stock [Table Text Block]	Number of shares purchased Average price per share Remaining repurchase authorization January 1, 2021 893,102 Share repurchases under stock repurchase program (1) (215,958 ) $ 35.40 Remaining repurchase authorization December 31, 2021 677,144 Share repurchases under stock repurchase program (1) (67,792 ) $ 37.98 Remaining repurchase authorization December 31, 2022 609,352

Note 1 - Organization (Details

Note 1 - Organization (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	Nov. 30, 2015	Dec. 31, 2022	Dec. 31, 2021	Aug. 31, 2022
Ownership Percentage of Voting Rights		96%
Assets, Total		$ 927,690	$ 1,203,336
Liabilities, Total		27,301	65,534
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total		10,193	202,456
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance		0	(1,756)
Payments to Acquire Marketable Securities		$ 0	$ 175,109
GAMCO Class A Common Stock [Member]
Number of Shares Purchased in Spin-off (in shares)	4,393,055
Payments to Acquire Marketable Securities	$ 150,000
Number of Shares Held (in shares)		2,407,000
GAMCO Investors [Member]
Number of Shares of Common Stock Issued for Each Share of Common Stock of Parent Company in Spin-off (in shares)	1
Number of Shares of Parent Company Common Stock Exchanged for Each Share of Common Stock Issued in Connection with Spin-Off (in shares)	1
PMV and the Sponsor [Member]
Assets, Total		$ 163,800
Liabilities, Total		11,500
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total		161,800
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance		$ 1,800
PMV and the Sponsor [Member]
Ownership Percentage of Voting Rights				100%

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)		12 Months Ended
	Sep. 24, 2020 $ / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Management Fee, Expense Percentage		10%
Goodwill, Impairment Loss		$ 0	$ 0
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total		$ 10,193,000	$ 202,456,000
Number of Operating Segments		1
P M V Consumer Acquisition Corp [Member]
Common Stock Offering Costs		$ 9,957,390
Deferred Offering Costs		6,125,000
Amount Paid by Underwriter		175,000
Common Stock Offering Costs Allocated to Expense		502,848
Common Stock Offering Costs, Allocated to Redeemable Noncontrolling Interest		9,454,542
IPO [Member] | P M V Consumer Acquisition Corp [Member] | Public Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares	0.5
IPO [Member] | P M V Consumer Acquisition Corp [Member] | Common Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	17,500,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 10
Units, Number of Securities Called by Units (in shares) | shares	1
P M V Consumer Acquisition Corp [Member]
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total		$ 0
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		4 years
Minimum [Member] | Asset Management [Member]
Revenue From Contract With Customer, Excluding Assessed Tax, Asset Based Advisory Fees, Percentage of Net Assets		1%
Minimum [Member] | Performance Based Advisory Fees [Member]
Percentage of Investment Performance Calculated for Additional Fees		15%
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		39 years
Maximum [Member] | Asset Management [Member]
Revenue From Contract With Customer, Excluding Assessed Tax, Asset Based Advisory Fees, Percentage of Net Assets		1.50%
Maximum [Member] | Performance Based Advisory Fees [Member]
Percentage of Investment Performance Calculated for Additional Fees		20%

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Fixed Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Buildings	$ 17,955	$ 17,951
Less: accumulated depreciation	(1,102)	(761)
Net book value	16,853	17,190
Building [Member]
Buildings	17,748	17,745
Equipment [Member]
Buildings	$ 207	$ 206

Note 3 - Revenue - Disaggregati

Note 3 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total revenues	$ 15,228	$ 20,924
Asset Based Advisory Fees [Member]
Total revenues	5,178	5,021
Performance Based Advisory Fees [Member]
Total revenues	2,544	7,006
Sub Advisory Fees [Member]
Total revenues	7,079	8,503
Investment Advice [Member]
Total revenues	14,801	20,530
Other Miscellaneous Revenues [Member]
Total revenues	$ 427	$ 394

Note 4 - Investments in Secur_3

Note 4 - Investments in Securities (Details Textual) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Marketable Securities, Held in Trust, Fair Value	[1]	$ 0	$ 175,109
Puttable Subordinated Note [Member]
Debt Instrument, Term (Year)		2 years
Put Option [Member]
Proceeds from Collection of Advance to Affiliate		$ 5,100
Fair Value, Inputs, Level 1 [Member]
Marketable Securities, Held in Trust, Fair Value		$ 175,000
[1]At December 31, 2021, marketable securities held in the trust account through PMV were comprised of U.S Treasury Bills which mature in less than one year with an amortized cost and fair value of approximately $175 million. Such investments were categorized as Level 1.

Note 4 - Investments in Secur_4

Note 4 - Investments in Securities - Investments in Securities (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Investments in U.S. Treasury Bills with greater than 3 month maturities		$ 186,001	$ 60,996
Equity Securities		228,697	246,160
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		195,585	273,087
Total investments in securities		413,333	307,152
Total investments in securities, fair value		381,586	334,083
Investments in marketable securities held in trust(1)	[1]	0	175,109
Investments in marketable securities held in trust, fair value	[1]	0	175,109
US Treasury Bill Securities [Member]
U.S. Treasury Bills		184,636	60,992
Investments in U.S. Treasury Bills with greater than 3 month maturities		186,001	60,996
Common Stock [Member]
Equity Securities		221,794	239,383
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		189,977	265,156
Mutual Fund [Member]
Equity Securities		539	524
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		906	1,351
Other Investments [Member]
Equity Securities		6,364	6,253
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		$ 4,702	$ 6,580
[1]At December 31, 2021, marketable securities held in the trust account through PMV were comprised of U.S Treasury Bills which mature in less than one year with an amortized cost and fair value of approximately $175 million. Such investments were categorized as Level 1.

Note 4 - Investments in Secur_5

Note 4 - Investments in Securities - Investments in Affiliated Companies (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investments in affiliated registered investment companies	$ 126,210	$ 134,548
Investment in registered investment companies, cost	95,253	91,846
Closed End Funds [Member]
Investments in affiliated registered investment companies	56,772	64,381
Investment in registered investment companies, cost	45,029	42,484
Mutual Fund [Member]
Investments in affiliated registered investment companies	69,438	70,167
Investment in registered investment companies, cost	50,224	49,362
Notes Receivable [Member]
Investment in note receivable from affiliate, amortized cost	0	5,066	[1]
Investment in note receivable from affiliate, unrealized holding gains	0	0	[1]
Investment in note receivable from affiliate, unrealized holding losses	0	0	[1]
Investments in affiliated registered investment companies	$ 0	$ 5,066	[1]
[1]Investment in note receivable from affiliate relates to 2-Year Puttable and Callable Subordinated Notes due 2023 issued as part of a 2021 special dividend on GAMCO’s Class A Common Stock and Class B Common Stock. The Company had the intent to hold these investments until maturity, and as such they were recorded at amortized cost.

Note 4 - Investments in Secur_6

Note 4 - Investments in Securities - Securities Sold, Not Yet Purchased (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Total securities sold, not yet purchased, cost	$ 3,417	$ 11,788
Total securities sold, not yet purchased, fair value	2,874	12,905
Common Stock [Member]
Total securities sold, not yet purchased, cost	2,918	9,021
Total securities sold, not yet purchased, fair value	2,509	9,838
Other Investments [Member]
Total securities sold, not yet purchased, cost	499	2,767
Total securities sold, not yet purchased, fair value	$ 365	$ 3,067

Note 5 - Investment Partnersh_3

Note 5 - Investment Partnerships and Other Entities (Details Textual) - USD ($)			1 Months Ended	12 Months Ended
	Dec. 27, 2022	Sep. 24, 2020	Aug. 30, 2022	Dec. 31, 2022	Jul. 30, 2022	Dec. 31, 2021
Investments in Unaffiliated Entities				$ 35,800,000		$ 41,900,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total				114,700,000		112,600,000
Stock value				195,585,000		273,087,000
Direct Investment in Partnership and Variable Interest Entity				$ 4,000,000	$ 4,000,000
Partnership and VIE Investment, Percentage				62%
Partnership and VIE Investment Commitment Amount				$ 6,480,000
Assets, Total				927,690,000		1,203,336,000
Liabilities, Total				27,301,000		65,534,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total				10,193,000		202,456,000
Sponsor [Member]
Direct Investment in Partnership and Variable Interest Entity				1,000,000
Voting Interest Entities [Member]
Assets, Total				75,600,000		109,300,000
Liabilities, Total				4,400,000		8,400,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total				9,800,000		40,100,000
Net Assets, Ending Balance				61,400,000		$ 60,800,000
Accounts Payable, Redeemable Noncontrolling Interests				29,000,000
Warrants [Member] | P M V Consumer Acquisition Corp [Member]
Value of Warrants Owed by Sponsor				6,150,000
Warrants [Member] | Private Placement [Member] | P M V Consumer Acquisition Corp [Member]
Class Of Warrant Or Right, Issued (in shares)		6,150,000
Class of Warrant or Rights, Issued Price (in shares)		1
Proceeds from Issuance of Warrants		$ 6,150,000
Common Class A [Member] | P M V Consumer Acquisition Corp [Member]
Noncontrolling Interest in Variable Interest Entity				$ 10,000,000
Common Stock [Member] | IPO [Member] | P M V Consumer Acquisition Corp [Member]
Stock Issued During Period, Shares, New Issues (in shares)		17,500,000
Shares Issued, Price Per Share (in dollars per share)		$ 10
Proceeds from Issuance Initial Public Offering		$ 175,000,000
P M V Consumer Acquisition Corp [Member]
Stock value			$ 9,900,000
P M V Consumer Acquisition Corp [Member] | PMV Public Warrant [Member]
Investment Owned, Balance, Shares (in shares)			500,000	500,000
P M V Consumer Acquisition Corp [Member] | Common Class A [Member]
Investment Owned, Balance, Shares (in shares)			1,000,000
Investment Owned, Shares Redeemed (in shares)	1,000,000
Investment Owned, Shares Redeemed, Per Share (in dollars per share)	$ 10.10
Investment Income (Expense) [Member]
Deconsolidation, Gain (Loss), Amount			$ (3,600,000)
Minimum [Member]
Notice Period for Redeeming Investments in Unaffiliated Entities (Day)				30 days
Maximum [Member]
Notice Period for Redeeming Investments in Unaffiliated Entities (Day)				95 days

Note 5 - Investment Partnersh_4

Note 5 - Investment Partnerships and Other Entities - Net Impact of the Consolidated Investment Partnerships and Other Entities on the Statements of Financial Condition (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Cash and cash equivalents		$ 218,462				$ 319,048
Investments in U.S. Treasury Bills		186,001				60,996
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		195,585				273,087
Investments in affiliated registered investment companies		126,210				134,548
Investments in partnerships		150,498				154,460
Receivable from brokers		12,072				42,478
Investment advisory fees receivable		3,807				8,315
Other assets	[1]	35,055				35,295
Total assets		927,690				1,203,336
Securities sold, not yet purchased		2,874				12,905
Payable to brokers and other liabilities(1)		24,427
Redeemable noncontrolling interests		10,193				202,456
Total equity		890,196	$ 879,255	$ 885,857	$ 918,188	935,346	$ 931,188	$ 932,465	$ 915,746	$ 901,389
Total liabilities and equity		927,690				1,203,336
Investments in marketable securities held in trust	[2]	0				175,109
Accrued expenses and other liabilities	[1]					52,629
Consolidated Entity, Excluding Consolidated Entities [Member]
Cash and cash equivalents		209,941				315,009
Investments in U.S. Treasury Bills		183,528				60,996
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		129,942				184,229
Investments in affiliated registered investment companies		178,689				186,474
Investments in partnerships		168,286				174,683
Receivable from brokers		4,002				21,993
Investment advisory fees receivable		3,814				8,320
Other assets	[1]	35,045				39,400
Total assets		913,247				991,104
Securities sold, not yet purchased		2,678				11,199
Payable to brokers and other liabilities(1)	[1]	20,373
Redeemable noncontrolling interests		0				0
Total equity		890,196				946,080
Total liabilities and equity		913,247				991,104
Investments in marketable securities held in trust						0
Accrued expenses and other liabilities	[1]					33,825
Consolidated Entities [Member]
Cash and cash equivalents		8,521				4,039
Investments in U.S. Treasury Bills		2,473				0
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)		65,643				88,858
Investments in affiliated registered investment companies		(52,479)				(51,926)
Investments in partnerships		(17,788)				(20,223)
Receivable from brokers		8,070				20,485
Investment advisory fees receivable		(7)				(5)
Other assets	[1]	10				(4,105)
Total assets		14,443				212,232
Securities sold, not yet purchased		196				1,706
Payable to brokers and other liabilities(1)		4,054
Redeemable noncontrolling interests		10,193				202,456
Total equity		0				(10,734)
Total liabilities and equity		$ 14,443				212,232
Investments in marketable securities held in trust						175,109
Accrued expenses and other liabilities	[1]					$ 18,804
[1]Represents the summation of multiple captions from the condensed consolidated statements of financial condition.[2]At December 31, 2021, marketable securities held in the trust account through PMV were comprised of U.S Treasury Bills which mature in less than one year with an amortized cost and fair value of approximately $175 million. Such investments were categorized as Level 1.

Note 5 - Investment Partnersh_5

Note 5 - Investment Partnerships and Other Entities - Net Impact of Consolidated Entities on the Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Total revenues			$ 15,228	$ 20,924
Total expenses			26,490	40,000
Operating loss			(11,262)	(19,076)
Total other income/(expense), net			(49,203)	100,415
Income before income taxes			(60,465)	81,339
Income tax expense/(benefit)			(14,943)	17,705
Income/(loss) before noncontrolling interests	$ 13,664	$ 9,444	(45,522)	63,634
Less: Income attributable to noncontrolling interests			3,385	4,431
Net income/(loss)			(48,907)	59,203
Consolidated Entity, Excluding Consolidated Entities [Member]
Total revenues			15,884	23,852
Total expenses			24,538	39,245
Operating loss			(8,654)	(15,393)
Total other income/(expense), net			(55,196)	92,301
Income before income taxes			(63,850)	76,908
Income tax expense/(benefit)			(14,943)	17,705
Income/(loss) before noncontrolling interests			(48,907)	59,203
Less: Income attributable to noncontrolling interests			0	0
Net income/(loss)			(48,907)	59,203
Consolidated Entities [Member]
Total revenues			(656)	(2,928)
Total expenses			1,952	755
Operating loss			(2,608)	(3,683)
Total other income/(expense), net			5,993	8,114
Income before income taxes			3,385	4,431
Income tax expense/(benefit)			0	0
Income/(loss) before noncontrolling interests			3,385	4,431
Less: Income attributable to noncontrolling interests			3,385	4,431
Net income/(loss)			$ 0	$ 0

Note 5 - Investment Partnersh_6

Note 5 - Investment Partnerships and Other Entities - Balances Related to VIEs (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents		$ 218,462	$ 319,048
Receivable from brokers		12,072	42,478
Marketable Securities, Held in Trust, Fair Value	[1]	0	175,109
Other assets		18,699	21,682
PMV warrant liability		0	(5,280)
Redeemable noncontrolling interests		(10,193)	(202,456)
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents		500	1,911
Investments in securities		8,396	11,227
Receivable from brokers		304	1,106
Marketable Securities, Held in Trust, Fair Value		0	175,109
Other assets		0	103
Accrued expenses and other liabilities(1)	[2]	(33)	(7,074)
PMV warrant liability		0	(5,280)
Redeemable noncontrolling interests		(428)	(162,314)
Nonredeemable noncontrolling interests		0	1,757
AC Group's net interests in consolidated VIEs		$ 8,739	$ 16,545
[1]At December 31, 2021, marketable securities held in the trust account through PMV were comprised of U.S Treasury Bills which mature in less than one year with an amortized cost and fair value of approximately $175 million. Such investments were categorized as Level 1.[2]Represents the summation of multiple captions from the condensed consolidated statements of financial condition.

Note 6 - Fair Value - Assets an

Note 6 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investments in U.S. Treasury Bills with greater than 3 month maturities	$ 186,001	$ 60,996
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	195,585	273,087
Total investments in securities	381,586	334,083
Securities sold, not yet purchased	2,874	12,905
PMV warrant liability	0	5,280
US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	186,001	60,996
Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	189,977	265,156
Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	906	1,351
Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	4,702	6,580
Fair Value, Recurring [Member]
Cash equivalents	216,313	314,172
Total investments in securities	381,586	334,083
Investments in affiliated registered investment companies	126,210	134,548
Investment, fair value	507,796	468,631
Total assets at fair value	724,109	782,803
Securities sold, not yet purchased	2,874	12,905
Total liabilities at fair value	2,874	18,185
PMV warrant liability		5,280
Fair Value, Recurring [Member] | US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	186,001	60,996
Fair Value, Recurring [Member] | Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	189,977	265,156
Securities sold, not yet purchased	2,509	9,838
Fair Value, Recurring [Member] | Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	906	1,351
Investments in affiliated registered investment companies	69,438	70,167
Fair Value, Recurring [Member] | Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	4,702	6,580
Securities sold, not yet purchased	365	3,067
Fair Value, Recurring [Member] | Closed End Funds [Member]
Investments in affiliated registered investment companies	56,772	64,381
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Cash equivalents	216,313	314,172
Total investments in securities	376,991	327,943
Investments in affiliated registered investment companies	114,724	126,548
Investment, fair value	491,715	454,491
Total assets at fair value	708,028	768,663
Securities sold, not yet purchased	2,641	11,797
Total liabilities at fair value	2,641	17,077
PMV warrant liability		5,280
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	186,001	60,996
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	185,952	260,763
Securities sold, not yet purchased	2,509	9,838
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	906	1,351
Investments in affiliated registered investment companies	69,438	70,167
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	4,132	4,833
Securities sold, not yet purchased	132	1,959
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Closed End Funds [Member]
Investments in affiliated registered investment companies	45,286	56,381
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Cash equivalents	0	0
Total investments in securities	2,307	3,540
Investments in affiliated registered investment companies	0	0
Investment, fair value	2,307	3,540
Total assets at fair value	2,307	3,540
Securities sold, not yet purchased	233	1,108
Total liabilities at fair value	233	1,108
PMV warrant liability		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	1,990	2,320
Securities sold, not yet purchased	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	0	0
Investments in affiliated registered investment companies	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	317	1,220
Securities sold, not yet purchased	233	1,108
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Closed End Funds [Member]
Investments in affiliated registered investment companies	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Cash equivalents	0	0
Total investments in securities	2,288	2,600
Investments in affiliated registered investment companies	11,486	8,000
Investment, fair value	13,774	10,600
Total assets at fair value	13,774	10,600
Securities sold, not yet purchased	0	0
Total liabilities at fair value	0	0
PMV warrant liability		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	2,035	2,073
Securities sold, not yet purchased	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	0	0
Investments in affiliated registered investment companies	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a value of $36.7 million and $60.4 million, respectively)	253	527
Securities sold, not yet purchased	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Closed End Funds [Member]
Investments in affiliated registered investment companies	$ 11,486	$ 8,000

Note 6 - Fair Value - Additiona

Note 6 - Fair Value - Additional Information About Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Beginning balance	$ 10,600	$ 6,498
Total gains/(losses)	27	(546)
Purchases	5,900	6,053
Sales/return of capital	(2,753)	(1,046)
Transfers	0	(359)
Ending balance	13,774	10,600
Changes in net unrealized gain/(loss) included in Net gain/(loss) from investments related to level 3 assets still held as of the reporting date	$ 27	$ (546)

Note 6 - Fair Value, Changes in

Note 6 - Fair Value, Changes in Level 3 Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Beginning balance	$ 0	$ 0
Total (gains)/losses	0	(3,053)
Issuances	0	8,333
Transfers	0	(5,280)
Ending balance	0	0
Changes in net unrealized (gain)/loss included in Net gain/(loss) from investments related to level 3 liabilities still held as of the reporting date	$ 0	$ 0

Note 6 - Fair Value - Financial

Note 6 - Fair Value - Financial Assets That Are Not Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Investment in note receivable from affiliate(1), fair value	[1]	$ 0	$ 5,066
Investment in note receivable from affiliate(1), amortized cost	[1]	0	5,066
Total assets		927,690	1,203,336
Fair Value, Nonrecurring [Member]
Total assets, fair value		0	5,066
Total assets		$ 0	$ 5,066
[1]Included in Receivable and investment in note receivable from affiliates in the condensed consolidated statements of financial condition.

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets, Valuation Allowance	$ 336	$ 1,336
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0

Note 7 - Income Taxes - Provisi

Note 7 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Federal:
Current, federal	$ (348)	$ 8,512
Deferred, federal	(13,237)	7,966
State and local:
Current, state	(463)	453
Deferred, state	(925)	722
Foreign:
Current, foreign	41	36
Deferred, foreign	(11)	16
Total	$ (14,943)	$ 17,705

Note 7 - Income Taxes - Reconci

Note 7 - Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statutory Federal income tax rate	21%	21%
State income tax, net of Federal benefit	1.70%	1.20%
Dividends received deduction	0.60%	(1.00%)
Deferred tax asset valuation allowance	(1.00%)	(0.50%)
Foreign investments	0%	(0.50%)
Foreign-derived intangible income	0.90%	(0.70%)
Noncontrolling interests	0.60%	(1.10%)
Nondeductible compensation	(0.10%)	2%
Other	1%	1.40%
Effective income tax rate	24.70%	21.80%

Note 7 - Income Taxes - Signifi

Note 7 - Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Stock-based compensation expense	$ 1,073	$ 683
Deferred compensation	542	277
Investments in securities and partnerships	4,660	0
Shareholder-designated contribution carryover	1,902	2,990
Other	56	755
Deferred Tax Assets, Gross, Total	8,233	4,705
Deferred tax liabilities:
Investments in securities and partnerships	0	(9,683)
Other liabilities	(221)	(182)
Deferred Tax Liabilities, Gross, Total	(221)	(9,865)
Gross deferred tax assets/(liabilities)	8,012	(5,160)
Valuation allowance	(336)	(1,336)
Net deferred tax assets	$ 7,676
Net deferred tax liabilities		$ (6,496)

Note 8 - Earnings Per Share - C

Note 8 - Earnings Per Share - Computations of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income/(loss) before noncontrolling interests	$ 13,664	$ 9,444	$ (45,522)	$ 63,634
Less: Income attributable to noncontrolling interests			3,385	4,431
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders			$ (48,907)	$ 59,203
Weighted average number of shares of Common Stock outstanding - basic (in shares)			22,024	22,120
Weighted average number of shares of Common Stock outstanding - diluted (in shares)			22,024	22,120
Basic and Diluted EPS (in dollars per share)			$ (2.22)	$ 2.68

Note 9 - Related Party Transa_2

Note 9 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Ownership Percentage of Voting Rights	96%
Investment Income, Interest and Dividend, Total	$ 10,653,000	$ 12,109,000
Gain (Loss) on Investments, Total	(56,513,000)	93,405,000
Revenue from Contract with Customer, Excluding Assessed Tax	15,228,000	20,924,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total	$ 114,700,000	112,600,000
Management Fee, Expense Percentage	10%
Management Fee Expense	$ 0	8,426,000
Notice Period for Termination of Agreement (Day)	30 days
Labor and Related Expense	$ 18,883,000	24,457,000
Other Operating Income (Expense), Net	(7,607,000)	(7,117,000)
St James Place London U K [Member]
Operating Lease, Lease Income, Total	$ 309,800	275,400
Puttable Subordinated Note [Member]
Debt Instrument, Term (Year)	2 years
Gabelli Company Investment Advisers Inc [Member]
Business Combination, Percentage of Revenue Transferred	90%
Gabelli Company Investment Advisers Inc [Member] | Sub Advisory Fees [Member]
Related Party Transaction, Amounts of Transaction	$ 7,100,000	8,900,000
Board of Directors Chairman [Member]
Management Fee, Expense Percentage	10%
Management Fee Expense	$ 0	8,400,000
GAMCO Investors, Inc [Member]
Percentage, of Increase (Decrease) in Stock Price	39%
Share Price (in dollars per share)	$ 15.24
Gain (Loss) on Investments, Total	$ (23,500,000)	20,400,000
Operating Lease, Expense	72,100	73,700
Labor and Related Expense	2,700,000	5,500,000
Other Operating Income (Expense), Net	(1,400,000)	(1,800,000)
GAMCO Investors, Inc [Member] | Mason Street Greenwich C T [Member]
Operating Lease, Lease Income, Total	116,400	118,100
Gabelli Company Investment Advisers Inc [Member] | Money Market Funds [Member]
Investments, Total	209,300,000	6,000,000
Investment Income, Interest	400,000
Gabelli Company Investment Advisers Inc [Member] | Mutual Fund [Member]
Investments, Total	126,200,000	134,500,000
Investment Income, Interest and Dividend, Total	10,200,000	24,200,000
Common Stock [Member] | GAMCO Investors, Inc [Member]
Investments, Total	36,700,000	60,400,000
Investment Income, Interest and Dividend, Total	500,000	5,400,000
Investment Advice [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 7,700,000	$ 12,000,000
Common Class B [Member] | Ggcp Inc [Member]
Equity Method Investment, Ownership Percentage	84%
Common Class A [Member] | Common Stock [Member] | GAMCO Investors, Inc [Member]
Investment Owned, Balance, Shares (in shares)	2.4

Note 10 - Equity (Details Textu

Note 10 - Equity (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Sep. 30, 2022 shares	Mar. 31, 2022 shares	Dec. 31, 2020 shares	May 08, 2018 shares	Aug. 03, 2017 shares	Feb. 07, 2017 shares	Dec. 31, 2015 shares
Number of Stock Award and Incentive Plans					1
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	0				0
Employee-related Liabilities, Total | $	$ 13,936		$ 19,730		$ 13,936	$ 19,730
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)										500,000	1,000,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)	609,352		677,144		609,352	677,144			893,102			500,000
Stock Repurchased During Period, Value | $					$ 2,600	$ 7,600
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares	$ 0.10	$ 0.10	$ 0.10	$ 0.10
Dividends, Total | $	$ 2,199	$ 2,203	$ 2,206	$ 2,211	$ 4,400	$ 4,400
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)					700,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	1,300,000				1,300,000
Phantom Restricted Stock Award [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	210,910	215,910	222,905		210,910	222,905	211,910	221,960
Employee-related Liabilities, Total | $	$ 4,800		$ 3,000		$ 4,800	$ 3,000
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)					10 years
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)													500,000
Common Class A [Member]
Number of Votes Per Share					1
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares					$ 0.20	$ 0.20
Common Class A [Member] | Maximum [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	2,000,000				2,000,000
Common Class B [Member]
Number of Votes Per Share					10
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares					$ 0.20	$ 0.20

Note 10 - Equity - Summary of S

Note 10 - Equity - Summary of Stock-based Compensation and Unrecognized Compensation (Details) - Phantom Restricted Stock Award [Member] - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Stock-based compensation expense		$ 1,811	$ 2,092
Remaining expense to be recognized, if all vesting conditions are met(1)	[1]	$ 4,142	$ 6,640
Weighted average remaining contractual term (in years) (Year)		1 year 9 months 18 days	2 years 2 months 12 days
[1]Does not include an estimate for projected future dividends.

Note 10 - Equity - Phantom RSA

Note 10 - Equity - Phantom RSA Activity (Details) - $ / shares	3 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Balance, shares (in shares)	0
Balance, shares (in shares)	0
Phantom Restricted Stock Award [Member]
Balance, shares (in shares)	211,910	215,910	221,960	222,905
Balance, weighted average grant date fair value (in dollars per share)	$ 36.16	$ 36.04	$ 36.02	$ 36.03
Granted, shares (in shares)	0	4,500	0	0
Granted, weighted average grant date fair value (in dollars per share)	$ 0	$ 41.70	$ 0	$ 0
Forfeited, shares (in shares)	(1,000)	(8,500)	(6,050)	(945)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 35.12	$ 35.82	$ 35.63	$ 37.40
Vested, shares (in shares)	0	0	0	0
Vested, weighted average grant date fair value (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Balance, shares (in shares)	210,910	211,910	215,910	221,960
Balance, shares (in shares)	210,910	211,910	215,910	221,960
Balance, weighted average grant date fair value (in dollars per share)	$ 36.17	$ 36.16	$ 36.04	$ 36.02

Note 10 - Equity - Stock Repurc

Note 10 - Equity - Stock Repurchase Activity (Details) - $ / shares		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Remaining repurchase authorization (in shares)		677,144	893,102
Share repurchases under stock repurchase program (1) (in shares)	[1]	(67,792)	(215,958)
Share repurchases under stock repurchase program (1) (in dollars per share)	[1]	$ 37.98	$ 35.40
Remaining repurchase authorization (in shares)		609,352	677,144
[1]Repurchases totaled $2.6 million and $7.6 million in 2022 and 2021, respectively,

Note 11 - Retirement Plan (Deta

Note 11 - Retirement Plan (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 8	$ 7

Note 13 - Shareholder Designa_2

Note 13 - Shareholder Designated Contribution Plan (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shareholder-designated contribution	$ 3,127	$ 4,789
Liability for Shareholder Designated Contribution Program	$ 1,000	$ 1,500

Note 14 - Subsequent Events (De

Note 14 - Subsequent Events (Details Textual) - USD ($) $ / shares in Units, $ in Millions			2 Months Ended	12 Months Ended
		Feb. 10, 2023	Mar. 15, 2023	Dec. 31, 2022	Dec. 31, 2021
Treasury Stock, Shares, Acquired (in shares)	[1]			67,792	215,958
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)	[1]			$ 37.98	$ 35.40
Subsequent Event [Member]
Treasury Stock, Shares, Acquired (in shares)			41,442
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)			$ 37.24
Subsequent Event [Member] | Consolidated VOE [Member]
Proceeds from Issuance or Sale of Equity, Total		$ 3.2
[1]Repurchases totaled $2.6 million and $7.6 million in 2022 and 2021, respectively,