Steel Partners (SPLP) 10-Q4 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2023	May 01, 2023
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-35493
Entity Registrant Name	STEEL PARTNERS HOLDINGS L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3727655
Entity Address, Address Line One	590 Madison Avenue, 32nd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	212
Local Phone Number	520-2300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		21,666,894
Entity Central Index Key	0001452857
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Entity Listings [Line Items]
Title of 12(b) Security	Common Units, no par value
Trading Symbol	SPLP
Security Exchange Name	NYSE
Series A Preferred Units
Entity Listings [Line Items]
Title of 12(b) Security	6.0% Series A Preferred Units
Trading Symbol	SPLP-PRA
Security Exchange Name	NYSE

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 305,054	$ 234,448
Trade and other receivables - net of allowance for doubtful accounts of $2,315 and $2,414, respectively	199,595	183,861
Loans receivable, including loans held for sale of $694,993 and $602,675, respectively, net	1,314,173	1,131,745
Inventories, net	220,911	214,084
Prepaid expenses and other current assets	42,444	41,090
Total current assets	2,082,177	1,805,228
Long-term loans receivable, net	495,572	423,248
Goodwill	125,910	125,813
Other intangible assets, net	91,370	94,783
Other non-current assets	162,045	195,859
Property, plant and equipment, net	240,108	238,510
Operating lease right-of-use assets	49,716	42,711
Long-term investments	305,960	309,697
Total Assets	3,552,858	3,235,849
Current liabilities:
Accounts payable	120,080	109,572
Accrued liabilities	106,898	112,744
Deposits	1,572,301	1,360,477
Short-term debt	987	685
Current portion of long-term debt	67	67
Other current liabilities	67,197	65,598
Total current liabilities	1,867,530	1,649,143
Long-term deposits	281,900	208,004
Long-term debt	182,205	179,572
Other borrowings	31,692	41,682
Preferred unit liability	152,908	152,247
Accrued pension liabilities	87,864	84,948
Deferred tax liabilities	48,161	41,055
Long-term operating lease liabilities	42,756	35,512
Other non-current liabilities	38,001	42,226
Total Liabilities	2,733,017	2,434,389
Commitments and Contingencies
Capital:
Partners' capital common units: 21,667,031 and 21,605,093 issued and outstanding (after deducting 17,980,183 and 17,904,679 units held in treasury, at cost of $312,505 and $309,257), respectively	969,425	952,094
Accumulated other comprehensive loss	(150,781)	(151,874)
Total Partners' Capital	818,644	800,220
Noncontrolling interests in consolidated entities	1,197	1,240
Total Capital	819,841	801,460
Total Liabilities and Capital	$ 3,552,858	$ 3,235,849

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 2,315	$ 2,414
Loans held-for-sale	$ 694,993	$ 602,675
Common units issued (in shares)	21,667,031	21,605,093
Common units outstanding (in shares)	21,667,031	21,605,093
Common units held in treasury (in shares)	17,980,183	17,904,679
Common units held in treasury, cost	$ 312,505	$ 309,257

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Total revenue	$ 445,371	$ 405,745
Costs and expenses:
Cost of goods sold	261,293	268,170
Selling, general and administrative expenses	114,954	86,124
Asset impairment charges	0	403
Finance interest expense	13,741	1,164
Provision for credit losses	7,806	1,282
Interest expense	5,986	4,524
Realized and unrealized (gains) losses on securities, net	(607)	27,726
Other income, net	(1,176)	(441)
Total costs and expenses	401,997	388,952
Income from operations before income taxes and equity method investments	43,374	16,793
Income tax provision	14,604	7,609
Loss of associated companies, net of taxes	3,967	4,643
Net income	24,803	4,541
Net loss attributable to noncontrolling interests in consolidated entities	43	24
Net income attributable to common unitholders	$ 24,846	$ 4,565
Net income per common unit - basic
Net income (loss) attributable to common unitholders (in dollars per share)	$ 1.15	$ 0.21
Net income per common unit - diluted
Net income attributable to common unitholders (in dollars per share)	$ 1.09	$ 0.20
Weighted-average number of common units outstanding - basic (in shares)	21,685,794	22,209,071
Weighted-average number of common units outstanding - diluted (in shares)	25,541,246	22,643,016
Diversified Industrial net sales
Revenue:
Total revenue	$ 304,426	$ 327,249
Energy net revenue
Revenue:
Total revenue	48,164	38,317
Financial Services revenue
Revenue:
Total revenue	$ 92,781	$ 40,179

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 24,803	$ 4,541
Other comprehensive income (loss), net of taxes:
Currency translation adjustments	1,093	(459)
Other comprehensive income (loss)	1,093	(459)
Comprehensive income	25,896	4,082
Comprehensive loss attributable to noncontrolling interests	43	24
Comprehensive income attributable to common unitholders	$ 25,939	$ 4,106

Consolidated Statement of Chang

Consolidated Statement of Changes in Capital (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	21,605,093
Balance at beginning of year	$ 801,460	$ 669,048	$ 669,048
Net income (loss)	24,803	4,541
Currency translation adjustments	1,093	(459)
Equity compensation - restricted units	(11)	119
Tax withholding related to vesting of restricted units	(333)
Purchases of SPLP common units		(10,418)
Purchases of SPLP common units	(3,248)
Purchases of subsidiary shares from noncontrolling interests		(8,606)
Other, net	$ (61)
Balance at end of period (in shares)	21,667,031		21,605,093
Balance at end of year	$ 819,841	654,225	$ 801,460
Accounting Standards Update [Extensible Enumeration]			Impact of adopting current expected credit loss accounting guidance
Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	(3,862)
Balance at end of year			$ (3,862)
Total Partners' Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	800,220	663,337	663,337
Net income (loss)	24,846	4,565
Currency translation adjustments	1,093	(459)
Equity compensation - restricted units	(11)	119
Tax withholding related to vesting of restricted units	(333)
Purchases of SPLP common units		(10,418)
Purchases of SPLP common units	(3,248)
Purchases of subsidiary shares from noncontrolling interests		(3,942)
Other, net	(61)
Balance at end of year	818,644	$ 653,202	800,220
Total Partners' Capital \| Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	$ (3,862)
Balance at end of year			$ (3,862)
Common Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	39,509,772	37,828,941	37,828,941
Equity compensation - restricted units (in shares)	146,414	(37,315)
Tax withholding related to vesting of restricted units (in shares)	(8,972)
Balance at end of period (in shares)	39,647,214	37,791,626	39,509,772
Treasury Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	17,904,679	16,810,932	16,810,932
Balance at beginning of year	$ (309,257)	$ (264,284)	$ (264,284)
Purchases of SPLP common units (in shares)		(268,623)
Purchases of SPLP common units		$ (10,418)
Purchases of SPLP common units (in shares)	(75,504)
Purchases of SPLP common units	$ (3,248)
Balance at end of period (in shares)	17,980,183	17,079,555	17,904,679
Balance at end of year	$ (312,505)	$ (274,702)	$ (309,257)
Partners' Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	952,094	795,140	795,140
Net income (loss)	24,846	4,565
Equity compensation - restricted units	(11)	119
Tax withholding related to vesting of restricted units	(333)
Purchases of SPLP common units		(10,418)
Purchases of SPLP common units	(3,248)
Purchases of subsidiary shares from noncontrolling interests		(3,942)
Other, net	(61)
Balance at end of year	969,425	785,464	952,094
Partners' Capital \| Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	(3,862)
Balance at end of year			(3,862)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	(151,874)	(131,803)	(131,803)
Currency translation adjustments	1,093	(459)
Balance at end of year	(150,781)	(132,262)	(151,874)
Noncontrolling Interests in Consolidated Entities
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	1,240	5,711	5,711
Net income (loss)	(43)	(24)
Purchases of subsidiary shares from noncontrolling interests		(4,664)
Balance at end of year	$ 1,197	$ 1,023	$ 1,240

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 24,803	$ 4,541
Adjustments to reconcile net income from continuing operations to net cash (used in) provided by operating activities:
Provision for loan losses	7,806	1,282
Loss of associated companies, net of taxes	3,967	4,643
Realized and unrealized (gains) losses on securities, net	(607)	27,726
Derivative gains on economic interests in loans	(1,260)	(1,030)
Deferred income taxes	9,722	(1,106)
Depreciation and amortization	12,943	14,163
Non-cash lease expense	2,832	2,496
Equity-based compensation	(11)	119
Other	4,146	(1,147)
Net change in operating assets and liabilities:
Trade and other receivables	(15,398)	(36,357)
Inventories	(6,585)	(22,474)
Prepaid expenses and other assets	(13,440)	(5,443)
Accounts payable, accrued and other liabilities	15,152	53,956
Net increase in loans held for sale	(92,318)	(54,679)
Net cash used in operating activities	(48,248)	(13,310)
Cash flows from investing activities:
Purchases of investments	(5,729)	(19,015)
Proceeds from sales of investments	36	0
Proceeds from maturities of investments	36,512	5,364
Return of investment in associated companies	1,000	0
Loan originations, net of collections	(174,982)	56,879
Purchases of property, plant and equipment	(10,708)	(7,746)
Other	(92)	0
Net cash used in investing activities	(153,963)	35,482
Cash flows from financing activities:
Net revolver borrowings (repayments)	2,953	(1,419)
Repayments of term loans	(17)	(25)
Purchases of the Company's common units	(3,248)	(10,418)
Net decrease in other borrowings	(9,950)	(117,733)
Distribution to preferred unitholders	(2,408)	(2,408)
Purchase of subsidiary shares from noncontrolling interest	0	(8,606)
Tax withholding related to vesting of restricted units	(333)	0
Net increase (decrease) in deposits	285,720	(5,255)
Net cash provided by (used in) financing activities	272,717	(145,864)
Net change for the period	70,506	(123,692)
Effect of exchange rate changes on cash and cash equivalents	100	(239)
Cash, cash equivalents and restricted cash at beginning of period	234,448	325,363
Cash, cash equivalents and restricted cash at end of period	$ 305,054	$ 201,432

Nature of the Business and Basi

Nature of the Business and Basis of Presentation	3 Months Ended
Nature of the Business and Basis of Presentation	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of the Business and Basis of Presentation	Nature of the Business Steel Partners Holdings L.P. ("we," "our," "SPLP" or "Company") is a diversified global holding company that engages in multiple businesses through consolidated subsidiaries and other interests. It owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. SPLP operates through the following segments: Diversified Industrial, Energy and Financial Services, which are managed separately and offer different products and services. For additional details related to the Company's reportable segments, see Note 17 - "Segment Information." Steel Partners Holdings GP Inc. ("SPH GP"), a Delaware corporation, is the general partner of SPLP and is wholly-owned by SPLP. The Company is managed by SP General Services LLC ("Manager"), pursuant to the terms of an amended and restated management agreement ("Management Agreement") discussed in further detail in Note 16 - "Related Party Transactions." Basis of Presentation The accompanying unaudited consolidated financial statements as of March 31, 2023 and for the three-month periods ended March 31, 2023 and 2022, which have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC") for interim periods, include the accounts of the Company and its consolidated subsidiaries. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation have been reflected herein. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the operating results for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 ("Annual Report" or "Form 10-K"), from which the consolidated balance sheet as of December 31, 2022 has been derived. The Company's fiscal quarter ends on the last day of the calendar quarter; however, for certain subsidiaries of the Company, the fiscal quarter periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year. The Company and all its subsidiaries close their books for fiscal years on December 31. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"), but is not required for interim reporting purposes, has been condensed or omitted. Management must make estimates and assumptions that affect the consolidated financial statements and the related footnote disclosures. While management uses its best judgment, actual results may differ from those estimates. Certain reclassifications have been made to the prior period financial statements and notes to conform to the current period presentation. Adoption of New Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") . This new standard changed the impairment model for most financial assets that are measured at amortized cost and certain other instruments, including trade receivables, from an incurred loss model to an expected loss model and added certain new required disclosures. Under the expected loss model, entities recognize estimated credit losses over the entire contractual term of the instrument rather than delaying recognition of credit losses until it is probable the loss has been incurred. The Company adopted ASU 2016-13 on January 1, 2023. The guidance was applied on a modified-retrospective basis, with the cumulative-effect adjustment recorded to partners' capital on the adoption date. The adoption did not have a material effect on the Company’s trade receivables and other financial assets of its Diversified Industrial and Energy segments. The Company's Financial Services segment recognized an increase of $5,248 to its Allowance for Credit Losses and a decrease of $3,862, net of tax cumulative effect adjustment to the beginning balance of partners' capital from the adoption of ASU 2016-13. WebBank analyzed the portfolio segments and classes of financing receivables based on the implementation of the new standard. There were no necessary changes in the portfolio segments or classes of financing receivables. The amortized cost basis for loans is the combination of the balance, deferred fees and costs, and premium or discount. WebBank does not generally record an allowance for credit losses ("ACL") for accrued interest because uncollectible accrued interest is reversed through interest income in a timely manner in line with the nonaccrual and past due policies for loans. Accrued interest is included in other assets on the consolidated balance sheets. As a result of the Company's adoption of ASU 2016-13, the following significant accounting policies have been updated from the policies described in the Annual Report on Form 10-K. Loans Receivable, Including Loans Held for Sale WebBank's loan activities include several lending arrangements with companies where it originates credit card and other loans for consumers and small businesses. These loans are classified as Loans receivable and are typically sold after origination. As part of these arrangements, WebBank earns fees that are recorded in non-interest income. Fees earned from these lending arrangements are recorded as fee income. WebBank also purchases participations in commercial and industrial loans through loan syndications. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at amortized cost. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield over the estimated life of the loan. Loans held for sale are carried at amortized cost. Gains and losses are recorded in noninterest income based on the difference between sales proceeds and amortized cost. Loans that are collateral-dependent are measured at the lower of amortized cost or the fair value of the collateral less the cost to sell. Loans are reported as past due when either principal or interest is due and unpaid for a period of 30 days or more. The accrual of interest on loans is discontinued at the time the loan is 90 days delinquent for commercial loans, 120 days for consumer loans and 180 days for small business loans unless the loan is well-secured and in process of collection. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Credit Losses The ACL, which consist of the allowance for loan losses, reserves for unfunded loan commitments, and the allowance on held to maturity debt securities, represents managements estimate of current expected credit losses over the contractual term of WebBank’s loan portfolio, unfunded lending commitments, and held to maturity debt securities as of the balance sheet date. The reserves for unfunded lending commitments is included in other current liabilities on the consolidated balance sheets. The allowance for held to maturity debt securities is estimated separately from loans and carried at net amortized cost included in other non-current assets on the consolidated balance sheets. The ACL is a valuation account that is deducted from the loan's amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged against the ACL and recognized in the consolidated statements of operations when management believes the recorded loan balance is confirmed as uncollectible. Management estimates the allowance balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. WebBank leverages economic projections from a third-party provider on a quarterly basis to generate macroeconomic factors for a two-year reasonable and supportable timeframe, before reverting to the baseline loss-curve implied loss expectations. After applying historic loss experience, the quantitatively derived level of ACL is reviewed for each segment using qualitative criteria. Various risk factors are tracked that influence our judgment regarding the level of the ACL across the portfolio segments. Primary qualitative factors that may be reflected in the quantitative models include: • Asset quality trends • Risk management and loan administration practices • Portfolio management and controls • Effect of changes in the nature and volume of the portfolio • Changes in lending policies and underwriting policies • Existence and effect of any portfolio concentrations • National economic business conditions and other macroeconomic adjustments • Regional and local economic and business conditions • Data availability and applicability • Industry monitoring • Value of underlying collateral Changes in the level of the ACL reflect changes in these factors. The magnitude of the impact of each of these factors on the qualitative assessment of the ACL changes from quarter to quarter according to the extent these factors are already reflected in historic loss rates and according to the extent these factors diverge from one another. Also considered is the uncertainty inherent in the estimation process when evaluating the ACL. Accounting Standards Not Yet Effective In June 2022, the FASB issued ASU 2022-03 , Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The new standard clarifies that a contractual restriction on the sale of an equity security should not be considered in measuring the fair value of the security. The new standard also requires certain disclosures related to equity securities with contractual sale restrictions. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The standard should be applied prospectively. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements and related disclosures.

Revenues

Revenues	3 Months Ended
Revenues	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenues	REVENUES Disaggregation of Revenues Revenues are disaggregated at the Company's segment level since the segment categories depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. For additional details related to the Company's reportable segments, see Note 17 - "Segment Information." The following table presents the Company's revenues disaggregated by geography for the three months ended March 31, 2023 and 2022. The Company's revenues are primarily derived domestically. Foreign revenues are based on the country in which the legal subsidiary generating the revenue is domiciled. Revenue from any single foreign country was not material to the Company's consolidated financial statements. Three Months Ended 2023 2022 United States $ 426,165 $ 384,270 Foreign 19,206 21,475 Total revenue $ 445,371 $ 405,745 Contract Balances Differences in the timing of revenue recognition, billings and cash collections result in billed trade receivables, unbilled receivables (contract assets) and deferred revenues (contract liabilities) on the consolidated balance sheets. Contract Assets Unbilled receivables arise when the timing of billings to customers differs from the timing of revenue recognition, such as when the Company recognizes revenue over time before a customer can be billed. Contract assets are classified as Prepaid expenses and other current assets on the consolidated balance sheets. As of March 31, 2023 and December 31, 2022, the contract asset balance was $11,623 and $11,937, respectively. Contract Liabilities The Company records deferred revenues when cash payments are received or due in advance of the Company's performance, including amounts that are refundable, which are recorded as contract liabilities. Contract liabilities are classified as Other current liabilities on the consolidated balance sheets, based on the timing of when the Company expects to recognize revenue. Contract Liabilities Balance at December 31, 2022 $ 4,380 Deferral of revenue 5,031 Recognition of unearned revenue (4,687) Balance at March 31, 2023 $ 4,724 Balance at December 31, 2021 $ 3,396 Deferral of revenue 431 Recognition of unearned revenue (617) Balance at March 31, 2022 $ 3,210

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
Acquisitions and Divestitures	Mar. 31, 2023
Business Combinations [Abstract]
Acquisitions and Divestitures	ACQUISITION AND DIVESTITURES WebBank Acquisition of Security Premium Finance On August 2, 2022, the Company, through its wholly-owned subsidiary, WebBank, completed the acquisition of Security Premium Finance Company, LLC ("Security Premium Finance"), based in Coral Gables, Florida for a total purchase price of $47,280 which was financed with cash on hand. The purchase price contains a profit share interest valued at approximately $1,440, of which $190 was unpaid as of March 31, 2023. Security Premium Finance provides insurance premium financing services for commercial and consumer clients to purchase property and casualty insurance products. In connection with the acquisition, the Company recorded premium finance receivables, other intangible assets and goodwill associated with the acquisition, totaling approximately $43,124, $1,370, and $2,959, respectively, as well as other assets and liabilities. Other intangible assets primarily consist of agent relationships. The goodwill from the acquisition consists largely of the synergies expected from combining the operations of the two businesses. The goodwill of $2,959 is expected to be deductible for income tax purposes. The purchase price and purchase price allocation of Security Premium Finance were finalized as of March 31, 2023, with no significant changes to preliminary amounts. The results of operations of Security Premium Finance are included with WebBank in the Company's Financial Services segment. 2022 Noncontrolling Interest Acquisition On January 7, 2022, the Company entered into stock purchase agreements with certain stockholders of iGo, Inc. ("iGo") to purchase such stockholders’ shares of iGo common stock at $5.50 per share in cash. Following the acquisition of such shares, the Company owned more than 90% of iGo’s outstanding shares. On January 14, 2022, iGo merged with a subsidiary of the Company ("Merger") without a vote or meeting of iGo's stockholders pursuant to the short-form merger provisions under the Delaware General Corporation Law. All remaining shares of iGo common stock not owned by the Company immediately prior to the Merger were converted into the right to receive $5.50 per share in cash, and the Company acquired all iGo shares it previously did not own for approximately $8,606. Upon completion of the Merger, iGo became a wholly-owned subsidiary of the Company. 2022 Investment in Nonconsolidated Affiliate On April 1, 2022, the Company acquired an interest in PCS-Mosaic Co-Invest L.P. ("PCS-Mosaic"), a private investment fund for a purchase price of approximately $23,600. The fund is primarily invested in specialized software development and training services. The Company accounts for its investment as an equity method investment as the Company does not have a controlling financial interest. The Company has not elected the fair value option to account for PCS-Mosaic which will be carried at cost, plus or minus the Company's share of net earnings or losses of the investment, subject to certain other adjustments. The Company’s share of net earnings or losses of the investment is included in Income (loss) of associated companies, net of tax on the Company’s consolidated statements of operations. Dividends received from the investee reduce the carrying amount of the investment. Due to the timing of receiving financial information from PCS-Mosaic, the Company records its share of net earnings or losses on a three month lag basis. 2022 Divestiture of SLPE Business On April 25, 2022, the Company completed the sale of its subsidiary, SL Power Electronics Corporation ("SLPE"), to AEI US Subsidiary LLC, a subsidiary of Advanced Energy Industries, Inc. for a sales price of $144,500, consisting entirely of cash, subject to customary closing net working capital adjustments. SLPE designed, manufactured, and marketed power conversion solutions for original equipment manufacturers in the medical, lighting, audio-visual, controls, and industrial sectors and comprised the Company’s Electrical Products business in the Diversified Industrial segment. SLPE recognized net sales of $14,686 and a loss before taxes of $120 for the three months ended March 31, 2022.

Loans Receivable, Including Loa

Loans Receivable, Including Loans Held For Sale	3 Months Ended
Loans Receivable, Including Loans Held For Sale	Mar. 31, 2023
Receivables [Abstract]
Loans Receivable, Including Loans Held For Sale	LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE Major classifications of Loans receivable, including loans held for sale, held by WebBank as of March 31, 2023 and December 31, 2022 are as follows: Total Current Non-current March 31, 2023 % December 31, 2022 % March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Loans held for sale $ 694,993 $ 602,675 $ 694,993 $ 602,675 $ — $ — Commercial real estate loans $ 1,270 — % $ 987 — % $ — $ — $ 1,270 $ 987 Commercial and industrial 1,020,600 89 % 857,817 87 % 544,523 472,934 476,077 384,883 Consumer loans 129,575 11 % 123,204 13 % 111,350 85,826 18,225 37,378 Total loans 1,151,445 100 % 982,008 100 % 655,873 558,760 495,572 423,248 Less: Allowance for credit losses (36,693) (29,690) (36,693) (29,690) — — Total loans receivable, net $ 1,114,752 $ 952,318 619,180 529,070 495,572 423,248 Loans receivable, including loans held for sale (a) $ 1,314,173 $ 1,131,745 $ 495,572 $ 423,248 (a) The amortized cost of loans receivable, including loans held for sale, is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $1,808,971 and $1,548,035 as of March 31, 2023 and December 31, 2022, respectively. Loans with an amortized cost of approximately $438,244 and $323,740 were pledged as collateral for potential borrowings as of March 31, 2023 and December 31, 2022, respectively. WebBank serviced $1,901 and $2,700 in loans for others as of March 31, 2023 and December 31, 2022, respectively. WebBank sold loans classified as loans held for sale of $4,275,373 and $3,006,100 during the three months ended March 31, 2023 and 2022, respectively. The sold loans were derecognized from the consolidated balance sheets. Loans classified as loans held for sale primarily consist of consumer and small business loans. Amounts added to loans held for sale during the same periods were $4,388,701 and $3,072,573, respectively. WebBank's ACL increased $7,003, or 23.6%, during the three months ended March 31, 2023. WebBank continues to monitor the impact of the current economic environment, including potential future negative impacts to its loan portfolio. Changes in the ACL are summarized as follows: Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2022 $ 28 $ 18,493 $ 11,169 $ 29,690 Impact of adopting current expected credit loss accounting guidance 1 1,144 3,597 4,742 Charge-offs — (3,493) (2,539) (6,032) Recoveries 5 328 154 487 Provision 7 5,156 2,643 7,806 March 31, 2023 $ 41 $ 21,628 $ 15,024 $ 36,693 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2021 $ 23 $ 9,205 $ 4,697 $ 13,925 Charge-offs — (947) (1,273) (2,220) Recoveries 7 415 407 829 (Benefit) Provision (5) 648 639 1,282 March 31, 2022 $ 25 $ 9,321 $ 4,470 $ 13,816 The ACL and outstanding loan balances are summarized as follows: March 31, 2023 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for credit losses: Individually evaluated for impairment $ 8 $ 876 $ — $ 884 Collectively evaluated for impairment 33 20,752 15,024 35,809 Total $ 41 $ 21,628 $ 15,024 $ 36,693 Outstanding loan balances: Individually evaluated for impairment $ 8 $ 4,171 $ — $ 4,179 Collectively evaluated for impairment 1,262 1,016,429 129,575 1,147,266 Total $ 1,270 $ 1,020,600 $ 129,575 $ 1,151,445 December 31, 2022 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ 8 $ 825 $ — $ 833 Collectively evaluated for impairment 20 17,668 11,169 28,857 Total $ 28 $ 18,493 $ 11,169 $ 29,690 Outstanding loan balances: Individually evaluated for impairment $ 8 $ 4,357 $ — $ 4,365 Collectively evaluated for impairment 979 853,460 123,204 977,643 Total $ 987 $ 857,817 $ 123,204 $ 982,008 Nonaccrual and Past Due Loans Commercial and industrial loans past due 90 days or more and still accruing interest were $10,620 and $11,260 at March 31, 2023 and December 31, 2022, respectively. Consumer loans past due 90 days or more and still accruing interest were $5,170 and $4,680 at March 31, 2023 and December 31, 2022, respectively. The Company had nonaccrual loans of $788 at March 31, 2023 and December 31, 2022. Past due loans (accruing and nonaccruing) are summarized as follows: March 31, 2023 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 1,270 $ — $ — $ — $ 1,270 $ — $ — Commercial and industrial 997,380 12,600 10,620 23,220 1,020,600 10,620 788 Consumer loans 120,565 3,840 5,170 9,010 129,575 5,170 — Total loans $ 1,119,215 $ 16,440 $ 15,790 $ 32,230 $ 1,151,445 $ 15,790 $ 788 December 31, 2022 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 987 $ — $ — $ — $ 987 $ — $ — Commercial and industrial 832,757 13,800 11,260 25,060 857,817 11,260 788 Consumer loans 115,054 3,470 4,680 8,150 123,204 4,680 — Total loans $ 948,798 $ 17,270 $ 15,940 $ 33,210 $ 982,008 $ 15,940 $ 788 (a) Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected. Credit Quality Indicators In addition to the past due and nonaccrual criteria, loans are analyzed using a loan grading system. Generally, internal grades are assigned to commercial loans based on the performance of the loans, financial/statistical models and loan officer judgment. For consumer loans and some commercial and industrial loans, the primary credit quality indicator is payment status. Reviews and grading of loans with unpaid principal balances of $100 or more is performed once per year. Grades follow definitions of Pass, Special Mention, Substandard and Doubtful, which are consistent with published definitions of regulatory risk classifications. The definitions of Pass, Special Mention, Substandard and Doubtful are summarized as follows: • Pass : An asset in this category is a higher quality asset and does not fit any of the other categories described below. The likelihood of loss is considered remote. • Special Mention : An asset in this category has a specific weakness or problem but does not currently present a significant risk of loss or default as to any material term of the loan or financing agreement. • Substandard : An asset in this category has a developing or minor weakness or weaknesses that could result in loss or default if deficiencies are not corrected or adverse conditions arise. • Doubtful : An asset in this category has an existing weakness or weaknesses that have developed into a serious risk of significant loss or default with regard to a material term of the financing agreement. Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows: March 31, 2023 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 1,262 $ — $ 8 $ — $ 1,270 Commercial and industrial 623,651 392,778 — 3,383 788 1,020,600 Consumer loans 129,575 — — — — 129,575 Total loans $ 753,226 $ 394,040 $ — $ 3,391 $ 788 $ 1,151,445 December 31, 2022 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 979 $ — $ 8 $ — $ 987 Commercial and industrial 566,419 287,041 — 3,569 788 857,817 Consumer loans 123,204 — — — — 123,204 Total loans $ 689,623 $ 288,020 $ — $ 3,577 $ 788 $ 982,008 During the three months ended March 31, 2023, WebBank did not issue new loans under the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") authorized under the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. The existing loans were funded by the PPP Liquidity Facility, have terms of between two and five years, and their repayment is guaranteed by the SBA. Payments by borrowers on the loans can begin up to 16 months after the note date, and interest will continue to accrue during the 16-month deferment at 1%. Loans can be forgiven in whole or in part (up to full principal and any accrued interest) if certain criteria are met. Loan processing fees paid to WebBank from the SBA are accounted for as loan origination fees. Net deferred fees are recognized over the life of the loan as yield adjustments on the loans. If a loan is paid off or forgiven by the SBA prior to its maturity date, the remaining unamortized deferred fees will be recognized in interest income at that time. The PPP loans are included in Commercial and industrial loans in the table above. As of March 31, 2023, the total PPP loans and associated liabilities were $36,013 and $31,692, respectively, and included in Long-term loans receivable, net, and Other borrowings, respectively, in the consolidated balance sheet as of March 31, 2023. As of December 31, 2022, the total PPP loans and associated liabilities were $48,656 and $41,682, respectively, and included in Long-term loans receivable, net, and Other borrowings, respectively, in the consolidated balance sheet as of December 31, 2022. Upon borrower forgiveness, the SBA pays WebBank for the principal and accrued interest owed on the loan. WebBank has received forgiveness payments from the SBA and received payments from borrowers of $12,672 during the three months ended March 31, 2023. The Company is offering loan modifications to assist borrowers during the COVID-19 pandemic. The CARES Act along with the interagency statement issued by the federal banking agencies provides that loan modifications made in response to COVID-19 do not need to be accounted for as a troubled debt restructuring ("TDR"). Accordingly, the Company does not account for such loan modifications as TDRs. The Company's loan modifications allow for payment deferrals, payment reduction, and settlements amongst others. As of March 31, 2023, the Company had granted loan modifications on $2,122 of loans. The loan modification program is ongoing and additional loans continue to be granted modifications. The Company granted approximately 4,554 short–term deferments on loan balances of $2,122, which represent 0.18% of total loan balances as of March 31, 2023. These loan modifications are not classified as TDRs and will not be reported as past due provided that they are performing in accordance with the modified terms.

Inventories, Net

Inventories, Net	3 Months Ended
Inventories, Net	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventories, Net	A summary of Inventories, net is as follows: March 31, 2023 December 31, 2022 Finished products $ 60,220 $ 57,487 In-process 43,860 39,300 Raw materials 78,028 79,008 Fine and fabricated precious metal in various stages of completion 39,280 39,104 221,388 214,899 LIFO reserve (477) (815) Total $ 220,911 $ 214,084 Fine and Fabricated Precious Metal Inventory In order to produce certain of its products, the Company purchases, maintains and utilizes precious metal inventory. The Company records certain precious metal inven tory at the lower of last-in-first-out ("LIFO") cost or market value, with any adjustments recorded through Cost of goods sold. Remaining precious metal inventory is accounted for primarily at fair value. The Company obtains certain precious metals under a fee consignment agreement. As of March 31, 2023 and December 31, 2022, the Company had approximately $30,068 and $29,381, respectively, of precious metals, principally silver, under consignment, which are recorded at fair value in Inventories, net with a corresponding liability for the same amount recorded in Accounts payable on the Company's consolidated balance sheets. Fees charged under the consignment agreement are recorded in Interest expense in the Company's consolidated statements of operations. March 31, 2023 December 31, 2022 Supplemental inventory information: Precious metals stated at LIFO cost $ 4,101 $ 6,678 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 34,702 $ 31,611 Market value per ounce: Silver $ 24.09 $ 23.91 Gold $ 1,974.79 $ 1,824.52 Platinum $ 999.40 $ 1,073.91 Palladium $ 1,476.80 $ 1,799.36

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	3 Months Ended
Goodwill and Other Intangible Assets, Net	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	A summary of the change in the carrying amount of goodwill by reportable segment is as follows: Diversified Industrial Energy Financial Services Corporate and Other Total Balance as of December 31, 2022 Gross goodwill $ 155,183 $ 67,143 $ 9,474 $ 81 $ 231,881 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill 113,905 2,353 9,474 81 125,813 Currency translation adjustments 97 — — — 97 Balance as of March 31, 2023 Gross goodwill 155,280 67,143 9,474 81 231,978 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill $ 114,002 $ 2,353 $ 9,474 $ 81 $ 125,910 A summary of Other intangible assets, net is as follows: March 31, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 191,682 $ 134,843 $ 56,839 $ 191,508 $ 132,246 $ 59,262 Trademarks, trade names and brand names 46,645 22,179 24,466 46,601 21,755 24,846 Developed technology, patents and patent applications 32,868 23,733 9,135 32,762 23,276 9,486 Other 16,660 15,730 930 16,657 15,468 1,189 Total $ 287,855 $ 196,485 $ 91,370 $ 287,528 $ 192,745 $ 94,783 Trademarks with indefinite lives as of March 31, 2023 and December 31, 2022 were $11,694 and $11,680, respectively. Amortization expense related to intangible assets was $3,588 and $4,264 for the three months ended March 31, 2023 and 2022. Based on gross carrying amounts at March 31, 2023, the Company's estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2023 through 2027 is presented in the table below. Year Ending December 31, 2023 2024 2025 2026 2027 Estimated amortization expense 14,034 13,481 12,200 10,206 9,422

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	The following table summarizes the Company's long-term investments as of March 31, 2023 and December 31, 2022. Ownership % Long-Term Investments Balance March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Aerojet Rocketdyne Holdings, Inc. (a) 4.5 % 4.5 % 202,141 $ 201,278 Steel Connect, Inc. ("STCN") convertible notes (b) 13,563 14,521 STCN preferred stock (c) 35,000 35,000 STCN common stock 29.9 % 30.0 % 20,727 26,000 PCS-Mosaic (d) 59.0 % 59.0 % 23,323 23,323 Other long-term investments 11,206 9,575 Total $ 305,960 $ 309,697 (a) Gross unrealized gains for Aerojet Rocketdyne Holdings, Inc. ("Aerojet") totaled $192,559 and $145,881 at March 31, 2023 and 2022, respectively. Refer to Note 20, Subsequent Events , for discussion of the transfer and exchange by the Company of Aerojet shares with Steel Connect, Inc. (b) Represents investment in STCN convertible notes, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The Company entered into a convertible note with STCN ("STCN Note") on February 28, 2019, which was to mature on March 1, 2024. On March 9, 2023, the Company and Steel Connect entered into an amendment to the STCN Note. Pursuant to the amendment, the maturity date of the STCN Note was extended six months to September 1, 2024. In addition, STCN repaid $1,000 in principal amount of the STCN Note and will be required to repay an additional $1,000 principal amount of the convertible note on the three month anniversary of the amendment. In connection with the amendment, STCN paid the Company a cash amendment fee of $150. The cost basis of the STCN Note totaled $13,940 as of March 31, 2023 and $14,943 as of December 31, 2022. The STCN Note is convertible into shares of STCN's common stock at an initial conversion rate of 421.2655 shares of common stock per $1,000 principal amount of the STCN Note (which is equivalent to an initial conversion price of approximately $2.37 per share), subject to adjustment upon the occurrence of certain events. The STCN Note, if converted as of March 31, 2023, when combined with STCN common and preferred shares, also if converted, owned by the Company, would result in the Company having a direct interest of approximately 49.6% of STCN's outstanding shares. (c) Represents investment in shares of STCN preferred stock, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The investment in STCN preferred stock had a cost basis of $35,688 at March 31, 2023 and December 31, 2022. Each share of preferred stock can be converted into shares of STCN's common stock at an initial conversion price equal to $1.96 per share, subject to adjustment upon the occurrence of certain events. (d) Represents the Company's investment in PCS-Mosaic as described in Note 3 - "Acquisition and Divestitures". The Income (loss) of associated companies, net of taxes, for the three months ended March 31, 2023 and 2022, respectively, are as follows: Three Months Ended 2023 2022 STCN convertible notes $ (32) $ 367 STCN preferred stock — 400 STCN common stock 3,999 3,876 Total $ 3,967 $ 4,643 The amounts of unrealized gains (losses) for the three months ended March 31, 2023 and 2022 that relate to equity securities still held as of March 31, 2023 and 2022, respectively, are as follows: Three Months Ended 2023 2022 Net gains (losses) recognized during the period on equity securities $ 607 $ (27,726) Less: Net losses recognized during the period on equity securities sold during the period (3) — Unrealized gains (losses) recognized during the period on equity securities still held at the end of the period $ 610 $ (27,726) Equity Method Investments The Company's investments in associated companies include STCN and PCS-Mosaic, which are accounted for under the equity method of accounting. Beginning May 1, 2023, STCN will be consolidated by the Company. Refer to Note 20 - "Subsequent Events" for further details of the exchange transactions between the Company and STCN. PCS-Mosaic is carried at cost, plus or minus the Company’s share of net earnings or losses of the investment. Associated companies are included in the Corporate and Other segment. Certain associated companies have a fiscal year end that differs from December 31. Additional information for SPLP's significant investments in associated companies is as follows: • STCN is a publicly-traded holding company, whose wholly-owned subsidiary, ModusLink Corporation, serves the supply chain management market. • PCS-Mosaic is a private investment fund primarily invested in specialized software development and training services. Other Investments WebBank has held-to-maturity ("HTM") debt securities which are carried at amortized cost and included in Other non-current assets on the Company's consolidated balance sheets. The amount and contractual maturities of HTM debt securities are noted in the tables below. Actual maturities may differ from expected or contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. The securities are collateralized by unsecured consumer loans. March 31, 2023 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 144,013 $ 376 $ 144,389 $ 144,013 Contractual maturities within: One year to five years 137,225 Five years to ten years 5,147 After ten years 1,641 Total $ 144,013 December 31, 2022 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 176,719 $ 146 $ 176,865 $ 176,719 Contractual maturities within: One year to five years 169,783 Five years to ten years 5,281 After ten years 1,655 Total $ 176,719 WebBank regularly evaluates each HTM debt security whose value has declined below amortized cost to assess whether the decline in fair value is other-than-temporary. If there is an other-than-temporary impairment in the fair value of any individual security classified as HTM, WebBank writes down the security to fair value with a corresponding credit loss portion charged to earnings, and the corresponding non-credit portion charged to accumulated other comprehensive income.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below: March 31, 2023 December 31, 2022 Short term debt: Foreign $ 987 $ 685 Short-term debt 987 685 Long-term debt: Credit Agreement 181,300 178,650 Other debt - domestic 972 989 Subtotal 182,272 179,639 Less: portion due within one year 67 67 Long-term debt 182,205 179,572 Total debt $ 183,259 $ 180,324 Long-term debt as of March 31, 2023 matures in each of the next five years as follows: Total 2023 2024 2025 2026 2027 Thereafter Long-term debt (a) $ 182,272 $ 67 $ 67 $ 67 $ 181,367 $ 704 $ — As of March 31, 2023, the Company's senior credit agreement, as amended and restated ("Credit Agreement") covers substantially all of the Company's subsidiaries, with the exception of WebBank, and provides for a senior secured revolving credit facility in an aggregate principal amount not to exceed $600,000 (the "Revolving Credit Loans"), which includes a $50,000 subfacility for swing line loans, a $50,000 subfacility for standby letters of credit and a foreign currency sublimit (available in euros and pounds sterling) equal to the lesser of $75,000 and the total amount of the Revolving Credit Commitment. The Credit Agreement permits, under certain circumstances, to increase the aggregate principal amount of revolving credit commitments under the Credit Agreement by $300,000 plus additional amounts so long as the Leverage Ratio would not exceed 3.50:1. Borrowings bear interest, at annual rates of either Base Rate, SOFR Rate or Term RFR, at the borrowers’ option, plus an applicable margin, as set forth in the Credit Agreement. As of March 31, 2023, the Credit Agreement also provides for a commitment fee of 0.150% to be paid on unused borrowings. The Credit Agreement contains financial covenants, including: (i) a Leverage Ratio not to exceed 4.25 to 1.00 for quarterly periods as of the end of each fiscal quarter; provided, however, that notwithstanding the foregoing, following a Material Acquisition, Borrowers shall not permit the Leverage Ratio, calculated as of the end of each of the four (4) fiscal quarters immediately following such Material Acquisition (which, for the avoidance of doubt, shall commence with the fiscal quarter in which such Material Acquisition is consummated), to exceed 4.50 to 1.00 and (ii) an Interest Coverage Ratio, calculated as of the end of each fiscal quarter, not less than 3.00 to 1.00. The Credit Agreement also contains standard representations, warranties and covenants for a transaction of this nature, including, among other things, covenants relating to: (i) financial reporting and notification; (ii) payment of obligations; (iii) compliance with law; (iv) maintenance of insurance; and (v) maintenance of properties. As of March 31, 2023 the Company was in compliance with all financial covenants under the Credit Agreement. The Company believes it will remain in compliance with the Credit Agreements covenants for the next twelve months. The Credit Agreement will expire on December 29, 2026. The weighted average interest rate on the Credit Agreement was 6.12% at March 31, 2023. As of March 31, 2023, letters of credit totaling $10,448 had been issued under the Credit Agreement. The primary use of the Company's letters of credit are to support the performance and financial obligations for environmental matters, insurance programs and real estate leases. The Credit Agreement permits the Company to borrow for the dividends on its preferred units, pension contributions, investments, acquisitions and other general corporate expenses. Based on financial results as of March 31, 2023, the Company's total availability under the Credit Agreement, which is based upon Consolidated Adjusted EBITDA and certain covenants as described in the Credit Agreement, was approximately $408,300 as of March 31, 2023.

Financial Instruments

Financial Instruments	3 Months Ended
Financial Instruments	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	WebBank - Economic Interests in Loans WebBank's derivative financial instruments represent on-going economic interests in loans made after they are sold. These derivatives are carried at fair value on a gross basis in Other non-current assets on the Company's consolidated balance sheets and are classified within Level 3 in the fair value hierarchy (see Note 14 - "Fair Value Measurements"). As of March 31, 2023, outstanding derivatives mature withi n three Gains and losses resulting from changes in the fair value of derivative instruments are accounted for in the Company's consolidated statements of operations in Financial Services revenue. Fair value represents the estimated amounts that WebBank would receive or pay to terminate the contracts at the reporting date based on a discounted cash flow model for the same or similar instruments. WebBank does not enter into derivative contracts for speculative or trading purposes. Precious Metal and Commodity Inventories As of March 31, 2023, the Company had the following outstanding forward contracts with settlement dates through Apri l 2023. There were no futures contracts o utstanding as of March 31, 2023. Commodity Amount (in whole units) Notional Value Silver 74,693 ounces $ 1,713 Gold 19 ounces $ 38 Palladium 1,177 ounces $ 1,678 Platinum 16 ounces $ 16 Copper 216,000 pounds $ 740 Tin 20 metric tons $ 408 Fair Value Hedges. Certain forward contracts are accounted for as fair value hedges under ASC 815 for the Company's precious metal inventory carried at fair value. These contracts hedge 74,481 ounces (in whole units) of silver and a majority of the Company's pounds of copper. The fair values of these derivatives are recognized as derivative assets and liabilities on the Company's consolidated balance sheets. The net changes in fair value of the derivative assets and liabilities, and the changes in the fair value of the underlying hedged inventory, are recognized in the Company's consolidated statements of operations, and such amounts principally offset each other due to the effectiveness of the hedges. Economic Hedges. The remaining outstanding forward contracts for silver, and all the contracts for gold, palladium and tin, are accounted for as economic hedges. As these derivatives are not designated as accounting hedges under ASC 815, they are accounted for as derivatives with no hedge designation. The derivatives are marked to market with gains and losses recorded in earnings in the Company's consolidated statements of operations. The economic hedges are associated primarily with the Company's precious metal inventory valued using the LIFO method. The forward contracts were made with a counterparty rated Aa2 by Moody's. Accordingly, management evaluated counterparty risk and believes that there is minimal credit risk of default. The Company estimates the fair value of its derivative contracts based on the counterparty's statement. The Company maintains collateral on account with the third-party broker which varies in amount depending on the value of open contracts and the current market price. The fair value and carrying amount of derivative instruments on the Company's consolidated balance sheets are as follows: Fair Value of Derivative Assets (Liabilities) March 31, 2023 December 31, 2022 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as ASC 815 hedges Commodity contracts Accrued liabilities $ (218) Accrued liabilities $ (70) Derivatives not designated as ASC 815 hedges Commodity contracts Accrued liabilities $ (161) Accrued liabilities $ (177) Economic interests in loans Other non-current assets $ 4,980 Other non-current assets $ 5,728 The effects of fair value hedge accounting on the consolidated statements of operations for the three months ended March 31, 2023 and 2022 are not material. The effects of derivatives not designated as ASC 815 hedging instruments on the consolidated statements of operations for the three months ended March 31, 2023 and 2022 are as follows: Derivatives Not Designated as Hedging Instruments: Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income Three Months Ended 2023 2022 Commodity contracts Other (expense) income, net 544 $ (994) Economic interests in loans Financial Services revenue 1,260 1,030 Total $ 1,804 $ 36 Financial Instruments with Off-Balance Sheet Risk WebBank is a party to financial instruments with off-balance sheet risk. In the normal course of business, these financial instruments include commitments to extend credit in the form of loans as part of WebBank's lending arrangements. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized on the consolidated balance sheets. The contractual amounts of those instruments reflect the extent of involvement WebBank has in particular classes of financial instruments. As of March 31, 2023 and December 31, 2022, WebBank's undisbursed loan commitments totaled $628,127 and $606,537, respectively. Commitments to extend credit are agreements to lend to a borrower who meets the lending criteria through one of WebBank's lending agreements, provided there is no violation of any condition established in the contract with the counterparty to the lending arrangement. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since certain of the commitments are expected to expire without the credit being extended, the total commitment amounts do not necessarily represent future cash requirements. WebBank evaluates each prospective borrower's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by WebBank upon extension of credit, is based on management's credit evaluation of the borrower and WebBank's counterparty. WebBank's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. WebBank uses the same credit policy in making commitments and conditional obligations as it does for on balance sheet instruments.

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefits	3 Months Ended
Pension and Other Post-Retirement Benefits	Mar. 31, 2023
Retirement Benefits [Abstract]
Pension and Other Post-Retirement Benefits	The Company maintains several qualified and non-qualified pension plans and other post-retirement benefit plans. The following table presents the components of pension (income) expense for the Company's significant pension plans. The Company's other pension and post-retirement benefit plans are not significant individually or in the aggregate. Three Months Ended 2023 2022 Interest cost $ 4,538 $ 2,382 Expected return on plan assets (4,467) (6,336) Amortization of actuarial loss 2,882 2,128 Total net pension expense (income) $ 2,953 $ (1,826)

Capital and Accumulated Other C

Capital and Accumulated Other Comprehensive Loss	3 Months Ended
Capital and Accumulated Other Comprehensive Loss	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Capital and Accumulated Other Comprehensive Loss	As of March 31, 2023, the Company had 21,667,031 Class A units (regular common units) outstanding. Common Unit Repurchase Program The Board of Directors of SPH GP, the general partner of SPLP (the "Board of SPH GP") has approved the repurchase of up to an aggregate of 7,770,240 of the Company's common units (the "Repurchase Program"). The Repurchase Program, which was announced on December 7, 2016, supersedes and cancels, to the extent any amounts remain available, all previously approved repurchase programs. Any purchases made under the Repurchase Program will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. In connection with the Repurchase Program, the Company may enter into a stock purchase plan. The Repurchase Program has no termination date. During the three months ended March 31, 2023, the Company repurchased 75,504 common units for an aggregate purchase price of $3,248. From the inception of the Repurchase Program the Company has purchased 7,421,496 common units for an aggregate price of approximately $147,606. As of March 31, 2023, there remained 348,744 common units that may yet be purchased under the Repurchase Program. In April 2023, the Company repurchased 720 common units for $30. On May 4, 2023, the Board of SPH GP approved an increase of 1,000,000 common units to the Repurchase Program. Incentive Award Plan The Company's 2018 Incentive Award Plan (the "2018 Plan") provides equity-based compensation through the grant of options to purchase the Company's limited partnership units, unit appreciation rights, restricted units, phantom units, substitute awards, performance awards, other unit-based awards, and includes, as appropriate, any tandem distribution equivalent rights granted with respect to an award (collectively, "LP Units"). On May 18, 2020, the Company's unitholders approved the Amended and Restated 2018 Incentive Award Plan, which increased the number of LP Units issuable under the 2018 Plan by 500,000 to a total of 1,000,000 LP Units. On June 9, 2021, the Company's unitholders approved the Second Amended and Restated 2018 Incentive Award Plan ("Second A&R 2018 Plan"), which increased the number of LP Units issuable under the 2018 Plan by 1,000,000 to a total of 2,000,000 LP Units. The Company granted 800 restricted units under the Second A&R 2018 Plan during the three months ended March 31, 2023. Such LP Units were valued based upon the market value of the Company's LP Units on the date of grant, and collectively represent approximately $34 of unearned compensation that will be recognized as expense ratably over the vesting period of the units. The grant has a cliff vesting period over two years from the date of grant. Preferred Units The Company's 6.0% Series A preferred units, no par value (the "SPLP Preferred Units") entitle the holders to a cumulative quarterly cash or in-kind (or a combination thereof) distribution. The Company declared cash distributions of approximately $2,408 to preferred unitholders for both the three months ended March 31, 2023 and 2022, respectively. The SPLP Preferred Units have a term of nine years, ending February 2026, and are redeemable at any time at the Company's option at a $25 liquidation value per unit, plus any accrued and unpaid distributions (payable in cash or SPLP common units, or a combination of both, at the Company's discretion). If redeemed in common units, the number of common units to be issued will be equal to the liquidation value per unit divided by the volume weighted-average price of the common units for 60 days prior to the redemption. The SPLP Preferred Units have no voting rights, except that holders of the preferred units have certain voting rights in limited circumstances relating to the election of directors following the failure to pay six quarterly distributions. The SPLP Preferred Units are recorded as non-current liabilities, including accrued interest expense, on the Company's consolidated balance sheet as of March 31, 2023 and December 31, 2022 because they have an unconditional obligation to be redeemed for cash or by issuing a variable number of SPLP common units for a monetary value that is fixed and known at inception. Because the SPLP Preferred Units are classified as liabilities, distributions thereon are recorded as a component of Interest expense in the Company's consolidated statements of operations. As of March 31, 2023 and December 31, 2022, there were 6,422,128 SPLP Preferred Units outstanding. On May 4, 2023, the Board of SPH GP declared a regular quarterly cash distribution of $0.375 per unit, payable June 15, 2023, to unitholders of record as of June 1, 2023, on its SPLP Preferred Units. Accumulated Other Comprehensive Loss Changes, net of tax, where applicable, in AOCI are as follows: Unrealized loss on available-for-sale debt securities Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2022 $ (92) $ (17,113) $ (134,669) $ (151,874) Net other comprehensive income attributable to common unitholders — 1,093 — 1,093 Balance at March 31, 2023 $ (92) $ (16,020) $ (134,669) $ (150,781) Unrealized loss on available-for-sale securities Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2021 $ (92) $ (13,961) $ (117,750) $ (131,803) Net other comprehensive loss attributable to common unitholders — (459) — (459) Balance at March 31, 2022 $ (92) $ (14,420) $ (117,750) $ (132,262) Incentive Unit Awards In 2012, SPLP issued to the Manager partnership profits interests in the form of Incentive Units which entitle the holder generally to share in 15% of the increase in the equity value of the Company, based on the volume weighted average price of the Company’s common units for the 20 trading days prior to the year-end measurement date. In 2015, the Manager assigned its rights to Incentive Units to a related party, SPH SPV-I LLC ("SPH SPV-I") pursuant to an Incentive Unit Agreement. Vesting in Incentive Units is measured annually on the last day of the Company’s fiscal year and is based upon exceeding a baseline equity value per common unit which is currently $41.82 and was determined when the most recent award vested on December 31, 2022. The number of outstanding Incentive Units is equal to 100% of the common units outstanding, including common units held by non-wholly-owned subsidiaries. The measurement date equity value per common unit is determined by calculating the volume weighted average price of the Company’s common units for 20 trading days prior to a measurement date. If an Incentive Unit award vests as of an annual measurement date they will be issued as Class C units. Upon vesting in Incentive Units, the baseline equity value will be recalculated as the new baseline equity value to be assessed at the next annual measurement date. If the baseline equity value is not exceeded as of an annual measurement date, then no portion of annual Incentive Units will be classified as Class C common units for that year and the baseline equity value per common unit will be the same amount as determined upon the prior vesting. The Class C units have the same rights as the LP Units, including, without limitation, with respect to partnership distributions and allocations of income, gain, loss and deduction, in all respects, except that liquidating distributions made by the Company to such holder may not exceed the amount of its capital account allocable to such Class C units and such Class C units may not be sold in the public market, until they have converted into LP Units. At such time that the amount of the capital account allocable to a Class C unit is equal to the amount of the capital account allocable to an LP Unit, such Class C unit shall convert automatically into an LP Unit. As of the annual measurement date on December 31, 2022, 200,253 Incentive Units vested as the Company’s volume weighted average price exceeded the then baseline equity value of $39.26, and upon vesting, were classified as Class C units. On March 21, 2023, the Company issued the 200,253 Class C common units to SPH SPV-I, which SPH SPV-I earned based on the Company’s performance in 2022. If March 31, 2023, were the annual measurement date, then approximately 88,365 Incentive Units would vest and be issued as Class C common units based upon the volume weighted-average price of the Company's common units for 20 trading days prior to March 31, 2023. However, pursuant to the terms to the Incentive Unit Agreement, vesting of the Incentive Units only occurs based on the value of the Company’s common units at the annual measurement date on December 31, 2023, and therefore, more, fewer or no Incentive Units may vest for 2023.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	The Company recorded income tax provisions of $14,604 and $7,609 for the three months ended March 31, 2023 and 2022, respectively. The Company's tax provision represents the income tax expense or benefit of its consolidated subsidiaries that are taxable entities. Significant differences between the statutory rate and the effective tax rate include partnership losses for which no tax benefit is recognized, tax expense related to unrealized gains and losses on investment, changes in deferred tax valuation allowances and other permanent differences. The Company's consolidated subsidiaries have recorded deferred tax valuation allowances to the extent that they believe it is more likely than not that the benefits of certain deferred tax assets will not be realized in future periods. On August 16, 2022, the Inflation Reduction Act of 2022 ("IRA") was signed into law which includes implementation of a new 15% corporate alternative minimum tax, a one percent excise tax on share repurchases, and tax incentives for energy and climate initiatives. These provisions are effective beginning January 1, 2023. The Company currently anticipates no material impact to our financial results, financial position and cash flows.

Net Income Per Common Unit

Net Income Per Common Unit	3 Months Ended
Net Income Per Common Unit	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Income Per Common Unit	NET INCOME PER COMMON UNIT The following data was used in computing net income per common unit shown in the Company's consolidated statements of operations: Three Months Ended 2023 2022 Net income $ 24,803 $ 4,541 Net loss attributable to noncontrolling interests in consolidated entities 43 24 Net income attributable to common unitholders 24,846 4,565 Effect of dilutive securities: Interest expense from SPLP Preferred Units (a) 3,069 — Net income attributable to common unitholders – assuming dilution $ 27,915 $ 4,565 Net income per common unit – basic Net income attributable to common unitholders $ 1.15 $ 0.21 Net income per common unit – diluted Net income attributable to common unitholders $ 1.09 $ 0.20 Denominator for net income per common unit – basic 21,685,794 22,209,071 Effect of dilutive securities: Incentive Units 88,365 254,013 Unvested restricted common units 15,756 179,932 SPLP Preferred Units 3,751,331 — Denominator for net income per common unit – diluted (b) 25,541,246 22,643,016 (a) Assumes the SPLP Preferred Units were redeemed in common units as described in Note 11 - "Capital and Accumulated Other Comprehensive Loss." (b) For the three months ended March 31, 2022 ,

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Financial assets and liabilities measured at fair value on a recurring basis in the Company's consolidated financial statements as of March 31, 2023 and December 31, 2022 are summarized by type of inputs applicable to the fair value measurements as follows: March 31, 2023 Level 1 Level 2 Level 3 Total Assets: Long-term investments (a) 231,260 — 51,377 282,637 Precious metal and commodity inventories recorded at fair value 36,696 — — 36,696 Economic interests in loans (b) — — 4,980 4,980 Warrants (c) — — 3,564 3,564 Total $ 267,956 $ — $ 59,921 $ 327,877 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 379 $ — $ 379 Other precious metal liabilities $ 31,041 $ — $ — $ 31,041 Total $ 31,041 $ 379 $ — $ 31,420 December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Long-term investments (a) $ 234,039 $ — $ 52,336 $ 286,375 Precious metal and commodity inventories recorded at fair value 32,896 — — 32,896 Economic interests in loans (b) — — 5,728 5,728 Warrants (c) — — 3,564 3,564 Total $ 266,935 $ — $ 61,628 $ 328,563 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 247 $ — $ 247 Other precious metal liabilities 30,115 — — 30,115 Total $ 30,115 $ 247 $ — $ 30,362 (a) For additional detail of the long-term investments see Note 7 – "Investments." The investment in PCS-Mosaic of $23,323 is not included in the fair value leveling tables as it is valued at cost. (b) For additional detail of the economic interests in loans see Note 9 – "Financial Instruments". (c) Included within Other non-current assets in the consolidated balance sheets. There were no transfers of securities among the various measurement input levels during the three months ended March 31, 2023 or 2022. Level 1 inputs are quoted prices in active markets for identical assets or liabilities as of the measurement date ("Level 1"). Level 2 inputs may include quoted prices in active markets for similar assets or liabilities, quoted prices in a market that is not active for identical assets or liabilities, or other inputs that can be corroborated by observable market data ("Level 2"). Level 3 inputs are unobservable for the asset or liability when there is little, if any, market activity for the asset or liability. Level 3 inputs are based on the best information available and may include data developed by the Company ("Level 3"). The fair value of the Company's financial instruments, such as cash and cash equivalents, trade and other receivables and accounts payable, approximates carrying value due to the short-term maturities of these assets and liabilities. Carrying cost approximates fair value for long-term debt, which has variable interest rates. The precious metal and commodity inventories associated with the Company's fair value hedges (see Note 9 - "Financial Instruments") are reported at fair value. Fair values of these inventories are based on quoted market prices on commodity exchanges and are considered Level 1 measurements. The derivative instruments that the Company purchases in connection with its precious metal and commodity inventories, specifically commodity futures and forward contracts, are also valued at fair value. The futures contracts are Level 1 measurements since they are traded on a commodity exchange. The forward contracts are entered into with a counterparty and are considered Level 2 measurements. Following is a summary of changes in financial assets measured using Level 3 inputs: Long Term Investments (a) Economic Interests in Loans (b) Warrants (b) Total Balance as of December 31, 2022 $ 52,336 $ 5,728 $ 3,564 $ 61,628 Sales and cash collections (1,000) (2,008) — (3,008) Realized gains — 1,260 — 1,260 Unrealized gains 43 — — 43 Unrealized losses (2) — — (2) Balance as of March 31, 2023 $ 51,377 $ 4,980 $ 3,564 $ 59,921 Balance as of December 31, 2021 $ 50,085 $ 6,483 $ 6,929 $ 63,497 Sales and cash collections — (1,731) — (1,731) Realized gains — 1,030 704 1,734 Unrealized losses (764) — — (764) Balance as of March 31, 2022 $ 49,321 $ 5,782 $ 7,633 $ 62,736 (a) Unrealized gains and losses are recorded in (Income) loss of associated companies, net of taxes in the consolidated statements of operations. (b) Realized and unrealized gains and losses are recorded in Realized and unrealized (gains) losses on securities, net or Financial services revenue in the consolidated statements of operations. Long-Term Investments - Valuation Techniques The Company estimates the value of its investment in the STCN Note using a Binomial Lattice Model. Key inputs in the valuation include the trading price and volatility of STCN's common stock, the risk-free rate of return, as well as the dividend rate, conversion price, and maturity date. The fair value of the Company’s investment in STCN preferred stock as of March 31, 2023 and December 31, 2022 was its par value because the Company has the right to redeem and the issuer has the right to convert the instrument at the redemption value. Marketable Securities and Other - Valuation Techniques The Company determines the fair value of certain corporate securities and corporate obligations by incorporating and reviewing prices provided by third-party pricing services based on the specific features of the underlying securities. The Company uses the net asset value included in quarterly statements it receives in arrears from a venture capital fund to determine the fair value of such fund and determines the fair value of certain corporate securities and corporate obligations by incorporating and reviewing prices provided by third-party pricing services based on the specific features of the underlying securities. The fair value of the derivatives held by WebBank (see Note 9 - "Financial Instruments") represent the estimated amounts that WebBank would receive or pay to terminate the contracts at the reporting date and is based on discounted cash flow analyses that consider credit, performance and prepayment . Unobservable inputs used in the discounted cash flow analyses are: a constant prepayment rate of 8.94% to 35.70%, a constant default rate of 1.72% to 21.91% and a discount rate of 1.82% to 25.43%. Assets Measured at Fair Value on a Nonrecurring Basis The Company's non-financial assets and liabilities measured at fair value on a non-recurring basis, include goodwill and other intangible assets, any assets and liabilities acquired in a business combination, or its long-lived assets written down to fair value. To measure fair value for such assets and liabilities, the Company uses techniques including an income approach, a market approach and/or appraisals (Level 3 inputs). The income approach is based on a discounted cash flow analysis ("DCF") and calculates the fair value by estimating the after-tax cash flows attributable to an asset or liability and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate. Assumptions used in the DCF require the exercise of significant judgment, including judgment about appropriate discount rates and terminal values, growth rates and the amount and timing of expected future cash flows. The discount rates, which are intended to reflect the risks inherent in future cash flow projections, used in the DCF are based on estimates of the weighted-average cost of capital of a market participant. Such estimates are derived from analysis of peer companies and consider the industry weighted-average return on debt and equity from a market participant perspective. A market approach values a business by considering the prices at which shares of capital stock, or related underlying assets, of reasonably comparable companies are trading in the public market or the transaction price at which similar companies have been acquired. If comparable companies are not available, the market approach is not used.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Environmental and Litigation Matters The Company and certain of the Company's subsidiaries are defendants in certain legal proceedings and environmental investigations and have been designated as potentially responsible parties ("PRPs") by federal and state agencies with respect to certain sites with which they may have had direct or indirect involvement. Most of such legal proceedings and environmental investigations involve unspecified amounts of potential damage claims or awards, are in an initial procedural phase, involve significant uncertainty as to the outcome or involve significant factual issues that need to be resolved, such that it is not possible for the Company to estimate a range of possible loss. For matters that have progressed sufficiently through the investigative process such that the Company is able to reasonably estimate a range of possible loss, an estimated range of possible loss, in excess of the accrued liability (if any) for such matters, is provided. Any estimated range of possible loss is or will be based on currently available information and involves elements of judgment and significant uncertainties and may not represent the Company's maximum possible loss exposure. The circumstances of such legal proceedings and environmental investigations will change from time to time, and actual results may vary significantly from the current estimate. For current proceedings not specifically reported below, management does not anticipate that the liabilities, if any, arising from such legal proceedings and environmental investigations would have a material effect on the financial position, liquidity or results of operations of the Company. The legal proceedings and environmental investigations are in various stages of administrative or judicial proceedings and include demands for recovery of past governmental costs, and for future investigations and remedial actions. In some cases, the dollar amounts of the claims have not been specified and, with respect to a number of the PRP claims, have been asserted against a number of other entities for the same cost recovery or other relief as was asserted against certain of the Company's subsidiaries. The Company accrues liabilities associated with environmental and litigation matters on an undiscounted basis, when they become probable and reasonably estimable. As of March 31, 2023, on a consolidated basis, the Company recorded liabilities of $12,380 and $24,829 in Accrued liabilities and Other non-current liabilities, respectively, on the consolidated balance sheet. As of December 31, 2022, on a consolidated basis, the Company recorded liabilities of $12,692 and $24,765 in Accrued Liabilities and Other non-current liabilities, respectively, on the consolidated balance sheet, which represent the current estimate of environmental remediation liabilities as well as reserves related to the litigation matters discussed below. Expenses relating to these costs, and any recoveries, are included in Selling, general and administrative expenses in the Company's consolidated statements of operations. In addition, the Company believes that it has or may have insurance coverage available for several of these matters. Estimates of the Company's liability for remediation of a particular site and the method and ultimate cost of remediation require a number of assumptions that are inherently difficult to make, and the ultimate outcome may be materially different from current estimates. Environmental Matters Certain subsidiaries of the Company have existing and contingent liabilities relating to environmental matters, including costs of remediation, capital expenditures, and potential fines and penalties relating to possible violations of federal and state environmental laws. Such existing and contingent liabilities are continually being readjusted based upon the emergence of new findings, techniques and alternative remediation methods. Included among these liabilities, certain of the Company's subsidiaries have been identified as PRPs under the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA") or similar state statutes at sites and are parties to administrative consent orders in connection with certain properties. Those subsidiaries may be subject to joint and several liabilities imposed by CERCLA on PRPs. Due to the technical and regulatory complexity of remedial activities and the difficulties attendant in identifying PRPs and allocating or determining liability among them, the subsidiaries are unable to reasonably estimate the ultimate cost of compliance with such laws at some of the sites at which the Company's subsidiaries are PRP's. Based upon information currently available, the Company's subsidiaries do not expect that their respective environmental costs, including the incurrence of additional fines and penalties, if any, will have a material adverse effect on them or that the resolution of these environmental matters will have a material adverse effect on the financial position, results of operations or cash flows of such subsidiaries or the Company, but there can be no such assurances. The Company anticipates that the subsidiaries will pay any such amounts out of their respective working capital, although there is no assurance that they will have sufficient funds to pay them. In the event that a subsidiary is unable to fund its liabilities, claims could be made against its respective parent companies for payment of such liabilities. The sites where certain of the Company's subsidiaries have environmental liabilities include the following: The Company has been working with the Connecticut Department of Energy and Environmental Protection ("CTDEEP") with respect to its obligations under a 1989 consent order that applies to a former manufacturing facility located in Fairfield, Connecticut. An ecological risk assessment of the wetlands portion was submitted in the second quarter of 2016 to the CTDEEP for their review and approval. Company officials continue to meet with CTDEEP representatives to address a final workplan. Additional investigation of the wetlands is expected, pending approval of a mutually acceptable wetlands work plan. An updated work plan to investigate the upland portion of the parcel was prepared by the Company and approved by the CTDEEP in March 2018 and completed during 2019 and 2020. Additional upland investigatory work will be required to fully define the areas requiring remediation and is also dependent upon CTDEEP requirements and approval. Based on currently known information, the Company reasonably estimates that it may incur aggregate losses over a period of multiple years of between $10,500 and $17,500. The Company has a reserve of $14,500 recorded for future remediation costs, which is our best estimate within this range of potential losses. Due to the uncertainties, there can be no assurance that the final resolution of this matter will not be material to the financial position, results of operations or cash flows of the Company. In 1986, a subsidiary of the Company entered into an administrative consent order ("ACO") with the New Jersey Department of Environmental Protection ("NJDEP") to investigate and remediate property in Montvale, New Jersey that it purchased in 1984. The ACO involves investigation and remediation activities to be performed with regard to soil and groundwater contamination. The Company has been actively investigating and remediating the soil and groundwater since that time and has completed the implementation of the improved groundwater treatment system in operation at the property. Pursuant to a settlement agreement with the former owner/operator of the site, the responsibility for site investigation and remediation costs and other related costs are contractually allocated 75% to the former owner/operator and 25% jointly to the Company, all after having the first $1,000 paid by the former owner/operator. Additionally, the Company had been reimbursed indirectly through insurance coverage for a portion of the costs for which it is responsible. There is no assurance that the former owner/operator or guarantors will continue to timely reimburse the Company for expenditures and/or will be financially capable of fulfilling their obligations under the settlement agreement and the guaranties. There is no assurance that there will be any additional insurance reimbursement. A reserve of approximately $900 has been established for the Company's expected 25% share of anticipated costs at this site, which is based upon the recent selection of a final remedy, on-going operations and maintenance, additional investigations and monitored natural attenuation testing over the next 30 years. Also, a reserve and related receivable of approximately $2,700 has been established for the former owner/operator's expected share of anticipated costs at this site. On December 18, 2019, the State of New Jersey ("State") filed a complaint against the Company and other non-affiliated corporations related to former operations at this location. The State is seeking unspecified damages, including reimbursement for all cleanup and removal costs and other damages that the State claims it has incurred, including the lost value of, and reasonable assessment costs for, any natural resource injured as a result of the alleged discharge of hazardous substances and pollutants, as well as attorneys' fees and costs. On March 16, 2020, the Company filed a partial motion to dismiss, resulting in dismissal with prejudice of the State's trespass claim and limiting the damages recoverable through the State's public nuisance claim to monetary relief associated with abatement. On June 11, 2020, the State filed an Amended Complaint, bringing the same claims as the original complaint. On July 1, 2020, the Company answered and asserted crossclaims for indemnification and contribution against another defendant, Cycle Chem, Inc. Cycle Chem also asserted crossclaims against the Company, which have been answered. The parties have largely completed written and document discovery. As a result of the confidential mediation, the parties negotiated a settlement amount of $10,500, of which the Company would be required to pay $2,625, its 25% share, and of which other non-affiliated corporations would pay the remaining $7,875, their 75% share. Additionally, the State has also verbally agreed to a settlement amount of $3,500 with Cycle Chem for which they will be 100% responsible. On October 14, 2022, the Company and all other related parties advised the Court of the global settlement. The State is required to go through a formal approval process on the settlement amounts which includes a public notice and comment period that will take several weeks to complete. In the meantime, the legal proceedings have been delayed while the settlement process is finalized. Once State approval is finalized, the Court will have a final hearing to approve and issue a consent judgement. The Company's subsidiary, SL Industries, Inc. ("SLI"), may incur environmental costs in the future as a result of the past activities of its former subsidiary, SL Surface Technologies, Inc. ("SurfTech"), in Pennsauken, New Jersey ("Pennsauken Site") and in Camden, New Jersey and at its former subsidiary, SGL Printed Circuits in Wayne, New Jersey. At the Pennsauken Site, SLI entered into a consent decree with both the U.S. Department of Justice and the U.S. Environmental Protection Agency ("EPA") in 2013 and has since completed the remediation required by the consent decree and has paid the EPA a fixed sum for its past oversight costs. Separate from the consent decree, in December 2012, the NJDEP made a settlement demand of $1,800 for past and future cleanup and removal costs and natural resource damages ("NRD"). To avoid the time and expense of litigating the matter, SLI offered to pay approximately $300 to fully resolve the claim presented by the State. SLI's settlement offer was rejected. On December 6, 2018, the State filed a complaint against SLI related to the Pennsauken Site. The State is seeking treble damages and attorneys' fees, NRD for loss of use of groundwater, as well as a request that SLI pay all cleanup and removal costs that the State has incurred and will incur at the Pennsauken Site. The State's most recent demand (as of 2019) for all costs, including NRD, was for $11,500. On August 21, 2019, SLI responded with a $1,070 settlement offer, which was not accepted. The parties have substantially completed the fact and expert discovery, including the exchange of competing expert reports. The parties recently agreed to engage in mediation, which is expected to start during the three months ended June 30, 2023. The Company has a reserve of $1,070, which is its best estimate of potential losses based on our prior settlement offer. SLI intends to assert all legal and procedural defenses available to it. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of the Company. SLI reported soil contamination and groundwater contamination in 2003 from the SurfTech site located in Camden, New Jersey. Substantial investigation and remediation work has been completed under the direction of the licensed site remediation professional for the site. Additional investigations related to PFAS compounds have been initiated and have delayed remediation actions. Remediation actions, including soil excavation and groundwater bioremediation, are expected to start in the second half of 2023. Post-remediation groundwater monitoring will be conducted following completion of soil excavation. A reserve of $2,900 has been established for anticipated costs at this site, but there can be no assurance that there will not be potential additional costs associated with the site, which cannot be reasonably estimated at this time. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of the Company. SLI is currently participating in environmental assessment and cleanup at a commercial facility located in Wayne, New Jersey. Contaminated soil and groundwater have undergone remediation with the NJDEP and LSRP oversight, but contaminants of concern in groundwater and surface water, which extend off-site, remain above applicable NJDEP remediation standards. A reserve of approximately $1,300 has been established for anticipated costs, but there can be no assurance that there will not be potential additional costs associated with the site which cannot be reasonably estimated at this time. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of SLI, HNH or the Company. Litigation Matters Reith v. Lichtenstein, et al. On April 13, 2018, a purported shareholder of STCN, Donald Reith, filed a verified complaint, Reith v. Lichtenstein, et al., 2018-0277 (Del. Ch.) (the "Reith litigation") in the Chancery Court. The plaintiff sought to assert class action and derivative claims against the Company and several of its affiliated companies, together with certain of members STCN's board of directors, as well as other named defendants (collectively, the "defendants") in connection with the acquisition of $35,000 of STCN's Series C Preferred Stock by an affiliate of the Company and equity grants made to three individual defendants. The complaint includes claims for breach of fiduciary duty against all the individual defendants as STCN directors; claims for aiding and abetting breach of fiduciary duty against the Company; a claim for breach of fiduciary duty as controlling stockholder against the Company; and a derivative claim for unjust enrichment against the Company and the three individuals who received equity grants. The complaint demands damages in an unspecified amount for STCN and its stockholders, together with rescission, disgorgement and other equitable relief. The defendants moved to dismiss the complaint for failure to plead demand futility and failure to state a claim. On June 28, 2019, the Chancery Court denied most of defendants' the motion to dismiss, allowing the matter to proceed. The defendants and plaintiff (the "parties") subsequently participated in document discovery. On August 13, 2021, the parties, entered into a memorandum of understanding (the "MOU") in connection with the settlement of the Reith litigation. Pursuant to the MOU, the defendants agreed (subject to court approval) to cause their directors' and officers' liability insurance carriers to pay to STCN $2,750 in cash. The Company's insurance carrier agreed to pay $1,100 of the settlement and STCN's insurance carrier agreed to pay the remaining $1,650. Following the parties' entry into a Stipulation and Agreement of Compromise, Settlement, and Release (the "Proposed Settlement Agreement") on February 18, 2022, on March 17, 2022, the Chancery Court granted, with modifications, a scheduling order (the "Scheduling Order") in connection with the Proposed Settlement Agreement. Pursuant to the Scheduling Order, during April 2022 the insurers completed the wiring of the settlement payments into an account jointly controlled by counsel for plaintiff and STCN, where the funds are to remain until final court approval of the settlement. In addition, pursuant to the terms of the MOU, certain of the individual defendants who are also current and former employees of the Company—Warren Lichtenstein (Executive Chairman), Jack Howard (President), and William Fejes (former Chief Operating Officer)—entered into separate letter agreements (the "Surrender Agreements") with STCN whereby they each agreed to surrender to STCN an aggregate 3,300,000 shares which they had initially received in December 2017 in consideration for services to STCN. Pursuant to the MOU and the Surrender Agreements, on August 17, 2021, Mr. Lichtenstein surrendered 2,133,333 Steel Connect shares (1,833,333 vested shares and 300,000 unvested shares), and Mr. Howard surrendered 1,066,667 Steel Connect shares (916,667 vested shares and 150,000 unvested shares). Also pursuant to the MOU and the Surrender Agreements, Mr. Fejes surrendered 100,000 vested shares December 2021. After the parties filed papers in support of court approval of the settlement, and an objector filed papers in opposition to approval of the settlement, and after hearings held on August 12 and August 18, 2022, and after the parties and insurers agreed to modify the proposed settlement to increase by $250 the cash to be paid by the insurers, the court ruled on September 23, 2022 that it was denying approval of the settlement. The funds previously paid into escrow were returned to the insurance carriers. In connection with rejection of the settlement, it was no longer probable the Company had a liability for the proposed settlement liability nor receivable for the related insurance coverage and therefore both amounts were no longer accrued. No new dates have yet been established for the trial, pretrial events or the completion of discovery proceedings. The possible liability, if any, with respect to this dispute cannot be determined as of this date. A subsidiary of BNS Holdings Liquidating Trust ("BNS Sub") has been named as a defendant in multiple alleged asbestos-related toxic-tort claims filed over a period beginning in 1994 through March 31, 2023. In many cases these claims involved more than 100 defendants. There remained approximately 50 pending asbestos claims as of March 31, 2023. BNS Sub believes it has significant defenses to any liability for toxic-tort claims on the merits. None of these toxic-tort claims has gone to trial and, therefore, there can be no assurance that these defenses will prevail. BNS Sub has insurance policies covering asbestos-related claims for years beginning 1974 through 1988. BNS Sub annually receives retroactive billings or credits from its insurance carriers for any increase or decrease in claims accruals as claims are filed, settled or dismissed, or as estimates of the ultimate settlement costs for the then-existing claims are revised. As of both March 31, 2023 and December 31, 2022, BNS Sub has accrued $1,418 relating to the open and active claims against BNS Sub. This accrual includes the amount of unpaid retroactive billings submitted to the Company by the insurance carriers and also the Company's best estimate of the likely costs for BNS Sub to settle these claims outside the amounts funded by insurance. There can be no assurance that the number of future claims and the related costs of defense, settlements or judgments will be consistent with the experience to-date of existing claims and that BNS Sub will not need to significantly increase its estimated liability for the costs to settle these claims to an amount that could have a material effect on the consolidated financial statements. In the ordinary course of our business, the Company is subject to other periodic lawsuits, investigations, claims and proceedings, including, but not limited to, contractual disputes, employment, environmental, health and safety matters, as well as claims associated with our historical acquisitions and divestitures. There is insurance coverage available for many of the foregoing actions. Although the Company cannot predict with certainty the ultimate resolution of lawsuits, investigations, claims and proceedings asserted against the Company, it does not believe any currently pending legal proceeding to which it is a party will have a material adverse effect on its business, prospects, financial condition, cash flows, results of operations or liquidity.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	The receivables from related parties and payables to related parties are included in Prepaid expenses and other current assets and Other current liabilities, respectively, on the Company's consolidated balance sheets. The components of receivables from related parties and payables to related parties for the years ended March 31, 2023 and December 31, 2022 are presented below: March 31, 2023 December 31, 2022 Receivable from related parties: Receivable from associated companies - STCN $ 788 $ 967 Receivable from other related parties (36) (5) Total $ 752 $ 962 Payables to related parties: Accrued management fees $ 501 $ 299 Payables to other related parties 406 2,582 Total $ 907 $ 2,881 Management Agreement with SP General Services LLC SPLP is managed by the Manager, pursuant to the terms of the Management Agreement, which receives a fee at an annual rate of 1.5% of total Partners' capital ("Management Fee"), payable on the first day of each quarter and subject to a quarterly adjustment. In addition, SPLP may issue to the Manager partnership profits interests in the form of incentive units, which will be classified as Class C common units of SPLP, upon exceeding a baseline equity value per common unit, which is determined as of the last day of each fiscal year (see Note 11 - "Capital and Accumulated Other Comprehensive Loss" for additional information on the incentive units). The Management Agreement is automatically renewed each December 31 for successive one-year terms unless otherwise determined at least 60 days prior to each renewal date by a majority of the Company's independent directors. The Management Fee was $3,001 and $2,488 for the three months ended March 31, 2023 and 2022, respectively. The Management Fee is included in Selling, general and administrative expenses in the Company's consolidated statements of operations. Unpaid amounts for management fees included in Other current liabilities on the Company's consolidated balance sheet were $501 and $299 as of March 31, 2023 and December 31, 2022, respectively. SPLP will bear (or reimburse the Manager with respect to) all its reasonable costs and expenses of the managed entities, the Manager, SPH GP or their affiliates, including but not limited to: legal, tax, accounting, auditing, consulting, administrative, compliance, investor relations costs related to being a public entity rendered for SPLP or SPH GP, as well as expenses incurred by the Manager and SPH GP which are reasonably necessary for the performance by the Manager of its duties and functions under the Management Agreement and certain other expenses incurred by managers, officers, employees and agents of the Manager or its affiliates on behalf of SPLP. Reimbursable expenses incurred by the Manager in connection with its provision of services under the Management Agreement were approximately $606 and $774 for the three months ended March 31, 2023 and 2022. Unpaid amounts for reimbursable expenses were approximately $250 and $2,427 as of March 31, 2023 and December 31, 2022, respectively, and are included in Other current liabilities on the Company's consolidated balance sheets. Corporate Services The Company's subsidiary, Steel Services Ltd ("Steel Services"), through management services agreements with its subsidiaries and portfolio companies, provides services, which include assignment of C-Level management personnel, legal, tax, accounting, treasury, consulting, auditing, administrative, compliance, environmental health and safety, human resources, marketing, investor relations, operating group management and other similar services. In addition to its servicing agreements with SPLP and its consolidated subsidiaries, which are eliminated in consolidation, Steel Services has management services agreements with other companies considered to be related parties, including J. Howard Inc., Steel Partners, Ltd. and affiliates, and STCN. In total, Steel Services currently charges approximately $3,432 annually to these companies. All amounts billed under these service agreements are classified as a reduction of Selling, general and administrative expenses. The receivable from STCN of $788 as of March 31, 2023 includes amounts receivables for the management services agreement. Mutual Securities, Inc. Pursuant to the Management Agreement, the Manager is responsible for selecting executing brokers. Securities transactions for SPLP are allocated to brokers on the basis of reliability, price and execution. The Manager has selected Mutual Securities, Inc. as an introducing broker and may direct a substantial portion of the managed entities' trades to such firm, among others. An officer of the Manager and SPH GP is affiliated with Mutual Securities, Inc. The commissions paid by SPLP to Mutual Securities, Inc. were not significant in any period. Other At March 31, 2023 and December 31, 2022, several related parties and consolidated subsidiaries had deposits totaling $1,113 and $1,112 at WebBank, respectively. Approximately $30 and $31 of these deposits, including interest which was not significant, have been eliminated in consolidation as of March 31, 2023 and December 31, 2022, respectively.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	SPLP operates through the following segments: Diversified Industrial, Energy, and Financial Services, which are managed separately and offer different products and services. The Diversified Industrial segment is comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and a packaging business. The Energy segment provides drilling and production services to the oil & gas industry and owns a youth sports business. The Financial Services segment consists primarily of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities. Corporate and Other consists of several consolidated subsidiaries, including Steel Services, equity method and other investments, and cash and cash equivalents. Its income or loss includes certain unallocated general corporate expenses. Steel Services has management services agreements with its consolidated subsidiaries and other related companies as further discussed in Note 16 - "Related Party Transactions." Steel Services charged the Diversified Industrial, Energy and Financial Services segments approximately $10,772, $1,989 and $422, respectively, for the three months ended March 31, 2023 and $10,356, $1,426 and $382, respectively, for the three months ended March 31, 2022. These service fees are reflected as expenses in the segment income (loss) below, but are eliminated in consolidation. Segment information is presented below: Three Months Ended 2023 2022 Revenue: Diversified Industrial $ 304,426 $ 327,249 Energy 48,164 38,317 Financial Services 92,781 40,179 Total revenue $ 445,371 $ 405,745 Income (loss) from continuing operations before interest expense and income taxes: Diversified Industrial $ 21,138 $ 34,082 Energy 5,240 3,952 Financial Services 25,852 13,927 Corporate and Other (6,837) (35,287) Income from continuing operations before interest expense and income taxes 45,393 16,674 Interest expense 5,986 4,524 Income tax provision 14,604 7,609 Net income $ 24,803 $ 4,541 Loss of associated companies, net of taxes: Corporate and Other $ 3,967 $ 4,643 Total $ 3,967 $ 4,643 Segment depreciation and amortization: Diversified Industrial $ 10,015 $ 11,361 Energy 2,540 2,521 Financial Services 216 128 Corporate and Other 172 153 Total depreciation and amortization $ 12,943 $ 14,163

Regulatory Matters

Regulatory Matters	3 Months Ended
Regulatory Matters	Mar. 31, 2023
Regulatory Matters [Abstract]
Regulatory Matters	WebBank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain actions by regulators that, if undertaken, could have a direct material effect on WebBank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, WebBank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. WebBank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. As a result of Basel III becoming fully implemented as of January 1, 2019, WebBank's minimum requirements increased for both the quantity and quality of capital held by WebBank. The rules include a new common equity Tier 1 capital to risk-weighted assets ratio ("CET1 Ratio") of 4.5% and a capital conservation buffer of 2.5% of risk-weighted assets, which as fully phased-in, effectively results in a minimum CET1 Ratio of 7.0%. Basel III raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% (which, with the capital conservation buffer, effectively results in a minimum Tier 1 capital ratio of 8.5% as fully phased-in), and effectively results in a minimum total capital to risk-weighted assets ratio of 10.5% (with the capital conservation buffer fully phased-in), and requires a minimum leverage ratio of 4.0%. Basel III also made changes to risk weights for certain assets and off-balance-sheet exposures. WebBank expects that its capital ratios under Basel III will continue to exceed the well capitalized minimum capital requirements, and such amounts are disclosed in the table below: Amount of Capital Required Actual For Capital Minimum Capital Adequacy With To Be Well Capitalized Under Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of March 31, 2023 Total Capital (to risk-weighted assets) $ 324,463 15.00 % $ 173,478 8.00 % $ 227,689 10.50 % $ 216,847 10.00 % Tier 1 Capital (to risk-weighted assets) $ 297,271 13.70 % $ 130,108 6.00 % $ 184,320 8.50 % $ 173,478 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 297,271 13.70 % $ 97,581 4.50 % $ 151,793 7.00 % $ 140,951 6.50 % Tier 1 Capital (to average assets) $ 297,271 14.10 % $ 84,146 4.00 % $ — — $ 105,182 5.00 % As of December 31, 2022 Total Capital (to risk-weighted assets) $ 306,618 15.00 % $ 163,952 8.00 % $ 215,187 10.50 % $ 204,940 10.00 % Tier 1 Capital (to risk-weighted assets) $ 280,951 13.70 % $ 122,964 6.00 % $ 174,199 8.50 % $ 163,952 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 280,951 13.70 % $ 92,223 4.50 % $ 143,458 7.00 % $ 133,211 6.50 % Tier 1 Capital (to average assets) $ 280,951 14.70 % $ 76,300 4.00 % n/a n/a $ 95,375 5.00 % The Federal Reserve, Office of the Comptroller of Currency and Federal Deposit Insurance Corporation issued an interim final rule that excludes loans pledged as collateral to the Federal Reserve's PPP Lending Facility from supplementary leverage ratio exposure and average total consolidated assets. Additionally, PPP loans will receive a zero percent risk weight under the risk-based capital rules of the federal banking agencies. In the first quarter of 2023, WebBank elected to apply a modified transition provision issued by federal banking regulators related to the impact of the current expected credit loss accounting standard (CECL) on regulatory capital. The rule permits certain banking organizations to exclude from regulatory capital the initial adoption impact of CECL using a three-year phase-out period in which the benefit is reduced by 25% in year one, 50% in year two and 75% in year three.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
Supplemental Cash Flow Information	Mar. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	A summary of supplemental cash flow information for the three months ended March 31, 2023 and 2022 is presented in the following table: Three Months Ended March 31, 2023 2022 Cash paid during the period for: Interest $ 15,488 $ 4,649 Taxes $ 659 $ 791

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENT Transfer and Exchange Agreement On April 30, 2023, the Company, Steel Excel, Inc. ("Steel Excel"), the Company's wholly-owned subsidiary WebFinancial Holding Corporation ("WebFinancial," and together with Steel Excel, the "Exchanging Parties"), and STCN entered into a Transfer and Exchange Agreement dated as of April 30, 2023 (the "Exchange Agreement"). Pursuant to the Exchange Agreement, on April 30, 2023, the Exchanging Parties exchanged an aggregate of 3,597,744 shares of common stock, par value $0.10 per share, of Aerojet (the "Aerojet Shares") held by the Exchanging Parties for 3,500,000 shares of newly created Series E convertible preferred stock of STCN (the "Series E Preferred Stock," and such exchange and related transactions, the "Transaction") having a liquidation preference equal to $58.1087 per share. Pursuant to the Exchange Agreement, STCN will call a stockholders' meeting (the "STCN Stockholder Meeting") to consider and vote upon the rights of the Series E Preferred Stock to vote and receive dividends together with the STCN Common Shares (as defined below) on an as- converted basis and the issuance of STCN Common Shares upon conversion of the Series E Preferred Stock by the holders at their option, pursuant to the rules and regulations of Nasdaq (the "Nasdaq Proposal") and any other matters which, following the closing of the Transaction, STCN's board of directors (the "STCN Board") deems appropriate to consider and vote upon at the STCN Stockholder Meeting. Upon approval by STCN's stockholders, the Series E Preferred Stock will be convertible into an aggregate of 184,891,318 shares of common stock, par value $0.01 per share, of STCN (the "STCN Common Shares"), subject to adjustment as set forth in the Certificate of Designation, and will vote together with the STCN Common Shares and participate in any dividends paid on the STCN Common Shares (except as described below), in each case, on an as-converted basis. Stockholders' Agreement Concurrently with the execution of the Exchange Agreement, the Company, Steel Excel, WebFinancial, WHX CS, LLC, WF Asset Corp., Steel Partners Ltd., Warren G. Lichtenstein and Jack L. Howard (together, the "SP Investors") and STCN entered into a Stockholders' Agreement dated as of April 30, 2023 (the "Stockholders' Agreement"). Pursuant to the Stockholders' Agreement, the parties agreed to certain aspects of STCN's governance, including the creation of an Independent Audit Committee or Disinterested Audit Committee (as defined therein). The Stockholders' Agreement further provides that (A) prior to September 1, 2025 the prior approval of the Independent Audit Committee or the Disinterested Audit Committee, as applicable, is required for the following: (i) a voluntary delisting of the STCN Common Shares from the applicable stock exchange or a transaction (including a merger, recapitalization, stock split or otherwise) which results in the delisting of the STCN Common Shares, STCN ceasing to be an SEC reporting company, or STCN filing a Form 25 or Form 15 or any similar form with the SEC; (ii) an amendment to the terms of the Management Services Agreement (the "Services Agreement") dated June 14, 2019, by and between STCN and Steel Services Ltd.; and (iii) any related party transaction between STCN and the SP Investors and their subsidiaries and affiliates; (B) prior to September 1, 2028, the prior approval of the Independent Audit Committee or the Disinterested Audit Committee, as applicable, is required for the Board to approve a going private transaction pursuant to which Steel Partners or its subsidiaries or affiliates acquires the outstanding STCN Common Shares they do not own (or any alternative transaction that would have the same impact); and (C) until the Final Sunset Date, the prior approval of the Independent Audit Committee or the Disinterested Audit Committee, as applicable, is required (i) for the Board to approve a short-form or squeeze-out merger between STCN and the SP Investors; or (ii) prior to any transfer of equity interests in STCN by the members of the SP Group (as defined in the Stockholders' Agreement) if such transfers would result in 80% of the voting power and value of the equity interests in STCN that are held by the members of the SP Group being held by one corporate entity. The Stockholders' Agreement also provides that 70% of the net proceeds received by STCN upon resolution of the Reith litigation will be distributed to STCN's stockholders with the SP Investors agreeing to waive their portion of any such distribution to the extent of any STCN Common Shares held as of the date of the Stockholders' Agreement or issuable upon conversion of the Series E Preferred Stock held by the SP Investors and the Series C Convertible Preferred Stock, par value $0.01 per share, of STCN, and the STCN Note. Any amendment to the Stockholders' Agreement by STCN prior to the date that any person or group of related persons owns 100% of the equity securities of STCN requires the prior approval of the Independent Audit Committee or the Disinterested Audit Committee, as applicable. Voting Agreement Concurrently with the execution of the Exchange Agreement, the SP Investors and STCN entered into a Voting Agreement, dated as of April 30, 2023 (the "Voting Agreement"). Pursuant to the terms and conditions set forth in the Voting Agreement, each SP Investor has agreed to (i) vote, or cause to be voted, all securities of STCN beneficially owned by each such SP Investor for the approval of the Nasdaq Proposal and against any transaction or proposal that may delay, impair or nullify the approval of the Nasdaq Proposal; (ii) not enter into an agreement to vote in a manner inconsistent with the foregoing; and (iii) not transfer such STCN Common Shares and Subject Shares (as defined in the Stockholders' Agreement), without the prior consent of STCN's audit committee, subject to certain standard exceptions. As the SP Investors currently own more than a majority of the voting power of STCN, approval of the Nasdaq Proposal is assured. The STCN Board of Directors (the "STCN Board"), acting on the unanimous recommendation of a strategic planning committee of the STCN Board consisting solely of independent and disinterested directors of STCN (the "Strategic Planning Committee"), approved the Transaction. The Strategic Planning Committee exclusively negotiated the terms of the Transaction with Steel Partners, with the assistance of its independent legal counsel and financial advisors, which also issued a fairness opinion with respect to the Transaction.

Nature of the Business and Ba_2

Nature of the Business and Basis of Presentation (Policies)	3 Months Ended
Nature of the Business and Basis of Presentation (Policies)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements as of March 31, 2023 and for the three-month periods ended March 31, 2023 and 2022, which have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC") for interim periods, include the accounts of the Company and its consolidated subsidiaries. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation have been reflected herein. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the operating results for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 ("Annual Report" or "Form 10-K"), from which the consolidated balance sheet as of December 31, 2022 has been derived. The Company's fiscal quarter ends on the last day of the calendar quarter; however, for certain subsidiaries of the Company, the fiscal quarter periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year. The Company and all its subsidiaries close their books for fiscal years on December 31. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"), but is not required for interim reporting purposes, has been condensed or omitted. Management must make estimates and assumptions that affect the consolidated financial statements and the related footnote disclosures. While management uses its best judgment, actual results may differ from those estimates. Certain reclassifications have been made to the prior period financial statements and notes to conform to the current period presentation.
Adoption of New Accounting Standards and Accounting Standards Not Yet Effective	Adoption of New Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") . This new standard changed the impairment model for most financial assets that are measured at amortized cost and certain other instruments, including trade receivables, from an incurred loss model to an expected loss model and added certain new required disclosures. Under the expected loss model, entities recognize estimated credit losses over the entire contractual term of the instrument rather than delaying recognition of credit losses until it is probable the loss has been incurred. The Company adopted ASU 2016-13 on January 1, 2023. The guidance was applied on a modified-retrospective basis, with the cumulative-effect adjustment recorded to partners' capital on the adoption date. The adoption did not have a material effect on the Company’s trade receivables and other financial assets of its Diversified Industrial and Energy segments. The Company's Financial Services segment recognized an increase of $5,248 to its Allowance for Credit Losses and a decrease of $3,862, net of tax cumulative effect adjustment to the beginning balance of partners' capital from the adoption of ASU 2016-13. WebBank analyzed the portfolio segments and classes of financing receivables based on the implementation of the new standard. There were no necessary changes in the portfolio segments or classes of financing receivables. The amortized cost basis for loans is the combination of the balance, deferred fees and costs, and premium or discount. WebBank does not generally record an allowance for credit losses ("ACL") for accrued interest because uncollectible accrued interest is reversed through interest income in a timely manner in line with the nonaccrual and past due policies for loans. Accrued interest is included in other assets on the consolidated balance sheets. As a result of the Company's adoption of ASU 2016-13, the following significant accounting policies have been updated from the policies described in the Annual Report on Form 10-K. Loans Receivable, Including Loans Held for Sale WebBank's loan activities include several lending arrangements with companies where it originates credit card and other loans for consumers and small businesses. These loans are classified as Loans receivable and are typically sold after origination. As part of these arrangements, WebBank earns fees that are recorded in non-interest income. Fees earned from these lending arrangements are recorded as fee income. WebBank also purchases participations in commercial and industrial loans through loan syndications. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at amortized cost. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield over the estimated life of the loan. Loans held for sale are carried at amortized cost. Gains and losses are recorded in noninterest income based on the difference between sales proceeds and amortized cost. Loans that are collateral-dependent are measured at the lower of amortized cost or the fair value of the collateral less the cost to sell. Loans are reported as past due when either principal or interest is due and unpaid for a period of 30 days or more. The accrual of interest on loans is discontinued at the time the loan is 90 days delinquent for commercial loans, 120 days for consumer loans and 180 days for small business loans unless the loan is well-secured and in process of collection. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Credit Losses The ACL, which consist of the allowance for loan losses, reserves for unfunded loan commitments, and the allowance on held to maturity debt securities, represents managements estimate of current expected credit losses over the contractual term of WebBank’s loan portfolio, unfunded lending commitments, and held to maturity debt securities as of the balance sheet date. The reserves for unfunded lending commitments is included in other current liabilities on the consolidated balance sheets. The allowance for held to maturity debt securities is estimated separately from loans and carried at net amortized cost included in other non-current assets on the consolidated balance sheets. The ACL is a valuation account that is deducted from the loan's amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged against the ACL and recognized in the consolidated statements of operations when management believes the recorded loan balance is confirmed as uncollectible. Management estimates the allowance balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. WebBank leverages economic projections from a third-party provider on a quarterly basis to generate macroeconomic factors for a two-year reasonable and supportable timeframe, before reverting to the baseline loss-curve implied loss expectations. After applying historic loss experience, the quantitatively derived level of ACL is reviewed for each segment using qualitative criteria. Various risk factors are tracked that influence our judgment regarding the level of the ACL across the portfolio segments. Primary qualitative factors that may be reflected in the quantitative models include: • Asset quality trends • Risk management and loan administration practices • Portfolio management and controls • Effect of changes in the nature and volume of the portfolio • Changes in lending policies and underwriting policies • Existence and effect of any portfolio concentrations • National economic business conditions and other macroeconomic adjustments • Regional and local economic and business conditions • Data availability and applicability • Industry monitoring • Value of underlying collateral Changes in the level of the ACL reflect changes in these factors. The magnitude of the impact of each of these factors on the qualitative assessment of the ACL changes from quarter to quarter according to the extent these factors are already reflected in historic loss rates and according to the extent these factors diverge from one another. Also considered is the uncertainty inherent in the estimation process when evaluating the ACL. Accounting Standards Not Yet Effective In June 2022, the FASB issued ASU 2022-03 , Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The new standard clarifies that a contractual restriction on the sale of an equity security should not be considered in measuring the fair value of the security. The new standard also requires certain disclosures related to equity securities with contractual sale restrictions. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The standard should be applied prospectively. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements and related disclosures.
Disaggregation of Revenues	Disaggregation of RevenuesRevenues are disaggregated at the Company's segment level since the segment categories depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
Revenues (Tables)	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue from any single foreign country was not material to the Company's consolidated financial statements. Three Months Ended 2023 2022 United States $ 426,165 $ 384,270 Foreign 19,206 21,475 Total revenue $ 445,371 $ 405,745
Contract with Customer Liability	Contract Liabilities Balance at December 31, 2022 $ 4,380 Deferral of revenue 5,031 Recognition of unearned revenue (4,687) Balance at March 31, 2023 $ 4,724 Balance at December 31, 2021 $ 3,396 Deferral of revenue 431 Recognition of unearned revenue (617) Balance at March 31, 2022 $ 3,210

Loans Receivable, Including L_2

Loans Receivable, Including Loans Held For Sale (Tables)	3 Months Ended
Loans Receivable, Including Loans Held For Sale (Tables)	Mar. 31, 2023
Receivables [Abstract]
Trade and Other Receivables	Major classifications of Loans receivable, including loans held for sale, held by WebBank as of March 31, 2023 and December 31, 2022 are as follows: Total Current Non-current March 31, 2023 % December 31, 2022 % March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Loans held for sale $ 694,993 $ 602,675 $ 694,993 $ 602,675 $ — $ — Commercial real estate loans $ 1,270 — % $ 987 — % $ — $ — $ 1,270 $ 987 Commercial and industrial 1,020,600 89 % 857,817 87 % 544,523 472,934 476,077 384,883 Consumer loans 129,575 11 % 123,204 13 % 111,350 85,826 18,225 37,378 Total loans 1,151,445 100 % 982,008 100 % 655,873 558,760 495,572 423,248 Less: Allowance for credit losses (36,693) (29,690) (36,693) (29,690) — — Total loans receivable, net $ 1,114,752 $ 952,318 619,180 529,070 495,572 423,248 Loans receivable, including loans held for sale (a) $ 1,314,173 $ 1,131,745 $ 495,572 $ 423,248 (a) The amortized cost of loans receivable, including loans held for sale, is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $1,808,971 and $1,548,035 as of March 31, 2023 and December 31, 2022, respectively.
Financing Receivable, Allowance for Credit Loss	Changes in the ACL are summarized as follows: Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2022 $ 28 $ 18,493 $ 11,169 $ 29,690 Impact of adopting current expected credit loss accounting guidance 1 1,144 3,597 4,742 Charge-offs — (3,493) (2,539) (6,032) Recoveries 5 328 154 487 Provision 7 5,156 2,643 7,806 March 31, 2023 $ 41 $ 21,628 $ 15,024 $ 36,693 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2021 $ 23 $ 9,205 $ 4,697 $ 13,925 Charge-offs — (947) (1,273) (2,220) Recoveries 7 415 407 829 (Benefit) Provision (5) 648 639 1,282 March 31, 2022 $ 25 $ 9,321 $ 4,470 $ 13,816 The ACL and outstanding loan balances are summarized as follows: March 31, 2023 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for credit losses: Individually evaluated for impairment $ 8 $ 876 $ — $ 884 Collectively evaluated for impairment 33 20,752 15,024 35,809 Total $ 41 $ 21,628 $ 15,024 $ 36,693 Outstanding loan balances: Individually evaluated for impairment $ 8 $ 4,171 $ — $ 4,179 Collectively evaluated for impairment 1,262 1,016,429 129,575 1,147,266 Total $ 1,270 $ 1,020,600 $ 129,575 $ 1,151,445 December 31, 2022 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ 8 $ 825 $ — $ 833 Collectively evaluated for impairment 20 17,668 11,169 28,857 Total $ 28 $ 18,493 $ 11,169 $ 29,690 Outstanding loan balances: Individually evaluated for impairment $ 8 $ 4,357 $ — $ 4,365 Collectively evaluated for impairment 979 853,460 123,204 977,643 Total $ 987 $ 857,817 $ 123,204 $ 982,008
Financing Receivable, Past Due	Past due loans (accruing and nonaccruing) are summarized as follows: March 31, 2023 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 1,270 $ — $ — $ — $ 1,270 $ — $ — Commercial and industrial 997,380 12,600 10,620 23,220 1,020,600 10,620 788 Consumer loans 120,565 3,840 5,170 9,010 129,575 5,170 — Total loans $ 1,119,215 $ 16,440 $ 15,790 $ 32,230 $ 1,151,445 $ 15,790 $ 788 December 31, 2022 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 987 $ — $ — $ — $ 987 $ — $ — Commercial and industrial 832,757 13,800 11,260 25,060 857,817 11,260 788 Consumer loans 115,054 3,470 4,680 8,150 123,204 4,680 — Total loans $ 948,798 $ 17,270 $ 15,940 $ 33,210 $ 982,008 $ 15,940 $ 788 (a) Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
Financing Receivable Credit Quality Indicators	Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows: March 31, 2023 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 1,262 $ — $ 8 $ — $ 1,270 Commercial and industrial 623,651 392,778 — 3,383 788 1,020,600 Consumer loans 129,575 — — — — 129,575 Total loans $ 753,226 $ 394,040 $ — $ 3,391 $ 788 $ 1,151,445 December 31, 2022 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 979 $ — $ 8 $ — $ 987 Commercial and industrial 566,419 287,041 — 3,569 788 857,817 Consumer loans 123,204 — — — — 123,204 Total loans $ 689,623 $ 288,020 $ — $ 3,577 $ 788 $ 982,008

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
Inventories, Net (Tables)	Mar. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	A summary of Inventories, net is as follows: March 31, 2023 December 31, 2022 Finished products $ 60,220 $ 57,487 In-process 43,860 39,300 Raw materials 78,028 79,008 Fine and fabricated precious metal in various stages of completion 39,280 39,104 221,388 214,899 LIFO reserve (477) (815) Total $ 220,911 $ 214,084
Inventory Supplemental Disclosure	March 31, 2023 December 31, 2022 Supplemental inventory information: Precious metals stated at LIFO cost $ 4,101 $ 6,678 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 34,702 $ 31,611 Market value per ounce: Silver $ 24.09 $ 23.91 Gold $ 1,974.79 $ 1,824.52 Platinum $ 999.40 $ 1,073.91 Palladium $ 1,476.80 $ 1,799.36

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	3 Months Ended
Goodwill and Other Intangible Assets, Net (Tables)	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Reconciliation of the Change in the Carrying Value of Goodwill	A summary of the change in the carrying amount of goodwill by reportable segment is as follows: Diversified Industrial Energy Financial Services Corporate and Other Total Balance as of December 31, 2022 Gross goodwill $ 155,183 $ 67,143 $ 9,474 $ 81 $ 231,881 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill 113,905 2,353 9,474 81 125,813 Currency translation adjustments 97 — — — 97 Balance as of March 31, 2023 Gross goodwill 155,280 67,143 9,474 81 231,978 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill $ 114,002 $ 2,353 $ 9,474 $ 81 $ 125,910
Summary of Intangible Assets	A summary of Other intangible assets, net is as follows: March 31, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 191,682 $ 134,843 $ 56,839 $ 191,508 $ 132,246 $ 59,262 Trademarks, trade names and brand names 46,645 22,179 24,466 46,601 21,755 24,846 Developed technology, patents and patent applications 32,868 23,733 9,135 32,762 23,276 9,486 Other 16,660 15,730 930 16,657 15,468 1,189 Total $ 287,855 $ 196,485 $ 91,370 $ 287,528 $ 192,745 $ 94,783
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on gross carrying amounts at March 31, 2023, the Company's estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2023 through 2027 is presented in the table below. Year Ending December 31, 2023 2024 2025 2026 2027 Estimated amortization expense 14,034 13,481 12,200 10,206 9,422

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities and Equity Method Investments	The following table summarizes the Company's long-term investments as of March 31, 2023 and December 31, 2022. Ownership % Long-Term Investments Balance March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Aerojet Rocketdyne Holdings, Inc. (a) 4.5 % 4.5 % 202,141 $ 201,278 Steel Connect, Inc. ("STCN") convertible notes (b) 13,563 14,521 STCN preferred stock (c) 35,000 35,000 STCN common stock 29.9 % 30.0 % 20,727 26,000 PCS-Mosaic (d) 59.0 % 59.0 % 23,323 23,323 Other long-term investments 11,206 9,575 Total $ 305,960 $ 309,697 (a) Gross unrealized gains for Aerojet Rocketdyne Holdings, Inc. ("Aerojet") totaled $192,559 and $145,881 at March 31, 2023 and 2022, respectively. Refer to Note 20, Subsequent Events , for discussion of the transfer and exchange by the Company of Aerojet shares with Steel Connect, Inc. (b) Represents investment in STCN convertible notes, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The Company entered into a convertible note with STCN ("STCN Note") on February 28, 2019, which was to mature on March 1, 2024. On March 9, 2023, the Company and Steel Connect entered into an amendment to the STCN Note. Pursuant to the amendment, the maturity date of the STCN Note was extended six months to September 1, 2024. In addition, STCN repaid $1,000 in principal amount of the STCN Note and will be required to repay an additional $1,000 principal amount of the convertible note on the three month anniversary of the amendment. In connection with the amendment, STCN paid the Company a cash amendment fee of $150. The cost basis of the STCN Note totaled $13,940 as of March 31, 2023 and $14,943 as of December 31, 2022. The STCN Note is convertible into shares of STCN's common stock at an initial conversion rate of 421.2655 shares of common stock per $1,000 principal amount of the STCN Note (which is equivalent to an initial conversion price of approximately $2.37 per share), subject to adjustment upon the occurrence of certain events. The STCN Note, if converted as of March 31, 2023, when combined with STCN common and preferred shares, also if converted, owned by the Company, would result in the Company having a direct interest of approximately 49.6% of STCN's outstanding shares. (c) Represents investment in shares of STCN preferred stock, which the Company accounts for under the fair value option with changes in fair value recognized in the Company's consolidated statements of operations. The investment in STCN preferred stock had a cost basis of $35,688 at March 31, 2023 and December 31, 2022. Each share of preferred stock can be converted into shares of STCN's common stock at an initial conversion price equal to $1.96 per share, subject to adjustment upon the occurrence of certain events. (d) Represents the Company's investment in PCS-Mosaic as described in Note 3 - "Acquisition and Divestitures". The Income (loss) of associated companies, net of taxes, for the three months ended March 31, 2023 and 2022, respectively, are as follows: Three Months Ended 2023 2022 STCN convertible notes $ (32) $ 367 STCN preferred stock — 400 STCN common stock 3,999 3,876 Total $ 3,967 $ 4,643
Unrealized Gain (Loss) on Investments	The amounts of unrealized gains (losses) for the three months ended March 31, 2023 and 2022 that relate to equity securities still held as of March 31, 2023 and 2022, respectively, are as follows: Three Months Ended 2023 2022 Net gains (losses) recognized during the period on equity securities $ 607 $ (27,726) Less: Net losses recognized during the period on equity securities sold during the period (3) — Unrealized gains (losses) recognized during the period on equity securities still held at the end of the period $ 610 $ (27,726)
Schedule of Additional Disclosures of Associated Companies
Schedule of Held-to-Maturity Securities	The amount and contractual maturities of HTM debt securities are noted in the tables below. Actual maturities may differ from expected or contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. The securities are collateralized by unsecured consumer loans. March 31, 2023 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 144,013 $ 376 $ 144,389 $ 144,013 Contractual maturities within: One year to five years 137,225 Five years to ten years 5,147 After ten years 1,641 Total $ 144,013 December 31, 2022 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 176,719 $ 146 $ 176,865 $ 176,719 Contractual maturities within: One year to five years 169,783 Five years to ten years 5,281 After ten years 1,655 Total $ 176,719

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term and Short-term Debt	The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below: March 31, 2023 December 31, 2022 Short term debt: Foreign $ 987 $ 685 Short-term debt 987 685 Long-term debt: Credit Agreement 181,300 178,650 Other debt - domestic 972 989 Subtotal 182,272 179,639 Less: portion due within one year 67 67 Long-term debt 182,205 179,572 Total debt $ 183,259 $ 180,324
Schedule of Maturities of Long-term Debt	Long-term debt as of March 31, 2023 matures in each of the next five years as follows: Total 2023 2024 2025 2026 2027 Thereafter Long-term debt (a) $ 182,272 $ 67 $ 67 $ 67 $ 181,367 $ 704 $ —

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
Financial Instruments (Tables)	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Forward or Future Contracts with Settlement Dates	As of March 31, 2023, the Company had the following outstanding forward contracts with settlement dates through Apri l 2023. There were no futures contracts o utstanding as of March 31, 2023. Commodity Amount (in whole units) Notional Value Silver 74,693 ounces $ 1,713 Gold 19 ounces $ 38 Palladium 1,177 ounces $ 1,678 Platinum 16 ounces $ 16 Copper 216,000 pounds $ 740 Tin 20 metric tons $ 408
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value and carrying amount of derivative instruments on the Company's consolidated balance sheets are as follows: Fair Value of Derivative Assets (Liabilities) March 31, 2023 December 31, 2022 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as ASC 815 hedges Commodity contracts Accrued liabilities $ (218) Accrued liabilities $ (70) Derivatives not designated as ASC 815 hedges Commodity contracts Accrued liabilities $ (161) Accrued liabilities $ (177) Economic interests in loans Other non-current assets $ 4,980 Other non-current assets $ 5,728
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The effects of derivatives not designated as ASC 815 hedging instruments on the consolidated statements of operations for the three months ended March 31, 2023 and 2022 are as follows: Derivatives Not Designated as Hedging Instruments: Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income Three Months Ended 2023 2022 Commodity contracts Other (expense) income, net 544 $ (994) Economic interests in loans Financial Services revenue 1,260 1,030 Total $ 1,804 $ 36

Pension and Other Post-Retire_2

Pension and Other Post-Retirement Benefits (Tables)	3 Months Ended
Pension and Other Post-Retirement Benefits (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents the components of pension (income) expense for the Company's significant pension plans. The Company's other pension and post-retirement benefit plans are not significant individually or in the aggregate. Three Months Ended 2023 2022 Interest cost $ 4,538 $ 2,382 Expected return on plan assets (4,467) (6,336) Amortization of actuarial loss 2,882 2,128 Total net pension expense (income) $ 2,953 $ (1,826)

Capital and Accumulated Other_2

Capital and Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
Capital and Accumulated Other Comprehensive Loss (Tables)	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income	Changes, net of tax, where applicable, in AOCI are as follows: Unrealized loss on available-for-sale debt securities Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2022 $ (92) $ (17,113) $ (134,669) $ (151,874) Net other comprehensive income attributable to common unitholders — 1,093 — 1,093 Balance at March 31, 2023 $ (92) $ (16,020) $ (134,669) $ (150,781) Unrealized loss on available-for-sale securities Cumulative translation adjustments Change in net pension and other benefit obligations Total Balance at December 31, 2021 $ (92) $ (13,961) $ (117,750) $ (131,803) Net other comprehensive loss attributable to common unitholders — (459) — (459) Balance at March 31, 2022 $ (92) $ (14,420) $ (117,750) $ (132,262)

Net Income Per Common Unit (Tab

Net Income Per Common Unit (Tables)	3 Months Ended
Net Income Per Common Unit (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following data was used in computing net income per common unit shown in the Company's consolidated statements of operations: Three Months Ended 2023 2022 Net income $ 24,803 $ 4,541 Net loss attributable to noncontrolling interests in consolidated entities 43 24 Net income attributable to common unitholders 24,846 4,565 Effect of dilutive securities: Interest expense from SPLP Preferred Units (a) 3,069 — Net income attributable to common unitholders – assuming dilution $ 27,915 $ 4,565 Net income per common unit – basic Net income attributable to common unitholders $ 1.15 $ 0.21 Net income per common unit – diluted Net income attributable to common unitholders $ 1.09 $ 0.20 Denominator for net income per common unit – basic 21,685,794 22,209,071 Effect of dilutive securities: Incentive Units 88,365 254,013 Unvested restricted common units 15,756 179,932 SPLP Preferred Units 3,751,331 — Denominator for net income per common unit – diluted (b) 25,541,246 22,643,016 (a) Assumes the SPLP Preferred Units were redeemed in common units as described in Note 11 - "Capital and Accumulated Other Comprehensive Loss." (b) For the three months ended March 31, 2022 ,

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	Financial assets and liabilities measured at fair value on a recurring basis in the Company's consolidated financial statements as of March 31, 2023 and December 31, 2022 are summarized by type of inputs applicable to the fair value measurements as follows: March 31, 2023 Level 1 Level 2 Level 3 Total Assets: Long-term investments (a) 231,260 — 51,377 282,637 Precious metal and commodity inventories recorded at fair value 36,696 — — 36,696 Economic interests in loans (b) — — 4,980 4,980 Warrants (c) — — 3,564 3,564 Total $ 267,956 $ — $ 59,921 $ 327,877 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 379 $ — $ 379 Other precious metal liabilities $ 31,041 $ — $ — $ 31,041 Total $ 31,041 $ 379 $ — $ 31,420 December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Long-term investments (a) $ 234,039 $ — $ 52,336 $ 286,375 Precious metal and commodity inventories recorded at fair value 32,896 — — 32,896 Economic interests in loans (b) — — 5,728 5,728 Warrants (c) — — 3,564 3,564 Total $ 266,935 $ — $ 61,628 $ 328,563 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 247 $ — $ 247 Other precious metal liabilities 30,115 — — 30,115 Total $ 30,115 $ 247 $ — $ 30,362 (a) For additional detail of the long-term investments see Note 7 – "Investments." The investment in PCS-Mosaic of $23,323 is not included in the fair value leveling tables as it is valued at cost. (b) For additional detail of the economic interests in loans see Note 9 – "Financial Instruments". (c) Included within Other non-current assets in the consolidated balance sheets.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Following is a summary of changes in financial assets measured using Level 3 inputs: Long Term Investments (a) Economic Interests in Loans (b) Warrants (b) Total Balance as of December 31, 2022 $ 52,336 $ 5,728 $ 3,564 $ 61,628 Sales and cash collections (1,000) (2,008) — (3,008) Realized gains — 1,260 — 1,260 Unrealized gains 43 — — 43 Unrealized losses (2) — — (2) Balance as of March 31, 2023 $ 51,377 $ 4,980 $ 3,564 $ 59,921 Balance as of December 31, 2021 $ 50,085 $ 6,483 $ 6,929 $ 63,497 Sales and cash collections — (1,731) — (1,731) Realized gains — 1,030 704 1,734 Unrealized losses (764) — — (764) Balance as of March 31, 2022 $ 49,321 $ 5,782 $ 7,633 $ 62,736 (a) Unrealized gains and losses are recorded in (Income) loss of associated companies, net of taxes in the consolidated statements of operations. (b) Realized and unrealized gains and losses are recorded in Realized and unrealized (gains) losses on securities, net or Financial services revenue in the consolidated statements of operations.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
Related Party Transactions (Tables)	Mar. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The components of receivables from related parties and payables to related parties for the years ended March 31, 2023 and December 31, 2022 are presented below: March 31, 2023 December 31, 2022 Receivable from related parties: Receivable from associated companies - STCN $ 788 $ 967 Receivable from other related parties (36) (5) Total $ 752 $ 962 Payables to related parties: Accrued management fees $ 501 $ 299 Payables to other related parties 406 2,582 Total $ 907 $ 2,881

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment information is presented below: Three Months Ended 2023 2022 Revenue: Diversified Industrial $ 304,426 $ 327,249 Energy 48,164 38,317 Financial Services 92,781 40,179 Total revenue $ 445,371 $ 405,745 Income (loss) from continuing operations before interest expense and income taxes: Diversified Industrial $ 21,138 $ 34,082 Energy 5,240 3,952 Financial Services 25,852 13,927 Corporate and Other (6,837) (35,287) Income from continuing operations before interest expense and income taxes 45,393 16,674 Interest expense 5,986 4,524 Income tax provision 14,604 7,609 Net income $ 24,803 $ 4,541 Loss of associated companies, net of taxes: Corporate and Other $ 3,967 $ 4,643 Total $ 3,967 $ 4,643 Segment depreciation and amortization: Diversified Industrial $ 10,015 $ 11,361 Energy 2,540 2,521 Financial Services 216 128 Corporate and Other 172 153 Total depreciation and amortization $ 12,943 $ 14,163

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
Regulatory Matters (Tables)	Mar. 31, 2023
Regulatory Matters [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	WebBank expects that its capital ratios under Basel III will continue to exceed the well capitalized minimum capital requirements, and such amounts are disclosed in the table below: Amount of Capital Required Actual For Capital Minimum Capital Adequacy With To Be Well Capitalized Under Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of March 31, 2023 Total Capital (to risk-weighted assets) $ 324,463 15.00 % $ 173,478 8.00 % $ 227,689 10.50 % $ 216,847 10.00 % Tier 1 Capital (to risk-weighted assets) $ 297,271 13.70 % $ 130,108 6.00 % $ 184,320 8.50 % $ 173,478 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 297,271 13.70 % $ 97,581 4.50 % $ 151,793 7.00 % $ 140,951 6.50 % Tier 1 Capital (to average assets) $ 297,271 14.10 % $ 84,146 4.00 % $ — — $ 105,182 5.00 % As of December 31, 2022 Total Capital (to risk-weighted assets) $ 306,618 15.00 % $ 163,952 8.00 % $ 215,187 10.50 % $ 204,940 10.00 % Tier 1 Capital (to risk-weighted assets) $ 280,951 13.70 % $ 122,964 6.00 % $ 174,199 8.50 % $ 163,952 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 280,951 13.70 % $ 92,223 4.50 % $ 143,458 7.00 % $ 133,211 6.50 % Tier 1 Capital (to average assets) $ 280,951 14.70 % $ 76,300 4.00 % n/a n/a $ 95,375 5.00 %

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
Supplemental Cash Flow Information (Tables)	Mar. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	A summary of supplemental cash flow information for the three months ended March 31, 2023 and 2022 is presented in the following table: Three Months Ended March 31, 2023 2022 Cash paid during the period for: Interest $ 15,488 $ 4,649 Taxes $ 659 $ 791

Nature of the Business and Ba_3

Nature of the Business and Basis of Presentation (Details) - Financial Services $ in Thousands	Jan. 01, 2023 USD ($)
Receivable [Line Items]
Allowance for loan loss, increase (decrease)	$ 5,248
Partners' Capital
Receivable [Line Items]
Allowance for loan loss, increase (decrease)	$ (3,862)

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 445,371	$ 405,745
United States
Disaggregation of Revenue [Line Items]
Total revenue	426,165	384,270
Foreign
Disaggregation of Revenue [Line Items]
Total revenue	$ 19,206	$ 21,475

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract asset	$ 11,623	$ 11,937

Revenues - Deferred Revenue (De

Revenues - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Contract with Customer, Liability, Current Roll Forward [Abstract]
Beginning balance	$ 4,380	$ 3,396
Deferral of revenue	5,031	431
Recognition of unearned revenue	(4,687)	(617)
Ending balance	$ 4,724	$ 3,210

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended
	Aug. 02, 2022	Apr. 01, 2022	Jan. 07, 2022	Jan. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Apr. 25, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue					$ 445,371	$ 405,745
Income from operations before income taxes and equity method investments					$ 45,393	16,674
Acquisition Of Premium Finance Receivables
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price	$ 47,280
Finance receivables plus profit share interest premium	1,440
Finance receivables plus profit share interest premium, unpaid amount	190
Premium finance receivables acquired	43,124
Intaingible assets acquired	1,370
Goodwill acquired	$ 2,959
PCS Mosaic
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price		$ 23,600
Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Shares purchased (in dollars per share)			$ 5.50
iGo \| Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percent of outstanding shares owned			90%
iGo
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration				$ 8,606
SLPE \| Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales price							$ 144,500
SLPE \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue						14,686
Income from operations before income taxes and equity method investments						$ 120

Loans Receivable, Including L_3

Loans Receivable, Including Loans Held For Sale - Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 1,151,445	$ 982,008
Financing receivable, ratio to total, including loans held for sale (as a percent)	100%	100%
Financing receivable, gross, current	$ 655,873	$ 558,760
Financing receivable, gross, non-current	495,572	423,248
Allowance for loan losses, total	(36,693)	(29,690)	$ (13,816)	$ (13,925)
Allowance for loan losses, current	(36,693)	(29,690)
Allowance for loan losses, non-current	0	0
Total loans receivable, net	1,114,752	952,318
Loans receivable, net, current	619,180	529,070
Loans receivable, net, noncurrent	495,572	423,248
Loans receivable, including loans held for sale, current	1,314,173	1,131,745
Loans receivable, including loans held for sale, non-current	495,572	423,248
Estimate of Fair Value Measurement
Receivable [Line Items]
Total loans receivable, net	1,808,971	1,548,035
Loans held for sale
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	694,993	602,675
Financing receivable, gross, current	694,993	602,675
Financing receivable, gross, non-current	0	0
Commercial real estate loans
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 1,270	$ 987
Financing receivable, ratio to total, including loans held for sale (as a percent)	0%	0%
Financing receivable, gross, current	$ 0	$ 0
Financing receivable, gross, non-current	1,270	987
Commercial and industrial
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 1,020,600	$ 857,817
Financing receivable, ratio to total, including loans held for sale (as a percent)	89%	87%
Financing receivable, gross, current	$ 544,523	$ 472,934
Financing receivable, gross, non-current	476,077	384,883
Consumer loans
Receivable [Line Items]
Financing receivable, including loans held for sale, gross, total	$ 129,575	$ 123,204
Financing receivable, ratio to total, including loans held for sale (as a percent)	11%	13%
Financing receivable, gross, current	$ 111,350	$ 85,826
Financing receivable, gross, non-current	18,225	37,378
Allowance for loan losses, total	$ (15,024)	$ (11,169)	$ (4,470)	$ (4,697)

Loans Receivable, Including L_4

Loans Receivable, Including Loans Held For Sale - Narrative (Details) loan in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) loan	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Receivable [Line Items]
Total loans	$ 1,151,445,000		$ 982,008,000
Increase in loans held for sale	4,388,701,000	$ 3,072,573,000
Loans past due 90 days or more	15,790,000		15,940,000
Nonaccrual loans	788,000		788,000
Other borrowings	31,692,000		41,682,000
Liabilities Associated with PPP Loan
Receivable [Line Items]
Other borrowings	31,692,000
Commercial and industrial
Receivable [Line Items]
Total loans	1,020,600,000		857,817,000
Loans past due 90 days or more	10,620,000		11,260,000
Nonaccrual loans	788,000		788,000
Consumer loans
Receivable [Line Items]
Total loans	129,575,000		123,204,000
Loans past due 90 days or more	5,170,000		4,680,000
Nonaccrual loans	0		0
Asset Pledged as Collateral
Receivable [Line Items]
Total loans	438,244,000		323,740,000
Loan Modifications, COVID-19
Receivable [Line Items]
Total loans	$ 2,122,000
Short-term deferments on loan balances \| loan	4,554
Percentage of total loan balances	0.18%
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Receivable [Line Items]
Total loans	$ 36,013,000		48,656,000
Decrease due to forgiveness of loan	12,672,000
WebBank
Receivable [Line Items]
Servicing asset	1,901,000		$ 2,700,000
Proceeds from loans held for sale	4,275,373,000	$ 3,006,100,000
Allowance for loan loss increase	$ 7,003,000
Allowance for loan loss increase, percentage	23.60%

Loans Receivable, Including L_5

Loans Receivable, Including Loans Held For Sale - Changes in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 29,690	$ 13,925
Charge-offs	(6,032)	(2,220)
Recoveries	487	829
Provision	7,806	1,282
Ending balance	36,693	13,816
Cumulative Effect, Period of Adoption, Adjustment \| Impact of adopting current expected credit loss accounting guidance
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,742
Commercial real estate loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	28	23
Charge-offs	0	0
Recoveries	5	7
Provision	7	(5)
Ending balance	41	25
Commercial real estate loans \| Cumulative Effect, Period of Adoption, Adjustment \| Impact of adopting current expected credit loss accounting guidance
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	18,493	9,205
Charge-offs	(3,493)	(947)
Recoveries	328	415
Provision	5,156	648
Ending balance	21,628	9,321
Commercial and industrial \| Cumulative Effect, Period of Adoption, Adjustment \| Impact of adopting current expected credit loss accounting guidance
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,144
Consumer loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	11,169	4,697
Charge-offs	(2,539)	(1,273)
Recoveries	154	407
Provision	2,643	639
Ending balance	15,024	$ 4,470
Consumer loans \| Cumulative Effect, Period of Adoption, Adjustment \| Impact of adopting current expected credit loss accounting guidance
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 3,597

Loans Receivable, Including L_6

Loans Receivable, Including Loans Held For Sale - Allowance for Loan and Lease Losses and Outstanding Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	$ 884	$ 833
Allowance for loan losses, collectively evaluated for impairment	35,809	28,857
Allowance for loan losses, total	36,693	29,690	$ 13,816	$ 13,925
Outstanding loan balances, individually evaluated for impairment	4,179	4,365
Outstanding loan balances, collectively evaluated for impairment	1,147,266	977,643
Total Loans	1,151,445	982,008
Commercial real estate loans
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	8	8
Allowance for loan losses, collectively evaluated for impairment	33	20
Allowance for loan losses, total	41	28	25	23
Outstanding loan balances, individually evaluated for impairment	8	8
Outstanding loan balances, collectively evaluated for impairment	1,262	979
Total Loans	1,270	987
Commercial and industrial
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	876	825
Allowance for loan losses, collectively evaluated for impairment	20,752	17,668
Allowance for loan losses, total	21,628	18,493	9,321	9,205
Outstanding loan balances, individually evaluated for impairment	4,171	4,357
Outstanding loan balances, collectively evaluated for impairment	1,016,429	853,460
Total Loans	1,020,600	857,817
Consumer loans
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	0	0
Allowance for loan losses, collectively evaluated for impairment	15,024	11,169
Allowance for loan losses, total	15,024	11,169	$ 4,470	$ 4,697
Outstanding loan balances, individually evaluated for impairment	0	0
Outstanding loan balances, collectively evaluated for impairment	129,575	123,204
Total Loans	$ 129,575	$ 123,204

Loans Receivable, Including L_7

Loans Receivable, Including Loans Held For Sale - Past Due Loans (Accruing and Nonaccruing) (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Receivable [Line Items]
Total Loans	$ 1,151,445,000	$ 982,008,000
Recorded Investment In Accruing Loans 90+ Days Past Due	15,790,000	15,940,000
Nonaccrual Loans That Are Current	788,000	788,000
Current
Receivable [Line Items]
Total Loans	1,119,215,000	948,798,000
30-89 Days Past Due
Receivable [Line Items]
Total Loans	16,440,000	17,270,000
90+ Days Past Due
Receivable [Line Items]
Total Loans	15,790,000	15,940,000
Total Past Due
Receivable [Line Items]
Total Loans	32,230,000	33,210,000
Commercial real estate loans
Receivable [Line Items]
Total Loans	1,270,000	987,000
Recorded Investment In Accruing Loans 90+ Days Past Due	0	0
Nonaccrual Loans That Are Current	0	0
Commercial real estate loans \| Current
Receivable [Line Items]
Total Loans	1,270,000	987,000
Commercial real estate loans \| 30-89 Days Past Due
Receivable [Line Items]
Total Loans	0	0
Commercial real estate loans \| 90+ Days Past Due
Receivable [Line Items]
Total Loans	0	0
Commercial real estate loans \| Total Past Due
Receivable [Line Items]
Total Loans	0	0
Commercial and industrial
Receivable [Line Items]
Total Loans	1,020,600,000	857,817,000
Recorded Investment In Accruing Loans 90+ Days Past Due	10,620,000	11,260,000
Nonaccrual Loans That Are Current	788,000	788,000
Commercial and industrial \| Current
Receivable [Line Items]
Total Loans	997,380,000	832,757,000
Commercial and industrial \| 30-89 Days Past Due
Receivable [Line Items]
Total Loans	12,600,000	13,800,000
Commercial and industrial \| 90+ Days Past Due
Receivable [Line Items]
Total Loans	10,620,000	11,260,000
Commercial and industrial \| Total Past Due
Receivable [Line Items]
Total Loans	23,220,000	25,060,000
Consumer loans
Receivable [Line Items]
Total Loans	129,575,000	123,204,000
Recorded Investment In Accruing Loans 90+ Days Past Due	5,170,000	4,680,000
Nonaccrual Loans That Are Current	0	0
Consumer loans \| Current
Receivable [Line Items]
Total Loans	120,565,000	115,054,000
Consumer loans \| 30-89 Days Past Due
Receivable [Line Items]
Total Loans	3,840,000	3,470,000
Consumer loans \| 90+ Days Past Due
Receivable [Line Items]
Total Loans	5,170,000	4,680,000
Consumer loans \| Total Past Due
Receivable [Line Items]
Total Loans	$ 9,010,000	$ 8,150,000

Loans Receivable, Including L_8

Loans Receivable, Including Loans Held For Sale - Outstanding Loans (Accruing and Nonaccruing) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Receivable [Line Items]
Total loans	$ 1,151,445	$ 982,008
Commercial real estate loans
Receivable [Line Items]
Total loans	1,270	987
Commercial and industrial
Receivable [Line Items]
Total loans	1,020,600	857,817
Consumer loans
Receivable [Line Items]
Total loans	129,575	123,204
Non - Graded
Receivable [Line Items]
Total loans	753,226	689,623
Non - Graded \| Commercial real estate loans
Receivable [Line Items]
Total loans	0	0
Non - Graded \| Commercial and industrial
Receivable [Line Items]
Total loans	623,651	566,419
Non - Graded \| Consumer loans
Receivable [Line Items]
Total loans	129,575	123,204
Pass
Receivable [Line Items]
Total loans	394,040	288,020
Pass \| Commercial real estate loans
Receivable [Line Items]
Total loans	1,262	979
Pass \| Commercial and industrial
Receivable [Line Items]
Total loans	392,778	287,041
Pass \| Consumer loans
Receivable [Line Items]
Total loans	0	0
Special Mention
Receivable [Line Items]
Total loans	0	0
Special Mention \| Commercial real estate loans
Receivable [Line Items]
Total loans	0	0
Special Mention \| Commercial and industrial
Receivable [Line Items]
Total loans	0	0
Special Mention \| Consumer loans
Receivable [Line Items]
Total loans	0	0
Sub- standard
Receivable [Line Items]
Total loans	3,391	3,577
Sub- standard \| Commercial real estate loans
Receivable [Line Items]
Total loans	8	8
Sub- standard \| Commercial and industrial
Receivable [Line Items]
Total loans	3,383	3,569
Sub- standard \| Consumer loans
Receivable [Line Items]
Total loans	0	0
Doubtful
Receivable [Line Items]
Total loans	788	788
Doubtful \| Commercial real estate loans
Receivable [Line Items]
Total loans	0	0
Doubtful \| Commercial and industrial
Receivable [Line Items]
Total loans	788	788
Doubtful \| Consumer loans
Receivable [Line Items]
Total loans	$ 0	$ 0

Inventories, Net - Summary of I

Inventories, Net - Summary of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished products	$ 60,220	$ 57,487
In-process	43,860	39,300
Raw materials	78,028	79,008
Fine and fabricated precious metal in various stages of completion	39,280	39,104
Inventory, before LIFO reserve	221,388	214,899
LIFO reserve	(477)	(815)
Inventory, Net	$ 220,911	$ 214,084

Inventories, Net - Narrative (D

Inventories, Net - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Bank of Nova Scotia \| Consignment Agreement \| Silver
Inventory [Line Items]
Merchandise under consignment	$ 30,068	$ 29,381

Inventories, Net - Supplemental

Inventories, Net - Supplemental Inventory Information (Details) $ in Thousands	Mar. 31, 2023 USD ($) $ / oz	Dec. 31, 2022 USD ($) $ / oz
Inventory Disclosure [Abstract]
Precious metals stated at LIFO cost \| $	$ 4,101	$ 6,678
Precious metals stated under non-LIFO cost methods, primarily at fair value \| $	$ 34,702	$ 31,611
Market value per ounce, Silver (in dollars per ounce)	24.09	23.91
Market value per ounce, Gold (in dollars per ounce)	1,974.79	1,824.52
Market value per ounce, Platinum	999.40	1,073.91
Market value per ounce, Palladium (in dollars per ounce)	1,476.8	1,799.36

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Goodwill Reconciliation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Roll Forward]
Gross Goodwill, beginning balance	$ 231,881
Accumulated Impairments, beginning balance	(106,068)
Net Goodwill, beginning balance	125,813
Currency translation adjustments	97
Gross Goodwill, ending balance	231,978
Accumulated Impairments, ending balance	(106,068)
Net Goodwill, ending balance	125,910
Diversified Industrial
Goodwill [Roll Forward]
Gross Goodwill, beginning balance	155,183
Accumulated Impairments, beginning balance	(41,278)
Net Goodwill, beginning balance	113,905
Currency translation adjustments	97
Gross Goodwill, ending balance	155,280
Accumulated Impairments, ending balance	(41,278)
Net Goodwill, ending balance	114,002
Energy
Goodwill [Roll Forward]
Gross Goodwill, beginning balance	67,143
Accumulated Impairments, beginning balance	(64,790)
Net Goodwill, beginning balance	2,353
Currency translation adjustments	0
Gross Goodwill, ending balance	67,143
Accumulated Impairments, ending balance	(64,790)
Net Goodwill, ending balance	2,353
Financial Services
Goodwill [Roll Forward]
Gross Goodwill, beginning balance	9,474
Accumulated Impairments, beginning balance	0
Net Goodwill, beginning balance	9,474
Currency translation adjustments	0
Gross Goodwill, ending balance	9,474
Accumulated Impairments, ending balance	0
Net Goodwill, ending balance	9,474
Corporate and Other
Goodwill [Roll Forward]
Gross Goodwill, beginning balance	81
Accumulated Impairments, beginning balance	0
Net Goodwill, beginning balance	81
Currency translation adjustments	0
Gross Goodwill, ending balance	81
Accumulated Impairments, ending balance	0
Net Goodwill, ending balance	$ 81

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 287,855	$ 287,528
Accumulated Amortization	196,485	192,745
Net	91,370	94,783
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	191,682	191,508
Accumulated Amortization	134,843	132,246
Net	56,839	59,262
Trademarks, trade names and brand names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	46,645	46,601
Accumulated Amortization	22,179	21,755
Net	24,466	24,846
Developed technology, patents and patent applications
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	32,868	32,762
Accumulated Amortization	23,733	23,276
Net	9,135	9,486
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,660	16,657
Accumulated Amortization	15,730	15,468
Net	$ 930	$ 1,189

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Trademarks with indefinite lives	$ 11,694		$ 11,680
Amortization expense	$ 3,588	$ 4,264

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets, Net - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 14,034
2024	13,481
2025	12,200
2026	10,206
2027	$ 9,422

Investments - Long-Term Investm

Investments - Long-Term Investments (Details) $ / shares in Units, $ in Thousands				3 Months Ended
	Jun. 09, 2023 USD ($)	Mar. 09, 2023 USD ($)	Feb. 28, 2019 $ / shares	Mar. 31, 2023 USD ($) $ / shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Equity securities - U.S.
Long-Term Investments Balance				$ 305,960		$ 309,697
Investments in Associated Companies:
Loss of associated companies, net of taxes				3,967	$ 4,643
Total				3,967	4,643
Repayments in principal amount				17	25
Convertible Senior Note Due 2024 \| Senior Notes \| Steel Connect, Inc (STCN)
Investments in Associated Companies:
Repayments in principal amount		$ 1,000
Cash amendment fee		$ 150
Convertible Senior Note Due 2024 \| Senior Notes \| Steel Connect, Inc (STCN) \| Scenario, Forecast
Investments in Associated Companies:
Repayments in principal amount	$ 1,000
Aerojet Rocketdyne Holdings, Inc.
Investments in Associated Companies:
Unrealized gain (loss)				192,559	145,881
Steel Connect, Inc (STCN)
Equity securities - U.S.
Long-Term Investments Balance				$ 20,727		$ 26,000
Ownership percentage				29.90%		30%
Investments in Associated Companies:
Loss of associated companies, net of taxes				$ 3,999	3,876
Steel Connect, Inc (STCN) \| Common Stock \| Convertible Senior Note Due 2024 \| Senior Notes
Investments in Associated Companies:
Conversion ratio			0.4213
Steel Connect, Inc (STCN) \| Common Stock \| Convertible Senior Note Due 2024 \| Senior Notes \| Steel Connect, Inc (STCN)
Investments in Associated Companies:
Debt conversion price (in dollars per share) \| $ / shares			$ 2.37
Ownership percentage if converted				49.60%
PCS Mosaic
Equity securities - U.S.
Long-Term Investments Balance				$ 23,323		$ 23,323
Ownership percentage				59%		59%
Preferred stock \| Steel Connect, Inc (STCN)
Equity securities - U.S.
Long-Term Investments Balance				$ 35,000		$ 35,000
Investments in Associated Companies:
Realized gain (loss)				0	400
Cost				$ 35,688		35,688
Debt conversion price (in dollars per share) \| $ / shares				$ 1.96
Convertible notes \| Steel Connect, Inc (STCN)
Investments in Associated Companies:
Cost				$ 13,940		14,943
Net investment (loss) gain \| Aerojet Rocketdyne Holdings, Inc.
Equity securities - U.S.
Long-Term Investments Balance				$ 202,141		$ 201,278
Ownership percentage				4.50%		4.50%
Net investment (loss) gain \| Other long-term investments
Equity securities - U.S.
Long-Term Investments Balance				$ 11,206		$ 9,575
Net investment (loss) gain \| Steel Connect, Inc. ("STCN") convertible notes \| Steel Connect, Inc (STCN)
Equity securities - U.S.
Long-Term Investments Balance				13,563		$ 14,521
Investments in Associated Companies:
Realized gain (loss)				$ (32)	$ 367

Investments - Equity Securities

Investments - Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net gains (losses) recognized during the period on equity securities	$ 607	$ (27,726)
Less: Net losses recognized during the period on equity securities sold during the period	(3)	0
Unrealized gains (losses) recognized during the period on equity securities still held at the end of the period	$ 610	$ (27,726)

Investments - Other Investments

Investments - Other Investments - Related Party (Details) - WebBank - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Held to maturity securities	$ 144,013	$ 176,719
Gross Unrealized Gains	376	146
Estimated Fair Value	144,389	176,865
Maturities held one through five years	137,225	169,783
Maturities between years five and ten	5,147	5,281
Maturities, after ten years	$ 1,641	$ 1,655

Debt - Long-term and Short-term

Debt - Long-term and Short-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt, Long-term and Short-term, Combined Amount [Abstract]
Short-term debt	$ 987	$ 685
Total	182,272	179,639
Less: portion due within one year	67	67
Long-term debt	182,205	179,572
Total debt	183,259	180,324
Loans Payable \| Revolving Credit Facility
Debt, Long-term and Short-term, Combined Amount [Abstract]
Total	181,300	178,650
Other debt - domestic
Debt, Long-term and Short-term, Combined Amount [Abstract]
Total	972	989
Foreign
Debt, Long-term and Short-term, Combined Amount [Abstract]
Short-term debt	$ 987	$ 685

Debt - Maturities (Details)

Debt - Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Total	$ 182,272	$ 179,639
2023	67
2024	67
2025	67
2026	181,367
2027	704
Thereafter	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details)	3 Months Ended
Debt - Narrative (Details)	Mar. 31, 2023 USD ($)
New Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 600,000,000
Line of credit, amount available for increase	$ 300,000,000
Leverage ratio	3.50
Commitment fee to be paid on unused borrowings	0.15%
Leverage ratio following a material acquisition	4.50
Interest coverage ratio	3
Remaining borrowing capacity	$ 408,300,000
New Credit Agreement \| Maximum
Debt Instrument [Line Items]
Leverage ratio	4.25
Sublimit for Issuance of Swing Loans
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Standby Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000
Sublimit For Optional Currency
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	6.12%
Line of credit	$ 10,448,000
Remaining borrowing capacity	$ 408,300,000

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) $ in Thousands	3 Months Ended
Financial Instruments - Narrative (Details) $ in Thousands	Mar. 31, 2023 USD ($) oz	Dec. 31, 2022 USD ($)
Silver, Ounces, Copper Contracts \| Commodity contracts \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Amount (in whole units) \| oz	74,481
WebBank
Derivatives, Fair Value [Line Items]
Undisbursed loan commitment \| $	$ 628,127	$ 606,537
Minimum
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	3 years
Maximum
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	5 years

Financial Instruments - Commodi

Financial Instruments - Commodity Contracts (Details) - Not Designated as Hedging Instrument - Commodity $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) oz lb T
Silver, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	74,693
Notional Value	$ 1,713
Gold, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	19
Notional Value	$ 38
Palladium, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	1,177
Notional Value	$ 1,678
Platinum, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	16
Notional Value	$ 16
Copper, Pounds
Derivative [Line Items]
Amount (in whole units) \| lb	216,000
Notional Value	$ 740
Tin, Metric Tons
Derivative [Line Items]
Amount (in whole units) \| T	20
Notional Value	$ 408

Financial Instruments - Balance

Financial Instruments - Balance Sheet Location (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Commodity contracts \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ (218)
Derivative liabilities		$ (70)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accrued liabilities
Commodity contracts \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ (161)
Derivative liabilities		$ (177)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accrued liabilities
Economic interests in loans \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ 4,980	$ 5,728
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets

Financial Instruments - Income

Financial Instruments - Income Statement Location (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss)	$ 1,804	$ 36
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss)	$ 544	$ (994)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
Economic interests in loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss)	$ 1,260	$ 1,030
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total revenue	Total revenue

Pension and Other Post-Retire_3

Pension and Other Post-Retirement Benefits - Components of Pension Expense and Other Postretirement Benefit Expense (Details) - Defined Benefit Plan - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plans Disclosure [Line Items]
Interest cost	$ 4,538	$ 2,382
Expected return on plan assets	(4,467)	(6,336)
Amortization of actuarial loss	2,882	2,128
Total net pension expense (income)	$ 2,953	$ (1,826)

Pension and Other Post-Retire_4

Pension and Other Post-Retirement Benefits - Narrative (Details) - Defined Benefit Plan - USD ($) $ in Thousands	Apr. 13, 2023	Mar. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected employer contributions		$ 5,814
Subsequent Event
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Current employer contributions	$ 2,000

Capital and Accumulated Other_3

Capital and Accumulated Other Comprehensive Loss - Narrative (Details) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended		12 Months Ended		76 Months Ended
	May 04, 2023 $ / shares shares	Jun. 09, 2021 shares	May 18, 2020 shares	Apr. 30, 2023 USD ($) shares	Mar. 31, 2023 USD ($) day $ / shares shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 $ / shares shares	Dec. 31, 2012	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 21, 2023 shares	Dec. 07, 2016 shares	Jan. 02, 2012
Class of Stock [Line Items]
Common units outstanding (in shares)					21,667,031		21,605,093		21,667,031
Units repurchased value \| $					$ 3,248
Days prior to a measurement date \| day					20
Weighted average price per share, common units (in dollars per share) \| $ / shares					$ 41.82				$ 41.82
Incentive units granted, percentage of outstanding common units												100%
Common units issued (in shares)					21,667,031		21,605,093		21,667,031
Subsequent Event
Class of Stock [Line Items]
Dividends declared (in dollars per share) \| $ / shares	$ 0.375
Incentive Unit Award
Class of Stock [Line Items]
Increase in equity value, percent								15%
Units vested (in shares)					88,365		200,253
Baseline equity value (in dollars per share) \| $ / shares							$ 39.26
Class A
Class of Stock [Line Items]
Common units outstanding (in shares)					21,667,031				21,667,031
Common Units
Class of Stock [Line Items]
Authorized repurchase shares amount (in shares)											7,770,240
Units repurchased (in shares)					75,504				7,421,496
Units repurchased value \| $					$ 3,248				$ 147,606
Units that may yet be purchased (in shares)					348,744				348,744
Common Units \| Subsequent Event
Class of Stock [Line Items]
Units repurchased (in shares)				720
Units repurchased value \| $				$ 30
Additional shares authorized (in shares)	1,000,000
Series A Preferred Units
Class of Stock [Line Items]
Stated interest rate					6%				6%
Preferred unit dividend \| $					$ 2,408	$ 2,408
Preferred unit term					9 years
Liquidation preference (in dollars per share) \| $ / shares					$ 25				$ 25
Repurchase period in force					60 days
Preferred units outstanding (in shares)					6,422,128		6,422,128		6,422,128
Class C
Class of Stock [Line Items]
Common units issued (in shares)										200,253
2018 Incentive Award Plan
Class of Stock [Line Items]
Additional shares authorized (in shares)		1,000,000	500,000
Shares authorized (in shares)		2,000,000	1,000,000
RSUs granted (in shares)					800
2018 Incentive Award Plan \| Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Unearned compensation \| $					$ 34				$ 34

Capital and Accumulated Other_4

Capital and Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	$ 801,460	$ 669,048
Net other comprehensive income (loss) attributable to common unitholders	1,093	(459)
Balance at end of year	819,841	654,225
Unrealized loss on available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(92)	(92)
Net other comprehensive income (loss) attributable to common unitholders	0	0
Balance at end of year	(92)	(92)
Cumulative translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(17,113)	(13,961)
Net other comprehensive income (loss) attributable to common unitholders	1,093	(459)
Balance at end of year	(16,020)	(14,420)
Change in net pension and other benefit obligations
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(134,669)	(117,750)
Net other comprehensive income (loss) attributable to common unitholders	0	0
Balance at end of year	(134,669)	(117,750)
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(151,874)	(131,803)
Net other comprehensive income (loss) attributable to common unitholders	1,093	(459)
Balance at end of year	$ (150,781)	$ (132,262)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision	$ 14,604	$ 7,609

Net Income Per Common Unit (Det

Net Income Per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net income	$ 24,803	$ 4,541
Net loss attributable to noncontrolling interests in consolidated entities	43	24
Net income attributable to common unitholders	24,846	4,565
Effect of dilutive securities:
Interest expense from SPLP Preferred Units	3,069	0
Net income attributable to common unitholders – assuming dilution	$ 27,915	$ 4,565
Net income per common unit – basic
Net income (loss) attributable to common unitholders (in dollars per share)	$ 1.15	$ 0.21
Net income per common unit – diluted
Net income attributable to common unitholders (in dollars per share)	$ 1.09	$ 0.20
Denominator for net income per common unit - basic (in shares)	21,685,794	22,209,071
Effect of dilutive securities:
Incentive Units (in shares)	88,365	254,013
Unvested restricted common units (in shares)	15,756	179,932
SPLP Preferred Units (in shares)	3,751,331	0
Denominator for net income per common unit - diluted (in shares)	25,541,246	22,643,016
Antidilutive units excluded from computation of earnings per share (in shares)		4,154,974

Fair Value Measurements - Hiera

Fair Value Measurements - Hierarchy Table (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Liabilities:
Investment fair value	$ 305,960	$ 309,697
PCS Mosaic
Liabilities:
Investment fair value	23,323	23,323
Warrants
Assets:
Derivative asset total		3,564
Fair Value, Measurements, Recurring
Assets:
Derivative asset total	327,877	328,563
Liabilities:
Total	31,420	30,362
Fair Value, Measurements, Recurring \| Long-term investments
Assets:
Derivative asset total	282,637	286,375
Fair Value, Measurements, Recurring \| Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	36,696	32,896
Fair Value, Measurements, Recurring \| Economic interests in loans
Assets:
Derivative asset total	4,980	5,728
Fair Value, Measurements, Recurring \| Commodity contracts on precious metal and commodity inventories
Liabilities:
Financial instruments total	379	247
Fair Value, Measurements, Recurring \| Warrants
Assets:
Derivative asset total	3,564
Fair Value, Measurements, Recurring \| Other precious metal liabilities
Liabilities:
Financial instruments total	31,041	30,115
Fair Value, Measurements, Recurring \| Level 1
Assets:
Derivative asset total	267,956	266,935
Liabilities:
Total	31,041	30,115
Fair Value, Measurements, Recurring \| Level 1 \| Long-term investments
Assets:
Derivative asset total	231,260	234,039
Fair Value, Measurements, Recurring \| Level 1 \| Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	36,696	32,896
Fair Value, Measurements, Recurring \| Level 1 \| Economic interests in loans
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Commodity contracts on precious metal and commodity inventories
Liabilities:
Financial instruments total	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Warrants
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Other precious metal liabilities
Liabilities:
Financial instruments total	31,041	30,115
Fair Value, Measurements, Recurring \| Level 2
Assets:
Derivative asset total	0	0
Liabilities:
Total	379	247
Fair Value, Measurements, Recurring \| Level 2 \| Long-term investments
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Economic interests in loans
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Commodity contracts on precious metal and commodity inventories
Liabilities:
Financial instruments total	379	247
Fair Value, Measurements, Recurring \| Level 2 \| Warrants
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Other precious metal liabilities
Liabilities:
Financial instruments total	0	0
Fair Value, Measurements, Recurring \| Level 3
Assets:
Derivative asset total	59,921	61,628
Liabilities:
Total	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Long-term investments
Assets:
Derivative asset total	51,377	52,336
Fair Value, Measurements, Recurring \| Level 3 \| Precious metal and commodity inventories recorded at fair value
Assets:
Derivative asset total	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Economic interests in loans
Assets:
Derivative asset total	4,980	5,728
Fair Value, Measurements, Recurring \| Level 3 \| Commodity contracts on precious metal and commodity inventories
Liabilities:
Financial instruments total	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Warrants
Assets:
Derivative asset total	3,564	3,564
Fair Value, Measurements, Recurring \| Level 3 \| Other precious metal liabilities
Liabilities:
Financial instruments total	$ 0	$ 0

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Inputs Reconciliation - Assets (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 61,628	$ 63,497
Sales and cash collections	(3,008)	(1,731)
Realized gains	1,260	1,734
Unrealized gains	43
Unrealized losses	(2)	(764)
Balance at end of period	59,921	62,736
Long Term Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	52,336	50,085
Sales and cash collections	(1,000)	0
Realized gains	0	0
Unrealized gains	43
Unrealized losses	(2)	(764)
Balance at end of period	51,377	49,321
Economic Interest In Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	5,728	6,483
Sales and cash collections	(2,008)	(1,731)
Realized gains	1,260	1,030
Unrealized gains	0
Unrealized losses	0	0
Balance at end of period	4,980	5,782
Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	3,564	6,929
Sales and cash collections	0	0
Realized gains	0	704
Unrealized gains	0
Unrealized losses	0	0
Balance at end of period	$ 3,564	$ 7,633

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - Securities (Assets)	Mar. 31, 2023
Constant prepayment rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0894
Constant prepayment rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.3570
Default rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0172
Default rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.2191
Discount rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0182
Discount rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.2543

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details)						3 Months Ended
Commitments and Contingencies - Narrative (Details)	Sep. 23, 2022 USD ($)	Aug. 17, 2021 shares	Aug. 13, 2021 USD ($)	Aug. 21, 2019 USD ($)	Apr. 13, 2018 USD ($)	Mar. 31, 2023 USD ($) claim defendant	Dec. 31, 2022 USD ($)	Jul. 01, 2020 USD ($)	Dec. 31, 2012 USD ($)
Loss Contingencies [Line Items]
Settlement offer				$ 1,070,000
Amount requested from other party						$ 11,500,000
Increase in reserve				$ 1,070,000
Shares surrendered (in shares) \| shares		3,300,000
Increase in settlement proposed	$ 250,000
Steel Partners Holding LP
Loss Contingencies [Line Items]
Net settlement payments			$ 1,100,000
Steel Connect, Inc (STCN)
Loss Contingencies [Line Items]
Net settlement payments			1,650,000
Mr. Lichtenstein
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		2,133,333
Mr. Howard
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		1,066,667
Vested \| Mr. Lichtenstein
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		1,833,333
Vested \| Mr. Howard
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		916,667
Vested \| Mr. Fejes
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		100,000
Unvested \| Mr. Lichtenstein
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		300,000
Unvested \| Mr. Howard
Loss Contingencies [Line Items]
Shares surrendered (in shares) \| shares		150,000
Accrued liabilities
Loss Contingencies [Line Items]
Accrual for environmental matters						12,380,000	$ 12,692,000
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Accrual for environmental matters						$ 24,829,000	24,765,000
BNS Subsidiary
Loss Contingencies [Line Items]
Number of claims, litigation matters \| claim						50,000
BNS Subsidiary \| Insurance Claims
Loss Contingencies [Line Items]
Accrual relating to open and active claims						$ 1,418,000	$ 1,418,000
Minimum \| BNS Subsidiary
Loss Contingencies [Line Items]
Loss contingency, number of defendants \| defendant						100,000
Adjacent Parcel \| Environmental and Other Matters
Loss Contingencies [Line Items]
Accrual increase						$ 14,500,000
Adjacent Parcel \| Environmental and Other Matters \| Minimum \| Handy & Harman Ltd. (HNH)
Loss Contingencies [Line Items]
Environmental exit costs, additional loss						10,500,000
Adjacent Parcel \| Environmental and Other Matters \| Maximum \| Handy & Harman Ltd. (HNH)
Loss Contingencies [Line Items]
Environmental exit costs, additional loss						17,500,000
Steel Connect, Inc (STCN)
Loss Contingencies [Line Items]
Net settlement payments			$ 2,750,000
Costs \| Environmental and Other Matters
Loss Contingencies [Line Items]
Settlement offer								$ 10,500,000
Costs \| Environmental and Other Matters \| Steel Partners Holding LP
Loss Contingencies [Line Items]
Settlement offer								$ 2,625,000
Settlement offer, share percentage								25%
Costs \| Environmental and Other Matters \| Non-affiliated Corporations
Loss Contingencies [Line Items]
Settlement offer								$ 7,875,000
Settlement offer, share percentage								75%
Costs \| Environmental and Other Matters \| Cycle Chem
Loss Contingencies [Line Items]
Settlement offer								$ 3,500,000
Settlement offer, share percentage								100%
Costs \| Former Owner / Operator
Loss Contingencies [Line Items]
Accrual for environmental matters						$ 2,700,000
Costs \| Former Owner / Operator \| Environmental and Other Matters
Loss Contingencies [Line Items]
Ownership responsibility for site investigation and remediation costs percentage allocation						75%
Costs \| Hhem and HandH \| Steel Partners Holding LP
Loss Contingencies [Line Items]
Accrual for environmental matters						$ 900,000
Costs \| Hhem and HandH \| Environmental and Other Matters
Loss Contingencies [Line Items]
Ownership responsibility for site investigation and remediation costs percentage allocation						25%
Payments						$ 1,000,000
Camden \| SLI
Loss Contingencies [Line Items]
Accrual for environmental matters						2,900,000
Counteroffer						300,000
Camden - Past And Future Expenses \| SLI
Loss Contingencies [Line Items]
Damages claimed									$ 1,800,000
Wayne facility \| SLI
Loss Contingencies [Line Items]
Accrual for environmental matters						$ 1,300,000
Preferred stock \| Steel Connect, Inc (STCN)
Loss Contingencies [Line Items]
Stock acquired					$ 35,000,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Parties (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Receivable from related parties	$ 752	$ 962
Deferred fees payable to related party	907	2,881
Related Parties
Related Party Transaction [Line Items]
Receivable from related parties	788	967
Receivable from other related parties
Related Party Transaction [Line Items]
Receivable from other related parties	(36)	(5)
Deferred fees payable to related party	406	2,582
Accrued management fees
Related Party Transaction [Line Items]
Deferred fees payable to related party	$ 501	$ 299

Related Party Transactions - Ma

Related Party Transactions - Management Agreement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Deferred fees payable to related party	$ 907		$ 2,881
SP General Services LLC
Related Party Transaction [Line Items]
Management fee percentage, quarterly basis	1.50%
Management agreement renewal, term	1 year
Notice period prior to management agreement renewal, period	60 days
SP General Services LLC \| Management Fee
Related Party Transaction [Line Items]
Services fees and reimbursable expenses	$ 3,001	$ 2,488
Unpaid amount for management fee	501		299
SP General Services LLC \| Reimbursable Expenses
Related Party Transaction [Line Items]
Services fees and reimbursable expenses	606	$ 774
Deferred fees payable to related party	$ 250		$ 2,427

Related Party Transactions - Co

Related Party Transactions - Corporate Services (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Receivable from related parties	$ 752	$ 962
Related Parties
Related Party Transaction [Line Items]
Receivable from related parties	788	$ 967
Related Parties \| Management Fee
Related Party Transaction [Line Items]
Services fees and reimbursable expenses	$ 3,432

Related Party Transactions - Ot

Related Party Transactions - Other (Details) - Related Parties - WebBank - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Deposits	$ (1,113)	$ (1,112)
Consolidation, eliminations
Related Party Transaction [Line Items]
Deposits	$ 30	$ 31

Segment Information - Segment D

Segment Information - Segment Description (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 445,371	$ 405,745
Management Fee \| Diversified Industrial
Segment Reporting Information [Line Items]
Total revenue	10,772	10,356
Management Fee \| Energy
Segment Reporting Information [Line Items]
Total revenue	1,989	1,426
Management Fee \| Financial Services
Segment Reporting Information [Line Items]
Total revenue	$ 422	$ 382

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenue:	$ 445,371	$ 405,745
Income from operations before income taxes and equity method investments	45,393	16,674
Interest expense	5,986	4,524
Income tax provision	14,604	7,609
Net income from continuing operations	24,803	4,541
Total	3,967	4,643
Depreciation and amortization	12,943	14,163
Corporate and Other
Segment Reporting Information [Line Items]
Income from operations before income taxes and equity method investments	(6,837)	(35,287)
Total	3,967	4,643
Depreciation and amortization	172	153
Diversified Industrial \| Operating Segments
Segment Reporting Information [Line Items]
Revenue:	304,426	327,249
Income from operations before income taxes and equity method investments	21,138	34,082
Depreciation and amortization	10,015	11,361
Energy \| Operating Segments
Segment Reporting Information [Line Items]
Revenue:	48,164	38,317
Income from operations before income taxes and equity method investments	5,240	3,952
Depreciation and amortization	2,540	2,521
Financial Services \| Operating Segments
Segment Reporting Information [Line Items]
Revenue:	92,781	40,179
Income from operations before income taxes and equity method investments	25,852	13,927
Depreciation and amortization	$ 216	$ 128

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conversation buffer of risk-weighted assets	2.50%
CET1 Ratio	7%
Total Capital (to risk-weighted assets)
Actual	$ 324,463	$ 306,618
For Capital Adequacy Purposes	173,478	163,952
Minimum Capital Adequacy With Capital Buffer	227,689	215,187
To Be Well Capitalized Under Prompt Corrective Provisions	$ 216,847	$ 204,940
Actual (Ratio)	0.1500	0.1500
For Capital Adequacy Purposes (Ratio)	0.0800	0.0800
Minimum Capital Adequacy With Capital Buffer (Ratio)	10.50%	10.50%
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.1000	0.1000
Tier 1 Capital (to risk-weighted assets)
Actual	$ 297,271	$ 280,951
For Capital Adequacy Purposes	130,108	122,964
Minimum Capital Adequacy With Capital Buffer	184,320	174,199
To Be Well Capitalized Under Prompt Corrective Provisions	$ 173,478	$ 163,952
Actual (Ratio)	0.1370	0.1370
For Capital Adequacy Purposes (Ratio)	0.0600	0.0600
Minimum Capital Adequacy With Capital Buffer (Ratio)	8.50%	8.50%
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.0800	0.0800
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual	$ 297,271	$ 280,951
For Capital Adequacy Purposes	97,581	92,223
Minimum Capital Adequacy With Capital Buffer	151,793	143,458
To Be Well Capitalized Under Prompt Corrective Provisions	$ 140,951	$ 133,211
Actual (Ratio)	13.70%	13.70%
For Capital Adequacy Purposes (Ratio)	4.50%	4.50%
Minimum Capital Adequacy With Capital Buffer (Ratio)	7%	7%
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	6.50%	6.50%
Tier 1 Capital (to average assets)
Actual	$ 297,271	$ 280,951
For Capital Adequacy Purposes	84,146	76,300
To Be Well Capitalized Under Prompt Corrective Provisions	$ 105,182	$ 95,375
Actual (Ratio)	0.1410	0.1470
For Capital Adequacy Purposes (Ratio)	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Provisions (Ratio)	0.0500	0.0500
Minimum
Total Capital (to risk-weighted assets)
Minimum Capital Adequacy With Capital Buffer (Ratio)	10.50%
Tier 1 Capital (to risk-weighted assets)
For Capital Adequacy Purposes (Ratio)	0.040
Minimum Capital Adequacy With Capital Buffer (Ratio)	8.50%
Maximum
Tier 1 Capital (to risk-weighted assets)
For Capital Adequacy Purposes (Ratio)	0.060

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Interest	$ 15,488	$ 4,649
Taxes	$ 659	$ 791

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event	Apr. 30, 2023 $ / shares shares
Steel Connect, Inc (STCN)
Subsequent Event [Line Items]
Net proceeds to be distributed to stockholders, percentage	70%
Aerojet Rocketdyne Holdings, Inc.
Subsequent Event [Line Items]
Common stock, par value (in dollars per share)	$ 0.10
Aerojet Rocketdyne Holdings, Inc. \| Common Stock
Subsequent Event [Line Items]
Shares exchanged (in shares) \| shares	3,597,744
Steel Connect, Inc (STCN)
Subsequent Event [Line Items]
Common stock, par value (in dollars per share)	$ 0.01
Steel Connect, Inc (STCN) \| Series E Convertible Preferred Stock
Subsequent Event [Line Items]
Shares exchanged (in shares) \| shares	3,500,000
Liquidation preference (in dollars per share)	$ 58.1087
Common stock issuable upon conversion of preferred stock (in shares) \| shares	184,891,318
Steel Connect, Inc (STCN) \| Series C Convertible Preferred Stock
Subsequent Event [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.01