Associated Capital (AC) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 01, 2023
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	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		18,950,571
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,640,672

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 381,253	$ 218,462
Investments in U.S. Treasury Bills with greater than 3 month maturities	2,961	186,001
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	213,345	195,585
Investments in partnerships	142,874	150,498
Receivable from brokers	16,295	12,072
Receivable from brokers (cash held for real estate purchase)	13,059	0
Investment advisory fees receivable	1,271	3,807
Income taxes receivable, including deferred tax assets, net	7,879	10,320
Goodwill	3,519	3,519
Other assets	18,364	18,699
Total assets	926,457	927,690
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Payable to brokers	5,618	7,784
Compensation payable	10,915	13,936
Securities sold, not yet purchased	5,090	2,874
Accrued expenses and other liabilities	1,965	2,707
Total liabilities	23,588	27,301
Redeemable noncontrolling interests	7,133	10,193
Commitments and contingencies (Note 10)
Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	999,047	999,047
Retained earnings	34,047	15,126
Treasury stock, at cost (3,969,223 and 3,601,877 shares, respectively)	(137,383)	(124,002)
Total Associated Capital Group, Inc. equity	895,736	890,196
Total liabilities and equity	926,457	927,690
Common Class A [Member]
Equity:
Class A Common Stock, $0.001 par value; 100,000,000 shares authorized; 6,629,254 shares issued; 2,672,378 and 3,027,541 shares outstanding, respectively	6	6
Common Class B [Member]
Equity:
Class A Common Stock, $0.001 par value; 100,000,000 shares authorized; 6,629,254 shares issued; 2,672,378 and 3,027,541 shares outstanding, respectively	19	19
Affiliated Entity [Member]
ASSETS
Receivable from affiliates	345	2,517
Investment, Affiliated Issuer [Member]
ASSETS
Investments in affiliated registered investment companies	$ 125,292	$ 126,210

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Stock value	$ 213,345	$ 195,585
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)	21,623
Treasury stock shares (in shares)	3,969,223	3,601,877
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)	2,672,378	3,027,541
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)	18,950,571	18,962,754
GAMCO Investors, Inc [Member]
Stock value	$ 48,000	$ 36,700

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Total revenues	$ 2,200	$ 2,562	$ 7,047	$ 7,690
Expenses
Compensation	4,078	3,591	11,437	10,531
Management fee	(12)	0	(3,075)	0
Management fee	12	0	3,075	0
Other operating expenses	1,655	2,100	4,660	5,805
Total expenses	5,721	5,691	19,172	16,336
Operating loss	(3,521)	(3,129)	(12,125)	(8,646)
Other income/(expense)
Net gain/(loss) from investments	(2,173)	(19,314)	21,635	(72,727)
Interest and dividend income	6,336	2,797	17,497	5,533
Interest expense	(134)	(66)	(388)	(145)
Shareholder-designated contribution	(235)	(1,206)	(1,604)	(1,414)
Total other income/(expense), net	3,794	(17,789)	37,140	(68,753)
Income/(loss) before income taxes	273	(20,918)	25,015	(77,399)
Income tax expense/(benefit)	166	(4,914)	3,586	(17,798)
Income/(loss) before noncontrolling interests	107	(16,004)	21,429	(59,601)
Income attributable to noncontrolling interests	123	494	320	2,970
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders	$ (16)	$ (16,498)	$ 21,109	$ (62,571)
Net income/(loss) per share attributable to Associated Capital Group, Inc.'s shareholders:
Basic and Diluted EPS (in dollars per share)	$ 0	$ (0.75)	$ 0.97	$ (2.84)
Diluted (in dollars per share)	$ 0	$ (0.75)	$ 0.97	$ (2.84)
Weighted average shares outstanding (in thousands):
Basic (in shares)	21,672	22,010	21,836	22,033
Diluted (in shares)	21,672	22,010	21,836	22,033
Actual shares outstanding (in thousands) (in shares)	21,623	22,004	21,623	22,004
Investment Advice [Member]
Revenues
Total revenues	$ 2,098	$ 2,472	$ 6,789	$ 7,409
Financial Service, Other [Member]
Revenues
Total revenues	$ 102	$ 90	$ 258	$ 281

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net income/(loss) before noncontrolling interests	$ 107	$ (16,004)	$ 21,429	$ (59,601)
Less: Comprehensive income attributable to noncontrolling interests	123	494	320	2,970
Comprehensive income/(loss) attributable to Associated Capital Group, Inc.	$ (16)	$ (16,498)	$ 21,109	$ (62,571)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Redeemable Noncontrolling Interests [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2021	$ 25	$ 68,435	$ 990,069	$ (121,427)	$ 202,456	$ 937,102	$ (1,756)	$ 935,346
Redemptions of noncontrolling interests	0	0	0	0	(486)	0	0	0
Net income	0	(16,186)	0	0	2,484	(16,186)	197	(15,989)
Purchases of treasury stock	0	0	0	(293)	0	(293)	0	(293)
Balance at Mar. 31, 2022	25	52,249	989,485	(121,720)	205,320	920,039	(1,851)	918,188
Accretion of redeemable noncontrolling interest	0	0	(584)	0	876	(584)	(292)	(876)
Other changes to redeemable noncontrolling interests	0	0	0	0	(10)	0	0	0
Other changes to redeemable noncontrolling interests	0	0	0	0	10	0	0	0
Accretion of redeemable noncontrolling interest	0	0	584	0	(876)	584	292	876
Balance at Dec. 31, 2021	25	68,435	990,069	(121,427)	202,456	937,102	(1,756)	935,346
Purchases of treasury stock								(2,100)
Balance at Sep. 30, 2022	25	3,661	999,047	(123,478)	9,778	879,255	0	879,255
Balance at Mar. 31, 2022	25	52,249	989,485	(121,720)	205,320	920,039	(1,851)	918,188
Redemptions of noncontrolling interests	0	0	0	0	(486)	0	0	0
Net income	0	(29,887)	0	0	(288)	(29,887)	83	(29,804)
Purchases of treasury stock	0	0	0	(1,317)	0	(1,317)	0	(1,317)
Dividends	0	(2,203)	0	0	0	(2,203)	0	(2,203)
Balance at Jun. 30, 2022	25	20,159	990,147	(123,037)	203,327	887,294	(1,437)	885,857
Accretion of redeemable noncontrolling interest	0	0	(662)	0	(993)	(662)	(331)	(993)
Other changes to redeemable noncontrolling interests	0	0	0	0	226	0	0	0
Other changes to redeemable noncontrolling interests	0	0	0	0	(226)	0	0	0
Accretion of redeemable noncontrolling interest	0	0	662	0	993	662	331	993
Redemptions of noncontrolling interests	0	0	0	0	(29,001)	0	0	0
Net income	0	(16,498)	0	0	494	(16,498)	0	(16,498)
Purchases of treasury stock	0	0	0	(441)	0	(441)	0	(441)
Balance at Sep. 30, 2022	25	3,661	999,047	(123,478)	9,778	879,255	0	879,255
Accretion of redeemable noncontrolling interest	0	0	(8,900)	0	13,205	(8,900)	(4,305)	(13,205)
Other changes to redeemable noncontrolling interests	0	0	0	0	(263)	0	0	0
Other changes to redeemable noncontrolling interests	0	0	0	0	263	0	0	0
Accretion of redeemable noncontrolling interest	0	0	8,900	0	(13,205)	8,900	4,305	13,205
Effect of deconsolidation	0	0	0	0	(152,100)	$ 0	$ (2,868)	(2,868)
Balance at Dec. 31, 2022	25	15,126	999,047	(124,002)	10,193			890,196
Redemptions of noncontrolling interests	0	0	0	0	(3,228)			0
Net income	0	17,754	0	0	268			17,754
Purchases of treasury stock	0	0	0	(1,949)	0			(1,949)
Balance at Mar. 31, 2023	25	32,880	999,047	(125,951)	7,233			906,001
Balance at Dec. 31, 2022	25	15,126	999,047	(124,002)	10,193			890,196
Purchases of treasury stock								(13,400)
Balance at Sep. 30, 2023	25	34,047	999,047	(137,383)	7,133			895,736
Balance at Mar. 31, 2023	25	32,880	999,047	(125,951)	7,233			906,001
Redemptions of noncontrolling interests	0	0	0	0	(76)			0
Net income	0	3,371	0	0	(71)			3,371
Purchases of treasury stock	0	0	0	(7,617)	0			(7,617)
Dividends	0	(2,188)	0	0	0			(2,188)
Balance at Jun. 30, 2023	25	34,063	999,047	(133,568)	7,086			899,567
Redemptions of noncontrolling interests	0	0	0	0	(76)			0
Net income	0	(16)	0	0	123			(16)
Purchases of treasury stock	0	0	0	(3,815)	0			(3,815)
Balance at Sep. 30, 2023	$ 25	$ 34,047	$ 999,047	$ (137,383)	$ 7,133			$ 895,736

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022
Dividends declared, per share (in dollars per share)	$ 0	$ 0.1	$ 0	$ 0.1

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Income/(loss) before noncontrolling interests	$ 21,429	$ (59,601)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
Equity in net losses from partnerships	848	7,710
Depreciation and amortization	270	251
Deferred income taxes	(246)	(17,959)
Donated securities	1,107	517
Unrealized (gains)/losses on securities	(15,703)	73,569
Loss on deconsolidation of subsidiary	0	3,634
Realized gains on sales of securities	(4,108)	(11,684)
(Increase)/decrease in assets:
Investments in trading securities	184,788	(89,282)
Investments in partnerships:
Contributions to partnerships	(2,390)	(6,410)
Distributions from partnerships	9,166	5,143
Receivable from affiliates	2,172	4,893
Receivable from brokers	(1,877)	19,428
Investment advisory fees receivable	2,536	6,976
Income taxes receivable	2,644	(1,746)
Other assets	65	2,770
Increase/(decrease) in liabilities:
Payable to brokers	(2,166)	47,017
Income taxes payable	43	(2,040)
Compensation payable	(3,021)	(12,068)
Accrued expenses and other liabilities	(742)	(1,676)
Total adjustments	173,386	29,043
Net cash provided by/(used in) operating activities	194,815	(30,558)
Investing activities
Purchases of securities	(1,162)	(5,882)
Proceeds from sales of securities	2,245	620
Return of capital on securities	1,247	1,918
Deconsolidation of subsidiary cash	0	(1,471)
Proceeds from maturities of debt securities held to maturity	0	5,066
Net provided by investing activities	2,330	251
Financing activities
Dividends paid	(2,188)	(2,203)
Purchases of treasury stock	(13,381)	(2,051)
Redemptions of redeemable noncontrolling interests	(3,380)	(1,196)
Net cash used in financing activities	(18,949)	(5,450)
Net increase in cash, cash equivalents and restricted cash	178,196	(35,757)
Cash, cash equivalents and restricted cash at beginning of period	221,269	328,594
Cash, cash equivalents and restricted cash at end of period	399,465	292,837
Supplemental disclosures of cash flow information:
Cash paid for interest	134	145
Cash paid for taxes	849	3,947
Reconciliation of Cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	381,253	288,178
Restricted cash included in receivable from brokers	5,153	4,659
Cash, cash equivalents and restricted cash	399,465	292,837
Cash Held for Real Estate Purchase [Member]
Reconciliation of Cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	$ 13,059	$ 0

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2023
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.”, "Associated Capital", “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. Gabelli & Company Investment Advisors, Inc. (“GCIA”), a wholly-owned subsidiary of AC, 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 the 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"), 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% August 2022, no no August 2022. 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 held 2,397,974 shares as of September 30, 2023 December 31, 2022 Basis of Presentation The unaudited interim condensed consolidated financial statements of AC Group included herein have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10 10 01 X. not not The interim condensed consolidated financial statements include the accounts of AC Group and its subsidiaries. All intercompany transactions and balances have been eliminated. The details on the impact of consolidating certain partnership entities on the condensed consolidated financial statements can be seen in Note 4. These interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10 December 31, 2022. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported on the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Recent Accounting Developments In June 2016, 2016 13, 326 2016 13” 2016 13, November 2019, 2019 10, three January 1, 2023. January 1, 2023 not In January 2017, 2017 04, 2019 10, January 1, 2023. January 1, 2023 not

Note 2 - Revenue

Note 2 - Revenue	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. Refer to the Company’s audited consolidated financial statements included in our Annual Report on Form 10 December 31, 2022 The Company’s major revenue sources are as follows for the three nine September 30, 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Investment advisory and incentive fees Asset-based advisory fees $ 1,265 $ 1,269 $ 3,871 $ 3,882 Performance-based advisory fees 1 2 2 46 Sub-advisory fees 832 1,201 2,916 3,481 Sub-total 2,098 2,472 6,789 7,409 Other Miscellaneous 102 90 258 281 Total $ 2,200 $ 2,562 $ 7,047 $ 7,690

Note 3 - Investments in Securit

Note 3 - Investments in Securities	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Investments in securities at September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Cost Fair Value Cost Fair Value Debt - Trading Securities: U.S. Treasury Bills $ 2,961 $ 2,961 $ 184,636 $ 186,001 Equity Securities: Common stocks 223,961 208,154 221,794 189,977 Mutual funds 566 1,055 539 906 Other investments 5,275 4,136 6,364 4,702 Total investments in equity securities 229,802 213,345 228,697 195,585 Total investments in securities $ 232,763 $ 216,306 $ 413,333 $ 381,586 Securities sold, not September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Cost Fair Value Cost Fair Value Equity securities: Common stocks $ 4,598 $ 4,796 $ 2,918 $ 2,509 Other investments 125 294 499 365 Total securities sold, not yet purchased $ 4,723 $ 5,090 $ 3,417 $ 2,874 Investments in affiliated registered investment companies at September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Cost Fair Value Cost Fair Value Equity securities: Closed-end funds $ 42,960 $ 54,558 $ 45,029 $ 56,772 Mutual funds 50,052 70,734 50,224 69,438 Total investments in affiliated registered investment companies $ 93,012 $ 125,292 $ 95,253 $ 126,210

Note 4 - Investment Partnership

Note 4 - Investment Partnerships and Other Entities	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Investment Holdings [Text Block]	4. 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 $32.9 million and $35.8 million at September 30, 2023 December 31, 2022 none Investments in partnerships that are not September 30, 2023 December 31, 2022 Capital may may may No no PMV Consumer Acquisition Corp. Commencing in August 2022, no August 2022, The following table reflects the net impact of the consolidated investment partnerships and other entities (“Consolidated Entities”) on the condensed consolidated statements of financial condition (in thousands): September 30, 2023 Prior to Consolidated Assets Consolidation Entities As Reported Cash and cash equivalents $ 377,742 $ 3,511 $ 381,253 Investments in U.S. Treasury Bills - 2,961 2,961 Investments in securities 148,132 65,213 213,345 Investments in affiliated registered investment companies 179,571 (54,279 ) 125,292 Investments in partnerships 161,180 (18,306 ) 142,874 Receivable from brokers (1) 22,309 7,045 29,354 Investment advisory fees receivable 1,281 (10 ) 1,271 Other assets (1) 27,086 3,021 30,107 Total assets $ 917,301 $ 9,156 $ 926,457 Liabilities and equity Securities sold, not yet purchased $ 4,891 $ 199 $ 5,090 Payable to brokers and other liabilities (1) 16,674 1,824 18,498 Redeemable noncontrolling interests - 7,133 7,133 Total equity 895,736 - 895,736 Total liabilities and equity $ 917,301 $ 9,156 $ 926,457 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 (1) 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 ( 1 The following table reflects the net impact of the consolidated entities on the condensed consolidated statements of income (in thousands): Three Months Ended September 30, 2023 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 2,310 $ (110 ) $ 2,200 Operating loss (3,156 ) (365 ) (3,521 ) Total other income/(loss), net 3,044 750 3,794 Income/(loss) before noncontrolling interests (16 ) 123 107 Income attributable to noncontrolling interests, net of taxes - 123 123 Net income/(loss) $ (16 ) $ - $ (16 ) Three Months Ended September 30, 2022 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 2,723 $ (161 ) $ 2,562 Operating loss (2,359 ) (770 ) (3,129 ) Total other income/(loss), net (19,053 ) 1,264 (17,789 ) Income/(loss) before noncontrolling interests (16,498 ) 494 (16,004 ) Income attributable to noncontrolling interests, net of taxes - 494 494 Net income/(loss) $ (16,498 ) $ - $ (16,498 ) Nine Months Ended September 30, 2023 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 7,378 $ (331 ) $ 7,047 Operating loss (10,998 ) (1,127 ) (12,125 ) Total other income/(loss), net 38,670 (1,530 ) 37,140 Income/(loss) before noncontrolling interests 21,109 320 21,429 Income attributable to noncontrolling interests, net of taxes - 320 320 Net income/(loss) $ 21,109 $ - $ 21,109 Nine Months Ended September 30, 2022 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 8,229 $ (539 ) $ 7,690 Operating loss (6,462 ) (2,184 ) (8,646 ) Total other income/(loss), net (73,907 ) 5,154 (68,753 ) Income/(loss) before noncontrolling interests (62,571 ) 2,970 (59,601 ) Income attributable to noncontrolling interests, net of taxes - 2,970 2,970 Net income/(loss) $ (62,571 ) $ - $ (62,571 ) Variable Interest Entity With respect to the consolidated VIE, its assets may no The following table presents the balances related to the VIE that is consolidated and included on the condensed consolidated statements of financial condition as well as the Company’s net interest in the VIE (in thousands): September 30, 2023 December 31, 2022 Cash and cash equivalents $ 427 $ 500 Investments in securities 8,967 8,396 Receivable from brokers (1) 20 304 Accrued expenses and other liabilities (1) (34 ) (33 ) Redeemable noncontrolling interests (434 ) (428 ) AC Group's net interests in consolidated VIEs $ 8,946 $ 8,739 ( 1 Voting Interest Entity We have an investment partnership that is consolidated as a VOE for both 2023 2022 September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 2023. Equity Method Investments The Company’s equity method investments include investments in partnerships and offshore funds. These equity method investments are not 10%

Note 5 - Fair Value

Note 5 - Fair Value	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5. Accounting Standards Codification Topic 820, 820 three • Level 1 • Level 2 not • Level 3 Inputs used to measure fair value might fall in different levels of the fair value hierarchy, in which case the Company defaults to the lowest level input that is significant to the fair value measurement in its entirety. These levels are not The following tables present assets and liabilities measured at fair value on a recurring basis, unless otherwise noted, as of the dates specified (in thousands): September 30, 2023 Assets Level 1 Level 2 Level 3 Total Cash equivalents $ 378,004 $ - $ - $ 378,004 Investments in securities (including GAMCO stock): Trading - U.S. Treasury Bills 2,961 - - 2,961 Common stocks 204,871 1,248 2,035 208,154 Mutual funds 1,055 - - 1,055 Other 3,268 649 219 4,136 Total investments in securities 212,155 1,897 2,254 216,306 Investments in affiliated registered investment companies: Closed-end funds 43,202 - 11,356 54,558 Mutual funds 70,734 - - 70,734 Total investments in affiliated registered investment companies 113,936 - 11,356 125,292 Total investments held at fair value 326,091 1,897 13,610 341,598 Total assets at fair value $ 704,095 $ 1,897 $ 13,610 $ 719,602 Liabilities Common stocks $ 4,796 $ - $ - $ 4,796 Other 58 236 - 294 Securities sold, not yet purchased 4,854 236 - 5,090 Total liabilities at fair value $ 4,854 $ 236 $ - $ 5,090 December 31, 2022 Assets Level 1 Level 2 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 The following table presents additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Assets: Total Total Total Total Beginning balance $ 14,491 $ 12,731 $ 13,774 $ 10,600 Total gains/(losses) (1 ) - (34 ) 70 Purchases - 1,500 1,000 3,900 Sales/return of capital (880 ) (414 ) (1,130 ) (753 ) Ending balance $ 13,610 $ 13,817 $ 13,610 $ 13,817 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 $ (1 ) $ - $ (34 ) $ 70 Total realized and unrealized gains and losses for Level 3 During the three nine September 30, 2023 2022 no 3.

Note 6 - Income Taxes

Note 6 - Income Taxes	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	6. The effective tax rate (“ETR”) for the nine September 30, 2023 September 30, 2022 2023 2022 nine September 30, 2023 At September 30, 2023 not not September 30, 2023 December 31, 2022 As of and for the periods ended September 30, 2023 December 31, 2022 not The Company remains subject to income tax examination by the IRS for the years 2019 2021 2016.

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	7. 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: Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share amounts) 2023 2022 2023 2022 Income/(loss) before noncontrolling interests $ 107 $ (16,004 ) $ 21,429 $ (59,601 ) Less: Income attributable to noncontrolling interests 123 494 320 2,970 Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders $ (16 ) $ (16,498 ) $ 21,109 $ (62,571 ) Weighted average number of shares of Common Stock outstanding - basic 21,672 22,010 21,836 22,033 Weighted average number of shares of Common Stock outstanding - diluted 21,672 22,010 21,836 22,033 Basic and Diluted EPS $ 0.00 $ (0.75 ) $ 0.97 $ (2.84 )

Note 8 - Equity

Note 8 - Equity	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Equity [Text Block]	8. 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’s Board of Directors periodically grants shares of Phantom Restricted Stock awards (“Phantom RSAs”). Under the terms of the grants, the Phantom RSAs vest 30% and 70% after three five The Phantom RSAs are treated as a liability because cash settlement is required and compensation will be recognized over the vesting period. In determining the compensation expense to be recognized each period, the Company will re-measure 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. Based on the closing price of the Company’s Class A Stock on September 30, 2023 December 31, 2022 The following table summarizes our stock-based compensation as well as unrecognized compensation for the three nine September 30, 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Stock-based compensation expense $ 752 $ 452 $ 957 $ 769 Remaining expense to be recognized, if all vesting conditions are met (1) 5,607 4,408 Weighted average remaining contractual term (in years) 2.1 1.9 ( 1 not The following table summarizes Phantom RSA ("PRSA") activity: PRSAs Weighted Average Grant Date Fair Value Balance at December 31, 2022 210,910 $ 36.17 Granted - - Forfeited - - Vested - - Balance at March 31, 2023 210,910 $ 36.17 Granted 97,000 39.61 Forfeited - - Vested - - Balance at June 30, 2023 307,910 $ 37.25 Granted - - Forfeited - - Vested (56,560 ) 37.40 Balance at September 30, 2023 251,350 $ 37.22 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: For the period ended September 30, 2023: Number of shares purchased Average price per share Remaining repurchase authorization December 31, 2022 609,352 Share repurchases under stock repurchase program (1) (52,307 ) $ 37.27 Remaining repurchase authorization March 31, 2023 557,045 Share repurchases under stock repurchase program (1) (211,870 ) $ 35.95 Remaining repurchase authorization June 30, 2023 345,175 Share repurchases under stock repurchase program (1) (103,169 ) $ 36.98 Remaining repurchase authorization September 30, 2023 242,006 For the period ended September 30, 2022: Remaining repurchase authorization December 31, 2021 677,144 Share repurchases under stock repurchase program (1) (7,536 ) $ 38.84 Remaining repurchase authorization March 31, 2022 669,608 Share repurchases under stock repurchase program (1) (35,292 ) $ 37.32 Remaining repurchase authorization June 30, 2022 634,316 Share repurchases under stock repurchase program (1) (11,752 ) $ 37.52 Remaining repurchase authorization September 30, 2022 622,564 ( 1 three September 30, 2023 2022 nine September 30, 2023 2022 Dividends There were no dividends declared during the three September 30, 2023 2022. nine September 30, 2023 2022,

Note 9 - Goodwill

Note 9 - Goodwill	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Goodwill Disclosure [Text Block]	9. At September 30, 2023 not nine September 30, 2023 2022 no

Note 10 - Guarantees, Contingen

Note 10 - Guarantees, Contingencies and Commitments	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10. From time to time, the Company may may may not September 30, 2023 The Company has also entered into arrangements with various other third third no no

Note 11 - Subsequent Events

Note 11 - Subsequent Events	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	11. From October 1, 2023 November 13, 2023, On November 8, 2023, December 14, 2023 December 1, 2023.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Organization [Policy Text Block]	Unless we have indicated otherwise, or the context otherwise requires, references in this report to “Associated Capital Group, Inc.”, "Associated Capital", “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. Gabelli & Company Investment Advisors, Inc. (“GCIA”), a wholly-owned subsidiary of AC, 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 the 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,
Business Combinations and Other Purchase of Business Transactions, Policy [Policy Text Block]	PMV Consumer Acquisition Corp. PMV Consumer Acquisition Corp. ("PMV"), 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% August 2022, no no August 2022. 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 held 2,397,974 shares as of September 30, 2023 December 31, 2022
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The unaudited interim condensed consolidated financial statements of AC Group included herein have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10 10 01 X. not not The interim condensed consolidated financial statements include the accounts of AC Group and its subsidiaries. All intercompany transactions and balances have been eliminated. The details on the impact of consolidating certain partnership entities on the condensed consolidated financial statements can be seen in Note 4. These interim condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10 December 31, 2022.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported on the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Developments In June 2016, 2016 13, 326 2016 13” 2016 13, November 2019, 2019 10, three January 1, 2023. January 1, 2023 not In January 2017, 2017 04, 2019 10, January 1, 2023. January 1, 2023 not

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Investment advisory and incentive fees Asset-based advisory fees $ 1,265 $ 1,269 $ 3,871 $ 3,882 Performance-based advisory fees 1 2 2 46 Sub-advisory fees 832 1,201 2,916 3,481 Sub-total 2,098 2,472 6,789 7,409 Other Miscellaneous 102 90 258 281 Total $ 2,200 $ 2,562 $ 7,047 $ 7,690

Note 3 - Investments in Secur_2

Note 3 - Investments in Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	September 30, 2023 December 31, 2022 Cost Fair Value Cost Fair Value Debt - Trading Securities: U.S. Treasury Bills $ 2,961 $ 2,961 $ 184,636 $ 186,001 Equity Securities: Common stocks 223,961 208,154 221,794 189,977 Mutual funds 566 1,055 539 906 Other investments 5,275 4,136 6,364 4,702 Total investments in equity securities 229,802 213,345 228,697 195,585 Total investments in securities $ 232,763 $ 216,306 $ 413,333 $ 381,586 September 30, 2023 December 31, 2022 Cost Fair Value Cost Fair Value Equity securities: Closed-end funds $ 42,960 $ 54,558 $ 45,029 $ 56,772 Mutual funds 50,052 70,734 50,224 69,438 Total investments in affiliated registered investment companies $ 93,012 $ 125,292 $ 95,253 $ 126,210
Security Sold Short [Table Text Block]	September 30, 2023 December 31, 2022 Cost Fair Value Cost Fair Value Equity securities: Common stocks $ 4,598 $ 4,796 $ 2,918 $ 2,509 Other investments 125 294 499 365 Total securities sold, not yet purchased $ 4,723 $ 5,090 $ 3,417 $ 2,874

Note 4 - Investment Partnersh_2

Note 4 - Investment Partnerships and Other Entities (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Condensed Balance Sheet [Table Text Block]	September 30, 2023 Prior to Consolidated Assets Consolidation Entities As Reported Cash and cash equivalents $ 377,742 $ 3,511 $ 381,253 Investments in U.S. Treasury Bills - 2,961 2,961 Investments in securities 148,132 65,213 213,345 Investments in affiliated registered investment companies 179,571 (54,279 ) 125,292 Investments in partnerships 161,180 (18,306 ) 142,874 Receivable from brokers (1) 22,309 7,045 29,354 Investment advisory fees receivable 1,281 (10 ) 1,271 Other assets (1) 27,086 3,021 30,107 Total assets $ 917,301 $ 9,156 $ 926,457 Liabilities and equity Securities sold, not yet purchased $ 4,891 $ 199 $ 5,090 Payable to brokers and other liabilities (1) 16,674 1,824 18,498 Redeemable noncontrolling interests - 7,133 7,133 Total equity 895,736 - 895,736 Total liabilities and equity $ 917,301 $ 9,156 $ 926,457 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 (1) 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
Condensed Income Statement [Table Text Block]	Three Months Ended September 30, 2023 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 2,310 $ (110 ) $ 2,200 Operating loss (3,156 ) (365 ) (3,521 ) Total other income/(loss), net 3,044 750 3,794 Income/(loss) before noncontrolling interests (16 ) 123 107 Income attributable to noncontrolling interests, net of taxes - 123 123 Net income/(loss) $ (16 ) $ - $ (16 ) Three Months Ended September 30, 2022 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 2,723 $ (161 ) $ 2,562 Operating loss (2,359 ) (770 ) (3,129 ) Total other income/(loss), net (19,053 ) 1,264 (17,789 ) Income/(loss) before noncontrolling interests (16,498 ) 494 (16,004 ) Income attributable to noncontrolling interests, net of taxes - 494 494 Net income/(loss) $ (16,498 ) $ - $ (16,498 ) Nine Months Ended September 30, 2023 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 7,378 $ (331 ) $ 7,047 Operating loss (10,998 ) (1,127 ) (12,125 ) Total other income/(loss), net 38,670 (1,530 ) 37,140 Income/(loss) before noncontrolling interests 21,109 320 21,429 Income attributable to noncontrolling interests, net of taxes - 320 320 Net income/(loss) $ 21,109 $ - $ 21,109 Nine Months Ended September 30, 2022 Prior to Consolidated Consolidation Entities As Reported Total revenues $ 8,229 $ (539 ) $ 7,690 Operating loss (6,462 ) (2,184 ) (8,646 ) Total other income/(loss), net (73,907 ) 5,154 (68,753 ) Income/(loss) before noncontrolling interests (62,571 ) 2,970 (59,601 ) Income attributable to noncontrolling interests, net of taxes - 2,970 2,970 Net income/(loss) $ (62,571 ) $ - $ (62,571 )
Schedule of Variable Interest Entities [Table Text Block]	September 30, 2023 December 31, 2022 Cash and cash equivalents $ 427 $ 500 Investments in securities 8,967 8,396 Receivable from brokers (1) 20 304 Accrued expenses and other liabilities (1) (34 ) (33 ) Redeemable noncontrolling interests (434 ) (428 ) AC Group's net interests in consolidated VIEs $ 8,946 $ 8,739

Note 5 - Fair Value (Tables)

Note 5 - Fair Value (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	September 30, 2023 Assets Level 1 Level 2 Level 3 Total Cash equivalents $ 378,004 $ - $ - $ 378,004 Investments in securities (including GAMCO stock): Trading - U.S. Treasury Bills 2,961 - - 2,961 Common stocks 204,871 1,248 2,035 208,154 Mutual funds 1,055 - - 1,055 Other 3,268 649 219 4,136 Total investments in securities 212,155 1,897 2,254 216,306 Investments in affiliated registered investment companies: Closed-end funds 43,202 - 11,356 54,558 Mutual funds 70,734 - - 70,734 Total investments in affiliated registered investment companies 113,936 - 11,356 125,292 Total investments held at fair value 326,091 1,897 13,610 341,598 Total assets at fair value $ 704,095 $ 1,897 $ 13,610 $ 719,602 Liabilities Common stocks $ 4,796 $ - $ - $ 4,796 Other 58 236 - 294 Securities sold, not yet purchased 4,854 236 - 5,090 Total liabilities at fair value $ 4,854 $ 236 $ - $ 5,090 December 31, 2022 Assets Level 1 Level 2 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
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Assets: Total Total Total Total Beginning balance $ 14,491 $ 12,731 $ 13,774 $ 10,600 Total gains/(losses) (1 ) - (34 ) 70 Purchases - 1,500 1,000 3,900 Sales/return of capital (880 ) (414 ) (1,130 ) (753 ) Ending balance $ 13,610 $ 13,817 $ 13,610 $ 13,817 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 $ (1 ) $ - $ (34 ) $ 70

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share amounts) 2023 2022 2023 2022 Income/(loss) before noncontrolling interests $ 107 $ (16,004 ) $ 21,429 $ (59,601 ) Less: Income attributable to noncontrolling interests 123 494 320 2,970 Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders $ (16 ) $ (16,498 ) $ 21,109 $ (62,571 ) Weighted average number of shares of Common Stock outstanding - basic 21,672 22,010 21,836 22,033 Weighted average number of shares of Common Stock outstanding - diluted 21,672 22,010 21,836 22,033 Basic and Diluted EPS $ 0.00 $ (0.75 ) $ 0.97 $ (2.84 )

Note 8 - Equity (Tables)

Note 8 - Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Stock-based compensation expense $ 752 $ 452 $ 957 $ 769 Remaining expense to be recognized, if all vesting conditions are met (1) 5,607 4,408 Weighted average remaining contractual term (in years) 2.1 1.9
Share-Based Payment Arrangement, Activity [Table Text Block]	PRSAs Weighted Average Grant Date Fair Value Balance at December 31, 2022 210,910 $ 36.17 Granted - - Forfeited - - Vested - - Balance at March 31, 2023 210,910 $ 36.17 Granted 97,000 39.61 Forfeited - - Vested - - Balance at June 30, 2023 307,910 $ 37.25 Granted - - Forfeited - - Vested (56,560 ) 37.40 Balance at September 30, 2023 251,350 $ 37.22
Class of Treasury Stock [Table Text Block]	For the period ended September 30, 2023: Number of shares purchased Average price per share Remaining repurchase authorization December 31, 2022 609,352 Share repurchases under stock repurchase program (1) (52,307 ) $ 37.27 Remaining repurchase authorization March 31, 2023 557,045 Share repurchases under stock repurchase program (1) (211,870 ) $ 35.95 Remaining repurchase authorization June 30, 2023 345,175 Share repurchases under stock repurchase program (1) (103,169 ) $ 36.98 Remaining repurchase authorization September 30, 2023 242,006 For the period ended September 30, 2022: Remaining repurchase authorization December 31, 2021 677,144 Share repurchases under stock repurchase program (1) (7,536 ) $ 38.84 Remaining repurchase authorization March 31, 2022 669,608 Share repurchases under stock repurchase program (1) (35,292 ) $ 37.32 Remaining repurchase authorization June 30, 2022 634,316 Share repurchases under stock repurchase program (1) (11,752 ) $ 37.52 Remaining repurchase authorization September 30, 2022 622,564

Note 1 - Organization (Details

Note 1 - Organization (Details Textual) - USD ($) $ in Millions	Nov. 30, 2015	Sep. 30, 2023	Dec. 31, 2022
GAMCO Class A Common Stock [Member]
Number of Shares Purchased in Spin-off (in shares)	4,393,055
Payments to Acquire Marketable Securities	$ 150
Number of Shares Held (in shares)		2,397,974	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

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Total revenues	$ 2,200	$ 2,562	$ 7,047	$ 7,690
Asset Based Advisory Fees [Member]
Total revenues	1,265	1,269	3,871	3,882
Performance Based Advisory Fees [Member]
Total revenues	1	2	2	46
Sub Advisory Fees [Member]
Total revenues	832	1,201	2,916	3,481
Investment Advice [Member]
Total revenues	2,098	2,472	6,789	7,409
Other Miscellaneous Revenues [Member]
Total revenues	$ 102	$ 90	$ 258	$ 281

Note 3 - Investments in Secur_3

Note 3 - Investments in Securities - Investments in Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments in U.S. Treasury Bills with greater than 3 month maturities	$ 2,961	$ 186,001
Equity Securities	229,802	228,697
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	213,345	195,585
Total investments in securities	232,763	413,333
Total investments in securities, fair value	216,306	381,586
Investment, Affiliated Issuer [Member]
Investment in registered investment companies, cost	93,012	95,253
Investments in affiliated registered investment companies, fair value	125,292	126,210
US Treasury Bill Securities [Member]
U.S. Treasury Bills	2,961	184,636
Investments in U.S. Treasury Bills with greater than 3 month maturities	2,961	186,001
Closed End Funds [Member] | Investment, Affiliated Issuer [Member]
Investment in registered investment companies, cost	42,960	45,029
Investments in affiliated registered investment companies, fair value	54,558	56,772
Mutual Fund [Member]
Equity Securities	566	539
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	1,055	906
Mutual Fund [Member] | Investment, Affiliated Issuer [Member]
Investment in registered investment companies, cost	50,052	50,224
Investments in affiliated registered investment companies, fair value	70,734	69,438
Common Stock [Member]
Equity Securities	223,961	221,794
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	208,154	189,977
Other Investments [Member]
Equity Securities	5,275	6,364
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	$ 4,136	$ 4,702

Note 3 - Investments in Secur_4

Note 3 - Investments in Securities - Securities Sold, Not Yet Purchased (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Total securities sold, not yet purchased, cost	$ 4,723	$ 3,417
Total securities sold, not yet purchased, fair value	5,090	2,874
Common Stock [Member]
Total securities sold, not yet purchased, cost	4,598	2,918
Total securities sold, not yet purchased, fair value	4,796	2,509
Other Investments [Member]
Total securities sold, not yet purchased, cost	125	499
Total securities sold, not yet purchased, fair value	$ 294	$ 365

Note 4 - Investment Partnersh_3

Note 4 - Investment Partnerships and Other Entities (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 31, 2022	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jul. 30, 2022
Investments in Unaffiliated Entities			$ 32,900	$ 35,800
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures			109,900	114,700
Deconsolidation, Gain (Loss), Amount	$ 3,600
Direct Investment in Partnership and Variable Interest Entity					$ 4,000
Partnership and VIE Investment, Percentage		62%
Partnership and VIE Investment Commitment Amount		$ 6,480
Assets			926,457	927,690
Liabilities			23,588	27,301
Redeemable Noncontrolling Interest, Equity, Carrying Amount			7,133	10,193
Voting Interest Entities [Member]
Assets			72,400	75,600
Liabilities			2,200	4,400
Redeemable Noncontrolling Interest, Equity, Carrying Amount			6,700	9,800
Net Assets			63,500	$ 61,400
Accounts Payable, Redeemable Noncontrolling Interests			$ 3,200
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 4 - Investment Partnersh_4

Note 4 - 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		Sep. 30, 2023		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Cash and cash equivalents		$ 381,253				$ 218,462	$ 288,178
Investments in U.S. Treasury Bills		2,961				186,001
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)		213,345				195,585
Investments in partnerships		142,874				150,498
Receivable from brokers (1)		29,354				12,072
Investment advisory fees receivable		1,271				3,807
Other assets	[1]	30,107				35,055
Total assets		926,457				927,690
Securities sold, not yet purchased		5,090				2,874
Payable to brokers and other liabilities(1)		18,498				24,427
Redeemable noncontrolling interests		7,133				10,193
Total equity		895,736		$ 899,567	$ 906,001	890,196	$ 879,255	$ 885,857	$ 918,188	$ 935,346
Total liabilities and equity		926,457				927,690
Investment, Affiliated Issuer [Member]
Investments in affiliated registered investment companies		125,292				126,210
Consolidated Entity, Excluding Consolidated Entities [Member]
Cash and cash equivalents		377,742				209,941
Investments in U.S. Treasury Bills		0				183,528
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)		148,132				129,942
Investments in partnerships		161,180				168,286
Receivable from brokers (1)		22,309				4,002
Investment advisory fees receivable		1,281				3,814
Other assets	[1]	27,086				35,045
Total assets		917,301				913,247
Securities sold, not yet purchased		4,891				2,678
Payable to brokers and other liabilities(1)		16,674	[1]			20,373
Redeemable noncontrolling interests		0				0
Total equity		895,736				890,196
Total liabilities and equity		917,301				913,247
Consolidated Entity, Excluding Consolidated Entities [Member] | Investment, Affiliated Issuer [Member]
Investments in affiliated registered investment companies		179,571				178,689
Consolidated Entities [Member]
Cash and cash equivalents		3,511				8,521
Investments in U.S. Treasury Bills		2,961				2,473
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)		65,213				65,643
Investments in partnerships		(18,306)				(17,788)
Receivable from brokers (1)		7,045				8,070
Investment advisory fees receivable		(10)				(7)
Other assets	[1]	3,021				10
Total assets		9,156				14,443
Securities sold, not yet purchased		199				196
Payable to brokers and other liabilities(1)		1,824				4,054
Redeemable noncontrolling interests		7,133				10,193
Total equity		0				0
Total liabilities and equity		9,156				14,443
Consolidated Entities [Member] | Investment, Affiliated Issuer [Member]
Investments in affiliated registered investment companies		$ (54,279)				$ (52,479)
[1]Represents the summation of multiple captions from the condensed consolidated statements of financial condition.

Note 4 - Investment Partnersh_5

Note 4 - Investment Partnerships and Other Entities - Net Impact of Consolidated Entities on the Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Total revenues	$ 2,200	$ 2,562	$ 7,047	$ 7,690
Operating loss	(3,521)	(3,129)	(12,125)	(8,646)
Total other income/(loss), net	3,794	(17,789)	37,140	(68,753)
Income/(loss) before noncontrolling interests	107	(16,004)	21,429	(59,601)
Income attributable to noncontrolling interests	123	494	320	2,970
Net income/(loss)	(16)	(16,498)	21,109	(62,571)
Consolidated Entity, Excluding Consolidated Entities [Member]
Total revenues	2,310	2,723	7,378	8,229
Operating loss	(3,156)	(2,359)	(10,998)	(6,462)
Total other income/(loss), net	3,044	(19,053)	38,670	(73,907)
Income/(loss) before noncontrolling interests	(16)	(16,498)	21,109	(62,571)
Income attributable to noncontrolling interests	0	0	0	0
Net income/(loss)	(16)	(16,498)	21,109	(62,571)
Consolidated Entities [Member]
Total revenues	(110)	(161)	(331)	(539)
Operating loss	(365)	(770)	(1,127)	(2,184)
Total other income/(loss), net	750	1,264	(1,530)	5,154
Income/(loss) before noncontrolling interests	123	494	320	2,970
Income attributable to noncontrolling interests	123	494	320	2,970
Net income/(loss)	$ 0	$ 0	$ 0	$ 0

Note 4 - Investment Partnersh_6

Note 4 - Investment Partnerships and Other Entities - Balances Related to VIEs (Details) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Cash and cash equivalents		$ 381,253	$ 218,462	$ 288,178
Receivable from brokers (1)		29,354	12,072
Redeemable noncontrolling interests		(7,133)	(10,193)
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents		427	500
Investments in securities		8,967	8,396
Receivable from brokers (1)		20	304
Accrued expenses and other liabilities (1)	[1]	(34)	(33)
Redeemable noncontrolling interests		(434)	(428)
AC Group's net interests in consolidated VIEs		$ 8,946	$ 8,739
[1]Represents the summation of multiple captions from the condensed consolidated statements of financial condition.

Note 5 - Fair Value - Assets an

Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments in U.S. Treasury Bills with greater than 3 month maturities	$ 2,961	$ 186,001
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	213,345	195,585
Total investments in securities	216,306	381,586
Securities sold, not yet purchased	5,090	2,874
US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	2,961	186,001
Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	208,154	189,977
Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	1,055	906
Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	4,136	4,702
Fair Value, Recurring [Member]
Cash equivalents	378,004	216,313
Total investments in securities	216,306	381,586
Investments in affiliated registered investment companies	125,292	126,210
Investment, fair value	341,598	507,796
Total assets at fair value	719,602	724,109
Securities sold, not yet purchased	5,090	2,874
Total liabilities at fair value	5,090	2,874
Fair Value, Recurring [Member] | US Treasury Bill Securities [Member]
Investments in U.S. Treasury Bills with greater than 3 month maturities	2,961	186,001
Fair Value, Recurring [Member] | Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	208,154	189,977
Securities sold, not yet purchased	4,796	2,509
Fair Value, Recurring [Member] | Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	1,055	906
Investments in affiliated registered investment companies	70,734	69,438
Fair Value, Recurring [Member] | Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	4,136	4,702
Securities sold, not yet purchased	294	365
Fair Value, Recurring [Member] | Closed End Funds [Member]
Investments in affiliated registered investment companies	54,558	56,772
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Cash equivalents	378,004	216,313
Total investments in securities	212,155	376,991
Investments in affiliated registered investment companies	113,936	114,724
Investment, fair value	326,091	491,715
Total assets at fair value	704,095	708,028
Securities sold, not yet purchased	4,854	2,641
Total liabilities at fair value	4,854	2,641
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	2,961	186,001
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Common Stock [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	204,871	185,952
Securities sold, not yet purchased	4,796	2,509
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	1,055	906
Investments in affiliated registered investment companies	70,734	69,438
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Investments [Member]
Investments in equity securities (includes GAMCO stock with a fair value of $48.0 million and $36.7 million, respectively)	3,268	4,132
Securities sold, not yet purchased	58	132
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Closed End Funds [Member]
Investments in affiliated registered investment companies	43,202	45,286
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Cash equivalents	0	0
Total investments in securities	1,897	2,307
Investments in affiliated registered investment companies	0	0
Investment, fair value	1,897	2,307
Total assets at fair value	1,897	2,307
Securities sold, not yet purchased	236	233
Total liabilities at fair value	236	233
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 fair value of $48.0 million and $36.7 million, respectively)	1,248	1,990
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 fair value of $48.0 million and $36.7 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 fair value of $48.0 million and $36.7 million, respectively)	649	317
Securities sold, not yet purchased	236	233
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	2,254	2,288
Investments in affiliated registered investment companies	11,356	11,486
Investment, fair value	13,610	13,774
Total assets at fair value	13,610	13,774
Securities sold, not yet purchased	0	0
Total liabilities at fair value	0	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 fair value of $48.0 million and $36.7 million, respectively)	2,035	2,035
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 fair value of $48.0 million and $36.7 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 fair value of $48.0 million and $36.7 million, respectively)	219	253
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	$ 11,356	$ 11,486

Note 5 - Fair Value - Additiona

Note 5 - Fair Value - Additional Information About Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Beginning balance	$ 14,491	$ 12,731	$ 13,774	$ 10,600
Total gains/(losses)	(1)	0	(34)	70
Purchases	0	1,500	1,000	3,900
Sales/return of capital	(880)	(414)	(1,130)	(753)
Ending balance	13,610	13,817	13,610	13,817
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	$ (1)	$ 0	$ (34)	$ 70

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Percent	14.30%	23%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%
Deferred Tax Assets, Net of Valuation Allowance	$ 8,200
Deferred Tax Assets, Valuation Allowance	300		$ 300
Unrecognized Tax Benefits, Ending Balance	$ 0		$ 0
Domestic Tax Authority [Member]
Open Tax Year	2019 2020 2021
State and Local Jurisdiction [Member]
Open Tax Year	2016 2017 2018 2019 2020 2021 2022

Note 7 - Earnings Per Share - C

Note 7 - Earnings Per Share - Computations of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income/(loss) before noncontrolling interests	$ 107	$ (16,004)	$ 21,429	$ (59,601)
Less: Income attributable to noncontrolling interests	123	494	320	2,970
Net income/(loss) attributable to Associated Capital Group, Inc.'s shareholders	$ (16)	$ (16,498)	$ 21,109	$ (62,571)
Weighted average number of shares of Common Stock outstanding - basic (in shares)	21,672	22,010	21,836	22,033
Weighted average number of shares of Common Stock outstanding - diluted (in shares)	21,672	22,010	21,836	22,033
Basic and Diluted EPS (in dollars per share)	$ 0	$ (0.75)	$ 0.97	$ (2.84)

Note 8 - Equity (Details Textua

Note 8 - Equity (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) shares	Sep. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Mar. 31, 2022 USD ($) shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares	May 08, 2018 shares	Aug. 03, 2017 shares	Feb. 07, 2017 shares	Dec. 31, 2015 shares
Employee-related Liabilities | $	$ 10,915						$ 10,915		$ 13,936
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | shares											500,000	1,000,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares) | shares	242,006	345,175	557,045	622,564	634,316	669,608	242,006	622,564	609,352	677,144			500,000
Treasury Stock, Value, Acquired, Cost Method | $	$ 3,815	$ 7,617	$ 1,949	$ 441	$ 1,317	$ 293	$ 13,400	$ 2,100
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares	$ 0	$ 0.1		$ 0	$ 0.1
Maximum [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | shares														500,000
Phantom Restricted Stock Award [Member]
Employee-related Liabilities | $	$ 3,700						$ 3,700		$ 4,800
Phantom Restricted Stock Award [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage							30%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)							3 years
Phantom Restricted Stock Award [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage							70%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)							5 years
Common Class A [Member]
Number of Votes Per Share							1
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares							$ 0.1	$ 0.1
Common Class B [Member]
Number of Votes Per Share							10
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares							$ 0.1	$ 0.1

Note 8 - Equity - Summary of St

Note 8 - Equity - Summary of Stock-based Compensation and Unrecognized Compensation (Details) - Phantom Restricted Stock Award [Member] - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock-based compensation expense		$ 752	$ 452	$ 957	$ 769
Remaining expense to be recognized, if all vesting conditions are met(1)	[1]	$ 5,607	$ 4,408	$ 5,607	$ 4,408
Weighted average remaining contractual term (in years) (Year)				2 years 1 month 6 days	1 year 10 months 24 days
[1]Does not include an estimate for projected future dividends.

Note 8 - Equity - Phantom RSA A

Note 8 - Equity - Phantom RSA Activity (Details) - Phantom Restricted Stock Award [Member] - $ / shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Balance, shares (in shares)	307,910	210,910	210,910
Balance, weighted average grant date fair value (in dollars per share)	$ 37.25	$ 36.17	$ 36.17
Granted, shares (in shares)	0	97,000	0
Granted, weighted average grant date fair value (in dollars per share)	$ 0	$ 39.61	$ 0
Forfeited, shares (in shares)	0	0	0
Forfeited, weighted average grant date fair value (in dollars per share)	$ 0	$ 0	$ 0
Vested, shares (in shares)	56,560	0	0
Vested, weighted average grant date fair value (in dollars per share)	$ 37.4	$ 0	$ 0
Forfeited, shares (in shares)	0	0	0
Vested, shares (in shares)	(56,560)	0	0
Balance, shares (in shares)	251,350	307,910	210,910
Balance, weighted average grant date fair value (in dollars per share)	$ 37.22	$ 37.25	$ 36.17

Note 8 - Equity - Stock Repurch

Note 8 - Equity - Stock Repurchase Activity (Details) - $ / shares	3 Months Ended
	Sep. 30, 2023		Jun. 30, 2023		Mar. 31, 2023		Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Remaining repurchase authorization (in shares)	345,175		557,045		609,352		634,316	669,608	677,144
Share repurchases under stock repurchase program (1) (in shares)	(103,169)	[1]	(211,870)	[1]	(52,307)	[1]	(11,752)	(35,292)	(7,536)	[1]
Share repurchases under stock repurchase program (1) (in dollars per share)	$ 36.98	[1]	$ 35.95	[1]	$ 37.27	[1]	$ 37.52	$ 37.32	$ 38.84	[1]
Remaining repurchase authorization (in shares)	242,006		345,175		557,045		622,564	634,316	669,608
[1]Repurchases totaled $7.6 million and $1.3 million for the three-month periods ended June 30, 2023 and 2022, respectively. Repurchases totaled $9.6 million and $1.6 million for the six-month periods ended June 30, 2023 and 2022, respectively.

Note 9 - Goodwill (Details Text

Note 9 - Goodwill (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill, Ending Balance	$ 3,519		$ 3,519
Goodwill, Impairment Loss	0	$ 0
Gabelli Company Investment Advisers Inc [Member]
Goodwill, Ending Balance	$ 3,400

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual) - $ / shares		1 Months Ended	3 Months Ended										9 Months Ended
	Nov. 08, 2023	Nov. 09, 2023	Sep. 30, 2023		Jun. 30, 2023		Mar. 31, 2023	[1]	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	[1]	Sep. 30, 2023	Sep. 30, 2022
Treasury Stock, Shares, Acquired (in shares)			103,169	[1]	211,870	[1]	52,307		11,752	35,292	7,536
Shares Acquired, Average Cost Per Share (in dollars per share)			$ 36.98	[1]	$ 35.95	[1]	$ 37.27		$ 37.52	$ 37.32	$ 38.84
Common Stock, Dividends, Per Share, Declared (in dollars per share)			$ 0		$ 0.1				$ 0	$ 0.1
Common Class B [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)													$ 0.1	$ 0.1
Common Class A [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)													$ 0.1	$ 0.1
Subsequent Event [Member]
Treasury Stock, Shares, Acquired (in shares)		36,986
Shares Acquired, Average Cost Per Share (in dollars per share)		$ 34.82
Subsequent Event [Member] | Common Class B [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.1
Subsequent Event [Member] | Common Class A [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.1
[1]Repurchases totaled $7.6 million and $1.3 million for the three-month periods ended June 30, 2023 and 2022, respectively. Repurchases totaled $9.6 million and $1.6 million for the six-month periods ended June 30, 2023 and 2022, respectively.