Steel Partners (SPLP) 10-K8 Mar 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2023	Mar. 01, 2024	Jun. 30, 2023
Entity Listings [Line Items]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 248.1
Entity Common Stock, Shares Outstanding (in shares)		20,719,101
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Company's definitive proxy statement for the 2024 Annual Meeting of Limited Partners are incorporated by reference into Part III of this annual report on Form 10-K.
Entity Central Index Key	0001452857
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
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

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, New York

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 577,928	$ 234,448
Trade and other receivables - net of allowance for doubtful accounts of $2,481 and $2,414, respectively	216,429	183,861
Receivable from related parties:	$ 234	$ 961
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration]	Related Party	Related Party
Loans receivable, including loans held for sale of $868,884 and $602,675, respectively, net	$ 1,582,536	$ 1,131,745
Inventories, net	202,294	214,084
Prepaid expenses and other current assets	47,935	40,129
Total current assets	2,627,356	1,805,228
Long-term loans receivable, net	386,072	423,248
Goodwill	148,838	125,813
Other intangible assets, net	114,177	94,783
Other non-current assets	342,046	195,859
Property, plant and equipment, net	253,980	238,510
Operating lease right-of-use assets	76,746	42,711
Long-term investments	41,225	309,697
Total Assets	3,990,440	3,235,849
Current liabilities:
Accounts payable	131,922	109,572
Accrued liabilities	117,943	112,744
Deposits	1,711,585	1,360,477
Short-term debt	0	685
Current portion of long-term debt	67	67
Total current liabilities	2,065,132	1,649,143
Long-term deposits	370,107	208,004
Long-term debt	191,304	179,572
Other borrowings	15,065	41,682
Preferred unit liability	154,925	152,247
Accrued pension liabilities	46,195	84,948
Deferred tax liabilities	18,353	41,055
Long-term operating lease liabilities	61,790	35,512
Other non-current liabilities	62,161	42,226
Total Liabilities	2,985,032	2,434,389
Commitments and Contingencies
Capital:
Partners' capital common units: 21,296,067 and 21,605,093 issued and outstanding (after deducting 18,367,307 and 17,904,679 units held in treasury, at cost of $329,297 and $309,257, respectively	1,079,853	952,094
Accumulated other comprehensive loss	(121,223)	(151,874)
Total Partners' Capital	958,630	800,220
Noncontrolling interests in consolidated entities	46,778	1,240
Total Capital	1,005,408	801,460
Total Liabilities and Capital	3,990,440	3,235,849
Related Party
Current liabilities:
Other current liabilities	2,529	2,881
Nonrelated Party
Current liabilities:
Other current liabilities	$ 101,086	$ 62,717

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 2,481	$ 2,414
Loans receivable, held for sale	$ 868,884	$ 602,675
Common units issued (in shares)	21,296,067	21,605,093
Common units outstanding (in shares)	21,296,067	21,605,093
Common units held in treasury (in shares)	18,367,307	17,904,679
Common units held in treasury, at cost	$ 329,297	$ 309,257

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue:
Total revenue	$ 1,905,457	$ 1,695,441
Costs and expenses:
Cost of goods sold	1,103,017	1,096,936
Selling, general and administrative expenses	504,960	383,377
Asset impairment charges	865	3,162
Finance interest expense	80,432	16,907
Provision for credit losses	51,824	23,177
Interest expense	18,400	20,649
Gains from sales of businesses	(58)	(85,683)
Realized and unrealized gains on securities, net	(7,074)	(34,791)
Other income, net	(8,115)	(3,791)
Total costs and expenses	1,744,251	1,419,943
Income from operations before income taxes and equity method investments	161,206	275,498
Income tax (benefit) provision	(1,674)	73,944
Loss (income) of associated companies, net of taxes	$ 8,878	$ (4,611)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Loss (income) of associated companies, net of taxes	Loss (income) of associated companies, net of taxes
Net income	$ 154,002	$ 206,165
Net income attributable to noncontrolling interests in consolidated entities	(3,173)	(193)
Net income attributable to common unitholders	$ 150,829	$ 205,972
Net income per common unit - basic
Net income attributable to common unitholders (in dollars per share)	$ 7.04	$ 9.03
Net income per common unit - diluted
Net income attributable to common unitholders (in dollars per share)	$ 6.43	$ 8.12
Weighted-average number of common units outstanding - basic (in shares)	21,433,900	22,813,588
Weighted-average number of common units outstanding - diluted (in shares)	25,356,796	26,869,440
Diversified Industrial
Revenue:
Total revenue	$ 1,193,964	$ 1,285,666
Energy net revenue
Revenue:
Total revenue	179,438	181,811
Financial Services revenue
Revenue:
Total revenue	416,911	227,964
Supply Chain revenue
Revenue:
Total revenue	$ 115,144	$ 0

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 154,002	$ 206,165
Other comprehensive income (loss), net of tax:
Currency translation adjustments	2,120	(3,152)
Changes in pension liabilities and other post-retirement benefit obligations	28,531	(16,919)
Other comprehensive (loss) income	30,651	(20,071)
Comprehensive income	184,653	186,094
Comprehensive income attributable to noncontrolling interests	(3,173)	(193)
Comprehensive income attributable to common unitholders	$ 181,480	$ 185,901

Consolidated Statements of Chan

Consolidated Statements of Changes in Capital - USD ($) $ in Thousands	3 Months Ended	12 Months Ended		85 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	21,605,093	21,605,093
Balance at beginning of year	$ 801,460	$ 801,460	$ 669,048
Net (loss) income		154,002	206,165
Currency translation adjustments		2,120	(3,152)
Changes in pension liabilities and post-retirement benefit obligations		28,531	(16,919)
Equity compensation - restricted units		1,617	1,280
Tax withholding related to vesting of restricted units		(605)	(1,394)
Purchases of SPLP common units		(20,040)	(44,973)
Purchases of subsidiary shares from noncontrolling interest			(8,606)
Noncontrolling interests assumed upon consolidation of Steel Connect		44,718
Adjustment to interest in consolidated subsidiaries		(2,591)
Other, net		$ 58	$ 11
Balance at end of year (in shares)		21,296,067	21,605,093	21,296,067
Balance at end of year		$ 1,005,408	$ 801,460	$ 1,005,408
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	$ (3,862)	(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	800,220	663,337
Net (loss) income		150,829	205,972
Currency translation adjustments		2,120	(3,152)
Changes in pension liabilities and post-retirement benefit obligations		28,531	(16,919)
Equity compensation - restricted units		1,617	1,280
Tax withholding related to vesting of restricted units		(605)	(1,394)
Purchases of SPLP common units		(20,040)	(44,973)
Purchases of subsidiary shares from noncontrolling interest			(3,942)
Adjustment to interest in consolidated subsidiaries		(110)
Other, net		(70)	11
Balance at end of year		958,630	800,220	$ 958,630
Total Partners' Capital \| Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	$ (3,862)	$ (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	39,509,772	37,828,941
Equity compensation - restricted units (in shares)		169,332	1,712,781
Tax withholding related to vesting of restricted units (in shares)		(15,730)	(31,950)
Balance at end of year (in shares)		39,663,374	39,509,772	39,663,374
Treasury Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year (in shares)	17,904,679	17,904,679	16,810,932
Balance at beginning of year	$ 309,257	$ 309,257	$ 264,284
Purchases of SPLP common units (in shares)		(462,628)	(1,093,747)	(7,808,620)
Purchases of SPLP common units		$ (20,040)	$ (44,973)
Balance at end of year (in shares)		18,367,307	17,904,679	18,367,307
Balance at end of year		$ 329,297	$ 309,257	$ 329,297
Partners' Capital
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	952,094	952,094	795,140
Net (loss) income		150,829	205,972
Equity compensation - restricted units		1,617	1,280
Tax withholding related to vesting of restricted units		(605)	(1,394)
Purchases of SPLP common units		(20,040)	(44,973)
Purchases of subsidiary shares from noncontrolling interest			(3,942)
Adjustment to interest in consolidated subsidiaries		(110)
Other, net		(70)	11
Balance at end of year		1,079,853	952,094	1,079,853
Partners' Capital \| Cumulative Effect, Period of Adoption, Adjustment
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	(3,862)	(3,862)
Balance at end of year			(3,862)
Accumulated Other Comprehensive (Loss) Income
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	(151,874)	(151,874)	(131,803)
Currency translation adjustments		2,120	(3,152)
Changes in pension liabilities and post-retirement benefit obligations		28,531	(16,919)
Balance at end of year		(121,223)	(151,874)	(121,223)
Noncontrolling Interests in Consolidated Entities
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance at beginning of year	$ 1,240	1,240	5,711
Net (loss) income		3,173	193
Purchases of subsidiary shares from noncontrolling interest			(4,664)
Noncontrolling interests assumed upon consolidation of Steel Connect		44,718
Adjustment to interest in consolidated subsidiaries		(2,481)
Other, net		128
Balance at end of year		$ 46,778	$ 1,240	$ 46,778

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 154,002	$ 206,165
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	51,824	23,177
Loss (income) of associated companies, net of taxes	8,878	(4,611)
Realized and unrealized gains on securities, net	(7,074)	(34,791)
Gains from sale of businesses	(58)	(85,683)
Gain on sale of property, plant and equipment	0	(940)
Derivative gains on economic interests in loans	(4,713)	(5,294)
Non-cash pension expense (income)	11,806	(7,042)
Deferred income taxes	(30,069)	48,546
Depreciation and amortization	56,565	53,755
Non-cash lease expense	18,377	10,461
Equity-based compensation	1,617	1,280
Asset impairment charges	865	3,162
Other	4,166	2,843
Net change in operating assets and liabilities:
Trade and other receivables	4,802	(710)
Inventories	19,247	(41,086)
Prepaid expenses and other assets	(7,718)	(10,431)
Accounts payable, accrued and other liabilities	4,914	35,012
Net increase in loans held for sale	(266,209)	(404,043)
Total cash (used in) provided by operating activities	21,222	(210,230)
Cash flows from investing activities:
Purchases of investments	(208,836)	(310,798)
Proceeds from maturities of investments	45,731	156,050
Proceeds from sales of investments	213,319	19,828
Principal repayment on Steel Connect Convertible Note	1,000	0
Loan originations, net of collections	(208,571)	(90,030)
Purchases of property, plant and equipment	(51,451)	(47,541)
Proceeds from sale of property, plant and equipment	1,846	1,241
Proceeds from sale of businesses	0	142,426
Acquisitions, net of cash acquired	0	(47,280)
Increase in cash upon consolidation of Steel Connect	65,896	0
Other	(1,136)	(454)
Net cash used in investing activities	(142,202)	(176,558)
Cash flows from financing activities:
Net revolver borrowings (repayments)	11,115	(90,616)
Repayments of term loans	(67)	(82)
Purchases of the Company's common units	(20,040)	(44,973)
Net decrease in other borrowings	(26,486)	(291,117)
Distribution to preferred unitholders	(9,633)	(9,633)
Purchase of subsidiary shares from noncontrolling interests	(2,934)	(8,606)
Tax withholding related to vesting of restricted units	(605)	(1,394)
Net increase in deposits	513,211	743,593
Net cash provided by financing activities	464,561	297,172
Net change for the period	343,581	(89,616)
Effect of exchange rate changes on cash and cash equivalents	(101)	(1,299)
Cash and cash equivalents at beginning of period	234,448	325,363
Cash and cash equivalents at end of period	$ 577,928	$ 234,448

NATURE OF THE BUSINESS AND BASI

NATURE OF THE BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
NATURE OF THE BUSINESS AND BASIS OF PRESENTATION	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF THE BUSINESS AND BASIS OF PRESENTATION	NATURE OF THE BUSINESS AND BASIS OF PRESENTATION Nature of the Business Steel Partners Holdings L.P. ("SPLP" or "Company") is a diversified global holding company that engages in multiple businesses through consolidated subsidiaries and other interests. It owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, banking, defense, supply chain management and logistics and youth sports. SPLP operates through the following segments: Diversified Industrial, Energy, Financial Services and Supply Chain, which are managed separately and offer different products and services. For additional details related to the Company's reportable segments see Note 21 - "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 20 - "Related Party Transactions." Basis of Presentation

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates in Preparation of Consolidated Financial Statements The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP"). The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses, and related disclosure of contingent assets and liabilities during the reporting period. The more significant estimates include: (1) revenue recognition; (2) the valuation allowances for trade and other receivables, loans receivable and inventories; (3) the valuation of goodwill, indefinite-lived intangible assets, long-lived assets and associated companies; (4) the valuation of deferred tax assets; (5) contingencies, including legal and environmental liabilities; (6) fair value of derivatives; (7) post-employment benefit liabilities; (8) estimates and assumptions used in the determination of fair value of certain securities; and (9) estimates of loan losses. Actual results may differ from the estimates used in preparing the consolidated financial statements; and, due to substantial holdings in and/or restrictions on certain investments, the value that may be realized could differ from the estimated fair value. Cash and Cash Equivalents Cash and cash equivalents include cash and deposits in depository institutions and financial institutions, and includes WebBank cash at the Federal Reserve Bank. The Company considers all highly liquid debt instruments with maturities of three months or less when purchased to be cash equivalents. Cash and cash equivalents include qualifying money market funds and exclude amounts where availability is restricted by loan agreements or other contractual provisions. Cash equivalents are stated at cost, which approximates market value. Marketable Securities and Long-Term Investments Marketable securities consist of short-term deposits, corporate debt and equity instruments, and mutual funds. The Company classifies its marketable securities as current assets based on the nature of the securities and their availability for use in current operations. Long-term investments consist of equity securities and certain associated company investments. Held-to-maturity securities are classified in Other non-current assets. SPLP determines the appropriate classifications of its investments at the acquisition date and re-evaluates the classifications at each balance sheet date. • Available-for-sale equity securities are reported at fair value, with unrealized gains and losses recognized in Realized and unrealized gains on securities, net in the consolidated statements of operations. • Available-for-sale debt securities are reported at fair value, with unrealized gains and losses recognized in accumulated other comprehensive income or loss ("AOCI") as a separate component of SPLP's Partners' capital in both 2023 and 2022. • Associated companies represent equity method investments in companies where the Company's ownership is generally between 20% and 50% of the outstanding equity and it has the ability to exercise significant influence, but not control, over the investee. For equity method investments where the fair value option has been elected, unrealized gains and losses are reported in the Company's consolidated statements of operations as part of Loss of associated companies, net of taxes. For the equity method investments where the fair value option has not been elected, SPLP records the investment at cost and subsequently increases or decreases the investment by its proportionate share of the net income or loss and other comprehensive income or loss of the investee. • Held-to-maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums or discounts. Dividend and interest income is recognized when earned. Realized gains and losses on marketable securities and long-term investments are included in earnings and are derived using the specific-identification method. Commission expense is recorded as a reduction of sales proceeds on investment sales. Commission expense on purchases is included in the cost of investments on the Company's consolidated balance sheets. Other Than Temporary Impairment If the Company believes a decline in the market value of any available-for-sale debt security, equity method or held-to-maturity security below cost is other than temporary, a loss is charged to earnings, which establishes a new cost basis for the security. Impairment losses are included in Asset impairment charges in the Company's consolidated statements of operations. SPLP's determination of whether a security is other than temporarily impaired incorporates both quantitative and qualitative information. The Company considers a number of factors including, but not limited to, the length of time and the extent to which the fair value has been less than cost, the length of time expected for recovery, the financial condition of the issuer, the reason for the decline in fair value, changes in fair value subsequent to the balance sheet date, the ability and intent to hold investments to maturity, and other factors specific to the individual investment. Specifically, for held-to-maturity securities, the Company considers whether it plans to sell the security or it is more-likely-than-not that it will be required to sell the security before recovery of its amortized cost. The credit component of an other-than-temporary impairment loss is recognized in earnings and the non-credit component is recognized in AOCI in situations where the Company does not intend to sell the security and it is more likely-than-not that the Company will not be required to sell the security prior to recovery. SPLP's assessment involves a high degree of judgment and accordingly, actual results may differ materially from those estimates and judgments. Trade Receivables, Net Trade receivables, net, include amounts billed and due from customers. The Company maintains an allowance for credit losses to provide for the estimated amount that will not be collected. The allowance for credit losses is based on current and historical information and reasonable and supportable forecasts of future events and circumstances and includes a combination of factors including management's evaluation of the financial condition of the customer, historical experience, credit quality, whether any amounts are currently past due, the length of time accounts may be past due and management's determination of a customer's current ability to pay its obligations. Trade receivable balances are charged off against the allowance when it is determined that the receivables will not be recovered, and payments subsequently received on such receivables are credited to recovery of accounts written off. The Company believes that the credit risk with respect to trade receivables is limited due to this credit evaluation process. As of December 31, 2023, the top 10 of the Company's largest customer balances accounted for 27% of the Company's trade receivables. The Company's allowance for doubtful accounts for trade receivables was $2,481 and $2,414 as of December 31, 2023 and 2022, respectively. The Company recorded charges of $419 to the allowance offset by recoveries of $352 for the year ended December 31, 2023 and charges of $525 to the allowance offset by recoveries of $1,621 for the year ended December 31, 2022. 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 generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for credit losses, and any deferred fees or costs on originated loans. 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 the lower of amortized cost basis or fair value. 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 management's 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 for WebBank's held to maturity debt securities debt securities portfolio is not presented separately on the consolidated balance sheet due to immateriality. 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. Specific reserves cover impaired loans, or loans individually valuated for impairment, and are primarily measured based on the fair value of collateral. Adjustments to the fair value of collateral are made for anticipated selling costs. A specific reserve may be zero if the fair value of collateral on the measurement date is greater than the carrying balance of the impaired loan. Additionally, the present value of expected future cash flows discounted at the original contractual interest rate may also be used, when practical. 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. Inventories Inventories are generally stated at the lower of cost (determined by the first-in, first-out method or average cost method) and net realizable value. Cost is determined by the last-in, first-out ("LIFO") method for certain precious metal inventory held in the U.S., and remaining precious metal inventory is primarily carried at fair value. For precious metal inventory, no segregation among raw materials, work in process and finished products is practicable. For other inventory, the cost of work in process and finished products comprises the cost of raw materials, direct labor and overhead costs attributable to the production of inventory. Non-precious metal inventories are evaluated for estimated excess and obsolescence based upon assumptions about future demand and market conditions, and are adjusted accordingly. If actual market conditions are less favorable than those projected, future write-downs may be required. Goodwill and Other Intangible Assets, Net Goodwill, which is not amortized, represents the difference between the purchase price and the fair value of identifiable net assets acquired in a business combination. Goodwill is tested for impairment at a reporting unit level, and all of the Company’s goodwill is assigned to its reporting units. Reporting units are determined based upon the Company’s organizational structure in place at the date of the goodwill impairment testing and are generally one level below the operating segment level. The Company tests goodwill annually for impairment as of December 1st, and additionally on an interim basis, if events occur or circumstances change that would indicate the carrying amount may be impaired. Examples of such events would include pertinent macroeconomic conditions, industry and market considerations, overall financial performance and other factors. An entity can choose between using a qualitative impairment test often referred to as “Step 0” or a quantitative impairment test often referred to as “Step 1”. For the Step 0 approach, an entity may assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. An entity has an unconditional option to bypass the Step 0 assessment for any reporting unit in any period and proceed directly to performing a Step 1 of the goodwill impairment test. An entity may resume performing the Step 0 assessment in any subsequent period. For the Step 1 approach, which is a quantitative approach, the Company will calculate the fair value of a reporting unit and compare it to its carrying amount. There are several methods that may be used to estimate a reporting unit's fair value, including the income approach, the market approach and/or the cost approach. The amount of impairment, if any, is determined by comparing the fair value of a reporting unit with its carrying amount and recognizing an impairment charge based on the amount that the carrying amount exceeds the reporting unit's fair value. The loss recognized should not exceed the total goodwill allocated to the reporting unit. For finite-lived intangible assets, the Company evaluates the carrying amount of such assets when circumstances indicate the carrying amount may not be recoverable. Conditions that could have an adverse impact on the cash flows and fair value of the long-lived assets are deteriorating business climate, condition of the asset or plans to dispose of the asset before the end of its useful life. If the assets' carrying amounts exceed the sum of the undiscounted cash flows, an impairment charge is recognized in the amount by which the carrying amounts exceeds their fair values. The Company performs such assessments at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, which is generally at the plant level, operating company level or the reporting unit level, depending on the level of interdependencies in the Company's operations. Indefinite-lived intangible assets are tested for impairment at least annually, or when events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Companies can use the same two testing approaches for indefinite-lived intangibles as for goodwill. There were no impairments of goodwill or other intangible assets in 2023 and 2022. Derivatives The Company uses various hedging instruments to reduce the impact of changes in precious metal prices and the effect of foreign currency fluctuations. These instruments are recorded as either fair value hedges, economic hedges, cash flow hedges or derivatives with no hedging designation. Precious Metals The Company's precious metal and commodity inventories are subject to market price fluctuations. The Company enters into commodity futures and forward contracts to mitigate the impact of price fluctuations on its precious and certain non-precious metal inventories that are not subject to fixed price contracts. The Company's hedging strategy is designed to protect it against normal volatility; therefore, abnormal price changes in these commodities or markets could negatively impact the Company's earnings. Fair Value Hedges . The fair values of these derivatives are recognized as derivative assets and liabilities on the Company's consolidated balance sheets. The net change in fair value of the derivative assets and liabilities, and the change 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. The fair value hedges are associated primarily with the Company's precious metal inventory carried at fair value. Economic Hedges . As these derivatives are not designated as accounting hedges under U.S. GAAP, they are accounted for as derivatives with no hedge designation. The derivatives are marked to market, and both realized and unrealized gains and losses are recorded in current period 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. 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 18 - "Fair Value Measurements"). At December 31, 2023, outstanding derivatives mature within 3 to 5 years. Gains and losses resulting from changes in 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 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. Property, Plant and Equipment, Net Property, plant and equipment is recorded at cost. Depreciation of property, plant and equipment is recorded principally on the straight line method over the estimated useful lives of the assets, which range as follows: machinery and equipment 3 to 15 years and buildings and improvements 10 to 30 years. Leasehold improvements are amortized over the shorter of the terms of the related leases or the estimated useful lives of the improvements. Interest cost is capitalized for qualifying assets during the assets' acquisition period. Maintenance and repairs are charged to expense, and renewals and betterments are capitalized. Gains or losses on dispositions is recorded in Other income, net. The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. If the carrying amounts of the long-lived assets exceed the sum of the undiscounted cash flows, an impairment charge is recognized in the amount by which the carrying amounts exceeds their fair values, which is generally determined using a discounted cash flow methodology. The Company performs such assessments at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, which is generally at the plant level, operating company level or the reporting unit level, depending on the level of interdependencies in the Company's operations. The Company considers various factors in determining whether an impairment test is necessary, including among other things: a significant or prolonged deterioration in operating results and projected cash flows; significant changes in the extent or manner in which assets are used; technological advances with respect to assets which would potentially render them obsolete; the Company's strategy and capital planning; and the economic climate in the markets it serves. When estimating future cash flows and if necessary, fair value, the Company makes judgments as to the expected utilization of assets and estimated future cash flows related to those assets. The Company considers historical and anticipated future results, general economic and market conditions, the impact of planned business and operational strategies and other information available at the time the estimates are made. The Company believes these estimates are reasonable; however, changes in circumstances or conditions could have a significant impact on its estimates, which might result in material impairment charges in the future. Leases The Company determines if an agreement qualifies as a lease or contains a lease in the period that the agreement is executed. An agreement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of an asset includes the right to obtain substantially all of the economic benefits of the underlying asset and the right to direct how and for what purpose the asset is used. Right of use ("ROU") assets represent the Company’s right to use an underlying asset during the reasonably certain lease term. Lease liabilities represent the Company's obligation to make payments over the life of the lease. A ROU asset and a lease liability are recognized at commencement of the lease based on the present value of the lease payments over the life of the lease. Since the interest rate implicit in a lease is generally not readily determinable, the Company uses an incremental borrowing rate to determine the present value of the lease payments. The incremental borrowing rate represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar lease term to obtain an asset of similar value. Our lease terms may include options to extend or terminate the lease when the Company is reasonably certain that we will exercise that option. Initial direct costs are included as part of the ROU asset upon commencement of the lease. The Company has applied the practical expedient available for lessees in which lease and non-lease components are accounted for as a single lease component for all of our asset classes. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short-term leases), and the Company recognizes lease expense for these leases as incurred over the lease term. Deferred Debt Issue Costs Costs to issue debt are capitalized and deferred when incurred and subsequently amortized to interest expense over the expected life of the revolving credit facility. Deferred debt issuance costs for line-of-credit arrangements are presented in the Company's consolidated balance sheets in other assets. Business Combinations Business combinations are accounted for using the purchase method of accounting. The purchase price of an acquisition is measured as the aggregate of the fair value of the consideration transferred at the acquisition date. The purchase price is allocated to the fair values of the tangible and intangible assets acquired and liabilities assumed at date of acquisition, with any excess recorded as goodwill. These fair value determinations require management to make estimates which are based on all available information and may involve the use of assumptions with respect to the timing and amount of future revenues and expenses, the weighted average cost of capital, and royalty rates associated with the transaction and the assets or liabilities acquired. In addition to using management estimates the Company uses a variety of information sources to determine the estimated fair values of acquired assets and liabilities including third-party appraisals for the estimated value and lives of identifiable intangible assets and property, plant and equipment. This judgment and determination affect the amount of consideration paid that is allocable to assets and liabilities acquired in the business purchase transaction. The purchase price allocation may be provisional during a measurement period of up to one year to provide reasonable time to obtain the information necessary to identify and measure the assets acquired and liabilities assumed. Any such measurement period adjustments are recognized in the period in which the adjustment amount is determined. Transaction costs associated with the acquisition are expensed as incurred. Revenue Recognition General The Company accounts for a contract when it has approval and commitment from all parties, the rights and payment terms of the parties can be identified, the contract has commercial substance and the collectability of the consideration, or transaction price, is probable. At the inception of each contract, the Company evaluates the promised goods and services to determine whether the contract should be accounted for as having one or more performance obligations. A performance obligation is a promise to transfer a distinct good or service to a customer and represents the unit of accounting for revenue recognition. Revenues are recognized when control of the promised goods or services are transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company records all shipping and handling fees billed to customers as revenue. The Company has elected to account for shipping and handling activities that are performed after the customer obtains control of a good as activities to fulfill the promise to transfer the good. If revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Sales and usage-based taxes are excluded from revenues. The Company does not have any material service-type warranty arrangements. The expected costs associated with the Company's assurance warranties are recognized as expense when the products are sold. The Company does not have any material significant financing arrangements as payment is received shortly after the goods are sold or services are performed. Cash received from customers prior to shipment of goods, or otherwise not yet earned, is recorded as deferred revenue. The Company determines the transaction for each contract based on the best estimate of the consideration the Company expects to receive, which includes assumptions regarding variable consideration. The Company includes such estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Variable consideration is primarily estimated using the most likely amount method. Generally, the Company's sales contracts with customers contain only one performance obligation. In certain circumstances, contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines the standalone selling price based on the prices charged to similar customers or by using the expected cost plus margin approach. The Company's performance obligations are generally part of contracts with customers that have a duration of less than one year, and therefore, the Company has not provided disclosures with respect to remaining performance obligations. The Company recognizes revenue for each performance obligation when (or as) the performance obligation is satisfied by transferring control of the promised goods or services underlying the performance obligation to the customer. The transfer of control can occur over time or at a point in time. Performance obligations are satisfied at a point in time unless they meet at least one of the following criteria, in which case they are satisfied over time: • The custom simultaneously receives and consumes the benefits provided by the Company's performance as it performs; • The Company's performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced; or • The Company's performance does not create an asset with an alternative use to us and the Company has an enforceable right to payment for performance completed to date. Given the typical duration of the Company's contracts with customers, as noted directly above, is less than one year, the Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within Selling, general and administrative expenses. For certain of the services that the Company's Diversified Industrial and Energy segments provide, the Company has determined that it has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the Company's performance completed to date, and therefore, the Company recognizes revenue in the amount to which the entity has a right to invoice when that amount corresponds directly with the value of the Company’s performance to date. The Company has also entered into rebate agreements with certain customers. These programs are typically structured to incentivize the customers to increase their annual purchases from the Company. The rebates are usually calculated as a percentage of the purchase amount, and such percentages may increase as the customer's level of purchases rise. Rebates are recorded as a reduction of net sales in the Company's consolidated statements of operations. As of December 31, 2023 and 2022, accrued rebates payable totaled $16,109 and $21,815, respectively, and are included in Accrued liabilities on the Company's consolidated balance sheets. Diversified Industrial

REVENUES

REVENUES	12 Months Ended
REVENUES	Dec. 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 21 - "Segment Information." The following table presents the Company's revenues disaggregated by geography for the years ended December 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. Year Ended December 31, 2023 2022 United States $ 1,744,076 $ 1,613,438 Foreign 161,381 82,003 Total revenue $ 1,905,457 $ 1,695,441 Contract Balances Differences in the timing of revenue recognition, billings and cash collections result in billed trade receivables, unbilled receivables (contract assets) and deferred revenue (contract liabilities) on the consolidated balance sheets. Contract Assets Unbilled receivables arise when the timing of billings to customers differs from the timing of revenue recognition, such as when the Company recognizes revenue over time before a customer can be billed. Contract assets are classified as Prepaid expenses and other current assets on the consolidated balance sheets. The balances of contract assets as of December 31, 2023 and 2022 were $5,317 and $11,937, respectively. As of December 31, 2023 and 2022, the Company's return assets account was not material. 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 23,004 Recognition of unearned revenue (19,996) Balance at December 31, 2023 $ 7,388 Balance at December 31, 2021 $ 3,396 Deferral of revenue 10,894 Recognition of unearned revenue (9,910) Balance at December 31, 2022 $ 4,380

LEASES

LEASES	12 Months Ended
LEASES	Dec. 31, 2023
Leases [Abstract]
LEASES	LEASES The Company has operating and finance leases for operating plants, warehouses, corporate offices, housing facilities, vehicles and equipment. The Company's leases have remaining lease terms of up to 18 years. The components of lease cost are as follows: Year Ended December 31, 2023 2022 Operating lease cost $ 17,497 $ 9,669 Short-term lease cost $ 880 $ 792 Finance lease cost: Amortization of right-of-use assets $ 1,782 $ 1,521 Interest on lease liabilities 227 220 Total finance lease cost $ 2,009 $ 1,741 Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,401 $ 10,110 Operating cash flows from finance leases $ 221 $ 216 Financing cash flows from finance leases $ 2,342 $ 1,995 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 15,068 $ 19,567 Finance leases $ 1,795 $ 1,863 Supplemental balance sheet information related to leases is as follows: December 31, 2023 December 31, 2022 Location on Operating leases Operating lease right-of-use assets $ 76,746 $ 42,711 Operating lease right-of-use assets Current operating lease liabilities $ 17,770 $ 7,733 Other current liabilities Non-current operating lease liabilities 61,790 35,512 Long-term operating lease liabilities Total operating lease liabilities $ 79,560 $ 43,245 Finance leases Finance lease assets $ 7,344 $ 7,296 Property, plant and equipment, net Current finance lease liabilities $ 2,086 $ 2,111 Other current liabilities Non-current finance lease liabilities 2,631 3,125 Other non-current liabilities Total finance lease liabilities $ 4,717 $ 5,236 Year Ended December 31, 2023 2022 Weighted-average remaining lease term (years) Operating leases 6.68 years 7.30 years Finance leases 2.64 years 2.85 years Weighted-average discount rate Operating leases 5.31 % 4.52 % Finance leases 5.43 % 4.10 % Maturities of lease liabilities, as of December 31, 2023, are as follows: Operating Leases Finance Leases 2024 $ 21,071 $ 2,285 2025 17,215 1,488 2026 13,417 948 2027 10,632 361 2028 7,824 12 Thereafter 25,694 — Total lease payments 95,853 5,094 Present value of current lease liabilities 17,770 2,086 Present value of long-term lease liabilities 61,790 2,631 Total present value of lease liabilities 79,560 4,717 Difference between undiscounted cash flows and discounted cash flows $ 16,293 $ 377
LEASES	LEASES The Company has operating and finance leases for operating plants, warehouses, corporate offices, housing facilities, vehicles and equipment. The Company's leases have remaining lease terms of up to 18 years. The components of lease cost are as follows: Year Ended December 31, 2023 2022 Operating lease cost $ 17,497 $ 9,669 Short-term lease cost $ 880 $ 792 Finance lease cost: Amortization of right-of-use assets $ 1,782 $ 1,521 Interest on lease liabilities 227 220 Total finance lease cost $ 2,009 $ 1,741 Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,401 $ 10,110 Operating cash flows from finance leases $ 221 $ 216 Financing cash flows from finance leases $ 2,342 $ 1,995 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 15,068 $ 19,567 Finance leases $ 1,795 $ 1,863 Supplemental balance sheet information related to leases is as follows: December 31, 2023 December 31, 2022 Location on Operating leases Operating lease right-of-use assets $ 76,746 $ 42,711 Operating lease right-of-use assets Current operating lease liabilities $ 17,770 $ 7,733 Other current liabilities Non-current operating lease liabilities 61,790 35,512 Long-term operating lease liabilities Total operating lease liabilities $ 79,560 $ 43,245 Finance leases Finance lease assets $ 7,344 $ 7,296 Property, plant and equipment, net Current finance lease liabilities $ 2,086 $ 2,111 Other current liabilities Non-current finance lease liabilities 2,631 3,125 Other non-current liabilities Total finance lease liabilities $ 4,717 $ 5,236 Year Ended December 31, 2023 2022 Weighted-average remaining lease term (years) Operating leases 6.68 years 7.30 years Finance leases 2.64 years 2.85 years Weighted-average discount rate Operating leases 5.31 % 4.52 % Finance leases 5.43 % 4.10 % Maturities of lease liabilities, as of December 31, 2023, are as follows: Operating Leases Finance Leases 2024 $ 21,071 $ 2,285 2025 17,215 1,488 2026 13,417 948 2027 10,632 361 2028 7,824 12 Thereafter 25,694 — Total lease payments 95,853 5,094 Present value of current lease liabilities 17,770 2,086 Present value of long-term lease liabilities 61,790 2,631 Total present value of lease liabilities 79,560 4,717 Difference between undiscounted cash flows and discounted cash flows $ 16,293 $ 377

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	12 Months Ended
ACQUISITIONS AND DIVESTITURES	Dec. 31, 2023
Business Combinations [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES STCN Transfer and Exchange Agreement On April 30, 2023, the Company and Steel Connect, executed a series of agreements, in which the Steel Partners Group transferred an aggregate of 3,597,744 shares of common stock, par value $0.10 per share, of Aerojet Rocketdyne Holdings, Inc. ("Aerojet") held by the Steel Partners Group to Steel Connect in exchange for 3,500,000 shares of newly created Series E Convertible Preferred Stock of Steel Connect (the “Series E Convertible Preferred Stock” and such transfer and related transactions, the "Exchange Transaction"). Following approval on June 6, 2023 by the Steel Connect stockholders pursuant to the rules of The Nasdaq Stock Market LLC, the Series E Convertible Preferred Stock is convertible into an aggregate of 184.9 million shares (19.8 million shares post June 21, 2023 reverse/forward stock split) of Steel Connect common stock, par value $0.01 per share (the “common stock” or “Common Stock”), and will vote together with the Steel Connect common stock and participate in any dividends paid on the Steel Connect common stock, in each case on an as-converted basis. Upon conversion of the Series E Convertible Preferred Stock, when combined with STCN common stock, STCN convertible debt, if converted, and STCN Series C preferred shares, also if converted, owned by the Company, would result in the Steel Partners Group holding approximately 84.0% of the outstanding equity interests of Steel Connect. The Exchange Transaction closed on May 1, 2023, the date that the consideration was exchanged between the Company and Steel Connect and as of that date Steel Connect became a consolidated subsidiary for financial reporting purposes. Steel Connect is not consolidated for Federal income tax purposes because the ownership in Steel Connect is dispersed between different federal tax consolidation groups. Steel Connect's assets and liabilities have been included in the Company's consolidated balance sheet, with a related noncontrolling interest of 16.0% of STCN's common stock. Prior to May 1, 2023, the Company held a 49.6% ownership interest in Steel Connect and accounted for its investment in Steel Connect in accordance with the equity method of accounting. The Company remeasured the previously held equity method investment to its fair value based upon a valuation of Steel Connect, as of the date of the Exchange Transaction. The Exchange Transaction accomplishes the Company's objective, which is to increase ownership in Steel Connect in order to benefit from future earnings and growth and strengthens Steel Connect’s balance sheet to permit it to do acquisitions. The Exchange Transaction was accounted for in accordance with Accounting Standards Codification ("ASC") Topic 805, Business Combinations , and, accordingly, Steel Connect’s results of operations have been consolidated in our financial statements since the date of the Exchange Transaction. The Company recorded a preliminary allocation of the Exchange Transaction to assets acquired and liabilities assumed based on their estimated fair values as of May 1, 2023. The purchase price and purchase price allocation of the Exchange Transaction were finalized as of December 31, 2023, with no significant changes to preliminary amounts. The transaction costs associated with the Exchange Transaction were approximately $4,678 and were expensed as incurred within selling, general and administrative expenses for the year ended December 31, 2023. The following table summarizes the total Exchange Transaction consideration: (in thousands) May 1, 2023 Fair value of Aerojet common stock $ 202,733 Fair value of previously held interests in Steel Connect: Steel Connect common stock 19,010 Steel Connect Series C Preferred Stock 35,000 Steel Connect Convertible Note 13,006 Noncontrolling interest ("NCI") at fair value 44,800 Less cash acquired (65,896) Total estimated consideration, less cash acquired $ 248,653 The Company remeasured the fair value of STCN common stock using the quoted market price available on the date immediately prior to when the Exchange Transaction was executed, which was the closing market price as of Friday, April 28, 2023, as that represented the information known and knowable at the time of the Exchange Transaction. The Company notes that the change in the calculation resulted in a measurement period adjustment which reallocated the components of total estimated consideration between the fair value of previously held STCN common stock and NCI, with no change to the overall consideration transferred. This measurement period adjustment was recorded as of December 31, 2023 and did not result in any other changes to assets or liabilities recognized by the Company. The Company's fair value estimates of the assets acquired and the liabilities assumed in the Exchange Transaction, as well as final fair value allocations reflecting adjustments made during the measurement period to date, are as follows: (in thousands) Initial Estimate Measurement Period Adjustments Final Allocation Trade and other receivables $ 36,900 $ — $ 36,900 Inventories, net 6,900 — 6,900 Prepaid expenses and other current assets 5,000 — 5,000 Identifiable intangible assets 36,000 (500) 35,500 Other non-current assets 3,900 — 3,900 Property, plant and equipment, net 3,400 — 3,400 Operating lease right-of-use assets 29,250 — 29,250 Investments 202,733 — 202,733 Total assets acquired 324,083 (500) 323,583 Accounts payable 26,300 — 26,300 Accrued liabilities 29,100 — 29,100 Other current liabilities 15,230 — 15,230 Long-term operating lease liabilities 21,300 — 21,300 Other non-current liabilities 5,500 300 5,800 Total liabilities assumed 97,430 300 97,730 Goodwill 22,000 800 22,800 Net assets acquired at fair value $ 248,653 $ — $ 248,653 The excess of the Exchange Transaction consideration over the fair value of net identifiable assets acquired and liabilities assumed was recorded as goodwill, which was primarily attributed to expected synergies and the assembled workforce of Steel Connect and will not be deductible for income tax purposes. The fair values assigned to the net identifiable assets and liabilities assumed were based on management’s estimates and assumptions. Identifiable intangible assets were recognized at their estimated acquisition date fair values. The fair value of the trade name asset was determined using the relief-from-royalty method and the fair value of the customer relationships asset was determined using the excess earnings method. These income-based approaches included assumptions such as the amount and timing of projected cash flows, growth rates, customer attrition rates, discount rates, and the assessment of the asset’s life cycle. The estimated fair value and estimated remaining useful lives of identifiable intangible assets as of the Exchange Transaction date were as follows: (in thousands) Useful Life (Years) Amount Customer relationships 7 $ 25,000 Trade name Indefinite 10,500 Estimated fair value of identifiable intangible assets $ 35,500 The operating results of Steel Connect have been included in our consolidated financial statements since the date of the Exchange Transaction. (Unaudited) Pro Forma Financial Information The following unaudited pro forma consolidated results of operations for the fiscal year ended December 31, 2022, has been prepared as if the Exchange Transaction had occurred on January 1, 2021. (in thousands, except per share data) As reported Pro Forma Total revenue $ 1,695,441 $ 1,902,177 Income from operations before income taxes and equity method investments $ 275,498 $ 284,111 Net income $ 206,165 $ 271,215 Net income per common unit - basic $ 9.03 $ 11.62 Net income per common unit - diluted $ 8.12 $ 10.33 The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the transaction been consummated as of that time, nor is it intended to be a projection of future results. 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 December 31, 2022. Security Premium Finance provides insurance premium financing services for commercial and consumer clients to purchase property and casualty insurance products. Security Premium Finance is included with WebBank in the Company's Financial Services segment. 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 amortizable 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 Loss (income) of associated companies, net of taxes 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. The Company recognized a pre-tax gain from operations of $86,507 which is presented in Gains from sales of businesses in the consolidated statement of operations for the year ended December 31, 2022. 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 $19,408 and income before taxes of $72 for the year ended December 31, 2022.

LOANS RECEIVABLE, INCLUDING LOA

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE	12 Months Ended
LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE	Dec. 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 at December 31, 2023 and 2022 are as follows: Total Current Non-current December 31, 2023 % December 31, 2022 % December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Loans held for sale $ 868,884 $ 602,675 $ 868,884 $ 602,675 $ — $ — Commercial real estate loans $ 2,078 — % $ 987 — % — — 2,078 $ 987 Commercial and industrial 980,722 87 % 857,817 87 % 646,890 472,934 333,832 384,883 Consumer loans 142,410 13 % 123,204 13 % 92,248 85,826 50,162 37,378 Total loans 1,125,210 100 % 982,008 100 % 739,138 558,760 386,072 423,248 Less: Allowance for credit losses (25,486) (29,690) (25,486) (29,690) — — Total loans receivable, net $ 1,099,724 $ 952,318 713,652 529,070 386,072 423,248 Loans receivable, including loans held for sale (a) $ 1,582,536 $ 1,131,745 $ 386,072 $ 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 $1,967,021 and $1,548,035 at December 31, 2023 and 2022, respectively. Loans with an amortized cost of approximately $381,256 and $323,740 were pledged as collateral for potential borrowings at December 31, 2023 and 2022, respectively. WebBank serviced $1,744 and $2,700 in loans for others at December 31, 2023 and 2022, respectively. WebBank sold loans classified as loans held for sale of $19,907,907 and $16,249,021 during the year ended December 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 we re $20,356,321 and $16,744,182 during the year ended December 31, 2023 and 2022, respectively. WebBank's ACL decreased $4,204, or 14%, during the year ended December 31, 2023, as compared to the year ended December 31, 2022. The decrease in ACL during the year ended December 31, 2023 was driven by a shift to lower risk loan balances, partially offset by an increase related to the adoption of CECL. Changes in the ACL are summarized as follows: Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2021 $ 23 $ 9,205 $ 4,697 $ 13,925 Charge-offs — (6,095) (4,011) (10,106) Recoveries 27 1,534 1,133 2,694 Provision (22) 13,849 9,350 23,177 December 31, 2022 $ 28 $ 18,493 $ 11,169 29,690 Impact of adopting ASC 326 1 1,144 3,597 4,742 Charge-offs — (51,691) (9,262) (60,953) Recoveries 59 1,479 425 1,963 Provision (13) 45,319 4,738 50,044 December 31, 2023 $ 75 $ 14,744 $ 10,667 $ 25,486 The ACL and outstanding loan balances are summarized as follows: December 31, 2023 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for credit losses: Individually evaluated for impairment $ 8 $ 1,000 $ — $ 1,008 Collectively evaluated for impairment 67 13,744 10,667 24,478 Total $ 75 $ 14,744 $ 10,667 $ 25,486 Outstanding loan balances: Individually evaluated for impairment $ 8 $ 3,095 $ — $ 3,103 Collectively evaluated for impairment 2,070 977,627 142,410 1,122,107 Total $ 2,078 $ 980,722 $ 142,410 $ 1,125,210 December 31, 2022 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for credit 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 $10,270 and $11,260 at December 31, 2023 and 2022, respectively. Consumer loans past due 90 days or more and still accruing interest were $4,790 and 4,680 at December 31, 2023 and 2022, respectively. The Company had nonaccrual loans of $814 and $788 at December 31, 2023 and December 31, 2022, respectively. Past due loans (accruing and nonaccruing) are summarized as follows: December 31, 2023 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 2,078 $ — $ — $ — $ 2,078 $ — $ — Commercial and industrial 959,852 10,600 10,270 20,870 980,722 10,270 814 Consumer loans 132,570 5,050 4,790 9,840 142,410 4,790 — Total loans $ 1,094,500 $ 15,650 $ 15,060 $ 30,710 $ 1,125,210 $ 15,060 $ 814 (a) Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected. 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: December 31, 2023 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 2,070 $ — $ 8 $ — $ 2,078 Commercial and industrial 675,952 301,675 — 3,095 — 980,722 Consumer loans 142,410 — — — — 142,410 Total loans $ 818,362 $ 303,745 $ — $ 3,103 $ — $ 1,125,210 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 The following table presents the amortized cost basis loan balances by year of origination and credit quality indicator: As of December 31, 2023 Revolving loans amortized cost basis Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Total Commercial Real Estate Loans Risk Rating: Pass $ 1,116 $ 591 $ 126 $ 61 $ 42 $ 134 $ — $ 2,070 Sub-standard — — — — — 8 — 8 Total Commercial Real Estate Loans $ 1,116 $ 591 $ 126 $ 61 $ 42 $ 142 $ — $ 2,078 Commercial & Industrial Risk Rating: Pass $ 135,468 $ 114,821 $ 51,181 $ 205 $ — $ — $ — $ 301,675 Non - graded 508,163 11,717 414 1,901 278 62 153,417 675,952 Sub-standard 560 27 — — — 2,508 — 3,095 Total Commercial & Industrial $ 644,191 $ 126,565 $ 51,595 $ 2,106 $ 278 $ 2,570 $ 153,417 $ 980,722 Current period gross charge-offs $ 1,751 $ 11,932 $ 37,036 $ 508 $ 458 $ 6 $ — $ 51,691 Consumer Loans Risk Rating: Non - graded $ 74,242 $ 25,733 $ 2,475 $ 594 $ 1,056 $ 51 $ 38,259 $ 142,410 Total Consumer Loans $ 74,242 $ 25,733 $ 2,475 $ 594 $ 1,056 $ 51 $ 38,259 $ 142,410 Current period gross charge-offs $ 2,315 $ 3,634 $ 242 $ 163 $ 301 $ 95 $ 2,512 $ 9,262 As of December 31, 2022 Revolving loans amortized cost basis Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Total Commercial Real Estate Loans Risk Rating: Pass $ 604 $ 128 $ 62 $ 50 $ 26 $ 109 $ — $ 979 Sub-standard — — — — — 8 — 8 Total Commercial Real Estate Loans $ 604 $ 128 $ 62 $ 50 $ 26 $ 117 $ — $ 987 Commercial & Industrial Risk Rating: Pass $ 110,815 $ 164,794 $ 11,432 $ — $ — $ — $ — $ 287,041 Non - graded 424,501 6,970 5,194 509 74 — 129,171 566,419 Sub-standard 834 3 — — 2,732 — — 3,569 Doubtful — — — — 788 — — 788 Total Commercial & Industrial $ 536,150 $ 171,767 $ 16,626 $ 509 $ 3,594 $ — $ 129,171 $ 857,817 Current period gross charge-offs $ 1,136 $ 1,918 $ 1,268 $ 941 $ 832 $ — $ — $ 6,095 Consumer Loans Risk Rating: Non - graded $ 62,268 $ 5,270 $ 1,616 $ 4,141 $ 742 $ 9 $ 49,158 $ 123,204 Total Consumer Loans $ 62,268 $ 5,270 $ 1,616 $ 4,141 $ 742 $ 9 $ 49,158 $ 123,204 Current period gross charge-offs $ 290 $ 99 $ 320 $ 2,397 $ 500 $ 62 $ 343 $ 4,011 Impaired Loans Loans are considered impaired when, based on current information and events, it is probable that WebBank will be unable to collect all amounts due in accordance with the contractual terms of the loan agreement, including scheduled interest payments. When loans are impaired, WebBank estimates the amount of the balance that is impaired and allocates additional reserves to the loan based on the estimated present value of the loan’s future cash flows discounted at the loan’s effective interest rate, the observable market price of the loan, or the fair value of the loan’s underlying collateral less the cost to sell. When the impairment is based on the fair value of the loan's underlying collateral, the portion of the balance that is impaired is generally charged off. During the year ended December 31, 2023, WebBank did not issue new loans under the 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 December 31, 2023, the total PPP loans and associated liabilities were $16,660 and $15,065, respectively, and included in Long-Term loans receivable, net, and Other borrowings, respectively, in the consolidated balance sheet as of December 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, 2023 and 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 $3,079,326 comprising 99.4% of its PPP portfolio through December 31, 2023.

INVENTORIES, NET

INVENTORIES, NET	12 Months Ended
INVENTORIES, NET	Dec. 31, 2023
Inventory Disclosure [Abstract]
INVENTORIES, NET	INVENTORIES, NET A summary of Inventories, net is as follows: December 31, 2023 December 31, 2022 Finished products $ 62,798 $ 57,487 In-process 34,376 39,300 Raw materials 68,895 79,008 Fine and fabricated precious metal in various stages of completion 36,393 39,104 202,462 214,899 LIFO reserve (168) (815) Total $ 202,294 $ 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 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 December 31, 2023 and 2022, the Company had approximately $30,242 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. December 31, 2023 December 31, 2022 Supplemental inventory information: Precious metals stated at LIFO cost $ 2,113 $ 6,678 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 34,112 $ 31,611 Market value per ounce: (in whole dollars) Silver $ 23.93 $ 23.91 Gold $ 2,069.11 $ 1,824.52 Platinum $ 998.58 $ 1,073.91 Palladium $ 1,108.32 $ 1,799.36

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	GOODWILL AND OTHER INTANGIBLE ASSETS, NET A reconciliation of the change in the carrying amount of goodwill by reportable segment is as follows: Diversified Industrial Energy Financial Services Supply Chain Corporate and Other Total Balance at 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 Acquisitions (a) — — — 22,785 — 22,785 Currency translation adjustments 240 — — — — 240 Balance at December 31, 2023: Gross goodwill 155,423 67,143 9,474 22,785 81 254,906 Accumulated impairments (41,278) (64,790) — — — (106,068) Net goodwill $ 114,145 $ 2,353 $ 9,474 $ 22,785 $ 81 $ 148,838 (a) Related to the Exchange Transaction with Steel Connect. See Note 5 - "Acquisitions and Divestitures". Diversified Industrial Energy Financial Services Corporate and Other Total Balance at December 31, 2021: Gross goodwill $ 180,347 $ 67,143 $ 6,515 $ 81 $ 254,086 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill 139,069 2,353 6,515 81 148,018 Acquisitions (a) — — 2,959 — 2,959 Divestitures (b) (25,157) — — — (25,157) Currency translation adjustments (7) — — — (7) Balance at 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 (a) Related to the acquisition of Security Premium Finance. See Note 5 - "Acquisitions and Divestitures." (b) Related to the divestiture of the SLPE business. See Note 5 - "Acquisitions and Divestitures." For 2023, the Company utilized a quantitative approach for all of its reporting units. The assessment was based on a combination of income and market approaches to estimate the fair value of the reporting units, which indicated that the fair values of the reporting units exceeded their respective carrying values. Significant assumptions used in the discounted cash flow analyses included expected future earnings and cash flows, which are based on management's current expectations, as well as the related risk-adjusted discount rate used to estimate fair value. There were no goodwill impairment charges recorded as a result of these assessments. It is possible in future periods that further declines in market conditions, customer demand or other potential changes in operations may increase the risk that these assets are impaired. At December 31, 2023, the goodwill related to the Electrical Products reporting unit is at risk of future impairment if the fair value of this reporting unit, and its associated assets, decrease in value due to the amount and timing of expected future cash flows, decreased customer demand for Electrical Products' services, an inability to execute management’s business strategies, or general market conditions, such as economic downturns, and changes in interest rates, including discount rates. Future cash flow estimates are, by their nature, subjective, and actual results may differ materially from the Company's estimates. If the Company's ongoing cash flow projections are not met or if market factors utilized in the impairment test deteriorate, including an unfavorable change in the terminal growth rate or the weighted-average cost of capital, the Company may have to record impairment charges in future periods. As of December 31, 2023 the Electrical Products reporting unit had $46,682 of goodwill and its fair value exceeded its net book value by 11%. A summary of Other intangible assets, net is as follows: December 31, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 216,968 $ 144,686 $ 72,282 $ 191,508 $ 132,246 $ 59,262 Trademarks, trade names and brand names 57,160 23,431 33,729 46,601 21,755 24,846 Developed technology, patents and patent applications 33,102 25,086 8,016 32,762 23,276 9,486 Other 16,662 16,512 150 16,657 15,468 1,189 Total $ 323,892 $ 209,715 $ 114,177 $ 287,528 $ 192,745 $ 94,783 Trademarks with indefinite lives as of December 31, 2023 and 2022 were $22,210 and $11,680, respectively. Amortization expense related to intangible assets was $16,587 and $15,361 for the years ended December 31, 2023 and 2022, respectively. The estimated amortization expense for each of the five succeeding years and thereafter is as follows: Year Ending December 31, 2024 2025 2026 2027 2028 Thereafter Estimated amortization expense $ 17,192 $ 15,705 $ 13,687 $ 13,007 $ 12,213 $ 20,163

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT, NET	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET A summary of property, plant and equipment, net is as follows: December 31, 2023 December 31, 2022 Land $ 22,810 $ 22,723 Buildings and improvements 118,552 101,223 Machinery, equipment and other 481,923 453,452 Construction in progress 21,098 21,721 644,383 599,119 Accumulated depreciation (390,403) (360,609) Property, plant and equipment, net $ 253,980 $ 238,510

INVESTMENTS

INVESTMENTS	12 Months Ended
INVESTMENTS	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	INVESTMENTS The following table summarizes the Company's long-term investments as of December 31, 2023 and 2022: Ownership % Long-Term Investments Balance December 31, December 31, 2023 2022 2023 2022 Aerojet Rocketdyne Holdings, Inc. (a) — % 4.5 % — 201,278 Steel Connect convertible note (b) — 14,521 STCN preferred stock (b) — 35,000 STCN common stock (b) — % 30.0 % — 26,000 PCS-Mosaic (c) 58.3 % 59.0 % 19,067 23,323 Other long-term investments (d) 22,158 9,575 Total $ 41,225 $ 309,697 (a) During the three months ended September 30, 2023, Steel Connect disposed of all its interest in Aerojet common Stock which it received in the Exchange Transaction for net proceeds of $207,799. See Note 5 - "Acquisitions and Divestitures." (b) Balance included the Company's investment in STCN as of December 31, 2022. The Company's ownership of Steel Connect increased to 84.0% on May 1, 2023, as discussed in Note 5 - "Acquisitions and Divestitures" and, as of May 1, 2023, STCN is consolidated by the Company. The STCN convertible notes are outstanding as of December 31, 2023 and are eliminated in consolidation. (c) Represents the Company's investment in PCS-Mosaic as described in Note 5 - "Acquisitions and Divestitures" and below. (d) The balance consists of multiple common stock investments of public and non-public companies and available for sale securities. Loss (Income) of Associated Companies, Net of Taxes Year Ended December 31, 2023 2022 STCN convertible notes $ 391 $ 243 STCN preferred stock — (563) STCN common stock 5,251 (4,502) PCS-Mosaic 3,236 211 Total $ 8,878 $ (4,611) For the three months ended September 30, 2023, the Company recorded a non-cash impairment charge of approximately $3,140, net of taxes, related to other-than-temporary impairment (“OTTI”) recognized on our equity method investment in PCS-Mosaic. During the quarter ended September 30, 2023, the Company performed an interim impairment test of PCS-Mosaic due to the loss of a significant customer contract by a business that PCS-Mosaic is invested in. The Company calculated the fair value of PCS-Mosaic using a discounted cash flow model. After the evaluation, the Company determined the investment in PCS-Mosaic to be other than temporarily impaired and adjusted its carrying value to its fair value. The amount of unrealized gains that relate to equity securities still held as of December 31, 2023 and 2022 are as follows: Year Ended December 31, 2023 2022 Net gains recognized during the period on equity securities $ (7,074) $ (34,791) Less: Net gains recognized during the period on equity securities sold during the period (7,046) (17,025) Unrealized gains recognized during the period on equity securities still held at the end of the period $ (28) $ (17,766) Equity Method Investments As of December 31, 2023, the Company's investments in associated companies includes PCS-Mosaic, which is accounted for under the equity method of accounting. PCS-Mosaic is a private investment fund primarily invested in specialized software development and training services. PCS-Mosaic is carried at cost, plus or minus the Company’s share of net earnings or losses of the investment. For the year ended December 31, 2023, the Company recorded a non-cash impairment charge of approximately $3,140, net of taxes, related to OTTI recognized on our equity method investment in PCS-Mosaic. Associated companies are included in the Corporate and Other segment. Beginning May 1, 2023, STCN was consolidated by the Company. Refer to Note 5 - "Acquisitions and Divestitures" for further details of the exchange transactions between the Company and STCN. Other Investments WebBank has 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. December 31, 2023 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 322,268 $ 2,199 $ 324,467 $ 322,268 Contractual maturities within: Less than five years 318,644 Five years to ten years — After ten years 3,624 Total $ 322,268 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: Less than five years 169,783 Five years to ten years 5,281 After ten years 1,655 Total $ 176,719

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Dec. 31, 2023
Banking and Deposits [Abstract]
DEPOSITS	DEPOSITS A summary of WebBank deposits is as follows: December 31, 2023 December 31, 2022 Time deposits year of maturity: 2023 — 1,080,904 2024 1,343,003 197,664 2025 348,826 10,340 2026 21,281 — Total time deposits 1,713,110 1,288,908 Savings deposits 368,582 279,573 Total deposits (a) $ 2,081,692 $ 1,568,481 Current $ 1,711,585 $ 1,360,477 Long-term 370,107 208,004 Total deposits $ 2,081,692 $ 1,568,481 (a) WebBank has $1,075 of time deposits with balances greater than $250. The carrying value is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of deposits wa s $2,104,345 a nd $1,566,699 at December 31, 2023 and 2022, respectively.

DEBT

DEBT	12 Months Ended
DEBT	Dec. 31, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below: December 31, 2023 December 31, 2022 Short-term debt: Foreign $ — $ 685 Short-term debt — 685 Long-term debt: Credit Agreement 190,449 178,650 Other debt - foreign — — Other debt - domestic 922 989 Subtotal 191,371 179,639 Less portion due within one year 67 67 Long-term debt 191,304 179,572 Total debt $ 191,371 $ 180,324 Long-term debt as of December 31, 2023 matures in each of the next five years as follows: Total 2024 2025 2026 2027 2028 Thereafter Long-term debt $ 191,371 $ 67 $ 67 $ 190,517 $ 720 $ — $ — As of December 31, 2023, the Company's senior credit agreement, as amended and restated ("Credit Agreement"), covers substantially all of the Company's domestic subsidiaries, with the exception of WebBank and Steel Connect. The 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 December 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 December 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 6.68% at December 31, 2023. As of December 31, 2023, letters of credit totaling $10,273 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 December 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 $399,300 as of December 31, 2023. Moduslink Revolving Credit Facility Steel Connect's wholly-owned subsidiary, ModusLink, has a revolving credit agreement (the "Umpqua Revolver") with Umpqua Bank which provides for a maximum credit commitment of $12,500 and a sub-limit of $5,000 for letters of credit and expires on March 31, 2025. As of December 31, 2023 , ModusLink was in compliance with the Umpqua Revolver's covenants and believes it will remain in compliance with the Umpqua Revolver’s covenants for the next twelve months. As of December 31, 2023, ModusLink had available borrowing capacity of $11,890 and there was $610 outstanding for letters of credit.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
FINANCIAL INSTRUMENTS	Dec. 31, 2023
Derivative and Other Financial Instrument [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS WebBank - Economic Interests in Loans WebBank's derivative financial instruments represent on-going economic interests in loans made after they are sold. These derivatives are carried at fair value on a gross basis in Other non-current assets on the Company's consolidated balance sheets and are classified within Level 3 in the fair value hierarchy (see Note 18 - "Fair Value Measurements"). As of December 31, 2023, outstanding derivatives mature within 3 to 5 years. 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 December 31, 2023, the Company had the following outstanding forward contracts with settlement dates through January 2024. There were no futures contracts outstanding as of December 31, 2023. Commodity Amount Notional Value Silver 66,862 ounces $ 1,611 Gold 202 ounces $ 418 Palladium 1,050 ounces $ 1,244 Platinum 67 ounces $ 63 Copper 218,000 pounds $ 815 Tin 19 metric tons $ 476 Fair Value Hedges : Certain forward contracts are accounted for as fair value hedges under U.S. GAAP for the Company's precious metal inventory carried at fair value. These contracts hedge 51,759 ounces (in whole units) of silver and a majority of the Company's pounds of copper. The fair value 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 U.S. GAAP, 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, the Company has determined that there is minimal credit risk of default. 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) December 31, 2023 December 31, 2022 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as ASC Topic 815 hedges Commodity contracts Other liabilities $ (25) Other liabilities $ (70) Derivatives not designated as ASC Topic 815 hedges Commodity contracts Prepaid Expenses and Other Current Assets $ 75 Accrued liabilities $ (177) Economic interests in loans Other non-current assets $ 4,903 Other non-current assets $ 5,728 The effects of fair value and cash flow hedge accounting in the consolidated statements of operations for the years ended December 31, 2023 and 2022 are not material. The effects of derivatives not designated as ASC Topic 815 hedging instruments in the consolidated statements of operations for the years ended December 31, 2023 and 2022 are as follows: Amount of Gain (Loss) Recognized in Income Year Ended December 31, Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income 2023 2022 Commodity contracts Other income (expense), net $ 895 $ 521 Economic interests in loans Financial Services Revenue 4,713 5,294 Total derivatives $ 5,608 $ 5,815 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 December 31, 2023 and 2022, WebBank's undisbursed loan commitments totaled $340,621 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, and in some cases are subject to ongoing adjustment by WebBank . 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 Marketing Partner. 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	12 Months Ended
PENSION AND OTHER POST-RETIREMENT BENEFITS	Dec. 31, 2023
Retirement Benefits [Abstract]
PENSION AND OTHER POST-RETIREMENT BENEFITS	PENSION AND OTHER POST-RETIREMENT BENEFITS The Company's significant pension plans include two defined benefit pension plans. The WHX Pension Plan II ("WHX Plan II") is sponsored by the Company's subsidiary, Handy & Harman Ltd. ("HNH"). HNH's subsidiary, JPS Industries Holdings LLC ("JPS"), sponsors the Retirement Pension Plan for Employees of JPS Industries Holdings LLC ("JPS Pension Plan"). All future benefit accruals under the WHX Plan and JPS Pension Plan were frozen as of December 31, 2015, or such earlier effective dates as were applicable to each respective group. The WHX Plan II and the JPS Pension Plan are collectively the "SPLP Plans". Steel Connect sponsors two defined benefit pension plans covering certain of ModusLink's employees in its Netherlands facility and one unfunded defined benefit pension plan covering certain of its employees in Japan (collectively the "STCN Plans"). The annual measurement date for the STCN Plans is July 31 st which is the same as Steel Connect's fiscal year end. The STCN Plans accrued pension liabilities were approximately $3,700 and $3,900 as of May 1, 2023 (Exchange Transaction date) and December 31, 2023, respectively. The Company's other pension and post-retirement benefit plans are not significant individually or in the aggregate. The financial tables below do not include amounts for the STCN Plans. Immediately prior to March 31, 2022, HNH sponsored both the WHX & API Foils Pension Plan ("WHX & API Plan") and the WHX II Plan. Effective March 31, 2022, the WHX & API Plan merged into the WHX II Plan, and all participants of both former plans are now participants of the WHX II Plan, which is the surviving merged plan. The merger of the two plans did not have any impact to the participants. For the WHX II Plan and the JPS Pension Plan, net actuarial losses are being amortized over the average future lifetime of the participants in each plan's population. The Company believes that use of the future lifetime of the participants is appropriate because the plans are inactive. The following table presents the components of net pension expense (income) for the Company's pension plans: Year Ended December 31, 2023 2022 Interest cost $ 18,123 $ 9,541 Expected return on plan assets (17,868) (25,342) Amortization of actuarial loss and prior service credit 11,470 8,560 Total $ 11,725 $ (7,241) Pension expense (income) is included in Selling, general and administrative expenses in the consolidated statements of operations. Actuarial assumptions used to develop the components of pension expense were as follows: Year Ended December 31, 2023 2022 Weighted-average discount rate 5.27 % 2.54 % Weighted-average expected long-term rate of return on plan assets 6.50 % 6.50 % Summarized below is a reconciliation of the funded status for the Company's qualified defined benefit pension plans: December 31, 2023 2022 Change in benefit obligation: Benefit obligation at January 1 $ 372,632 $ 484,030 Interest cost 18,123 9,541 Actuarial (gain) loss 4,743 (84,651) Benefits paid (32,314) (36,288) Benefit obligation at December 31 363,184 372,632 Change in plan assets: Fair value of plan assets at January 1 291,378 405,604 Actual returns on plan assets 48,210 (90,375) Benefits paid (32,314) (36,288) Company contributions 17,127 12,437 Fair value of plan assets at December 31 324,401 291,378 Funded status $ (38,783) $ (81,254) Amounts recognized on the consolidated balance sheets: Non-current liability $ (38,783) $ (81,254) Total $ (38,783) $ (81,254) The table below summarizes the weighted-average assumptions used to determine benefit obligations: Year Ended December 31, 2023 2022 Weighted-average discount rate 4.96 % 5.27 % Pretax amounts included in Accumulated other comprehensive loss are as follows: Year Ended December 31, 2023 2022 Net actuarial loss $ 169,436 $ 206,505 Accumulated other comprehensive loss $ 169,436 $ 206,505 Other pretax changes in plan assets and benefit obligations recognized in comprehensive income (loss) are as follows: Year Ended December 31, 2023 2022 Current year actuarial loss $ (25,599) $ 31,066 Amortization of actuarial loss (11,470) (8,560) Total recognized in comprehensive (loss) income $ (37,069) $ 22,506 Benefit obligations were in excess of plan assets at both December 31, 2023 and 2022. Additional information for the plans with accumulated benefit obligations in excess of plan assets follows: December 31, 2023 2022 Projected benefit obligation $ 363,184 $ 372,632 Accumulated benefit obligation $ 363,184 $ 372,632 Fair value of plan assets $ 324,401 $ 291,378 In determining the expected long-term rate of return on plan assets, the Company evaluated input from various investment professionals. In addition, the Company considered its historical compound returns, as well as the Company's forward-looking expectations. The Company determines its actuarial assumptions for its pension plans each year to calculate liability information as of December 31, and pension expense or income for the following year. The discount rate assumption is derived from the rate of return on high-quality bonds as of December 31 of each year. The Company's investment policy is to maximize the total rate of return with a view to long-term funding objectives of the pension plans to ensure that funds are available to meet benefit obligations when due. Pension plan assets are diversified to the extent necessary to minimize risk and to achieve an optimal balance between risk and return. Target asset allocation ranges are identified in the Steel Partners Pension Investment Committee Investment Policy Statement, as reviewed and updated from time to time. Pension plans' assets are diversified as to type of assets, investment strategies employed and number of investment managers used. Investments may include equities, fixed income, cash equivalents, convertible securities and private investment funds. Derivatives may be used as part of the investment strategy. The Company may direct the transfer of assets between investment managers in order to rebalance the portfolio in accordance with asset allocation guidelines established by the Steel Partners Pension Investment Committee. The table below presents the fair value of the Company's plan assets by asset category segregated by level within the fair value hierarchy, as follows: Assets at Fair Value as of December 31, 2023 Asset Class Level 1 Level 2 Level 3 Total Equity securities: U.S. and international mid-cap $ 39,219 $ — $ — $ 39,219 U.S. and international large-cap 77,721 — — 77,721 U.S. and international small-cap 6,051 — — 6,051 Mortgage backed securities — 14,318 — 14,318 U.S. Government debt securities — 1,244 — 1,244 Corporate bonds and loans 5,032 14,420 — 19,452 Convertible promissory notes — — 1,814 1,814 Subtotal $ 128,023 $ 29,982 $ 1,814 159,819 Pension assets measured at net asset value (1) Hedge funds and hedge fund-related strategies 110,999 Private equity 42,691 Total pension assets measured at net asset value 153,690 Cash and cash equivalents 10,626 Net payables 266 Total pension assets $ 324,401 Assets at Fair Value as of December 31, 2022 Asset Class Level 1 Level 2 Level 3 Total Equity securities: U.S. and international mid-cap $ 38,925 $ — $ — $ 38,925 U.S. and international large-cap 59,881 — — 59,881 U.S. and international small-cap 9,581 — — 9,581 Fixed income securities 988 — — 988 Mortgage and other asset-backed securities — 8,727 — 8,727 U.S. Government debt securities — 4,369 — 4,369 Corporate bonds and loans 4,058 20,817 — 24,875 Convertible promissory notes — — 2,643 2,643 Subtotal $ 113,433 $ 33,913 $ 2,643 149,989 Pension assets measured at net asset value (1) Hedge funds and hedge fund-related strategies 94,668 Private equity 43,416 Total pension assets measured at net asset value 138,084 Cash and cash equivalents 4,725 Net payables (1,420) Total pension assets $ 291,378 (1) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. During 2023, the changes to the pension plans' Level 3 assets were as follows: Year Ended December 31, 2023 Convertible Promissory Notes Beginning balance as of January 1, 2023 $ 2,643 Gains or losses included in changes in net assets 171 Settlements (1,000) Ending balance as of December 31, 2023 $ 1,814 During 2022, the changes to the pension plans' Level 3 assets were as follows: Year Ended December 31, 2022 Convertible Promissory Notes Beginning balance as of January 1, 2022 $ 2,500 Gains or losses included in changes in net assets 143 Ending balance as of December 31, 2022 $ 2,643 The Company's policy is to recognize transfers in and transfers out of Level 3 as of the date of the event or change in circumstances that caused the transfer. During 2023 and 2022, there was no transfer in or transfer out of Level 3. The following tables present the category, fair value, unfunded commitments, redemption frequency and redemption notice period of those assets for which fair value was estimated using the net asset value per share (or its equivalents), as well as plan assets which have redemption notice periods, as of December 31, 2023 and 2022: Class Name Fair Value December 31, 2023 Unfunded Commitments Redemption Frequency Redemption Notice Period Hedge funds $ 110,999 $ — (1) 60 - 180 days Private equity 42,691 11,731 (2) (2) Class Name Fair Value December 31, 2022 Unfunded Commitments Redemption Frequency Redemption Notice Period Hedge funds $ 94,668 $ — (1) 60 - 180 days Private equity 43,416 17,668 (2) (2) (1) Various. Includes funds with monthly, quarterly and annual redemption frequencies, redemption windows of 1 to 5 years following the anniversary of the initial investments, limited redemptions of 25% per quarter to 20% per annum, as well as subject to 10% holdback. (2) Voluntary withdrawals are not permitted. The funds have various durations from 3 to 11 years. Hedge Funds and Hedge Fund-Related Strategies. The strategies include U.S. and international equity, event driven, value driven and long-term capital growth. Private Equity. The strategies include growth and value oriented private companies and investment funds, as well as asset and revenue based lending. Contributions Employer contributions consist of funds paid from employer assets into a qualified pension trust account. The Company's funding policy is to contribute annually an amount that satisfies the minimum funding standards of the Employee Retirement Income Security Act. For the year ending December 31, 2024, the minimum required contribution to the Company's pension plans is approximately $10,260. Required future pension contributions are estimated based upon assumptions such as discount rates on future obligations, assumed rates of return on plan assets and legislative changes. Actual future pension costs and required funding obligations will be affected by changes in the factors and assumptions described in the previous sentence, including the impact of declines in pension plan assets and interest rates, as well as other changes such as any plan termination or other acceleration events. Benefit Payments Estimated future benefit payments for the SPLP Plans are as follows: Years Pension Benefit 2024 $ 38,033 2025 36,651 2026 35,389 2027 33,992 2028 32,578 2027-2031 140,044

CAPITAL AND ACCUMULATED OTHER C

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS As of December 31, 2023, the Company had 21,296,067 Class A units (regular common units) outstanding. Common Unit Repurchase Program The Board of Directors has approved the repurchase of up to an aggregate of 8,770,240 of the Company's common units (the "Repurchase Program"), which is inclusive of 1,000,000 common units approved in May 2023. Any purchases made under the Repurchase Program will be made from time to time on the open market or in negotiated transactions off the market, in compliance with applicable laws and regulations. The timing, manner, price and amount of any repurchase will depend on economic and market conditions, share price, trading volume, applicable legal requirements and other factors. In connection with the Repurchase Program, the Company may enter into a stock purchase plan. The Repurchase Program has no termination date. During the year ended December 31, 2023, the Company purchased 462,628 common units for an aggregate purchase price of $20,040. From the inception of the Repurchase Program until December 31, 2023 the Company had purchased 7,808,620 common units for an aggregate purchase price of approximately $164,398 . As of December 31, 2023, there remained 961,620 units that may yet be purchased under the Repurchase Program. From January 1, 2024 through March 1, 2024, the Company repurchased 579,961 common units for $25,344. 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, the "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 (the "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 17,800 restricted units under the Second A&R 2018 Plan during the year ended December 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 $167 of unearned compensation that will be recognized as expense ratably over the vesting period of the units. The grants have cliff vesting periods that range from one Preferred Units The Company's 6.0% Series A preferred units, no par value (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 $9,633 to preferred unitholders for both the years ended December 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 sheets as of December 31, 2023 and 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 December 31, 2023 and 2022, there were 6,422,128 SPLP Preferred Units outstanding. On February 2, 2024, the board of directors of the general partner of the Company approved the repurchase of up to 400,000 of the Company's 6.0% Series A preferred units (the "Preferred Repurchase Program"). Any purchases made by the Company and/or its applicable subsidiaries under the Preferred Repurchase Program will be made from time to time on the open market or in negotiated transactions off the market, in compliance with applicable laws and regulations. The timing, manner, price and amount of any repurchase will depend on economic and market conditions, share price, trading volume, applicable legal requirements and other factors. The Preferred Repurchase Program has no termination date. From January 1, 2024 through March 1, 2024, the Company repurchased 76,146 preferred units for $1,830. On February 16, 2024, the Board of SPH GP declared a regular quarterly cash distribution of $0.375 per unit, payable March 15, 2024 to unitholders of record as of March 1, 2024, on its SPLP Preferred Units. Incentive Unit Awards In 2012, SPLP issued to the Manager partnership profits interests in the form of Incentive Units which entitle the holder generally to share in 15% of the increase in the equity value of the Company, based on the volume weighted average price of the Company’s common units for the 20 trading days prior to the year-end measurement date. In 2015, the Manager assigned its rights to Incentive Units to a related party, SPH SPV-I LLC. Vesting in Incentive Units is measured annually on the last day of the Company’s fiscal year and is based upon exceeding a baseline equity value per common unit which was $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 ("VWAP") 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. As of the annual measurement date on December 31, 2023, no Incentive Units vested as the Company’s VWAP did not exceed the baseline equity value of $41.82. As of December 31, 2023, the number of Incentive Units for future vesting in awards was 21,296,067, the total common units outstanding as of year end. 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. Accumulated Other Comprehensive Loss Changes, net of tax, where applicable, in AOCI are as follows: 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 (a) — (3,152) (16,919) $ (20,071) Balance at December 31, 2022 $ (92) $ (17,113) $ (134,669) $ (151,874) Net other comprehensive income attributable to common unitholders (a) $ — $ 2,120 $ 28,531 $ 30,651 Balance at December 31, 2023 $ (92) $ (14,993) $ (106,138) $ (121,223) (a) Net of tax provision of approximately $8,980 and tax benefit of approximately $5,175 for the years ended December 31, 2023 and 2022, respectively, principally related to changes in pension liabilities and other post-retirement benefit obligations.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax balances as of December 31, 2023, are inclusive of Steel Connect as a result of the Exchange Transaction. The domestic and foreign components of income before income taxes were as follows: Year Ended December 31, 2023 2022 Income before income taxes and equity method investments Domestic $ 154,220 $ 271,086 Foreign 6,986 4,412 Total $ 161,206 $ 275,498 The components of the provision for income taxes were as follows: Year Ended December 31, 2023 2022 Current tax provision: Federal $ 16,821 $ 11,967 State 9,035 10,673 Foreign 2,539 2,758 Total income taxes, current 28,395 25,398 Deferred tax provision: Federal (26,064) 45,940 State (3,715) 2,758 Foreign (290) (152) Total income taxes, deferred (30,069) 48,546 Income tax (benefit) provision $ (1,674) $ 73,944 Effective Tax Rate Recognition Reconciliation of the income tax provision computed at the federal statutory rate of 21 percent to the actual income tax rate are as follows: Year Ended December 31, 2023 2022 Income before income taxes and equity method investments $ 161,206 $ 275,498 Federal income tax provision at statutory rate $ 33,853 $ 57,855 Loss passed through to common unitholders (a) 4,216 2,736 38,069 60,591 State income taxes, net of federal effect 5,179 10,892 Change in valuation allowance (12,554) (3,019) Foreign tax rate differences 437 2,456 Uncertain tax positions (276) (119) Federal and state audits 56 14 Unrealized Gain on Investments (b) (4,640) 1,417 Gain on the Sale of Businesses — 2,835 Tax-deferred equity contributions (28,022) — Deferred credit (1,929) — Transactions between related parties (c) 2,140 2,084 Permanent differences and other (134) (3,207) Income tax provision $ (1,674) $ 73,944 (a) Represents taxes at statutory rate on income and losses for which no tax expense or benefit is recognizable by SPLP and certain of its subsidiaries which are taxed as pass-through entities. Such income and losses are allocable directly to SPLP's unitholders and taxed when realized. (b) Represents taxes on unrealized gains on investment from related parties, which are eliminated for financial statement purposes. (c) Represents taxes on transactions between related parties that are recognized for tax purposes but eliminated for financial statement purposes. Income tax (benefit) expense was ($1,674) and $73,944 for 2023 and 2022, respectively. The decrease in the tax expense for the year ended December 31, 2023, was primarily attributable to a reduction in taxable income, the tax-neutral treatment of certain internal restructurings, and the partial release of valuation allowances on the Company’s net operating losses as described below, partially offset by increases in effective state and foreign income tax rates associated with the Company’s operations. Deferred Taxes The effects of temporary differences that give rise to the deferred tax assets and liabilities are presented as follows: December 31, 2023 2022 Deferred Tax Assets: Operating loss carryforwards (a) $ 117,930 $ 36,266 Postretirement and postemployment employee benefits 11,079 20,781 Tax credit carryforwards 923 2,144 Accrued costs 8,875 5,079 Investment impairments and unrealized losses 1,086 9,338 Inventories 5,551 4,713 Environmental costs 6,441 6,146 Section 174 costs 9,218 2,810 Allowance for doubtful accounts and loan losses 7,353 7,974 Lease liabilities 14,996 10,024 Deferred Compensation 5,030 5,150 Other 1,961 848 Gross deferred tax assets 190,443 111,273 Deferred Tax Liabilities: Intangible assets (25,673) (17,239) Fixed assets (28,454) (26,148) Unrealized gain on investment (b) (37,803) (76,427) Right of use assets (14,448) (10,021) Other (1,445) (1,098) Gross deferred tax liabilities (107,823) (130,933) Valuation allowance (c) (100,392) (20,902) Net deferred tax liabilities $ (17,772) $ (40,562) (a) The ability for certain subsidiaries to utilize net operating losses and other credit carryforwards may be subject to limitation upon changes in control. (b) Includes taxes on unrealized gains on investment from related parties, which are eliminated for financial statement purposes. (c) Certain subsidiaries of the Company establish valuation allowances when they determine, based on their assessment, that it is more likely than not that certain deferred tax assets will not be fully realized. This assessment is based on, but not limited to, historical operating results, uncertainty in projections of taxable income and other uncertainties that may be specific to a particular business. At December 31, 2023, the Company’s corporate subsidiaries had carryforwards of U.S. federal NOLs of approximately $424,503; of this amount, $317,361 expire in 2024 through 2037 and $107,141 are not subject to expiration. In addition, there are federal NOLs that can only be utilized by the corporate subsidiaries that generated the prior year losses, commonly called separate return limitation year ("SRLY") NOLs, totaling $39,202, of which $33,628 will expire in 2028 through 2037, and $5,574 which are not subject to expiration. The Company’s corporate subsidiaries have NOLs in foreign jurisdictions totaling $86,071. A valuation allowance has been established against a significant portion of the deferred tax asset associated with the foreign NOLs. There are NOLs in various states in which the subsidiaries operate. The amount totaled $19,978 and expires in 2024 through 2044. A valuation allowance has been established against a significant portion of the deferred tax asset associated with the state NOLs. U.S. income taxes were not provided on cumulative undistributed foreign earnings as of December 31, 2023 and 2022. The Company’s foreign undistributed earnings generally remain indefinitely reinvested in foreign operations, and therefore no provision for U.S. income taxes was accrued, with the exception of the foreign earnings of Steel Connect. The Company believes that in future years Steel Connect will be able to repatriate its foreign earnings without incurring additional U.S. tax and has accrued for potential withholding taxes that may be imposed as a result of the repatriation, which the Company believes would be minor. Foreign laws may delay or add cost to any such repatriation, which costs or delays may be significant. Legislation enacted in 2017 amended Section 174 to require capitalization of all research and developmental ("R&D") costs incurred in tax years beginning after December 31, 2021. These costs are required to be amortized over five years if the R&D activities are performed in the U.S., or over 15 years if the activities were performed outside the U.S. The Company capitalized approximately $23,940 and $23,364 of R&D expenses incurred as of December 31, 2023 and 2022, respectively. The Company's corporate subsidiaries have no federal research and development credit carryforwards as of December 31, 2023, and state research and development credit carryforwards of $17,329 for which a significant amount do not expire. The Company has a valuation allowance to reserve a significant portion of its deferred tax assets associated with the credit carryforwards. The Company's net deferred income tax assets and liabilities were reported on the consolidated balance sheet as follows. Year Ended December 31, 2023 2022 Deferred tax assets $ 581 $ 493 Deferred tax liabilities (18,353) (41,055) Net deferred income tax liabilities $ (17,772) $ (40,562) Unrecognized Tax Benefits U.S. GAAP provides that the tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is more likely than not of being sustained on audit, based on the technical merits of the position. The change in the amount of unrecognized tax benefits for 2023 and 2022 was as follows: Balance at December 31, 2021 $ 42,053 Additions for tax positions related to current year 273 Additions for tax positions related to prior years 727 Payments (347) Reductions due to lapsed statutes of limitations and expiration of credits (2,849) Balance at December 31, 2022 $ 39,857 Additions for tax positions related to current year 414 Additions for tax positions related to prior years 1,258 Payments — Reductions due to lapsed statutes of limitations and expiration of credits (1,576) Balance at December 31, 2023 $ 39,953 The Company's total gross unrecognized tax benefits were $39,953 and $39,857 at December 31, 2023 and 2022, respectively, of which $36,499, if recognized, would affect the provision for income taxes. In 2023, the Company reversed $1,576 of reserves upon the expiration of the statutes of limitations with applicable taxing authorities and the expiration of time for utilizing certain credits for which a full reserve is maintained. As of December 31, 2023, it is reasonably possible that unrecognized tax benefits may decrease by $5,679 in the next 12 months due to the expiration of statutes of limitations. The Company recognizes interest and penalties, if applicable, related to uncertain tax positions in its income tax provision in the consolidated statement of operations. For 2023 and 2022, the amount of such interest and penalties recognized was $1,434 and $547, respectively. The Company is subject to U.S. federal income tax, as well as income taxes in various domestic states and foreign jurisdictions in which the Company operated or formerly operated. The Company is not currently under tax examination in the U.S. or any foreign jurisdictions, and the Company is generally no longer subject to federal, state or local income tax examinations by tax authorities for any year prior to 2018. Nonetheless, NOLs generated in prior years are subject to examination and potential adjustment by the taxing authorities upon their utilization in subsequent years’ tax returns. The Company has ongoing state audits in various state tax jurisdictions. It is difficult to predict the final outcome or timing of resolution of any particular tax matter, but the Company has not identified any material adjustments with respect to the state audits to date.

NET INCOME PER COMMON UNIT

NET INCOME PER COMMON UNIT	12 Months Ended
NET INCOME PER COMMON UNIT	Dec. 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: December 31, 2023 2022 Net income $ 154,002 $ 206,165 Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (3,173) (193) Net income attributable to common unitholders 150,829 205,972 Effect of dilutive securities: Interest expense from SPLP Preferred Units (a) 12,311 12,311 Net income attributable to common unitholders – assuming dilution $ 163,140 $ 218,283 Net income per common unit - basic Net income attributable to common unitholders $ 7.04 $ 9.03 Net income per common unit – diluted Net income attributable to common unitholders $ 6.43 $ 8.12 Denominator for net income per common unit - basic 21,433,900 22,813,588 Effect of dilutive securities: Incentive units 114,797 — Unvested restricted common units 20,062 137,906 SPLP Preferred Units 3,788,037 3,917,946 Denominator for net income per common unit - diluted (a) 25,356,796 26,869,440 (a) Assumes the SPLP Preferred Units were redeemed in common units as described in Note 15 - "Capital and Accumulated Other Comprehensive Loss."

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Financial assets and liabilities measured at fair value on a recurring basis in the Company's consolidated financial statements as of December 31, 2023 and 2022 are summarized by type of inputs applicable to the fair value measurements as follows: December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Long-term investments (a) $ 15,965 $ 447 $ 5,746 $ 22,158 Precious metal and commodity inventories recorded at fair value 35,361 — — 35,361 Economic interests in loans (b) — — 4,903 4,903 Commodity contracts on precious metal and commodity inventories — 75 — 75 Warrants (c) — — 1,436 1,436 Total $ 51,326 $ 522 $ 12,085 $ 63,933 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 25 $ — $ 25 Other precious metal liabilities 30,958 — — 30,958 Total $ 30,958 $ 25 $ — $ 30,983 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 10 - " Investments ." The investment in PCS-Mosaic of $19,067 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 13 - " Financial Instruments ." (c) Included within Other non-current assets in the Company's consolidated balance sheets. There were no transfers of securities among the various measurement input levels during the years ended December 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 13 - "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 in Associated Companies (a) Economic Interests in Loans (b) Warrants (b) Total Balance at December 31, 2021 $ 50,085 $ 6,483 $ 6,929 $ 63,497 Purchases 1,826 — — 1,826 Sales, cash collections, and eliminations — (6,049) (1,215) (7,264) Realized gains on sale — 5,294 (2,150) 3,144 Unrealized gains 746 — — 746 Unrealized losses (321) — — (321) Balance at December 31, 2022 52,336 5,728 3,564 61,628 Purchases 2,898 — — 2,898 Sales, cash collections, and eliminations (49,521) (5,538) — (55,059) Realized gains on sale (7) 4,713 (2,128) 2,578 Unrealized gains 40 — — 40 Balance at December 31, 2023 $ 5,746 $ 4,903 $ 1,436 $ 12,085 (a) Unrealized gains and losses are recorded in Loss (income) of associated companies, net of taxes (b) Realized and unrealized gains and losses are recorded in Realized and unrealized gains on securities, net or Financial Services revenue in the Company's consolidated statements of operations. Long-Term Investments - Valuation Techniques The Company estimated the value of its investment in the STCN Note as of December 31, 2022 using a Binomial Lattice Model. Key inputs in the valuation included 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 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. The Company's investments in the STCN Note and STCN preferred stock were remeasured as of the date of the Exchange Transaction. The Company's investment in Steel Connect as of December 31, 2023 was eliminated as the Company's ownership of Steel Connect increased to 84.0% on May 1, 2023, as discussed in Note 5 - "Acquisitions and Divestitures" . 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 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 13 - "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 flows analyses that consider credit, performance and prepayment. Unobservable inputs used in the discounted cash flow analyses are: a constant prepayment rate of 8.69% to 35.21%, a constant default rate of 1.72% to 21.91% and a discount rate of 1.82% to 25.12%. 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	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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 December 31, 2023, on a consolidated basis, the Company recorded liabilities of $13,107 and $25,388 in Accrued liabilities Other non-current liabilities Accrued Liabilities Other non-current liabilities 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 ("ECA") 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 specific issues in the ECA and 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 $14,300 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 $800 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 $2,500 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. 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 published the settlement in the New Jersey Register and received one comment. After the close of the comment period, in November 2023, the State filed a motion to approve the Consent Judgment. The Court conducted a hearing in January 2024 with respect to the motion to approve the Consent Judgment. The parties are awaiting the Court's decision. 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 parties have substantially completed the fact and expert discovery, including the exchange of competing expert reports. The Company has a reserve of $2,600, which is SLI's best estimate of potential losses. 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 first half of 2024. 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 Delaware 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. On September 12, 2023, the court approved a stipulated pretrial and trial schedule culminating in a trial scheduled for September 2024. The possible liability, if any, with respect to this dispute cannot be determined as of this date. On September 1, 2023, a purported stockholder of STCN, Mohammad Ladievardian, filed a verified complaint alleging a single direct claim for breach of fiduciary duty against members of STCN's Board of Directors, the Company and certain of its affiliates, in connection with the Exchange Transaction. The complaint alleges that although the challenged transaction was approved by the independent Strategic Planning Committee of STCN's Board of Directors, the committee failed to obtain a "control premium" or to consider the dilutive effect that the Series E Convertible Preferred Stock issuance had on the plaintiff's holdings. Remedies requested include rescission of the Series E Convertible Preferred Stock and a judicially imposed requirement that all future transactions involving the Company and its affiliates be subject to minority stockholder approval. On September 27, 2023, the entity defendants moved to dismiss the complaint. On October 5, 2023, the individual defendants moved to dismiss the complaint. 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 December 31, 2023. In many cases these claims involved more than 100 defendants. There were approximately 58 pending asbestos claims as of December 31, 2023. BNS Sub believes it has significant defenses to any liability for toxic-tort claims. 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 December 31, 2023 and 2022, BNS Sub has accrued $1,357 and $1,418, respectively, 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	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The components of receivables from related parties and payables from related parties for the years ended December 31, 2023 and 2022 are presented below: Year Ended December 31, 2023 2022 Receivable from related parties: Receivable from associated companies - STCN $ — $ 967 Receivable from other related parties 234 (5) Total $ 234 $ 962 Payables to related parties: Accrued management fees $ 170 $ 299 Payables to other related parties 2,359 2,582 Total $ 2,529 $ 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 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 measured as of the last day of each fiscal year (see Note 15 - "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 $12,490 and $10,446 for the years ended December 31, 2023 and 2022, respectively, and net of reimbursement for use of Company assets of $150 and $0 for the years ended December 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 Payables to related parties on the Company's consolidated balance sheets were $170 and $299 at December 31, 2023 and 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 $4,627 and $4,535 during the years ended December 31, 2023 and 2022, respectively, of which $4,623 and $4,493 was reimbursement for executive travel during the years ended December 31, 2023 and 2022, respectively. Unpaid amounts for reimbursable expenses were approximately $2,185 and $2,427 at December 31, 2023 and 2022, respectively, and are included in Payables to related parties on the Company's consolidated balance sheets. Corporate Services The Company's subsidiary, Steel Services Ltd ("Steel Services"), through management services agreements with its subsidiaries and portfolio companies, provides services, which include assignment of C-Level management personnel, legal, tax, accounting, treasury, consulting, auditing, administrative, compliance, environmental health and safety, human resources, marketing, investor relations, operating group management and other similar services. In addition to its servicing agreements with SPLP and its consolidated subsidiaries, which are eliminated in consolidation, Steel Services has management services agreements with other companies considered to be related parties, including J. Howard Inc., Steel Partners, Ltd. and affiliates. In total, Steel Services currently charges approximately $1,787 annually to these companies. Upon closing of the Exchange Transaction on May 1, 2023, STCN became a consolidated subsidiary of the Company as described in Note 5 - "Acquisitions and Divestitures." Service fees charged to STCN after May 1, 2023 are eliminated in consolidation. All amounts billed under these service agreements are classified as a reduction of Selling, general and administrative expenses. 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 December 31, 2023 and 2022, several related parties and consolidated subsidiaries had deposits totaling $110 and $1,112 at WebBank, respectively. Approximately $27 and $31 of these deposits, including interest which was not significant, have been eliminated in consolidation as of December 31, 2023 and 2022, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION SPLP operates through the following segments: Diversified Industrial, Energy, Supply Chain 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 Supply Chain segment is comprised of the operations of Steel Connect's wholly-owned subsidiary, ModusLink, which provides supply chain management and logistics services. 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 our consolidated subsidiaries and other related companies as further discussed in Note 20 - "Related Party Transactions." Steel Services charged the Diversified Industrial, Energy, Financial Services, and Supply Chain segme nt s $54,796, $9,491, $2,160, and $2,468, respectively, for the year ended December 31, 2023. For the year ended December 31, 2022, Steel Services charged the Diversified Industrial, Energy and Financial Services segments $48,951 , $9,083 and $1,929 , respectively, for these services. These service fees are reflected as expenses in the segment income (loss) below, but are eliminated in consolidation. Segment information is presented below: Year Ended December 31, 2023 2022 Revenue: Diversified Industrial $ 1,193,964 $ 1,285,666 Energy 179,438 181,811 Financial Services 416,911 227,964 Supply Chain 115,144 — Total $ 1,905,457 $ 1,695,441 Income before interest expense and income taxes: Diversified Industrial $ 70,937 $ 200,629 Energy 16,247 13,608 Financial Services 74,248 63,477 Supply Chain 8,726 — Corporate and other 570 23,044 Income before interest expense and income taxes 170,728 300,758 Interest expense 18,400 20,649 Income tax (benefit) provision (1,674) 73,944 Net income $ 154,002 $ 206,165 Loss (income) of associated companies, net of taxes: Corporate and other $ 8,878 $ (4,611) Total $ 8,878 $ (4,611) Year Ended December 31, 2023 Capital Depreciation and Diversified Industrial $ 40,720 $ 41,424 Energy 8,512 10,065 Financial Services 314 835 Supply Chain 1,727 3,569 Corporate and other 178 672 Total $ 51,451 $ 56,565 Year Ended December 31, 2022 Capital Depreciation and Diversified Industrial $ 39,588 $ 41,805 Energy 7,411 10,546 Financial Services 274 750 Corporate and other 268 654 Total $ 47,541 $ 53,755 December 31, 2023 2022 Total Assets: Diversified Industrial $ 799,630 $ 819,899 Energy 80,342 80,315 Financial Services 2,498,825 1,945,964 Supply Chain 167,874 — Corporate and other 443,769 389,671 Total $ 3,990,440 $ 3,235,849 The following table presents geographic revenue and long-lived asset information as of and for the years ended December 31, 2023 and 2022. Foreign revenue is based on the country in which the legal subsidiary generating the revenue is domiciled. Long-lived assets in 2023 and 2022 consist of property, plant and equipment, non-current operating lease right-of-use assets, plus approximately $4,843 in both 2023 and 2022, of land and buildings from previously operating businesses and other non-operating assets. Such assets are carried at the lower of cost or fair value less cost to sell and are included in Other non-current assets on the Company's consolidated balance sheets as of December 31, 2023 and 2022. Neither revenue nor long-lived assets from any single foreign country were material to the consolidated financial statements of the Company. 2023 2022 Revenue Long-lived Assets Revenue Long-lived Assets Geographic information: United States $ 1,744,076 $ 288,180 $ 1,613,438 $ 257,129 Foreign 161,381 47,390 82,003 28,937 Total $ 1,905,457 $ 335,570 $ 1,695,441 $ 286,066

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
REGULATORY MATTERS	Dec. 31, 2023
Regulatory Matters [Abstract]
REGULATORY MATTERS	REGULATORY MATTERS WebBank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain actions by regulators that, if undertaken, could have a direct material effect on WebBank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, WebBank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. WebBank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. As a result of Basel III becoming fully implemented as of January 1, 2019, WebBank's minimum requirements increased for both the quantity and quality of capital held by WebBank. The rules include a new common equity Tier 1 capital to risk-weighted assets ratio ("CET1 Ratio") of 4.5% and a capital conservation buffer of 2.5% of risk-weighted assets, which as fully phased-in, effectively results in a minimum CET1 Ratio of 7.0%. Basel III raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% (which, with the capital conservation buffer, effectively results in a minimum Tier 1 capital ratio of 8.5% as fully phased-in), and effectively results in a minimum total capital to risk-weighted assets ratio of 10.5% (with the capital conservation buffer fully phased-in), and requires a minimum leverage ratio of 4.0%. Basel III also made changes to risk weights for certain assets and off-balance-sheet exposures. WebBank expects that its capital ratios under Basel III will continue to exceed the well capitalized minimum capital requirements, and such amounts are disclosed in the table below: Amount of Capital Required Actual For Capital Adequacy Purposes Minimum Capital Adequacy With Capital Buffer To Be Well Capitalized Under Prompt Corrective Provisions As of December 31, 2023 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total Capital (to risk-weighted assets) $ 359,747 15.40 % $ 186,523 8.00 % $ 244,811 10.50 % $ 233,154 10.00 % Tier 1 Capital (to risk-weighted assets) $ 334,833 14.40 % $ 139,892 6.00 % $ 198,180 8.50 % $ 186,523 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 334,833 14.40 % $ 104,919 4.50 % $ 163,207 7.00 % $ 151,550 6.50 % Tier 1 Capital (to average assets) $ 334,833 13.20 % $ 101,663 4.00 % n/a n/a $ 127,078 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.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION A summary of supplemental cash flow information for the years ended December 31, 2023 and 2022 is presented in the following table: Year Ended December 31, 2023 2022 Cash paid during the period for: Interest $ 87,616 $ 29,068 Taxes $ 33,296 $ 28,633

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 150,829	$ 205,972

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Use of Estimates in Preparation of Consolidated Financial Statements	Use of Estimates in Preparation of Consolidated Financial Statements The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP"). The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses, and related disclosure of contingent assets and liabilities during the reporting period. The more significant estimates include: (1) revenue recognition; (2) the valuation allowances for trade and other receivables, loans receivable and inventories; (3) the valuation of goodwill, indefinite-lived intangible assets, long-lived assets and associated companies; (4) the valuation of deferred tax assets; (5) contingencies, including legal and environmental liabilities; (6) fair value of derivatives; (7) post-employment benefit liabilities; (8) estimates and assumptions used in the determination of fair value of certain securities; and (9) estimates of loan losses. Actual results may differ from the estimates used in preparing the consolidated financial statements; and, due to substantial holdings in and/or restrictions on certain investments, the value that may be realized could differ from the estimated fair value.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and deposits in depository institutions and financial institutions, and includes WebBank cash at the Federal Reserve Bank. The Company considers all highly liquid debt instruments with maturities of three months or less when purchased to be cash equivalents. Cash and cash equivalents include qualifying money market funds and exclude amounts where availability is restricted by loan agreements or other contractual provisions. Cash equivalents are stated at cost, which approximates market value.
Marketable Securities and Long-Term Investments	Marketable Securities and Long-Term Investments Marketable securities consist of short-term deposits, corporate debt and equity instruments, and mutual funds. The Company classifies its marketable securities as current assets based on the nature of the securities and their availability for use in current operations. Long-term investments consist of equity securities and certain associated company investments. Held-to-maturity securities are classified in Other non-current assets. SPLP determines the appropriate classifications of its investments at the acquisition date and re-evaluates the classifications at each balance sheet date. • Available-for-sale equity securities are reported at fair value, with unrealized gains and losses recognized in Realized and unrealized gains on securities, net in the consolidated statements of operations. • Available-for-sale debt securities are reported at fair value, with unrealized gains and losses recognized in accumulated other comprehensive income or loss ("AOCI") as a separate component of SPLP's Partners' capital in both 2023 and 2022. • Associated companies represent equity method investments in companies where the Company's ownership is generally between 20% and 50% of the outstanding equity and it has the ability to exercise significant influence, but not control, over the investee. For equity method investments where the fair value option has been elected, unrealized gains and losses are reported in the Company's consolidated statements of operations as part of Loss of associated companies, net of taxes. For the equity method investments where the fair value option has not been elected, SPLP records the investment at cost and subsequently increases or decreases the investment by its proportionate share of the net income or loss and other comprehensive income or loss of the investee. • Held-to-maturity securities are recorded at amortized cost, adjusted for the amortization or accretion of premiums or discounts. Dividend and interest income is recognized when earned. Realized gains and losses on marketable securities and long-term investments are included in earnings and are derived using the specific-identification method. Commission expense is recorded as a reduction of sales proceeds on investment sales. Commission expense on purchases is included in the cost of investments on the Company's consolidated balance sheets.
Other Than Temporary Impairment	Other Than Temporary Impairment If the Company believes a decline in the market value of any available-for-sale debt security, equity method or held-to-maturity security below cost is other than temporary, a loss is charged to earnings, which establishes a new cost basis for the security. Impairment losses are included in Asset impairment charges in the Company's consolidated statements of operations. SPLP's determination of whether a security is other than temporarily impaired incorporates both quantitative and qualitative information. The Company considers a number of factors including, but not limited to, the length of time and the extent to which the fair value has been less than cost, the length of time expected for recovery, the financial condition of the issuer, the reason for the decline in fair value, changes in fair value subsequent to the balance sheet date, the ability and intent to hold investments to maturity, and other factors specific to the individual investment. Specifically, for held-to-maturity securities, the Company considers whether it plans to sell the security or it is more-likely-than-not that it will be required to sell the security before recovery of its amortized cost. The credit component of an other-than-temporary impairment loss is recognized in earnings and the non-credit component is recognized in AOCI in situations where the Company does not intend to sell the security and it is more likely-than-not that the Company will not be required to sell the security prior to recovery. SPLP's assessment involves a high degree of judgment and accordingly, actual results may differ materially from those estimates and judgments.
Trade Receivables, Net	Trade Receivables, Net
Loans Receivable, Including Loans Held for Sale	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 generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for credit losses, and any deferred fees or costs on originated loans. 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 the lower of amortized cost basis or fair value. 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	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 management's 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 for WebBank's held to maturity debt securities debt securities portfolio is not presented separately on the consolidated balance sheet due to immateriality. 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. Specific reserves cover impaired loans, or loans individually valuated for impairment, and are primarily measured based on the fair value of collateral. Adjustments to the fair value of collateral are made for anticipated selling costs. A specific reserve may be zero if the fair value of collateral on the measurement date is greater than the carrying balance of the impaired loan. Additionally, the present value of expected future cash flows discounted at the original contractual interest rate may also be used, when practical. 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.
Inventories	Inventories Inventories are generally stated at the lower of cost (determined by the first-in, first-out method or average cost method) and net realizable value. Cost is determined by the last-in, first-out ("LIFO") method for certain precious metal inventory held in the U.S., and remaining precious metal inventory is primarily carried at fair value. For precious metal inventory, no segregation among raw materials, work in process and finished products is practicable. For other inventory, the cost of work in process and finished products comprises the cost of raw materials, direct labor and overhead costs attributable to the production of inventory. Non-precious metal inventories are evaluated for estimated excess and obsolescence based upon assumptions about future demand and market conditions, and are adjusted accordingly. If actual market conditions are less favorable than those projected, future write-downs may be required.
Goodwill and Other Intangible Assets, Net	Goodwill and Other Intangible Assets, Net Goodwill, which is not amortized, represents the difference between the purchase price and the fair value of identifiable net assets acquired in a business combination. Goodwill is tested for impairment at a reporting unit level, and all of the Company’s goodwill is assigned to its reporting units. Reporting units are determined based upon the Company’s organizational structure in place at the date of the goodwill impairment testing and are generally one level below the operating segment level. The Company tests goodwill annually for impairment as of December 1st, and additionally on an interim basis, if events occur or circumstances change that would indicate the carrying amount may be impaired. Examples of such events would include pertinent macroeconomic conditions, industry and market considerations, overall financial performance and other factors. An entity can choose between using a qualitative impairment test often referred to as “Step 0” or a quantitative impairment test often referred to as “Step 1”. For the Step 0 approach, an entity may assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. An entity has an unconditional option to bypass the Step 0 assessment for any reporting unit in any period and proceed directly to performing a Step 1 of the goodwill impairment test. An entity may resume performing the Step 0 assessment in any subsequent period. For the Step 1 approach, which is a quantitative approach, the Company will calculate the fair value of a reporting unit and compare it to its carrying amount. There are several methods that may be used to estimate a reporting unit's fair value, including the income approach, the market approach and/or the cost approach. The amount of impairment, if any, is determined by comparing the fair value of a reporting unit with its carrying amount and recognizing an impairment charge based on the amount that the carrying amount exceeds the reporting unit's fair value. The loss recognized should not exceed the total goodwill allocated to the reporting unit. For finite-lived intangible assets, the Company evaluates the carrying amount of such assets when circumstances indicate the carrying amount may not be recoverable. Conditions that could have an adverse impact on the cash flows and fair value of the long-lived assets are deteriorating business climate, condition of the asset or plans to dispose of the asset before the end of its useful life. If the assets' carrying amounts exceed the sum of the undiscounted cash flows, an impairment charge is recognized in the amount by which the carrying amounts exceeds their fair values. The Company performs such assessments at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, which is generally at the plant level, operating company level or the reporting unit level, depending on the level of interdependencies in the Company's operations. Indefinite-lived intangible assets are tested for impairment at least annually, or when events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Companies can use the same two testing approaches for indefinite-lived intangibles as for goodwill. There were no impairments of goodwill or other intangible assets in 2023 and 2022.
Derivatives	Derivatives The Company uses various hedging instruments to reduce the impact of changes in precious metal prices and the effect of foreign currency fluctuations. These instruments are recorded as either fair value hedges, economic hedges, cash flow hedges or derivatives with no hedging designation. Precious Metals The Company's precious metal and commodity inventories are subject to market price fluctuations. The Company enters into commodity futures and forward contracts to mitigate the impact of price fluctuations on its precious and certain non-precious metal inventories that are not subject to fixed price contracts. The Company's hedging strategy is designed to protect it against normal volatility; therefore, abnormal price changes in these commodities or markets could negatively impact the Company's earnings. Fair Value Hedges . The fair values of these derivatives are recognized as derivative assets and liabilities on the Company's consolidated balance sheets. The net change in fair value of the derivative assets and liabilities, and the change 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. The fair value hedges are associated primarily with the Company's precious metal inventory carried at fair value. Economic Hedges . As these derivatives are not designated as accounting hedges under U.S. GAAP, they are accounted for as derivatives with no hedge designation. The derivatives are marked to market, and both realized and unrealized gains and losses are recorded in current period 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. 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 18 - "Fair Value Measurements"). At December 31, 2023, outstanding derivatives mature within 3 to 5 years. Gains and losses resulting from changes in 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 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.
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net Property, plant and equipment is recorded at cost. Depreciation of property, plant and equipment is recorded principally on the straight line method over the estimated useful lives of the assets, which range as follows: machinery and equipment 3 to 15 years and buildings and improvements 10 to 30 years. Leasehold improvements are amortized over the shorter of the terms of the related leases or the estimated useful lives of the improvements. Interest cost is capitalized for qualifying assets during the assets' acquisition period. Maintenance and repairs are charged to expense, and renewals and betterments are capitalized. Gains or losses on dispositions is recorded in Other income, net. The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. If the carrying amounts of the long-lived assets exceed the sum of the undiscounted cash flows, an impairment charge is recognized in the amount by which the carrying amounts exceeds their fair values, which is generally determined using a discounted cash flow methodology. The Company performs such assessments at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, which is generally at the plant level, operating company level or the reporting unit level, depending on the level of interdependencies in the Company's operations. The Company considers various factors in determining whether an impairment test is necessary, including among other things: a significant or prolonged deterioration in operating results and projected cash flows; significant changes in the extent or manner in which assets are used; technological advances with respect to assets which would potentially render them obsolete; the Company's strategy and capital planning; and the economic climate in the markets it serves. When estimating future cash flows and if necessary, fair value, the Company makes judgments as to the expected utilization of assets and estimated future cash flows related to those assets. The Company considers historical and anticipated future results, general economic and market conditions, the impact of planned business and operational strategies and other information available at the time the estimates are made. The Company believes these estimates are reasonable; however, changes in circumstances or conditions could have a significant impact on its estimates, which might result in material impairment charges in the future.
Leases	Leases The Company determines if an agreement qualifies as a lease or contains a lease in the period that the agreement is executed. An agreement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of an asset includes the right to obtain substantially all of the economic benefits of the underlying asset and the right to direct how and for what purpose the asset is used. Right of use ("ROU") assets represent the Company’s right to use an underlying asset during the reasonably certain lease term. Lease liabilities represent the Company's obligation to make payments over the life of the lease. A ROU asset and a lease liability are recognized at commencement of the lease based on the present value of the lease payments over the life of the lease. Since the interest rate implicit in a lease is generally not readily determinable, the Company uses an incremental borrowing rate to determine the present value of the lease payments. The incremental borrowing rate represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar lease term to obtain an asset of similar value. Our lease terms may include options to extend or terminate the lease when the Company is reasonably certain that we will exercise that option. Initial direct costs are included as part of the ROU asset upon commencement of the lease. The Company has applied the practical expedient available for lessees in which lease and non-lease components are accounted for as a single lease component for all of our asset classes. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short-term leases), and the Company recognizes lease expense for these leases as incurred over the lease term.
Deferred Debt Issue Costs	Deferred Debt Issue Costs Costs to issue debt are capitalized and deferred when incurred and subsequently amortized to interest expense over the expected life of the revolving credit facility. Deferred debt issuance costs for line-of-credit arrangements are presented in the Company's consolidated balance sheets in other assets.
Business Combinations	Business Combinations Business combinations are accounted for using the purchase method of accounting. The purchase price of an acquisition is measured as the aggregate of the fair value of the consideration transferred at the acquisition date. The purchase price is allocated to the fair values of the tangible and intangible assets acquired and liabilities assumed at date of acquisition, with any excess recorded as goodwill. These fair value determinations require management to make estimates which are based on all available information and may involve the use of assumptions with respect to the timing and amount of future revenues and expenses, the weighted average cost of capital, and royalty rates associated with the transaction and the assets or liabilities acquired. In addition to using management estimates the Company uses a variety of information sources to determine the estimated fair values of acquired assets and liabilities including third-party appraisals for the estimated value and lives of identifiable intangible assets and property, plant and equipment. This judgment and determination affect the amount of consideration paid that is allocable to assets and liabilities acquired in the business purchase transaction. The purchase price allocation may be provisional during a measurement period of up to one year to provide reasonable time to obtain the information necessary to identify and measure the assets acquired and liabilities assumed. Any such measurement period adjustments are recognized in the period in which the adjustment amount is determined. Transaction costs associated with the acquisition are expensed as incurred.
Revenue Recognition	Revenue Recognition General The Company accounts for a contract when it has approval and commitment from all parties, the rights and payment terms of the parties can be identified, the contract has commercial substance and the collectability of the consideration, or transaction price, is probable. At the inception of each contract, the Company evaluates the promised goods and services to determine whether the contract should be accounted for as having one or more performance obligations. A performance obligation is a promise to transfer a distinct good or service to a customer and represents the unit of accounting for revenue recognition. Revenues are recognized when control of the promised goods or services are transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company records all shipping and handling fees billed to customers as revenue. The Company has elected to account for shipping and handling activities that are performed after the customer obtains control of a good as activities to fulfill the promise to transfer the good. If revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Sales and usage-based taxes are excluded from revenues. The Company does not have any material service-type warranty arrangements. The expected costs associated with the Company's assurance warranties are recognized as expense when the products are sold. The Company does not have any material significant financing arrangements as payment is received shortly after the goods are sold or services are performed. Cash received from customers prior to shipment of goods, or otherwise not yet earned, is recorded as deferred revenue. The Company determines the transaction for each contract based on the best estimate of the consideration the Company expects to receive, which includes assumptions regarding variable consideration. The Company includes such estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Variable consideration is primarily estimated using the most likely amount method. Generally, the Company's sales contracts with customers contain only one performance obligation. In certain circumstances, contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines the standalone selling price based on the prices charged to similar customers or by using the expected cost plus margin approach. The Company's performance obligations are generally part of contracts with customers that have a duration of less than one year, and therefore, the Company has not provided disclosures with respect to remaining performance obligations. The Company recognizes revenue for each performance obligation when (or as) the performance obligation is satisfied by transferring control of the promised goods or services underlying the performance obligation to the customer. The transfer of control can occur over time or at a point in time. Performance obligations are satisfied at a point in time unless they meet at least one of the following criteria, in which case they are satisfied over time: • The custom simultaneously receives and consumes the benefits provided by the Company's performance as it performs; • The Company's performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced; or • The Company's performance does not create an asset with an alternative use to us and the Company has an enforceable right to payment for performance completed to date. Given the typical duration of the Company's contracts with customers, as noted directly above, is less than one year, the Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within Selling, general and administrative expenses. For certain of the services that the Company's Diversified Industrial and Energy segments provide, the Company has determined that it has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the Company's performance completed to date, and therefore, the Company recognizes revenue in the amount to which the entity has a right to invoice when that amount corresponds directly with the value of the Company’s performance to date. The Company has also entered into rebate agreements with certain customers. These programs are typically structured to incentivize the customers to increase their annual purchases from the Company. The rebates are usually calculated as a percentage of the purchase amount, and such percentages may increase as the customer's level of purchases rise. Rebates are recorded as a reduction of net sales in the Company's consolidated statements of operations. As of December 31, 2023 and 2022, accrued rebates payable totaled $16,109 and $21,815, respectively, and are included in Accrued liabilities on the Company's consolidated balance sheets. Diversified Industrial Segment The Diversified Industrial segment is comprised of manufacturers of engineered niche industrial products. The majority of revenues recognized are for the sale of manufactured goods in the U.S. Other revenue recognized is for repair and maintenance services. Customer contracts are generally short-term in nature and are based on individual customer purchase orders. The terms and conditions of the customer purchase orders are dictated by either the Company's standard terms and conditions or by a master service agreement. Diversified Industrial revenues related to product sales are recognized when control of the promised goods is transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods. This condition is usually met at a point-in-time when the product has been shipped to the customer, or in certain circumstances when the product has been delivered to the customer, depending on the terms of the contract. However, revenues for certain custom manufactured goods are recognized over time as the customer order is fulfilled (for example, contracts for sale of custom manufactured goods that do not have an alternative use and for which the Company has an enforceable right to payment). Generally, a cost incurred input method is used to determine the timing of revenue recognition for over time arrangements. Service revenues are primarily recognized in the amount to which the entity has a right to invoice. Certain customers may receive sales incentives, such as right of return, rebates, volume discounts and early payment discounts, which are accounted for as variable consideration. The Company estimates these amounts based on the expected incentive amount to be provided to customers and reduces revenues, and these estimates are typically constrained. The Company adjusts its estimate of revenue at the earlier of when the expected value or most likely amount of consideration we expect to receive changes or when the consideration becomes fixed. Diversified Industrials' service revenues are generated primarily by repair and maintenance work performed on equipment used at mass merchants, supermarkets and restaurants. Service revenues are primarily recognized in the amount to which the entity has a right to invoice. Energy Segment The Energy segment provides drilling and production services to the oil and gas industry in the U.S. The services provided include well completion and recompletion, well maintenance and workover, flow testing, down hole pumping, plug and abatement, well logging and perforating wireline services. Service revenues are recognized in the amount to which the entity has a right to invoice. Consideration for Energy contracts is generally fixed. An immaterial portion of Energy revenues are service revenues related to Energy's youth sports business. These service revenues are recognized when services are provided to the customer, in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those services. Consideration for the Energy's sports business contracts is generally fixed. Financial Services Segment WebBank generates revenue through a combination of interest income and non-interest income. Interest income is derived from interest and fees earned on loans and investments. Interest income is accrued on the unpaid principal balance, including amortization of premiums and accretion of discounts. 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. Non-interest income is primarily derived from premiums on the sale of loans, loan servicing fees, origination fees earned on certain loans and fee income on contractual lending arrangements. Supply Chain Segment The Supply Chain segment recognizes revenue from its contracts with customers primarily from the sale of supply chain management services. Revenue is recognized when control of the promised goods or services transferred to a customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Amounts billed to customers under supply chain management services arrangements include revenue attributable to the services performed as well as for materials procured on the customer's behalf as part of its service to them. The majority of these arrangements consist of two distinct performance obligations (i.e. warehousing/inventory management service and a separate kitting/packaging/assembly service), revenue related to each of which is recognized over time as services are performed using an input method based on the level of efforts expended. 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 21 - "Segment Information."
Concentration of Revenue	Concentration of Revenue
Fair Value Measurements	Fair Value Measurements The Company measures certain assets and liabilities at fair value (see Note 18 - "Fair Value Measurements"). Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values of assets and liabilities are determined based on a three-level measurement input hierarchy. Level 1 inputs are quoted prices in active markets for identical assets or liabilities as of the measurement date. Level 2 inputs are other than quoted market prices that are observable, either directly or indirectly, for an asset or liability. Level 2 inputs can 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 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.
Pension Plans	Pension Plans The Company sponsors qualified and non-qualified pension and other post-retirement benefit plans covering certain of its current or former employees. In accordance with accounting standards for employee pension benefits, the Company recognizes on a plan-by-plan basis the unfunded status of its pension and post-retirement benefit plans in the consolidated financial statements and measures its pension plan assets and benefit obligations as of December 31, except for Steel Connect’s employee benefit plans which are measured as of its fiscal year end, July 31 (and approximates the value at December 31). The obligation for the Company's pension and post-retirement benefit plans and the related annual costs of employee benefits are calculated based on several long-term assumptions, including discount rates and expected mortality for employee benefit liabilities, rates of return on plan assets and expected annual rates for salary increases for employee participants.
Equity-Based Compensation	Equity-Based Compensation The Company accounts for restricted stock units granted to employees and non-employee directors as compensation expense, which is recognized in exchange for the services received. The compensation expense is based on the fair value of the equity instruments on the grant-date and is recognized as an expense over the service period of the recipients. The Company accounts for forfeitures in the period in which they occur.
Income Taxes	Income Taxes SPLP and certain of its subsidiaries, as limited partnerships, are generally not responsible for federal and state income taxes, and their profits and losses are passed directly to their partners for inclusion in their respective income tax returns. SPLP's subsidiaries that are corporate entities are subject to federal and state income taxes and file corporate income tax returns. SPLP's subsidiaries that are subject to income taxes use the liability method of accounting for such taxes. Under the liability method, deferred tax assets and deferred tax liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and deferred tax liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and deferred tax liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Such subsidiaries evaluate the recoverability of deferred tax assets and establish a valuation allowance when it is more likely than not that some portion of the deferred tax assets will not be realized. When tax returns are filed, it is highly certain that most positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the Company's consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is provided for and reflected as a liability for unrecognized tax benefits on the Company's consolidated balance sheets, along with any associated interest and penalties that would be payable to the taxing authorities upon examination. SPLP's policy is to record estimated interest and penalties related to the underpayment of income taxes as income tax provision in its consolidated statements of operations. The Company does not release income tax effects from AOCI until the underlying asset or liability to which the income tax relates has been derecognized from the balance sheet or otherwise terminated.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of SPLP's foreign subsidiaries are translated at current exchange rates and related revenues and expenses are translated at average rates of exchange in effect during the year. Resulting cumulative translation adjustments are recorded as a separate component of other comprehensive income or loss. Gains and losses arising from transactions denominated in a currency other than the functional currency of the reporting entity are included in earnings.
Legal Contingencies	Legal Contingencies The Company is subject to litigation, proceedings, claims or assessments and various contingent liabilities incidental to its business or assumed in connection with certain business acquisitions. The Company accrues a charge for a loss contingency when it believe it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. If the loss is within a range of specified amounts, the most likely amount is accrued, and the Company accrues the minimum amount in the range if no amount within the range represents a better estimate. Generally, the Company records the loss contingency at the amount we expect to pay to resolve the contingency, and the amount is generally not discounted to the present value. Amounts recoverable under insurance contracts are recorded as assets when recovery is deemed probable. Contingencies that might result in a gain are not recognized until realizable. Changes to the amount of the estimated loss or resolution of one or more contingencies could have a material impact on our results of operations, financial position and cash flows.
Environmental Liabilities	Environmental Liabilities The Company accrues for losses associated with environmental remediation obligations when such losses are probable and reasonably estimable. Accruals for environmental liabilities are included in Accrued liabilities Other non-current liabilities These accruals are adjusted periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded as assets when their receipt is deemed probable. The actual settlement of the Company’s liability for environmental matters could materially differ from its estimates due to a number of uncertainties such as the extent of contamination, changes in environmental laws and regulations, potential improvements in remediation technologies and the participation of other responsible parties.
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. This new standard changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments, including trade receivables, from an incurred loss model to an expected loss model and adds certain new required disclosures. Under the expected loss model, entities 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. Steel Connect, which comprise the Company's Supply Chain segment, elected to early adopt ASU 2016-13 as of the date of the Exchange Transaction, or May 1, 2023, in order to confirm with our accounting policies. The adoption did not have a material effect on the trade receivables and other financial assets of the Company's Supply Chain segment. 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. Accounting Standards Not Yet Effective In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which is intended to enhance the transparency, decision usefulness and effectiveness of income tax disclosures. The new guidance requires disaggregated information about the effective tax rate reconciliation and additional information on taxes paid that meet a quantitative threshold. The new guidance is effective for annual reporting periods beginning after December 15, 2024, with early adoption and retrospective application permitted. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statement disclosures; however, adoption will not impact its consolidated balance sheets or income statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment's profit or loss to assess potential future cash flows for each reportable segment and the entity as a whole. The new guidance requires a public entity to disclose significant expenses and other segment items that are regularly reported to the chief operating decision maker ("CODM") and the nature of segment expense information used to manage operations. Additionally, it requires a public entity to disclose the title and position of the CODM. The ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new guidance is effective for annual reporting periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statement disclosures; however, adoption will not impact its consolidated balance sheets or income statements. In August 2023, the FASB issued ASU 2023-05, Business Combinations-Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement ("ASU 2023-05") . ASU 2023-05 applies to the formation of a "joint venture" or a "corporate joint venture" and requires a joint venture to initially measure all contributions received upon its formation at fair value. The new guidance is applicable to joint venture entities with a formation date on or after January 1, 2025, on a prospective basis. Early adoption is permitted. The Company is currently evaluating this guidance to determine the impact of this accounting standard; however, adoption is not expected to have a material impact on its consolidated balance sheets or income statements. 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. The adoption is not expected to have a material impact on the Company's consolidated balance sheets or income statements.
Disaggregation of Revenues	Revenue Recognition General The Company accounts for a contract when it has approval and commitment from all parties, the rights and payment terms of the parties can be identified, the contract has commercial substance and the collectability of the consideration, or transaction price, is probable. At the inception of each contract, the Company evaluates the promised goods and services to determine whether the contract should be accounted for as having one or more performance obligations. A performance obligation is a promise to transfer a distinct good or service to a customer and represents the unit of accounting for revenue recognition. Revenues are recognized when control of the promised goods or services are transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company records all shipping and handling fees billed to customers as revenue. The Company has elected to account for shipping and handling activities that are performed after the customer obtains control of a good as activities to fulfill the promise to transfer the good. If revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Sales and usage-based taxes are excluded from revenues. The Company does not have any material service-type warranty arrangements. The expected costs associated with the Company's assurance warranties are recognized as expense when the products are sold. The Company does not have any material significant financing arrangements as payment is received shortly after the goods are sold or services are performed. Cash received from customers prior to shipment of goods, or otherwise not yet earned, is recorded as deferred revenue. The Company determines the transaction for each contract based on the best estimate of the consideration the Company expects to receive, which includes assumptions regarding variable consideration. The Company includes such estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Variable consideration is primarily estimated using the most likely amount method. Generally, the Company's sales contracts with customers contain only one performance obligation. In certain circumstances, contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines the standalone selling price based on the prices charged to similar customers or by using the expected cost plus margin approach. The Company's performance obligations are generally part of contracts with customers that have a duration of less than one year, and therefore, the Company has not provided disclosures with respect to remaining performance obligations. The Company recognizes revenue for each performance obligation when (or as) the performance obligation is satisfied by transferring control of the promised goods or services underlying the performance obligation to the customer. The transfer of control can occur over time or at a point in time. Performance obligations are satisfied at a point in time unless they meet at least one of the following criteria, in which case they are satisfied over time: • The custom simultaneously receives and consumes the benefits provided by the Company's performance as it performs; • The Company's performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced; or • The Company's performance does not create an asset with an alternative use to us and the Company has an enforceable right to payment for performance completed to date. Given the typical duration of the Company's contracts with customers, as noted directly above, is less than one year, the Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within Selling, general and administrative expenses. For certain of the services that the Company's Diversified Industrial and Energy segments provide, the Company has determined that it has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the Company's performance completed to date, and therefore, the Company recognizes revenue in the amount to which the entity has a right to invoice when that amount corresponds directly with the value of the Company’s performance to date. The Company has also entered into rebate agreements with certain customers. These programs are typically structured to incentivize the customers to increase their annual purchases from the Company. The rebates are usually calculated as a percentage of the purchase amount, and such percentages may increase as the customer's level of purchases rise. Rebates are recorded as a reduction of net sales in the Company's consolidated statements of operations. As of December 31, 2023 and 2022, accrued rebates payable totaled $16,109 and $21,815, respectively, and are included in Accrued liabilities on the Company's consolidated balance sheets. Diversified Industrial Segment The Diversified Industrial segment is comprised of manufacturers of engineered niche industrial products. The majority of revenues recognized are for the sale of manufactured goods in the U.S. Other revenue recognized is for repair and maintenance services. Customer contracts are generally short-term in nature and are based on individual customer purchase orders. The terms and conditions of the customer purchase orders are dictated by either the Company's standard terms and conditions or by a master service agreement. Diversified Industrial revenues related to product sales are recognized when control of the promised goods is transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods. This condition is usually met at a point-in-time when the product has been shipped to the customer, or in certain circumstances when the product has been delivered to the customer, depending on the terms of the contract. However, revenues for certain custom manufactured goods are recognized over time as the customer order is fulfilled (for example, contracts for sale of custom manufactured goods that do not have an alternative use and for which the Company has an enforceable right to payment). Generally, a cost incurred input method is used to determine the timing of revenue recognition for over time arrangements. Service revenues are primarily recognized in the amount to which the entity has a right to invoice. Certain customers may receive sales incentives, such as right of return, rebates, volume discounts and early payment discounts, which are accounted for as variable consideration. The Company estimates these amounts based on the expected incentive amount to be provided to customers and reduces revenues, and these estimates are typically constrained. The Company adjusts its estimate of revenue at the earlier of when the expected value or most likely amount of consideration we expect to receive changes or when the consideration becomes fixed. Diversified Industrials' service revenues are generated primarily by repair and maintenance work performed on equipment used at mass merchants, supermarkets and restaurants. Service revenues are primarily recognized in the amount to which the entity has a right to invoice. Energy Segment The Energy segment provides drilling and production services to the oil and gas industry in the U.S. The services provided include well completion and recompletion, well maintenance and workover, flow testing, down hole pumping, plug and abatement, well logging and perforating wireline services. Service revenues are recognized in the amount to which the entity has a right to invoice. Consideration for Energy contracts is generally fixed. An immaterial portion of Energy revenues are service revenues related to Energy's youth sports business. These service revenues are recognized when services are provided to the customer, in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those services. Consideration for the Energy's sports business contracts is generally fixed. Financial Services Segment WebBank generates revenue through a combination of interest income and non-interest income. Interest income is derived from interest and fees earned on loans and investments. Interest income is accrued on the unpaid principal balance, including amortization of premiums and accretion of discounts. 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. Non-interest income is primarily derived from premiums on the sale of loans, loan servicing fees, origination fees earned on certain loans and fee income on contractual lending arrangements. Supply Chain Segment The Supply Chain segment recognizes revenue from its contracts with customers primarily from the sale of supply chain management services. Revenue is recognized when control of the promised goods or services transferred to a customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Amounts billed to customers under supply chain management services arrangements include revenue attributable to the services performed as well as for materials procured on the customer's behalf as part of its service to them. The majority of these arrangements consist of two distinct performance obligations (i.e. warehousing/inventory management service and a separate kitting/packaging/assembly service), revenue related to each of which is recognized over time as services are performed using an input method based on the level of efforts expended. 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 21 - "Segment Information."

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
REVENUES (Tables)	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company's revenues disaggregated by geography for the years ended December 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. Year Ended December 31, 2023 2022 United States $ 1,744,076 $ 1,613,438 Foreign 161,381 82,003 Total revenue $ 1,905,457 $ 1,695,441
Contract with Customer, Asset and Liability	Contract Liabilities Balance at December 31, 2022 $ 4,380 Deferral of revenue 23,004 Recognition of unearned revenue (19,996) Balance at December 31, 2023 $ 7,388 Balance at December 31, 2021 $ 3,396 Deferral of revenue 10,894 Recognition of unearned revenue (9,910) Balance at December 31, 2022 $ 4,380

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Dec. 31, 2023
Leases [Abstract]
Components of Lease Cost	The components of lease cost are as follows: Year Ended December 31, 2023 2022 Operating lease cost $ 17,497 $ 9,669 Short-term lease cost $ 880 $ 792 Finance lease cost: Amortization of right-of-use assets $ 1,782 $ 1,521 Interest on lease liabilities 227 220 Total finance lease cost $ 2,009 $ 1,741 Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 15,401 $ 10,110 Operating cash flows from finance leases $ 221 $ 216 Financing cash flows from finance leases $ 2,342 $ 1,995 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 15,068 $ 19,567 Finance leases $ 1,795 $ 1,863
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases is as follows: December 31, 2023 December 31, 2022 Location on Operating leases Operating lease right-of-use assets $ 76,746 $ 42,711 Operating lease right-of-use assets Current operating lease liabilities $ 17,770 $ 7,733 Other current liabilities Non-current operating lease liabilities 61,790 35,512 Long-term operating lease liabilities Total operating lease liabilities $ 79,560 $ 43,245 Finance leases Finance lease assets $ 7,344 $ 7,296 Property, plant and equipment, net Current finance lease liabilities $ 2,086 $ 2,111 Other current liabilities Non-current finance lease liabilities 2,631 3,125 Other non-current liabilities Total finance lease liabilities $ 4,717 $ 5,236 Year Ended December 31, 2023 2022 Weighted-average remaining lease term (years) Operating leases 6.68 years 7.30 years Finance leases 2.64 years 2.85 years Weighted-average discount rate Operating leases 5.31 % 4.52 % Finance leases 5.43 % 4.10 %
Summary of Operating Lease Maturities	Maturities of lease liabilities, as of December 31, 2023, are as follows: Operating Leases Finance Leases 2024 $ 21,071 $ 2,285 2025 17,215 1,488 2026 13,417 948 2027 10,632 361 2028 7,824 12 Thereafter 25,694 — Total lease payments 95,853 5,094 Present value of current lease liabilities 17,770 2,086 Present value of long-term lease liabilities 61,790 2,631 Total present value of lease liabilities 79,560 4,717 Difference between undiscounted cash flows and discounted cash flows $ 16,293 $ 377
Summary of Finance Lease Maturities	Maturities of lease liabilities, as of December 31, 2023, are as follows: Operating Leases Finance Leases 2024 $ 21,071 $ 2,285 2025 17,215 1,488 2026 13,417 948 2027 10,632 361 2028 7,824 12 Thereafter 25,694 — Total lease payments 95,853 5,094 Present value of current lease liabilities 17,770 2,086 Present value of long-term lease liabilities 61,790 2,631 Total present value of lease liabilities 79,560 4,717 Difference between undiscounted cash flows and discounted cash flows $ 16,293 $ 377

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	12 Months Ended
ACQUISITIONS AND DIVESTITURES (Tables)	Dec. 31, 2023
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the total Exchange Transaction consideration: (in thousands) May 1, 2023 Fair value of Aerojet common stock $ 202,733 Fair value of previously held interests in Steel Connect: Steel Connect common stock 19,010 Steel Connect Series C Preferred Stock 35,000 Steel Connect Convertible Note 13,006 Noncontrolling interest ("NCI") at fair value 44,800 Less cash acquired (65,896) Total estimated consideration, less cash acquired $ 248,653 The Company remeasured the fair value of STCN common stock using the quoted market price available on the date immediately prior to when the Exchange Transaction was executed, which was the closing market price as of Friday, April 28, 2023, as that represented the information known and knowable at the time of the Exchange Transaction. The Company notes that the change in the calculation resulted in a measurement period adjustment which reallocated the components of total estimated consideration between the fair value of previously held STCN common stock and NCI, with no change to the overall consideration transferred. This measurement period adjustment was recorded as of December 31, 2023 and did not result in any other changes to assets or liabilities recognized by the Company. The Company's fair value estimates of the assets acquired and the liabilities assumed in the Exchange Transaction, as well as final fair value allocations reflecting adjustments made during the measurement period to date, are as follows: (in thousands) Initial Estimate Measurement Period Adjustments Final Allocation Trade and other receivables $ 36,900 $ — $ 36,900 Inventories, net 6,900 — 6,900 Prepaid expenses and other current assets 5,000 — 5,000 Identifiable intangible assets 36,000 (500) 35,500 Other non-current assets 3,900 — 3,900 Property, plant and equipment, net 3,400 — 3,400 Operating lease right-of-use assets 29,250 — 29,250 Investments 202,733 — 202,733 Total assets acquired 324,083 (500) 323,583 Accounts payable 26,300 — 26,300 Accrued liabilities 29,100 — 29,100 Other current liabilities 15,230 — 15,230 Long-term operating lease liabilities 21,300 — 21,300 Other non-current liabilities 5,500 300 5,800 Total liabilities assumed 97,430 300 97,730 Goodwill 22,000 800 22,800 Net assets acquired at fair value $ 248,653 $ — $ 248,653
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The estimated fair value and estimated remaining useful lives of identifiable intangible assets as of the Exchange Transaction date were as follows: (in thousands) Useful Life (Years) Amount Customer relationships 7 $ 25,000 Trade name Indefinite 10,500 Estimated fair value of identifiable intangible assets $ 35,500
Business Acquisition, Pro Forma Information	The following unaudited pro forma consolidated results of operations for the fiscal year ended December 31, 2022, has been prepared as if the Exchange Transaction had occurred on January 1, 2021. (in thousands, except per share data) As reported Pro Forma Total revenue $ 1,695,441 $ 1,902,177 Income from operations before income taxes and equity method investments $ 275,498 $ 284,111 Net income $ 206,165 $ 271,215 Net income per common unit - basic $ 9.03 $ 11.62 Net income per common unit - diluted $ 8.12 $ 10.33

LOANS RECEIVABLE, INCLUDING L_2

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE (Tables)	12 Months Ended
LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE (Tables)	Dec. 31, 2023
Receivables [Abstract]
Loans Receivable Including Held For Sale	Major classifications of Loans receivable, including loans held for sale, held by WebBank at December 31, 2023 and 2022 are as follows: Total Current Non-current December 31, 2023 % December 31, 2022 % December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Loans held for sale $ 868,884 $ 602,675 $ 868,884 $ 602,675 $ — $ — Commercial real estate loans $ 2,078 — % $ 987 — % — — 2,078 $ 987 Commercial and industrial 980,722 87 % 857,817 87 % 646,890 472,934 333,832 384,883 Consumer loans 142,410 13 % 123,204 13 % 92,248 85,826 50,162 37,378 Total loans 1,125,210 100 % 982,008 100 % 739,138 558,760 386,072 423,248 Less: Allowance for credit losses (25,486) (29,690) (25,486) (29,690) — — Total loans receivable, net $ 1,099,724 $ 952,318 713,652 529,070 386,072 423,248 Loans receivable, including loans held for sale (a) $ 1,582,536 $ 1,131,745 $ 386,072 $ 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 $1,967,021 and $1,548,035 at December 31, 2023 and 2022, respectively.
Allowance for Loan and Lease Losses	Changes in the ACL are summarized as follows: Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total December 31, 2021 $ 23 $ 9,205 $ 4,697 $ 13,925 Charge-offs — (6,095) (4,011) (10,106) Recoveries 27 1,534 1,133 2,694 Provision (22) 13,849 9,350 23,177 December 31, 2022 $ 28 $ 18,493 $ 11,169 29,690 Impact of adopting ASC 326 1 1,144 3,597 4,742 Charge-offs — (51,691) (9,262) (60,953) Recoveries 59 1,479 425 1,963 Provision (13) 45,319 4,738 50,044 December 31, 2023 $ 75 $ 14,744 $ 10,667 $ 25,486 The ACL and outstanding loan balances are summarized as follows: December 31, 2023 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for credit losses: Individually evaluated for impairment $ 8 $ 1,000 $ — $ 1,008 Collectively evaluated for impairment 67 13,744 10,667 24,478 Total $ 75 $ 14,744 $ 10,667 $ 25,486 Outstanding loan balances: Individually evaluated for impairment $ 8 $ 3,095 $ — $ 3,103 Collectively evaluated for impairment 2,070 977,627 142,410 1,122,107 Total $ 2,078 $ 980,722 $ 142,410 $ 1,125,210 December 31, 2022 Commercial Real Estate Loans Commercial & Industrial Consumer Loans Total Allowance for credit 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
Past Due Loans (Accruing and Nonaccruing)	Past due loans (accruing and nonaccruing) are summarized as follows: December 31, 2023 Current 30-89 Days 90+ Days Total Total Loans Recorded Nonaccrual Loans That Are Current (a) Commercial real estate loans $ 2,078 $ — $ — $ — $ 2,078 $ — $ — Commercial and industrial 959,852 10,600 10,270 20,870 980,722 10,270 814 Consumer loans 132,570 5,050 4,790 9,840 142,410 4,790 — Total loans $ 1,094,500 $ 15,650 $ 15,060 $ 30,710 $ 1,125,210 $ 15,060 $ 814 (a) Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected. 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.
Outstanding Loans (Accruing and Nonaccruing)	Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows: December 31, 2023 Non - Graded Pass Special Sub- Doubtful Total Loans Commercial real estate loans $ — $ 2,070 $ — $ 8 $ — $ 2,078 Commercial and industrial 675,952 301,675 — 3,095 — 980,722 Consumer loans 142,410 — — — — 142,410 Total loans $ 818,362 $ 303,745 $ — $ 3,103 $ — $ 1,125,210 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 The following table presents the amortized cost basis loan balances by year of origination and credit quality indicator: As of December 31, 2023 Revolving loans amortized cost basis Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Total Commercial Real Estate Loans Risk Rating: Pass $ 1,116 $ 591 $ 126 $ 61 $ 42 $ 134 $ — $ 2,070 Sub-standard — — — — — 8 — 8 Total Commercial Real Estate Loans $ 1,116 $ 591 $ 126 $ 61 $ 42 $ 142 $ — $ 2,078 Commercial & Industrial Risk Rating: Pass $ 135,468 $ 114,821 $ 51,181 $ 205 $ — $ — $ — $ 301,675 Non - graded 508,163 11,717 414 1,901 278 62 153,417 675,952 Sub-standard 560 27 — — — 2,508 — 3,095 Total Commercial & Industrial $ 644,191 $ 126,565 $ 51,595 $ 2,106 $ 278 $ 2,570 $ 153,417 $ 980,722 Current period gross charge-offs $ 1,751 $ 11,932 $ 37,036 $ 508 $ 458 $ 6 $ — $ 51,691 Consumer Loans Risk Rating: Non - graded $ 74,242 $ 25,733 $ 2,475 $ 594 $ 1,056 $ 51 $ 38,259 $ 142,410 Total Consumer Loans $ 74,242 $ 25,733 $ 2,475 $ 594 $ 1,056 $ 51 $ 38,259 $ 142,410 Current period gross charge-offs $ 2,315 $ 3,634 $ 242 $ 163 $ 301 $ 95 $ 2,512 $ 9,262 As of December 31, 2022 Revolving loans amortized cost basis Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Total Commercial Real Estate Loans Risk Rating: Pass $ 604 $ 128 $ 62 $ 50 $ 26 $ 109 $ — $ 979 Sub-standard — — — — — 8 — 8 Total Commercial Real Estate Loans $ 604 $ 128 $ 62 $ 50 $ 26 $ 117 $ — $ 987 Commercial & Industrial Risk Rating: Pass $ 110,815 $ 164,794 $ 11,432 $ — $ — $ — $ — $ 287,041 Non - graded 424,501 6,970 5,194 509 74 — 129,171 566,419 Sub-standard 834 3 — — 2,732 — — 3,569 Doubtful — — — — 788 — — 788 Total Commercial & Industrial $ 536,150 $ 171,767 $ 16,626 $ 509 $ 3,594 $ — $ 129,171 $ 857,817 Current period gross charge-offs $ 1,136 $ 1,918 $ 1,268 $ 941 $ 832 $ — $ — $ 6,095 Consumer Loans Risk Rating: Non - graded $ 62,268 $ 5,270 $ 1,616 $ 4,141 $ 742 $ 9 $ 49,158 $ 123,204 Total Consumer Loans $ 62,268 $ 5,270 $ 1,616 $ 4,141 $ 742 $ 9 $ 49,158 $ 123,204 Current period gross charge-offs $ 290 $ 99 $ 320 $ 2,397 $ 500 $ 62 $ 343 $ 4,011

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	12 Months Ended
INVENTORIES, NET (Tables)	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	A summary of Inventories, net is as follows: December 31, 2023 December 31, 2022 Finished products $ 62,798 $ 57,487 In-process 34,376 39,300 Raw materials 68,895 79,008 Fine and fabricated precious metal in various stages of completion 36,393 39,104 202,462 214,899 LIFO reserve (168) (815) Total $ 202,294 $ 214,084
Inventory Supplemental Disclosure	December 31, 2023 December 31, 2022 Supplemental inventory information: Precious metals stated at LIFO cost $ 2,113 $ 6,678 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 34,112 $ 31,611 Market value per ounce: (in whole dollars) Silver $ 23.93 $ 23.91 Gold $ 2,069.11 $ 1,824.52 Platinum $ 998.58 $ 1,073.91 Palladium $ 1,108.32 $ 1,799.36

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Reconciliation of the change in the carrying value of goodwill	A reconciliation of the change in the carrying amount of goodwill by reportable segment is as follows: Diversified Industrial Energy Financial Services Supply Chain Corporate and Other Total Balance at 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 Acquisitions (a) — — — 22,785 — 22,785 Currency translation adjustments 240 — — — — 240 Balance at December 31, 2023: Gross goodwill 155,423 67,143 9,474 22,785 81 254,906 Accumulated impairments (41,278) (64,790) — — — (106,068) Net goodwill $ 114,145 $ 2,353 $ 9,474 $ 22,785 $ 81 $ 148,838 (a) Related to the Exchange Transaction with Steel Connect. See Note 5 - "Acquisitions and Divestitures". Diversified Industrial Energy Financial Services Corporate and Other Total Balance at December 31, 2021: Gross goodwill $ 180,347 $ 67,143 $ 6,515 $ 81 $ 254,086 Accumulated impairments (41,278) (64,790) — — (106,068) Net goodwill 139,069 2,353 6,515 81 148,018 Acquisitions (a) — — 2,959 — 2,959 Divestitures (b) (25,157) — — — (25,157) Currency translation adjustments (7) — — — (7) Balance at 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 (a) Related to the acquisition of Security Premium Finance. See Note 5 - "Acquisitions and Divestitures." (b) Related to the divestiture of the SLPE business. See Note 5 - "Acquisitions and Divestitures."
Summary of Intangible Assets	A summary of Other intangible assets, net is as follows: December 31, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships $ 216,968 $ 144,686 $ 72,282 $ 191,508 $ 132,246 $ 59,262 Trademarks, trade names and brand names 57,160 23,431 33,729 46,601 21,755 24,846 Developed technology, patents and patent applications 33,102 25,086 8,016 32,762 23,276 9,486 Other 16,662 16,512 150 16,657 15,468 1,189 Total $ 323,892 $ 209,715 $ 114,177 $ 287,528 $ 192,745 $ 94,783
Schedule of Expected Amortization Expense	The estimated amortization expense for each of the five succeeding years and thereafter is as follows: Year Ending December 31, 2024 2025 2026 2027 2028 Thereafter Estimated amortization expense $ 17,192 $ 15,705 $ 13,687 $ 13,007 $ 12,213 $ 20,163

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	A summary of property, plant and equipment, net is as follows: December 31, 2023 December 31, 2022 Land $ 22,810 $ 22,723 Buildings and improvements 118,552 101,223 Machinery, equipment and other 481,923 453,452 Construction in progress 21,098 21,721 644,383 599,119 Accumulated depreciation (390,403) (360,609) Property, plant and equipment, net $ 253,980 $ 238,510

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
INVESTMENTS (Tables)	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Long-Term Investments	The following table summarizes the Company's long-term investments as of December 31, 2023 and 2022: Ownership % Long-Term Investments Balance December 31, December 31, 2023 2022 2023 2022 Aerojet Rocketdyne Holdings, Inc. (a) — % 4.5 % — 201,278 Steel Connect convertible note (b) — 14,521 STCN preferred stock (b) — 35,000 STCN common stock (b) — % 30.0 % — 26,000 PCS-Mosaic (c) 58.3 % 59.0 % 19,067 23,323 Other long-term investments (d) 22,158 9,575 Total $ 41,225 $ 309,697 (a) During the three months ended September 30, 2023, Steel Connect disposed of all its interest in Aerojet common Stock which it received in the Exchange Transaction for net proceeds of $207,799. See Note 5 - "Acquisitions and Divestitures." (b) Balance included the Company's investment in STCN as of December 31, 2022. The Company's ownership of Steel Connect increased to 84.0% on May 1, 2023, as discussed in Note 5 - "Acquisitions and Divestitures" and, as of May 1, 2023, STCN is consolidated by the Company. The STCN convertible notes are outstanding as of December 31, 2023 and are eliminated in consolidation. (c) Represents the Company's investment in PCS-Mosaic as described in Note 5 - "Acquisitions and Divestitures" and below. (d) The balance consists of multiple common stock investments of public and non-public companies and available for sale securities.
Realized Gain (Loss) on Investments	Loss (Income) of Associated Companies, Net of Taxes Year Ended December 31, 2023 2022 STCN convertible notes $ 391 $ 243 STCN preferred stock — (563) STCN common stock 5,251 (4,502) PCS-Mosaic 3,236 211 Total $ 8,878 $ (4,611)
Unrealized Gain (Loss) on Investments	The amount of unrealized gains that relate to equity securities still held as of December 31, 2023 and 2022 are as follows: Year Ended December 31, 2023 2022 Net gains recognized during the period on equity securities $ (7,074) $ (34,791) Less: Net gains recognized during the period on equity securities sold during the period (7,046) (17,025) Unrealized gains recognized during the period on equity securities still held at the end of the period $ (28) $ (17,766)
Schedule of Held-to-Maturity Investments	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. December 31, 2023 Amortized Cost Gross Unrealized Gains Estimated Fair Value Carrying Value Collateralized securities $ 322,268 $ 2,199 $ 324,467 $ 322,268 Contractual maturities within: Less than five years 318,644 Five years to ten years — After ten years 3,624 Total $ 322,268 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: Less than five years 169,783 Five years to ten years 5,281 After ten years 1,655 Total $ 176,719

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Dec. 31, 2023
Banking and Deposits [Abstract]
Summary of WebBank Deposits	A summary of WebBank deposits is as follows: December 31, 2023 December 31, 2022 Time deposits year of maturity: 2023 — 1,080,904 2024 1,343,003 197,664 2025 348,826 10,340 2026 21,281 — Total time deposits 1,713,110 1,288,908 Savings deposits 368,582 279,573 Total deposits (a) $ 2,081,692 $ 1,568,481 Current $ 1,711,585 $ 1,360,477 Long-term 370,107 208,004 Total deposits $ 2,081,692 $ 1,568,481 (a) WebBank has $1,075 of time deposits with balances greater than $250. The carrying value is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of deposits wa s $2,104,345 a nd $1,566,699 at December 31, 2023 and 2022, respectively.

DEBT (Tables)

DEBT (Tables)	12 Months Ended
DEBT (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The components of debt and a reconciliation to the carrying amount of long-term debt is presented in the table below: December 31, 2023 December 31, 2022 Short-term debt: Foreign $ — $ 685 Short-term debt — 685 Long-term debt: Credit Agreement 190,449 178,650 Other debt - foreign — — Other debt - domestic 922 989 Subtotal 191,371 179,639 Less portion due within one year 67 67 Long-term debt 191,304 179,572 Total debt $ 191,371 $ 180,324
Schedule of Maturities of Long-term Debt	Long-term debt as of December 31, 2023 matures in each of the next five years as follows: Total 2024 2025 2026 2027 2028 Thereafter Long-term debt $ 191,371 $ 67 $ 67 $ 190,517 $ 720 $ — $ —

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2023
Derivative and Other Financial Instrument [Abstract]
Schedule of Outstanding Forward or Future Contracts with Settlement Dates	As of December 31, 2023, the Company had the following outstanding forward contracts with settlement dates through January 2024. There were no futures contracts outstanding as of December 31, 2023. Commodity Amount Notional Value Silver 66,862 ounces $ 1,611 Gold 202 ounces $ 418 Palladium 1,050 ounces $ 1,244 Platinum 67 ounces $ 63 Copper 218,000 pounds $ 815 Tin 19 metric tons $ 476
Schedule of Derivative Instruments on the Balance Sheets and the Effect of Derivative Instruments in the Statements of Operations	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) December 31, 2023 December 31, 2022 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as ASC Topic 815 hedges Commodity contracts Other liabilities $ (25) Other liabilities $ (70) Derivatives not designated as ASC Topic 815 hedges Commodity contracts Prepaid Expenses and Other Current Assets $ 75 Accrued liabilities $ (177) Economic interests in loans Other non-current assets $ 4,903 Other non-current assets $ 5,728 The effects of fair value and cash flow hedge accounting in the consolidated statements of operations for the years ended December 31, 2023 and 2022 are not material. The effects of derivatives not designated as ASC Topic 815 hedging instruments in the consolidated statements of operations for the years ended December 31, 2023 and 2022 are as follows: Amount of Gain (Loss) Recognized in Income Year Ended December 31, Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income 2023 2022 Commodity contracts Other income (expense), net $ 895 $ 521 Economic interests in loans Financial Services Revenue 4,713 5,294 Total derivatives $ 5,608 $ 5,815

PENSION AND OTHER POST-RETIRE_2

PENSION AND OTHER POST-RETIREMENT BENEFITS (Tables)	12 Months Ended
PENSION AND OTHER POST-RETIREMENT BENEFITS (Tables)	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents the components of net pension expense (income) for the Company's pension plans: Year Ended December 31, 2023 2022 Interest cost $ 18,123 $ 9,541 Expected return on plan assets (17,868) (25,342) Amortization of actuarial loss and prior service credit 11,470 8,560 Total $ 11,725 $ (7,241)
Schedule of Assumptions Used	Actuarial assumptions used to develop the components of pension expense were as follows: Year Ended December 31, 2023 2022 Weighted-average discount rate 5.27 % 2.54 % Weighted-average expected long-term rate of return on plan assets 6.50 % 6.50 % The table below summarizes the weighted-average assumptions used to determine benefit obligations: Year Ended December 31, 2023 2022 Weighted-average discount rate 4.96 % 5.27 %
Schedule of Net Funded Status	Summarized below is a reconciliation of the funded status for the Company's qualified defined benefit pension plans: December 31, 2023 2022 Change in benefit obligation: Benefit obligation at January 1 $ 372,632 $ 484,030 Interest cost 18,123 9,541 Actuarial (gain) loss 4,743 (84,651) Benefits paid (32,314) (36,288) Benefit obligation at December 31 363,184 372,632 Change in plan assets: Fair value of plan assets at January 1 291,378 405,604 Actual returns on plan assets 48,210 (90,375) Benefits paid (32,314) (36,288) Company contributions 17,127 12,437 Fair value of plan assets at December 31 324,401 291,378 Funded status $ (38,783) $ (81,254) Amounts recognized on the consolidated balance sheets: Non-current liability $ (38,783) $ (81,254) Total $ (38,783) $ (81,254)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss	Pretax amounts included in Accumulated other comprehensive loss are as follows: Year Ended December 31, 2023 2022 Net actuarial loss $ 169,436 $ 206,505 Accumulated other comprehensive loss $ 169,436 $ 206,505 Other pretax changes in plan assets and benefit obligations recognized in comprehensive income (loss) are as follows: Year Ended December 31, 2023 2022 Current year actuarial loss $ (25,599) $ 31,066 Amortization of actuarial loss (11,470) (8,560) Total recognized in comprehensive (loss) income $ (37,069) $ 22,506 December 31, 2023 2022 Projected benefit obligation $ 363,184 $ 372,632 Accumulated benefit obligation $ 363,184 $ 372,632 Fair value of plan assets $ 324,401 $ 291,378
Schedule of Allocation of Plan Assets	The table below presents the fair value of the Company's plan assets by asset category segregated by level within the fair value hierarchy, as follows: Assets at Fair Value as of December 31, 2023 Asset Class Level 1 Level 2 Level 3 Total Equity securities: U.S. and international mid-cap $ 39,219 $ — $ — $ 39,219 U.S. and international large-cap 77,721 — — 77,721 U.S. and international small-cap 6,051 — — 6,051 Mortgage backed securities — 14,318 — 14,318 U.S. Government debt securities — 1,244 — 1,244 Corporate bonds and loans 5,032 14,420 — 19,452 Convertible promissory notes — — 1,814 1,814 Subtotal $ 128,023 $ 29,982 $ 1,814 159,819 Pension assets measured at net asset value (1) Hedge funds and hedge fund-related strategies 110,999 Private equity 42,691 Total pension assets measured at net asset value 153,690 Cash and cash equivalents 10,626 Net payables 266 Total pension assets $ 324,401 Assets at Fair Value as of December 31, 2022 Asset Class Level 1 Level 2 Level 3 Total Equity securities: U.S. and international mid-cap $ 38,925 $ — $ — $ 38,925 U.S. and international large-cap 59,881 — — 59,881 U.S. and international small-cap 9,581 — — 9,581 Fixed income securities 988 — — 988 Mortgage and other asset-backed securities — 8,727 — 8,727 U.S. Government debt securities — 4,369 — 4,369 Corporate bonds and loans 4,058 20,817 — 24,875 Convertible promissory notes — — 2,643 2,643 Subtotal $ 113,433 $ 33,913 $ 2,643 149,989 Pension assets measured at net asset value (1) Hedge funds and hedge fund-related strategies 94,668 Private equity 43,416 Total pension assets measured at net asset value 138,084 Cash and cash equivalents 4,725 Net payables (1,420) Total pension assets $ 291,378 (1) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
Schedule of Level 3 Defined Benefit Plan Assets Roll Forward	During 2023, the changes to the pension plans' Level 3 assets were as follows: Year Ended December 31, 2023 Convertible Promissory Notes Beginning balance as of January 1, 2023 $ 2,643 Gains or losses included in changes in net assets 171 Settlements (1,000) Ending balance as of December 31, 2023 $ 1,814 During 2022, the changes to the pension plans' Level 3 assets were as follows: Year Ended December 31, 2022 Convertible Promissory Notes Beginning balance as of January 1, 2022 $ 2,500 Gains or losses included in changes in net assets 143 Ending balance as of December 31, 2022 $ 2,643
Schedule of Category, Fair Value, Redemption Frequency and Redemption Notice Period of Assets	The following tables present the category, fair value, unfunded commitments, redemption frequency and redemption notice period of those assets for which fair value was estimated using the net asset value per share (or its equivalents), as well as plan assets which have redemption notice periods, as of December 31, 2023 and 2022: Class Name Fair Value December 31, 2023 Unfunded Commitments Redemption Frequency Redemption Notice Period Hedge funds $ 110,999 $ — (1) 60 - 180 days Private equity 42,691 11,731 (2) (2) Class Name Fair Value December 31, 2022 Unfunded Commitments Redemption Frequency Redemption Notice Period Hedge funds $ 94,668 $ — (1) 60 - 180 days Private equity 43,416 17,668 (2) (2) (1) Various. Includes funds with monthly, quarterly and annual redemption frequencies, redemption windows of 1 to 5 years following the anniversary of the initial investments, limited redemptions of 25% per quarter to 20% per annum, as well as subject to 10% holdback. (2) Voluntary withdrawals are not permitted. The funds have various durations from 3 to 11 years.
Schedule of Expected Benefit Payments	Estimated future benefit payments for the SPLP Plans are as follows: Years Pension Benefit 2024 $ 38,033 2025 36,651 2026 35,389 2027 33,992 2028 32,578 2027-2031 140,044

CAPITAL AND ACCUMULATED OTHER_2

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income (Loss)	Changes, net of tax, where applicable, in AOCI are as follows: 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 (a) — (3,152) (16,919) $ (20,071) Balance at December 31, 2022 $ (92) $ (17,113) $ (134,669) $ (151,874) Net other comprehensive income attributable to common unitholders (a) $ — $ 2,120 $ 28,531 $ 30,651 Balance at December 31, 2023 $ (92) $ (14,993) $ (106,138) $ (121,223) (a) Net of tax provision of approximately $8,980 and tax benefit of approximately $5,175 for the years ended December 31, 2023 and 2022, respectively, principally related to changes in pension liabilities and other post-retirement benefit obligations.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The domestic and foreign components of income before income taxes were as follows: Year Ended December 31, 2023 2022 Income before income taxes and equity method investments Domestic $ 154,220 $ 271,086 Foreign 6,986 4,412 Total $ 161,206 $ 275,498 The components of the provision for income taxes were as follows: Year Ended December 31, 2023 2022 Current tax provision: Federal $ 16,821 $ 11,967 State 9,035 10,673 Foreign 2,539 2,758 Total income taxes, current 28,395 25,398 Deferred tax provision: Federal (26,064) 45,940 State (3,715) 2,758 Foreign (290) (152) Total income taxes, deferred (30,069) 48,546 Income tax (benefit) provision $ (1,674) $ 73,944
Schedule of Effective Income Tax Rate Reconciliation	Reconciliation of the income tax provision computed at the federal statutory rate of 21 percent to the actual income tax rate are as follows: Year Ended December 31, 2023 2022 Income before income taxes and equity method investments $ 161,206 $ 275,498 Federal income tax provision at statutory rate $ 33,853 $ 57,855 Loss passed through to common unitholders (a) 4,216 2,736 38,069 60,591 State income taxes, net of federal effect 5,179 10,892 Change in valuation allowance (12,554) (3,019) Foreign tax rate differences 437 2,456 Uncertain tax positions (276) (119) Federal and state audits 56 14 Unrealized Gain on Investments (b) (4,640) 1,417 Gain on the Sale of Businesses — 2,835 Tax-deferred equity contributions (28,022) — Deferred credit (1,929) — Transactions between related parties (c) 2,140 2,084 Permanent differences and other (134) (3,207) Income tax provision $ (1,674) $ 73,944 (a) Represents taxes at statutory rate on income and losses for which no tax expense or benefit is recognizable by SPLP and certain of its subsidiaries which are taxed as pass-through entities. Such income and losses are allocable directly to SPLP's unitholders and taxed when realized. (b) Represents taxes on unrealized gains on investment from related parties, which are eliminated for financial statement purposes. (c) Represents taxes on transactions between related parties that are recognized for tax purposes but eliminated for financial statement purposes.
Schedule of Deferred Tax Assets and Liabilities	The effects of temporary differences that give rise to the deferred tax assets and liabilities are presented as follows: December 31, 2023 2022 Deferred Tax Assets: Operating loss carryforwards (a) $ 117,930 $ 36,266 Postretirement and postemployment employee benefits 11,079 20,781 Tax credit carryforwards 923 2,144 Accrued costs 8,875 5,079 Investment impairments and unrealized losses 1,086 9,338 Inventories 5,551 4,713 Environmental costs 6,441 6,146 Section 174 costs 9,218 2,810 Allowance for doubtful accounts and loan losses 7,353 7,974 Lease liabilities 14,996 10,024 Deferred Compensation 5,030 5,150 Other 1,961 848 Gross deferred tax assets 190,443 111,273 Deferred Tax Liabilities: Intangible assets (25,673) (17,239) Fixed assets (28,454) (26,148) Unrealized gain on investment (b) (37,803) (76,427) Right of use assets (14,448) (10,021) Other (1,445) (1,098) Gross deferred tax liabilities (107,823) (130,933) Valuation allowance (c) (100,392) (20,902) Net deferred tax liabilities $ (17,772) $ (40,562) (a) The ability for certain subsidiaries to utilize net operating losses and other credit carryforwards may be subject to limitation upon changes in control. (b) Includes taxes on unrealized gains on investment from related parties, which are eliminated for financial statement purposes. (c) Certain subsidiaries of the Company establish valuation allowances when they determine, based on their assessment, that it is more likely than not that certain deferred tax assets will not be fully realized. This assessment is based on, but not limited to, historical operating results, uncertainty in projections of taxable income and other uncertainties that may be specific to a particular business. The Company's net deferred income tax assets and liabilities were reported on the consolidated balance sheet as follows. Year Ended December 31, 2023 2022 Deferred tax assets $ 581 $ 493 Deferred tax liabilities (18,353) (41,055) Net deferred income tax liabilities $ (17,772) $ (40,562)
Schedule of Unrecognized Tax Benefits Roll Forward	The change in the amount of unrecognized tax benefits for 2023 and 2022 was as follows: Balance at December 31, 2021 $ 42,053 Additions for tax positions related to current year 273 Additions for tax positions related to prior years 727 Payments (347) Reductions due to lapsed statutes of limitations and expiration of credits (2,849) Balance at December 31, 2022 $ 39,857 Additions for tax positions related to current year 414 Additions for tax positions related to prior years 1,258 Payments — Reductions due to lapsed statutes of limitations and expiration of credits (1,576) Balance at December 31, 2023 $ 39,953

NET INCOME PER COMMON UNIT (Tab

NET INCOME PER COMMON UNIT (Tables)	12 Months Ended
NET INCOME PER COMMON UNIT (Tables)	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Net (Loss) 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: December 31, 2023 2022 Net income $ 154,002 $ 206,165 Net income attributable to noncontrolling interests in consolidated entities (continuing operations) (3,173) (193) Net income attributable to common unitholders 150,829 205,972 Effect of dilutive securities: Interest expense from SPLP Preferred Units (a) 12,311 12,311 Net income attributable to common unitholders – assuming dilution $ 163,140 $ 218,283 Net income per common unit - basic Net income attributable to common unitholders $ 7.04 $ 9.03 Net income per common unit – diluted Net income attributable to common unitholders $ 6.43 $ 8.12 Denominator for net income per common unit - basic 21,433,900 22,813,588 Effect of dilutive securities: Incentive units 114,797 — Unvested restricted common units 20,062 137,906 SPLP Preferred Units 3,788,037 3,917,946 Denominator for net income per common unit - diluted (a) 25,356,796 26,869,440 (a) Assumes the SPLP Preferred Units were redeemed in common units as described in Note 15 - "Capital and Accumulated Other Comprehensive Loss."

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Dec. 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 December 31, 2023 and 2022 are summarized by type of inputs applicable to the fair value measurements as follows: December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Long-term investments (a) $ 15,965 $ 447 $ 5,746 $ 22,158 Precious metal and commodity inventories recorded at fair value 35,361 — — 35,361 Economic interests in loans (b) — — 4,903 4,903 Commodity contracts on precious metal and commodity inventories — 75 — 75 Warrants (c) — — 1,436 1,436 Total $ 51,326 $ 522 $ 12,085 $ 63,933 Liabilities: Commodity contracts on precious metal and commodity inventories $ — $ 25 $ — $ 25 Other precious metal liabilities 30,958 — — 30,958 Total $ 30,958 $ 25 $ — $ 30,983 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 10 - " Investments ." The investment in PCS-Mosaic of $19,067 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 13 - " Financial Instruments ." (c) Included within Other non-current assets in the Company's consolidated balance sheets.
Schedule of Gains Losses By Income Statement Location	Following is a summary of changes in financial assets measured using Level 3 inputs: Long Term Investments in Associated Companies (a) Economic Interests in Loans (b) Warrants (b) Total Balance at December 31, 2021 $ 50,085 $ 6,483 $ 6,929 $ 63,497 Purchases 1,826 — — 1,826 Sales, cash collections, and eliminations — (6,049) (1,215) (7,264) Realized gains on sale — 5,294 (2,150) 3,144 Unrealized gains 746 — — 746 Unrealized losses (321) — — (321) Balance at December 31, 2022 52,336 5,728 3,564 61,628 Purchases 2,898 — — 2,898 Sales, cash collections, and eliminations (49,521) (5,538) — (55,059) Realized gains on sale (7) 4,713 (2,128) 2,578 Unrealized gains 40 — — 40 Balance at December 31, 2023 $ 5,746 $ 4,903 $ 1,436 $ 12,085 (a) Unrealized gains and losses are recorded in Loss (income) of associated companies, net of taxes (b) Realized and unrealized gains and losses are recorded in Realized and unrealized gains on securities, net or Financial Services revenue in the Company's consolidated statements of operations.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The components of receivables from related parties and payables from related parties for the years ended December 31, 2023 and 2022 are presented below: Year Ended December 31, 2023 2022 Receivable from related parties: Receivable from associated companies - STCN $ — $ 967 Receivable from other related parties 234 (5) Total $ 234 $ 962 Payables to related parties: Accrued management fees $ 170 $ 299 Payables to other related parties 2,359 2,582 Total $ 2,529 $ 2,881

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment information is presented below: Year Ended December 31, 2023 2022 Revenue: Diversified Industrial $ 1,193,964 $ 1,285,666 Energy 179,438 181,811 Financial Services 416,911 227,964 Supply Chain 115,144 — Total $ 1,905,457 $ 1,695,441 Income before interest expense and income taxes: Diversified Industrial $ 70,937 $ 200,629 Energy 16,247 13,608 Financial Services 74,248 63,477 Supply Chain 8,726 — Corporate and other 570 23,044 Income before interest expense and income taxes 170,728 300,758 Interest expense 18,400 20,649 Income tax (benefit) provision (1,674) 73,944 Net income $ 154,002 $ 206,165 Loss (income) of associated companies, net of taxes: Corporate and other $ 8,878 $ (4,611) Total $ 8,878 $ (4,611) Year Ended December 31, 2023 Capital Depreciation and Diversified Industrial $ 40,720 $ 41,424 Energy 8,512 10,065 Financial Services 314 835 Supply Chain 1,727 3,569 Corporate and other 178 672 Total $ 51,451 $ 56,565 Year Ended December 31, 2022 Capital Depreciation and Diversified Industrial $ 39,588 $ 41,805 Energy 7,411 10,546 Financial Services 274 750 Corporate and other 268 654 Total $ 47,541 $ 53,755
Schedule of Identifiable Assets Employed	December 31, 2023 2022 Total Assets: Diversified Industrial $ 799,630 $ 819,899 Energy 80,342 80,315 Financial Services 2,498,825 1,945,964 Supply Chain 167,874 — Corporate and other 443,769 389,671 Total $ 3,990,440 $ 3,235,849
Summary of Revenue by Geographic Areas	The following table presents geographic revenue and long-lived asset information as of and for the years ended December 31, 2023 and 2022. Foreign revenue is based on the country in which the legal subsidiary generating the revenue is domiciled. Long-lived assets in 2023 and 2022 consist of property, plant and equipment, non-current operating lease right-of-use assets, plus approximately $4,843 in both 2023 and 2022, of land and buildings from previously operating businesses and other non-operating assets. Such assets are carried at the lower of cost or fair value less cost to sell and are included in Other non-current assets on the Company's consolidated balance sheets as of December 31, 2023 and 2022. Neither revenue nor long-lived assets from any single foreign country were material to the consolidated financial statements of the Company. 2023 2022 Revenue Long-lived Assets Revenue Long-lived Assets Geographic information: United States $ 1,744,076 $ 288,180 $ 1,613,438 $ 257,129 Foreign 161,381 47,390 82,003 28,937 Total $ 1,905,457 $ 335,570 $ 1,695,441 $ 286,066
Summary of Long-lived Assets by Geographic Areas	The following table presents geographic revenue and long-lived asset information as of and for the years ended December 31, 2023 and 2022. Foreign revenue is based on the country in which the legal subsidiary generating the revenue is domiciled. Long-lived assets in 2023 and 2022 consist of property, plant and equipment, non-current operating lease right-of-use assets, plus approximately $4,843 in both 2023 and 2022, of land and buildings from previously operating businesses and other non-operating assets. Such assets are carried at the lower of cost or fair value less cost to sell and are included in Other non-current assets on the Company's consolidated balance sheets as of December 31, 2023 and 2022. Neither revenue nor long-lived assets from any single foreign country were material to the consolidated financial statements of the Company. 2023 2022 Revenue Long-lived Assets Revenue Long-lived Assets Geographic information: United States $ 1,744,076 $ 288,180 $ 1,613,438 $ 257,129 Foreign 161,381 47,390 82,003 28,937 Total $ 1,905,457 $ 335,570 $ 1,695,441 $ 286,066

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
REGULATORY MATTERS (Tables)	Dec. 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 Adequacy Purposes Minimum Capital Adequacy With Capital Buffer To Be Well Capitalized Under Prompt Corrective Provisions As of December 31, 2023 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total Capital (to risk-weighted assets) $ 359,747 15.40 % $ 186,523 8.00 % $ 244,811 10.50 % $ 233,154 10.00 % Tier 1 Capital (to risk-weighted assets) $ 334,833 14.40 % $ 139,892 6.00 % $ 198,180 8.50 % $ 186,523 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) $ 334,833 14.40 % $ 104,919 4.50 % $ 163,207 7.00 % $ 151,550 6.50 % Tier 1 Capital (to average assets) $ 334,833 13.20 % $ 101,663 4.00 % n/a n/a $ 127,078 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)	12 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	A summary of supplemental cash flow information for the years ended December 31, 2023 and 2022 is presented in the following table: Year Ended December 31, 2023 2022 Cash paid during the period for: Interest $ 87,616 $ 29,068 Taxes $ 33,296 $ 28,633

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands		12 Months Ended
	Jan. 01, 2023 USD ($)	Dec. 31, 2023 USD ($) performanceObligation	Dec. 31, 2022 USD ($)
Accounting Policies [Line Items]
Allowance for doubtful accounts		$ 2,481	$ 2,414
Charges		419	525
Recoveries		$ 352	1,621
Number of performance obligations \| performanceObligation		1
Accrued rebates payable		$ 16,109	21,815
Provision for credit losses		$ 50,044	$ 23,177
Accrued Liabilities, Current
Accounting Policies [Line Items]
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]		Accrued liabilities	Accrued liabilities
Other Noncurrent Liabilities
Accounting Policies [Line Items]
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]		Other non-current liabilities	Other non-current liabilities
Financial Services \| Cumulative Effect, Period of Adoption, Adjustment
Accounting Policies [Line Items]
Provision for credit losses	$ 5,248
Retained earnings	$ 3,862
Machinery and equipment \| Minimum
Accounting Policies [Line Items]
Useful lives		3 years
Machinery and equipment \| Maximum
Accounting Policies [Line Items]
Useful lives		15 years
Buildings and improvements \| Minimum
Accounting Policies [Line Items]
Useful lives		10 years
Buildings and improvements \| Maximum
Accounting Policies [Line Items]
Useful lives		30 years
Ten Largest Customers \| Accounts receivable \| Customer concentration risk
Accounting Policies [Line Items]
Concentration risk		27%

REVENUES - Disaggregation of Re

REVENUES - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,905,457	$ 1,695,441
United States
Disaggregation of Revenue [Line Items]
Total revenue	1,744,076	1,613,438
Foreign
Disaggregation of Revenue [Line Items]
Total revenue	$ 161,381	$ 82,003

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract asset	$ 5,317	$ 11,937

REVENUES - Contract Liabilities

REVENUES - Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 4,380	$ 3,396
Deferral of revenue	23,004	10,894
Recognition of unearned revenue	(19,996)	(9,910)
Ending balance	$ 7,388	$ 4,380

LEASES - Narrative (Details)

LEASES - Narrative (Details)	12 Months Ended
LEASES - Narrative (Details)	Dec. 31, 2023
Leases [Abstract]
Remaining lease term	18 years

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 17,497	$ 9,669
Short-term lease cost	880	792
Finance lease cost:
Amortization of right-of-use assets	1,782	1,521
Interest on lease liabilities	227	220
Total finance lease cost	$ 2,009	$ 1,741

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 15,401	$ 10,110
Operating cash flows from finance leases	221	216
Financing cash flows from finance leases	2,342	1,995
Operating leases	15,068	19,567
Finance leases	$ 1,795	$ 1,863

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating leases
Operating lease right-of-use assets	$ 76,746	$ 42,711
Current operating lease liabilities	$ 17,770	$ 7,733
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Non-current operating lease liabilities	$ 61,790	$ 35,512
Total operating lease liabilities	79,560	43,245
Finance leases
Finance lease assets	$ 7,344	$ 7,296
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Current finance lease liabilities	$ 2,086	$ 2,111
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Non-current finance lease liabilities	$ 2,631	$ 3,125
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities
Total finance lease liabilities	$ 4,717	$ 5,236
Weighted-average remaining lease term (years)
Operating leases	6 years 8 months 4 days	7 years 3 months 18 days
Finance leases	2 years 7 months 20 days	2 years 10 months 6 days
Weighted-average discount rate
Operating leases	5.31%	4.52%
Finance leases	5.43%	4.10%

LEASES - Future Lease Obligatio

LEASES - Future Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 21,071
2025	17,215
2026	13,417
2027	10,632
2028	7,824
Thereafter	25,694
Total lease payments	95,853
Present value of current lease liabilities	17,770	$ 7,733
Present value of long-term lease liabilities	61,790	35,512
Total operating lease liabilities	79,560	43,245
Difference between undiscounted cash flows and discounted cash flows	16,293
Finance Leases
2024	2,285
2025	1,488
2026	948
2027	361
2028	12
Thereafter	0
Total lease payments	5,094
Present value of current lease liabilities	2,086	2,111
Present value of long-term lease liabilities	2,631	3,125
Total finance lease liabilities	4,717	$ 5,236
Difference between undiscounted cash flows and discounted cash flows	$ 377

ACQUISITIONS AND DIVESTITURES -

ACQUISITIONS AND DIVESTITURES - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands

1 Months Ended

12 Months Ended

Jun. 30, 2023

May 01, 2023

Apr. 30, 2023

Aug. 02, 2022

Apr. 01, 2022

Jan. 07, 2022

Jan. 31, 2022

Dec. 31, 2023

Dec. 31, 2022

Jun. 21, 2023

Apr. 29, 2023

Apr. 25, 2022

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Payments for purchase

$ 0

$ 47,280

Goodwill acquired

$ 22,785

$ 2,959

Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]

Income (Loss) from Equity Method Investments

Gain on sale of business

$ 58

$ 85,683

Total revenue

1,905,457

1,695,441

Income before income taxes and equity method investments

$ 161,206

$ 275,498

Steel Connect, Inc (STCN)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Ownership percentage

30%

49.60%

Security Premium Finance Company, LLC

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Payments for purchase

$ 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

Intangible 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

$ 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%

Aerojet Rocketdyne Holdings

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Common stock, par value (in dollars per share)

$ 0.10

Transaction costs

$ 4,678

Payments for purchase

$ 248,653

Aerojet Rocketdyne Holdings | Steel Connect, Inc (STCN)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Common stock, par value (in dollars per share)

$ 0.01

Aerojet Rocketdyne Holdings | Common Stock

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Shares exchanged (in shares)

3,597,744

Outstanding equity interests held, percentage

16%

Aerojet Rocketdyne Holdings | Series E Convertible Preferred Stock

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Outstanding equity interests held, percentage

84%

Aerojet Rocketdyne Holdings | Series E Convertible Preferred Stock | Steel Connect, Inc (STCN)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Shares exchanged (in shares)

3,500,000

Common stock issuable upon conversion of preferred stock (in shares)

184,900,000

19,800,000

iGo

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Consideration transferred

$ 8,606

SL Power Electronics Corporation | 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

Gain on sale of business

$ 86,507

SL Power Electronics Corporation | Discontinued Operations, Disposed of by Sale

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Total revenue

19,408

Income before income taxes and equity method investments

$ 72

ACQUISITIONS AND DIVESTITURES_2

ACQUISITIONS AND DIVESTITURES - Purchase Consideration (Details) - USD ($) $ in Thousands			12 Months Ended
	Jun. 30, 2023	May 01, 2023	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Total estimated consideration, less cash acquired			$ 0	$ 47,280
Aerojet Rocketdyne Holdings
Business Acquisition [Line Items]
Fair value of Aerojet common stock		$ 202,733
Noncontrolling interest ("NCI") at fair value		44,800
Less cash acquired		(65,896)
Total estimated consideration, less cash acquired	$ 248,653	248,653
Steel Connect common stock \| Aerojet Rocketdyne Holdings
Business Acquisition [Line Items]
Fair value of previously held interests in Steel Connect:		19,010
Steel Connect Series C Preferred Stock \| Aerojet Rocketdyne Holdings
Business Acquisition [Line Items]
Fair value of previously held interests in Steel Connect:		35,000
Steel Connect Convertible Note \| Aerojet Rocketdyne Holdings
Business Acquisition [Line Items]
Fair value of previously held interests in Steel Connect:		$ 13,006

ACQUISITIONS AND DIVESTITURES_3

ACQUISITIONS AND DIVESTITURES - Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands			12 Months Ended
	Jun. 30, 2023	May 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill			$ 148,838	$ 125,813	$ 148,018
Net assets acquired at fair value			$ 0	$ 47,280
Measurement Period Adjustments, Net assets acquired at fair value	$ 0
Aerojet Rocketdyne Holdings
Business Acquisition [Line Items]
Trade and other receivables	36,900	$ 36,900
Measurement Period Adjustments, Trade and other receivables	0
Inventories, net	6,900	6,900
Measurement Period Adjustments, Inventories, net	0
Prepaid expenses and other current assets	5,000	5,000
Measurement Period Adjustments, Prepaid expenses and other current assets	0
Identifiable intangible assets	35,500	36,000
Measurement Period Adjustments, Identifiable intangible assets	(500)
Other non-current assets	3,900	3,900
Measurement Period Adjustments, Other non-current assets	0
Property, plant and equipment, net	3,400	3,400
Measurement Period Adjustments, Property, plant and equipment, net	0
Operating lease right-of-use assets	29,250	29,250
Measurement Period Adjustments, Operating lease right-of-use assets	0
Investments	202,733	202,733
Measurement Period Adjustments, Investments	0
Total assets acquired	323,583	324,083
Measurement Period Adjustments, Total assets acquired	(500)
Accounts payable	26,300	26,300
Measurement Period Adjustments, Accounts payable	0
Accrued liabilities	29,100	29,100
Measurement Period Adjustments, Accrued liabilities	0
Other current liabilities	15,230	15,230
Measurement Period Adjustments, Other current liabilities	0
Long-term operating lease liabilities	21,300	21,300
Measurement Period Adjustments, Long-term operating lease liabilities	0
Other non-current liabilities	5,800	5,500
Measurement Period Adjustments, Other non-current liabilities	300
Total liabilities assumed	97,730	97,430
Measurement Period Adjustments, Total liabilities assumed	300
Goodwill	22,800	22,000
Measurement Period Adjustments, Goodwill	800
Net assets acquired at fair value	$ 248,653	$ 248,653

ACQUISITIONS AND DIVESTITURES_4

ACQUISITIONS AND DIVESTITURES - Intangible Assets (Details) - Aerojet Rocketdyne Holdings - USD ($) $ in Thousands	Jun. 30, 2023	May 01, 2023
Business Acquisition [Line Items]
Estimated fair value of identifiable intangible assets	$ 35,500	$ 36,000
Trade Names
Business Acquisition [Line Items]
Trade name	$ 10,500
Customer Relationships
Business Acquisition [Line Items]
Useful Life (Years)	7 years
Customer relationships	$ 25,000

ACQUISITIONS AND DIVESTITURES_5

ACQUISITIONS AND DIVESTITURES - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
As Reported [Abstract]
Total revenue	$ 1,905,457	$ 1,695,441
Income before income taxes and equity method investments	161,206	275,498
Net income	$ 154,002	$ 206,165
Net income per common unit - basic (in shares)	$ 7.04	$ 9.03
Net income per common unit - diluted (in shares)	$ 6.43	$ 8.12
Aerojet Rocketdyne Holdings
Pro Forma
Total revenue		$ 1,902,177
Income from operations before income taxes and equity method investments		284,111
Net income		$ 271,215
Net income per common unit - basic (in shares)		$ 11.62
Net income per common unit - diluted (in shares)		$ 10.33

LOANS RECEIVABLE, INCLUDING L_3

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE - Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans receivable
Loans held for sale	$ 1,125,210	$ 982,008
Current	739,138	558,760
Non-current	$ 386,072	$ 423,248
Percentage of Total Loans Outstanding
Current	100%	100%
Allowance for credit losses
Total	$ (25,486)	$ (29,690)	$ (13,925)
Current	(25,486)	(29,690)
Non-current	0	0
Total loans receivable, net
Total	1,099,724	952,318
Loans receivable, current	713,652	529,070
Loans receivable, non-current	386,072	423,248
Loans receivable, including loans held for sale
Loans receivable, including loans held for sale	1,582,536	1,131,745
Loans receivable, including held for sale, noncurrent	386,072	423,248
Loans receivable, net	1,967,021	1,548,035
Loans held for sale
Loans receivable
Loans held for sale	868,884	602,675
Current	868,884	602,675
Non-current	0	0
Commercial real estate loans
Loans receivable
Loans held for sale	2,078	987
Current	0	0
Non-current	$ 2,078	$ 987
Percentage of Total Loans Outstanding
Current	0%	0%
Commercial and industrial
Loans receivable
Loans held for sale	$ 980,722	$ 857,817
Current	646,890	472,934
Non-current	$ 333,832	$ 384,883
Percentage of Total Loans Outstanding
Current	87%	87%
Consumer loans
Loans receivable
Loans held for sale	$ 142,410	$ 123,204
Current	92,248	85,826
Non-current	$ 50,162	$ 37,378
Percentage of Total Loans Outstanding
Current	13%	13%
Allowance for credit losses
Total	$ (10,667)	$ (11,169)	$ (4,697)

LOANS RECEIVABLE, INCLUDING L_4

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE - Narrative (Details) loan in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Servicing asset	$ 1,744,000	$ 2,700,000
Payments to purchase loans	20,356,321,000	16,744,182,000
Recorded investment in accruing loans greater than 90 days past due	15,060,000	15,940,000
Total loans	1,125,210,000	982,008,000
Nonaccrual loans	814,000	788,000
Financing receivable unpaid principal balance threshold for evaluation	100,000
Other borrowings	15,065,000	41,682,000
Asset Pledged as Collateral
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	381,256,000	323,740,000
Liabilities Associated with PPP Loan
Financing Receivable, Allowance for Credit Losses [Line Items]
Other borrowings	15,065,000	41,682,000
90+ Days Past Due
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	$ 15,060,000	15,940,000
Commercial and industrial
Financing Receivable, Allowance for Credit Losses [Line Items]
Period after which loans are reported as past due	90 days
Recorded investment in accruing loans greater than 90 days past due	$ 10,270,000	11,260,000
Total loans	980,722,000	857,817,000
Nonaccrual loans	814,000	788,000
Commercial and industrial \| 90+ Days Past Due
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	$ 10,270,000	11,260,000
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Period after which loans are reported as past due	90 days
Recorded investment in accruing loans greater than 90 days past due	$ 4,790,000	4,680,000
Total loans	142,410,000	123,204,000
Nonaccrual loans	0	0
Consumer loans \| 90+ Days Past Due
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	4,790,000	4,680,000
WebBank
Financing Receivable, Allowance for Credit Losses [Line Items]
Proceeds from loans sold	19,907,907,000	16,249,021,000
Allowance for loan loss increase	$ 4,204,000
Allowance for loan loss increase (decrease), percentage	14%
Loan Modifications, COVID-19
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	$ 786,000
Short-term deferments on loan balances \| loan	3,847
Percentage of total loan balances	0.07%
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	$ 16,660,000	$ 48,656,000
Decrease due to forgiveness of loan	$ 3,079,326,000
Percentage of loan portfolio forgiven	99.40%

LOANS RECEIVABLE, INCLUDING L_5

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE - Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 29,690	$ 13,925
Charge-offs	(60,953)	(10,106)
Recoveries	1,963	2,694
Provision	50,044	23,177
Ending balance	25,486	29,690
Commercial Real Estate Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	28	23
Charge-offs	0	0
Recoveries	59	27
Provision	(13)	(22)
Ending balance	75	28
Commercial & Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	18,493	9,205
Charge-offs	(51,691)	(6,095)
Recoveries	1,479	1,534
Provision	45,319	13,849
Ending balance	14,744	18,493
Consumer loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	11,169	4,697
Charge-offs	(9,262)	(4,011)
Recoveries	425	1,133
Provision	4,738	9,350
Ending balance	10,667	11,169
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2016-13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	4,742
Ending balance		4,742
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2016-13 \| Commercial Real Estate Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1
Ending balance		1
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2016-13 \| Commercial & Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,144
Ending balance		1,144
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2016-13 \| Consumer loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 3,597
Ending 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	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	$ 1,008	$ 833
Allowance for loan losses, collectively evaluated for impairment	24,478	28,857
Total	25,486	29,690	$ 13,925
Outstanding loan balances, individually evaluated for impairment	3,103	4,365
Outstanding loan balances, collectively evaluated for impairment	1,122,107	977,643
Total	1,125,210	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	67	20
Total	75	28	23
Outstanding loan balances, individually evaluated for impairment	8	8
Outstanding loan balances, collectively evaluated for impairment	2,070	979
Total	2,078	987
Commercial & Industrial
Receivable [Line Items]
Allowance for loan losses, individually evaluated for impairment	1,000	825
Allowance for loan losses, collectively evaluated for impairment	13,744	17,668
Total	14,744	18,493	9,205
Outstanding loan balances, individually evaluated for impairment	3,095	4,357
Outstanding loan balances, collectively evaluated for impairment	977,627	853,460
Total	980,722	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	10,667	11,169
Total	10,667	11,169	$ 4,697
Outstanding loan balances, individually evaluated for impairment	0	0
Outstanding loan balances, collectively evaluated for impairment	142,410	123,204
Total	$ 142,410	$ 123,204

LOANS RECEIVABLE, INCLUDING L_7

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivable [Line Items]
Total Loans	$ 1,125,210	$ 982,008
Recorded Investment In Accruing Loans 90+ Days Past Due	15,060	15,940
Nonaccrual Loans That Are Current	814	788
Current
Receivable [Line Items]
Total Loans	1,094,500	948,798
Financial Asset, 30 to 89 Days Past Due
Receivable [Line Items]
Total Loans	15,650	17,270
90+ Days Past Due
Receivable [Line Items]
Total Loans	15,060	15,940
Total Past Due
Receivable [Line Items]
Total Loans	30,710	33,210
Commercial real estate loans
Receivable [Line Items]
Total Loans	2,078	987
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	2,078	987
Commercial real estate loans \| Financial Asset, 30 to 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	980,722	857,817
Recorded Investment In Accruing Loans 90+ Days Past Due	10,270	11,260
Nonaccrual Loans That Are Current	814	788
Commercial and industrial \| Current
Receivable [Line Items]
Total Loans	959,852	832,757
Commercial and industrial \| Financial Asset, 30 to 89 Days Past Due
Receivable [Line Items]
Total Loans	10,600	13,800
Commercial and industrial \| 90+ Days Past Due
Receivable [Line Items]
Total Loans	10,270	11,260
Commercial and industrial \| Total Past Due
Receivable [Line Items]
Total Loans	20,870	25,060
Consumer loans
Receivable [Line Items]
Total Loans	142,410	123,204
Recorded Investment In Accruing Loans 90+ Days Past Due	4,790	4,680
Nonaccrual Loans That Are Current	0	0
Consumer loans \| Current
Receivable [Line Items]
Total Loans	132,570	115,054
Consumer loans \| Financial Asset, 30 to 89 Days Past Due
Receivable [Line Items]
Total Loans	5,050	3,470
Consumer loans \| 90+ Days Past Due
Receivable [Line Items]
Total Loans	4,790	4,680
Consumer loans \| Total Past Due
Receivable [Line Items]
Total Loans	$ 9,840	$ 8,150

LOANS RECEIVABLE, INCLUDING L_8

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE - Outstanding Loans (Accruing and Nonaccruing) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivable [Line Items]
Total Loans	$ 1,125,210	$ 982,008
Commercial real estate loans
Receivable [Line Items]
Total Loans	2,078	987
Commercial and industrial
Receivable [Line Items]
Total Loans	980,722	857,817
Consumer loans
Receivable [Line Items]
Total Loans	142,410	123,204
Non - Graded
Receivable [Line Items]
Total Loans	818,362	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	675,952	566,419
Non - Graded \| Consumer loans
Receivable [Line Items]
Total Loans	142,410	123,204
Pass
Receivable [Line Items]
Total Loans	303,745	288,020
Pass \| Commercial real estate loans
Receivable [Line Items]
Total Loans	2,070	979
Pass \| Commercial and industrial
Receivable [Line Items]
Total Loans	301,675	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	3,103	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	3,095	3,569
Sub- standard \| Consumer loans
Receivable [Line Items]
Total Loans	0	0
Doubtful
Receivable [Line Items]
Total Loans	0	788
Doubtful \| Commercial real estate loans
Receivable [Line Items]
Total Loans	0	0
Doubtful \| Commercial and industrial
Receivable [Line Items]
Total Loans	0	788
Doubtful \| Consumer loans
Receivable [Line Items]
Total Loans	$ 0	$ 0

LOANS RECEIVABLE, INCLUDING L_9

LOANS RECEIVABLE, INCLUDING LOANS HELD FOR SALE - Risk Category (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 1,125,210	$ 982,008
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	60,953	10,106
Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	303,745	288,020
Sub- standard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	3,103	3,577
Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	788
Commercial Real Estate Loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	1,116	604
2022	591	128
2021	126	62
2020	61	50
2019	42	26
Prior	142	117
Revolving loans amortized cost basis	0	0
Total	2,078	987
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	0	0
Commercial Real Estate Loans \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	1,116	604
2022	591	128
2021	126	62
2020	61	50
2019	42	26
Prior	134	109
Revolving loans amortized cost basis	0	0
Total	2,070	979
Commercial Real Estate Loans \| Sub- standard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior	8	8
Revolving loans amortized cost basis	0	0
Total	8	8
Commercial & Industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	644,191	536,150
2022	126,565	171,767
2021	51,595	16,626
2020	2,106	509
2019	278	3,594
Prior	2,570	0
Revolving loans amortized cost basis	153,417	129,171
Total	980,722	857,817
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023, Charge-offs	1,751	1,136
2022, Charge-offs	11,932	1,918
2021, Charge-offs	37,036	1,268
2020, Charge-offs	508	941
2019, Charge-offs	458	832
Prior, Charge-offs	6	0
Revolving loans amortized cost basis, Charge-offs	0	0
Total	51,691	6,095
Commercial & Industrial \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	135,468	110,815
2022	114,821	164,794
2021	51,181	11,432
2020	205	0
2019	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Total	301,675	287,041
Commercial & Industrial \| Non - graded
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	508,163	424,501
2022	11,717	6,970
2021	414	5,194
2020	1,901	509
2019	278	74
Prior	62	0
Revolving loans amortized cost basis	153,417	129,171
Total	675,952	566,419
Commercial & Industrial \| Sub- standard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	560	834
2022	27	3
2021	0	0
2020	0	0
2019	0	2,732
Prior	2,508	0
Revolving loans amortized cost basis	0	0
Total	3,095	3,569
Commercial & Industrial \| Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		788
Prior		0
Revolving loans amortized cost basis		0
Total		788
Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	74,242	62,268
2022	25,733	5,270
2021	2,475	1,616
2020	594	4,141
2019	1,056	742
Prior	51	9
Revolving loans amortized cost basis	38,259	49,158
Total	142,410	123,204
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023, Charge-offs	2,315	290
2022, Charge-offs	3,634	99
2021, Charge-offs	242	320
2020, Charge-offs	163	2,397
2019, Charge-offs	301	500
Prior, Charge-offs	95	62
Revolving loans amortized cost basis, Charge-offs	2,512	343
Total	9,262	4,011
Consumer loans \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Consumer loans \| Non - graded
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	74,242	62,268
2022	25,733	5,270
2021	2,475	1,616
2020	594	4,141
2019	1,056	742
Prior	51	9
Revolving loans amortized cost basis	38,259	49,158
Total	142,410	123,204
Consumer loans \| Sub- standard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Consumer loans \| Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 0	$ 0

INVENTORIES, NET - Summary of I

INVENTORIES, NET - Summary of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished products	$ 62,798	$ 57,487
In-process	34,376	39,300
Raw materials	68,895	79,008
Fine and fabricated precious metal in various stages of completion	36,393	39,104
Inventory, before LIFO reserve	202,462	214,899
LIFO reserve	(168)	(815)
Total	$ 202,294	$ 214,084

Inventories, Net - Narrative (D

Inventories, Net - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Bank of Nova Scotia \| Consignment Agreement \| Silver
Inventory [Line Items]
Merchandise under consignment	$ 30,242	$ 29,381

INVENTORIES, NET - Supplemental

INVENTORIES, NET - Supplemental Inventory Information (Details) $ in Thousands	Dec. 31, 2023 USD ($) $ / oz	Dec. 31, 2022 USD ($) $ / oz
Inventory Disclosure [Abstract]
Precious metals stated at LIFO cost \| $	$ 2,113	$ 6,678
Precious metals stated under non-LIFO cost methods, primarily at fair value \| $	$ 34,112	$ 31,611
Market value per ounce, Silver (in dollars per ounce)	23.93	23.91
Market value per ounce, Gold (in dollars per ounce)	2,069.11	1,824.52
Market value per ounce, Platinum (in dollars per ounce)	998.58	1,073.91
Market value per ounce, Palladium (in dollars per ounce)	1,108.32	1,799.36

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Goodwill Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Gross goodwill	$ 254,906	$ 231,881	$ 254,086
Accumulated impairments	(106,068)	(106,068)	(106,068)
Net goodwill	148,838	125,813	148,018
Acquisitions	22,785	2,959
Divestitures		(25,157)
Currency translation adjustments	240	(7)
Diversified Industrial
Goodwill [Line Items]
Gross goodwill	155,423	155,183	180,347
Accumulated impairments	(41,278)	(41,278)	(41,278)
Net goodwill	114,145	113,905	139,069
Acquisitions	0	0
Divestitures		(25,157)
Currency translation adjustments	240	(7)
Energy
Goodwill [Line Items]
Gross goodwill	67,143	67,143	67,143
Accumulated impairments	(64,790)	(64,790)	(64,790)
Net goodwill	2,353	2,353	2,353
Acquisitions	0	0
Divestitures		0
Currency translation adjustments	0	0
Financial Services
Goodwill [Line Items]
Gross goodwill	9,474	9,474	6,515
Accumulated impairments	0	0	0
Net goodwill	9,474	9,474	6,515
Acquisitions	0	2,959
Divestitures		0
Currency translation adjustments	0	0
Supply Chain
Goodwill [Line Items]
Gross goodwill	22,785	0
Accumulated impairments	0	0
Net goodwill	22,785	0
Acquisitions	22,785
Currency translation adjustments	0
Corporate and Other
Goodwill [Line Items]
Gross goodwill	81	81	81
Accumulated impairments	0	0	0
Net goodwill	81	81	$ 81
Acquisitions	0	0
Divestitures		0
Currency translation adjustments	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 148,838	$ 125,813	$ 148,018
Electrical Products
Goodwill [Line Items]
Goodwill	$ 46,682
Reporting unit, percentage of fair value in excess of carrying amount	11%

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite and indefinite-lived intangible assets	$ 323,892	$ 287,528
Accumulated amortization	209,715	192,745
Net, finite-lived intangible assets	114,177	94,783
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Trademarks with indefinite lives	22,210	11,680
Amortization expense	16,587	15,361
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived intangible assets	216,968	191,508
Accumulated amortization	144,686	132,246
Net, finite-lived intangible assets	72,282	59,262
Trademarks, trade names and brand names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite and indefinite-lived intangible assets	57,160	46,601
Accumulated amortization	23,431	21,755
Net, finite-lived intangible assets	33,729	24,846
Developed technology, patents and patent applications
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived intangible assets	33,102	32,762
Accumulated amortization	25,086	23,276
Net, finite-lived intangible assets	8,016	9,486
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived intangible assets	16,662	16,657
Accumulated amortization	16,512	15,468
Net, finite-lived intangible assets	$ 150	$ 1,189

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 17,192
2025	15,705
2026	13,687
2027	13,007
2028	12,213
Thereafter	$ 20,163

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET - Summary of Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 644,383	$ 599,119
Accumulated depreciation	(390,403)	(360,609)
Property, plant and equipment, net	253,980	238,510
Depreciation	39,978	38,394
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	22,810	22,723
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	118,552	101,223
Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	481,923	453,452
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 21,098	$ 21,721

INVESTMENTS - Long-Term Investm

INVESTMENTS - Long-Term Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Apr. 30, 2023	Apr. 29, 2023
Equity method investments carried at fair value:
Total		$ 41,225	$ 309,697
Other equity method investments carried at cost [Abstract]
Loss (Income) of Associated Companies, Net of Taxes		8,878	(4,611)
Total		$ 8,878	$ (4,611)
Aerojet Rocketdyne Holdings \| Series E Convertible Preferred Stock
Equity method investments carried at fair value:
Outstanding equity interests held, percentage				84%
Aerojet Rocketdyne Holdings
Equity method investments carried at fair value:
Net proceeds	$ 207,799
Steel Connect, Inc (STCN)
Equity method investments carried at fair value:
Ownership %		0%	30%		49.60%
Long-Term Investments Balance		$ 0	$ 26,000
Other equity method investments carried at cost [Abstract]
Loss (Income) of Associated Companies, Net of Taxes		$ 5,251	$ (4,502)
PCS Mosaic
Equity method investments carried at fair value:
Ownership %		58.30%	59%
Long-Term Investments Balance		$ 19,067	$ 23,323
Other equity method investments carried at cost [Abstract]
Loss (Income) of Associated Companies, Net of Taxes	$ 3,140
Other equity method investments carried at cost
Other equity method investments carried at cost [Abstract]
Loss (Income) of Associated Companies, Net of Taxes		$ 3,236	$ 211
Net investment gains (losses) \| Aerojet Rocketdyne Holdings
Equity method investments carried at fair value:
Ownership %		0%	4.50%
Corporate securities \| Net investment gains (losses) \| Aerojet Rocketdyne Holdings
Long-term Investments
Long-Term Investments Balance		$ 0	$ 201,278
Convertible note \| Net investment gains (losses) \| Steel Connect, Inc (STCN)
Long-term Investments
Long-Term Investments Balance		0	14,521
Other equity method investments carried at cost [Abstract]
Realized and unrealized (gains) losses on precious metal derivatives		391	243
Preferred stock \| Steel Connect, Inc (STCN)
Long-term Investments
Long-Term Investments Balance		0	35,000
Other equity method investments carried at cost [Abstract]
Realized and unrealized (gains) losses on precious metal derivatives		0	(563)
Other long-term investments \| Net investment gains (losses)
Long-term Investments
Long-Term Investments Balance		$ 22,158	$ 9,575

INVESTMENTS - Gross Unrealized

INVESTMENTS - Gross Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net gains recognized during the period on equity securities	$ (7,074)	$ (34,791)
Less: Net gains recognized during the period on equity securities sold during the period	(7,046)	(17,025)
Unrealized gains recognized during the period on equity securities still held at the end of the period	$ (28)	$ (17,766)

INVESTMENTS - Other Investments

INVESTMENTS - Other Investments (Details) - WebBank - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 322,268	$ 176,719
Gross Unrealized Gains	2,199	146
Estimated Fair Value	324,467	176,865
Held-to-maturity securities, maturing between one and five years	318,644	169,783
Held-to-maturity securities, maturing in five to ten years	0	5,281
Held-to-maturity securities, maturing after ten years	$ 3,624	$ 1,655

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) - USD ($)	12 Months Ended
INVESTMENTS - Narrative (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
ACL for HTM debt securities	$ 2,199,000	$ 0
Provision for credit losses	1,780,000
Cumulative Effect, Period of Adoption, Adjustment
Schedule of Equity Method Investments [Line Items]
ACL for HTM debt securities	$ 419,000

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Time deposits year of maturity:
2023	$ 0	$ 1,080,904
2024	1,343,003	197,664
348826000	348,826	10,340
21281000	21,281	0
Total time deposits	1,713,110	1,288,908
Savings deposits	368,582	279,573
Total deposits	2,081,692	1,568,481
Deposits [Abstract]
Current	1,711,585	1,360,477
Long-term	370,107	208,004
Time deposits, under $250,000	250
Fair value of deposits	2,104,345	$ 1,566,699
WebBank
Time deposits year of maturity:
Total deposits	$ 1,075

DEBT - Long-term Debt (Details)

DEBT - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Short-term debt	$ 0	$ 685
Long-term debt	191,371	179,639
Less portion due within one year	67	67
Long-term debt	191,304	179,572
Total debt	191,371	180,324
Credit Agreement \| Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	190,449	178,650
Other debt - foreign \| Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	0	0
Other debt - domestic
Debt Instrument [Line Items]
Long-term debt	922	989
Other debt - foreign
Debt Instrument [Line Items]
Short-term debt	$ 0	$ 685

DEBT - Long-Term Debt Maturitie

DEBT - Long-Term Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Maturity of Long-term Debt
Long-term debt	$ 191,371	$ 179,639
2024	67
2025	67
2026	190,517
2027	720
2028	0
Thereafter	$ 0

DEBT - Narrative (Details)

DEBT - Narrative (Details)		12 Months Ended
DEBT - Narrative (Details)	Dec. 29, 2021 USD ($)	Dec. 31, 2022	Dec. 31, 2023 USD ($)
New credit agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 600,000,000
Line of credit, amount available for increase	$ 300,000,000
Leverage ratio	3.50		4.25
Commitment fee		0.15%
Leverage ratio following a material acquisition			4.50
Interest coverage ratio			3
Weighted average interest rate			6.68%
Remaining borrowing capacity			$ 399,300,000
Sublimit for swing loans
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 50,000,000
Standby letters of credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	50,000,000
Line of credit			10,273,000
Standby letters of credit \| Umpqua Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			5,000,000
Remaining borrowing capacity			610,000
Sublimit for optional currency
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 75,000,000
Revolving credit facility \| Umpqua Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			12,500,000
Remaining borrowing capacity			$ 11,890,000

FINANCIAL INSTRUMENTS - Narrati

FINANCIAL INSTRUMENTS - Narrative (Details) $ in Thousands	12 Months Ended
FINANCIAL INSTRUMENTS - Narrative (Details) $ in Thousands	Dec. 31, 2023 USD ($) oz	Dec. 31, 2022 USD ($)
WebBank
Derivative [Line Items]
Undisbursed loan commitment \| $	$ 340,621	$ 606,537
Designated as hedging instrument \| Commodity contracts \| Silver, Ounces and Copper, Pounds
Derivative [Line Items]
Derivatives, notional amount, mass \| oz	51,759
Maximum
Derivative [Line Items]
Derivative remaining maturity	5 years
Minimum
Derivative [Line Items]
Derivative remaining maturity	3 years

FINANCIAL INSTRUMENTS - Foreign

FINANCIAL INSTRUMENTS - Foreign Currency Exchange Rate Risk (Details) - Commodity contracts $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) T oz lb
Silver, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	66,862
Notional Value	$ 1,611
Copper, Pounds
Derivative [Line Items]
Amount (in whole units) \| lb	218,000
Notional Value	$ 815
Not designated as hedging instrument \| Gold, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	202
Notional Value	$ 418
Not designated as hedging instrument \| Palladium Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	1,050
Notional Value	$ 1,244
Not designated as hedging instrument \| Platinum, Ounces
Derivative [Line Items]
Amount (in whole units) \| oz	67
Notional Value	$ 63
Not designated as hedging instrument \| Tin, Metric Tons
Derivative [Line Items]
Amount (in whole units) \| T	19
Notional Value	$ 476

FINANCIAL INSTRUMENTS - Balance

FINANCIAL INSTRUMENTS - Balance Sheet and Income Statement Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative instruments, gain (loss) recognized in income	$ 5,608	$ 5,815
Commodity contracts
Derivatives, Fair Value [Line Items]
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
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total revenue	Total revenue
Designated as hedging instrument \| Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), net	$ (25)	$ (70)
Not designated as hedging instrument \| Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), net	75	(177)
Derivative instruments, gain (loss) recognized in income	895	521
Not designated as hedging instrument \| Economic interests in loans
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), net	4,903	5,728
Derivative instruments, gain (loss) recognized in income	$ 4,713	$ 5,294

PENSION AND OTHER POST-RETIRE_3

PENSION AND OTHER POST-RETIREMENT BENEFITS - Narrative (Details) $ in Thousands	Dec. 31, 2023 USD ($) plan	May 01, 2023 USD ($)
Defined Benefit Plans Disclosure [Line Items]
Number of defined benefit pension plans \| plan	2
Accrued pension liabilities	$ 3,900	$ 3,700
Pension benefits \| Minimum
Defined Benefit Plans Disclosure [Line Items]
Estimated contributions	$ 10,260

PENSION AND OTHER POST-RETIRE_4

PENSION AND OTHER POST-RETIREMENT BENEFITS - Components of Pension Expense and Other Postretirement Benefit Expense (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans Disclosure [Line Items]
Interest cost	$ 18,123	$ 9,541
Expected return on plan assets	(17,868)	(25,342)
Amortization of actuarial loss and prior service credit	11,470	8,560
Total	$ 11,725	$ (7,241)

PENSION AND OTHER POST-RETIRE_5

PENSION AND OTHER POST-RETIREMENT BENEFITS - Actuarial Assumptions Used to Develop Components of Defined Benefit Pension Expense and Other Postretirement Benefit Expense (Details) - Pension Benefits	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted-average discount rate	5.27%	2.54%
Weighted-average expected long-term rate of return on plan assets	6.50%	6.50%

PENSION AND OTHER POST-RETIRE_6

PENSION AND OTHER POST-RETIREMENT BENEFITS - Funded Status of HNH's Qualified Defined Benefit Pension Plans and Postretirement Benefit Plans (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in benefit obligation:
Benefit obligation at January 1	$ 372,632	$ 484,030
Interest cost	18,123	9,541
Actuarial (gain) loss	4,743	(84,651)
Benefits paid	(32,314)	(36,288)
Benefit obligation at December 31	363,184	372,632
Change in plan assets:
Fair value of plan assets at January 1	291,378	405,604
Actual returns on plan assets	48,210	(90,375)
Benefits paid	(32,314)	(36,288)
Company contributions	17,127	12,437
Fair value of plan assets at December 31	324,401	291,378
Funded status	(38,783)	(81,254)
Non-current liability	(38,783)	(81,254)
Total	$ (38,783)	$ (81,254)

PENSION AND OTHER POST-RETIRE_7

PENSION AND OTHER POST-RETIREMENT BENEFITS - Weighted Average Assumptions Used In Valuations (Details)	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted-average discount rate	4.96%	5.27%

PENSION AND OTHER POST-RETIRE_8

PENSION AND OTHER POST-RETIREMENT BENEFITS - Pretax Amounts Included In Accumulated Other Comprehensive (Loss) Income) (Details) - Pension Benefits - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans Disclosure [Line Items]
Net actuarial loss	$ 169,436	$ 206,505
Accumulated other comprehensive loss	$ 169,436	$ 206,505

PENSION AND OTHER POST-RETIRE_9

PENSION AND OTHER POST-RETIREMENT BENEFITS - Other Changes in Plan Assets and Benefit Obligations Recognized in Comprehensive Loss (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans Disclosure [Line Items]
Current year actuarial loss	$ (25,599)	$ 31,066
Amortization of actuarial loss	(11,470)	(8,560)
Total recognized in comprehensive (loss) income	$ (37,069)	$ 22,506

PENSION AND OTHER POST-RETIR_10

PENSION AND OTHER POST-RETIREMENT BENEFITS - Additional Information for Plans with Accumulated Benefit Obligations in Excess of Plan Assets (Details) - Pension Benefits - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plans Disclosure [Line Items]
Projected benefit obligation	$ 363,184	$ 372,632	$ 484,030
Accumulated benefit obligation	363,184	372,632
Fair value of plan assets	$ 324,401	$ 291,378	$ 405,604

PENSION AND OTHER POST-RETIR_11

PENSION AND OTHER POST-RETIREMENT BENEFITS - HNH Plan's Assets (Details) - Pension Benefits - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	$ 324,401	$ 291,378	$ 405,604
Level 3 \| Convertible promissory notes
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	1,814	2,643	$ 2,500
Recurring
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	324,401	291,378
Recurring \| U.S. and international mid-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	39,219	38,925
Recurring \| U.S. and international large-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	77,721	59,881
Recurring \| U.S. and international small-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	6,051	9,581
Recurring \| Fixed income securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets		988
Recurring \| Mortgage and other asset-backed securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	14,318	8,727
Recurring \| U.S. Government debt securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	1,244	4,369
Recurring \| Corporate bonds and loans
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	19,452	24,875
Recurring \| Convertible promissory notes
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	1,814	2,643
Recurring \| Hedge funds and hedge fund-related strategies
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	110,999	94,668
Recurring \| Private equity
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	42,691	43,416
Recurring \| Cash and cash equivalents
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	10,626	4,725
Recurring \| Net payables
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	266	(1,420)
Recurring \| Level 1
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	128,023	113,433
Recurring \| Level 1 \| U.S. and international mid-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	39,219	38,925
Recurring \| Level 1 \| U.S. and international large-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	77,721	59,881
Recurring \| Level 1 \| U.S. and international small-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	6,051	9,581
Recurring \| Level 1 \| Fixed income securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets		988
Recurring \| Level 1 \| Mortgage and other asset-backed securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 1 \| U.S. Government debt securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 1 \| Corporate bonds and loans
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	5,032	4,058
Recurring \| Level 1 \| Convertible promissory notes
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 2
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	29,982	33,913
Recurring \| Level 2 \| U.S. and international mid-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 2 \| U.S. and international large-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 2 \| U.S. and international small-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 2 \| Fixed income securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets		0
Recurring \| Level 2 \| Mortgage and other asset-backed securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	14,318	8,727
Recurring \| Level 2 \| U.S. Government debt securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	1,244	4,369
Recurring \| Level 2 \| Corporate bonds and loans
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	14,420	20,817
Recurring \| Level 2 \| Convertible promissory notes
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	1,814	2,643
Recurring \| Level 3 \| U.S. and international mid-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3 \| U.S. and international large-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3 \| U.S. and international small-cap
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3 \| Fixed income securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets		0
Recurring \| Level 3 \| Mortgage and other asset-backed securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3 \| U.S. Government debt securities
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3 \| Corporate bonds and loans
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	0	0
Recurring \| Level 3 \| Convertible promissory notes
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	1,814	2,643
Recurring \| Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	159,819	149,989
Recurring \| Net asset value
Defined Benefit Plans Disclosure [Line Items]
Fair value of plan assets	$ 153,690	$ 138,084

PENSION AND OTHER POST-RETIR_12

PENSION AND OTHER POST-RETIREMENT BENEFITS - Fair Value Measurements of HNH Plan Assets (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in plan assets:
Fair value of plan assets at January 1	$ 291,378	$ 405,604
Fair value of plan assets at December 31	324,401	291,378
Recurring
Change in plan assets:
Fair value of plan assets at January 1	291,378
Fair value of plan assets at December 31	324,401	291,378
Level 3 \| Recurring
Change in plan assets:
Fair value of plan assets at January 1	2,643
Fair value of plan assets at December 31	1,814	2,643
Convertible promissory notes \| Recurring
Change in plan assets:
Fair value of plan assets at January 1	2,643
Fair value of plan assets at December 31	1,814	2,643
Convertible promissory notes \| Level 3
Change in plan assets:
Fair value of plan assets at January 1	2,643	2,500
Gains or losses included in changes in net assets	171	143
Fair value of plan assets at December 31	1,814	2,643
Convertible promissory notes \| Level 3 \| HNH Plans
Change in plan assets:
Settlements	(1,000)
Convertible promissory notes \| Level 3 \| Recurring
Change in plan assets:
Fair value of plan assets at January 1	2,643
Fair value of plan assets at December 31	$ 1,814	$ 2,643

PENSION AND OTHER POST-RETIR_13

PENSION AND OTHER POST-RETIREMENT BENEFITS - Category, Fair Value, Redemption Frequency and Redemption Notice Period of Assets (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets	$ 324,401	$ 291,378	$ 405,604
Hedge funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Holdback percentage withheld	10%
Hedge funds \| Hedge funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets	$ 110,999	94,668
Unfunded Commitments	0	0
Private equity \| Private equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets	42,691	43,416
Unfunded Commitments	$ 11,731	$ 17,668
Minimum \| Hedge funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Lockup period	1 year
Redemption fee percentage	20%
Minimum \| Hedge funds \| Hedge funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Redemption Notice Period	60 days	60 days
Minimum \| Private equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contract commitment period	3 years
Maximum \| Hedge funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Lockup period	5 years
Redemption fee percentage	25%
Maximum \| Hedge funds \| Hedge funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Redemption Notice Period	180 days	180 days
Maximum \| Private equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contract commitment period	11 years

PENSION AND OTHER POST-RETIR_14

PENSION AND OTHER POST-RETIREMENT BENEFITS - Estimated Future Benefit Payments (Details) - Pension Benefits $ in Thousands	Dec. 31, 2023 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2024	$ 38,033
2025	36,651
2026	35,389
2027	33,992
2028	32,578
2027-2031	$ 140,044

CAPITAL AND ACCUMULATED OTHER_3

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) $ / shares in Units, $ in Thousands					2 Months Ended	12 Months Ended			85 Months Ended
	Feb. 16, 2024 $ / shares	Dec. 31, 2021 $ / shares shares	Jun. 09, 2021 USD ($) shares	May 18, 2020 shares	Mar. 01, 2024 USD ($) shares	Dec. 31, 2023 USD ($) distribution $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2012	Dec. 31, 2023 USD ($) distribution $ / shares shares	Feb. 02, 2024 shares	May 31, 2023 shares
Class of Stock [Line Items]
Common units outstanding (in shares)						21,296,067	21,605,093		21,296,067
Purchases of SPLP common units \| $						$ 20,040	$ 44,973
Liquidation preference per share (in dollars per share) \| $ / shares						$ 25			$ 25
Number of quarterly distributions \| distribution						6			6
Subsequent event
Class of Stock [Line Items]
Dividend declared (in dollars per share) \| $ / shares	$ 0.375
Treasury Units
Class of Stock [Line Items]
Common units outstanding (in shares)		16,810,932				18,367,307	17,904,679		18,367,307
Number of shares authorized to be repurchased (in shares)						8,770,240			8,770,240		1,000,000
Purchases of SPLP common units (in shares)						462,628	1,093,747		7,808,620
Purchases of SPLP common units \| $						$ 20,040	$ 44,973
Purchases of the Company's common units \| $									$ 164,398
Remaining shares to be repurchased (in share)						961,620			961,620
Treasury Units \| Subsequent event
Class of Stock [Line Items]
Purchases of SPLP common units (in shares)					579,961
Purchases of the Company's common units \| $					$ 25,344
Incentive Unit Award
Class of Stock [Line Items]
Increase in equity value, percent								15%
Days prior to a measurement date							20 days	20 days
Baseline equity value (in dollars per share) \| $ / shares		$ 41.82
Incentive units granted, percentage of outstanding common units								100%
Units vested (in shares)						0
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)						17,800
2018 Incentive Award Plan \| Restricted Stock Units
Class of Stock [Line Items]
Unearned compensation \| $			$ 167			$ 688			$ 688
Weighted-average remaining period						7 months 6 days
2018 Incentive Award Plan \| Minimum \| Restricted Stock Units
Class of Stock [Line Items]
Vesting period						1 year
2018 Incentive Award Plan \| Maximum \| Restricted Stock Units
Class of Stock [Line Items]
Vesting period						2 years
Capital Unit, Class A
Class of Stock [Line Items]
Common units outstanding (in shares)						21,296,067			21,296,067
Series A Preferred Units
Class of Stock [Line Items]
Stated rate						6%			6%
Preferred dividend paid \| $						$ 9,633	$ 9,633
Credit agreement term						9 years
Period prior to redemption for computing average common unit price						60 days
Preferred units outstanding (in shares)						6,422,128	6,422,128		6,422,128
Series A Preferred Units \| Subsequent event
Class of Stock [Line Items]
Number of shares authorized to be repurchased (in shares)										400,000
Purchases of SPLP common units (in shares)					76,146
Purchases of the Company's common units \| $					$ 1,830

CAPITAL AND ACCUMULATED OTHER_4

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	$ 801,460	$ 669,048
Balance at end of year	1,005,408	801,460
Tax	8,980	5,175
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 (a)	30,651	(20,071)
Balance at end of year	(121,223)	(151,874)
Unrealized loss on available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of year	(92)	(92)
Net other comprehensive income (loss) attributable to common unitholders (a)	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 (a)	2,120	(3,152)
Balance at end of year	(14,993)	(17,113)
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 (a)	28,531	(16,919)
Balance at end of year	$ (106,138)	$ (134,669)

INCOME TAXES - Provision for (B

INCOME TAXES - Provision for (Benefit From) Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income before income taxes and equity method investments
Domestic	$ 154,220	$ 271,086
Foreign	6,986	4,412
Income from operations before income taxes and equity method investments	161,206	275,498
Current tax provision:
Federal	16,821	11,967
State	9,035	10,673
Foreign	2,539	2,758
Total income taxes, current	28,395	25,398
Deferred tax provision:
Federal	(26,064)	45,940
State	(3,715)	2,758
Foreign	(290)	(152)
Total income taxes, deferred	(30,069)	48,546
Income tax (benefit) provision	$ (1,674)	$ 73,944

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Income Tax Expense Computed at the Federal Statutory Rate to the Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income before income taxes and equity method investments	$ 161,206	$ 275,498
Federal income tax provision at statutory rate	33,853	57,855
Loss passed through to common unitholders	4,216	2,736
Income tax provision (benefit) at federal statutory income tax rate, including income passed through to common unitholders	38,069	60,591
State income taxes, net of federal effect	5,179	10,892
Change in valuation allowance	(12,554)	(3,019)
Foreign tax rate differences	437	2,456
Uncertain tax positions	(276)	(119)
Federal and state audits	56	14
Unrealized Gain on Investments (b)	(4,640)	1,417
Gain on the Sale of Businesses	0	2,835
Tax-deferred equity contributions	(28,022)	0
Deferred credit	(1,929)	0
Transactions between related parties	2,140	2,084
Permanent differences and other	(134)	(3,207)
Income tax provision	$ (1,674)	$ 73,944

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investments, Owned, Federal Income Tax Note [Line Items]
Income tax (benefit) provision	$ (1,674)	$ 73,944
Capitalized research and development expense	23,940	23,364
Unrecognized tax benefits	39,953	39,857	$ 42,053
Unrecognized tax benefits that would impact effective tax rate	36,499	36,499
Reductions due to lapsed statutes of limitations and expiration of credits	(1,576)	(2,849)
Decrease in unrecognized tax benefits that is reasonably possible	5,679
Interest and penalties recognized	1,434	$ 547
Subsidiaries \| Federal
Investments, Owned, Federal Income Tax Note [Line Items]
Operating loss carryforwards	424,503
Operating loss carryforwards, expiration	317,361
Operating loss carryforwards, not subject to expiration	107,141
SRLY operating loss carryforwards	39,202
SRLY operating loss carryforwards, expiration	33,628
SRLY operating loss carryforwards, not subject to expiration	5,574
Subsidiaries \| Foreign Tax Authority
Investments, Owned, Federal Income Tax Note [Line Items]
Operating loss carryforwards	86,071
Operating loss carryforwards, expiration	19,978
Subsidiaries \| State and Local Jurisdiction
Investments, Owned, Federal Income Tax Note [Line Items]
Research and development credit carryforwards	$ 17,329

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets:
Operating loss carryforwards	$ 117,930	$ 36,266
Postretirement and postemployment employee benefits	11,079	20,781
Tax credit carryforwards	923	2,144
Accrued costs	8,875	5,079
Investment impairments and unrealized losses	1,086	9,338
Inventories	5,551	4,713
Environmental costs	6,441	6,146
Section 174 costs	9,218	2,810
Allowance for doubtful accounts and loan losses	7,353	7,974
Lease liabilities	14,996	10,024
Deferred Compensation	5,030	5,150
Other	1,961	848
Gross deferred tax assets	190,443	111,273
Deferred Tax Liabilities:
Intangible assets	(25,673)	(17,239)
Fixed assets	(28,454)	(26,148)
Unrealized gain on investment (b)	(37,803)	(76,427)
Right of use assets	(14,448)	(10,021)
Other	(1,445)	(1,098)
Gross deferred tax liabilities	(107,823)	(130,933)
Valuation allowance	(100,392)	(20,902)
Net deferred tax liabilities	(17,772)	(40,562)
Deferred tax assets	581	493
Deferred tax liabilities	$ (18,353)	$ (41,055)

INCOME TAXES - Change in the Am

INCOME TAXES - Change in the Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of period	$ 39,857	$ 42,053
Additions for tax positions related to current year	414	273
Additions for tax positions related to prior years	1,258	727
Payments	0	(347)
Reductions due to lapsed statutes of limitations and expiration of credits	(1,576)	(2,849)
Balance at end of period	$ 39,953	$ 39,857

NET INCOME PER COMMON UNIT (Det

NET INCOME PER COMMON UNIT (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net income	$ 154,002	$ 206,165
Net income attributable to noncontrolling interests in consolidated entities	(3,173)	(193)
Net income attributable to common unitholders	150,829	205,972
Interest expense from SPLP Preferred Units	12,311	12,311
Net income attributable to common unitholders – assuming dilution	$ 163,140	$ 218,283
Net income per common unit - basic
Net income per common unit - basic (in shares)	$ 7.04	$ 9.03
Net income per common unit – diluted
Net income attributable to common unitholders (in dollars per share)	$ 6.43	$ 8.12
Denominator for net income (loss) per common unit - basic (in shares)	21,433,900	22,813,588
Denominator for net income (loss) per common unit - diluted (in shares)	25,356,796	26,869,440
Incentive units
Net income per common unit – diluted
Effect of dilutive securities (in shares)	114,797	0
Unvested restricted common units
Net income per common unit – diluted
Effect of dilutive securities (in shares)	20,062	137,906
SPLP Preferred Units
Net income per common unit – diluted
Effect of dilutive securities (in shares)	3,788,037	3,917,946

FAIR VALUE MEASUREMENTS - Hiera

FAIR VALUE MEASUREMENTS - Hierarchy Table (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
PCS Mosaic
Liabilities:
Long-Term Investments Balance	$ 19,067	$ 23,323
Other precious metal liabilities
Liabilities:
Other precious metal liabilities	30,958	30,115
Recurring
Assets:
Financial assets	63,933	328,563
Liabilities:
Financial liabilities	30,983	30,362
Recurring \| Long term investments
Assets:
Financial assets	22,158	286,375
Recurring \| Precious metal and commodity inventories recorded at fair value
Assets:
Financial assets	35,361	32,896
Recurring \| Economic interests in loans
Assets:
Financial assets	4,903	5,728
Recurring \| Commodity contracts on precious metal and commodity inventories
Assets:
Financial assets	75
Liabilities:
Financial liabilities	25	247
Recurring \| Warrants
Assets:
Financial assets	1,436	3,564
Recurring \| Level 1
Assets:
Financial assets	51,326	266,935
Liabilities:
Financial liabilities	30,958	30,115
Recurring \| Level 1 \| Long term investments
Assets:
Financial assets	15,965	234,039
Recurring \| Level 1 \| Precious metal and commodity inventories recorded at fair value
Assets:
Financial assets	35,361	32,896
Recurring \| Level 1 \| Economic interests in loans
Assets:
Financial assets	0	0
Recurring \| Level 1 \| Commodity contracts on precious metal and commodity inventories
Assets:
Financial assets	0
Liabilities:
Financial liabilities	0	0
Recurring \| Level 1 \| Warrants
Assets:
Financial assets	0	0
Recurring \| Level 1 \| Other precious metal liabilities
Liabilities:
Other precious metal liabilities	30,958	30,115
Recurring \| Level 2
Assets:
Financial assets	522	0
Liabilities:
Financial liabilities	25	247
Recurring \| Level 2 \| Long term investments
Assets:
Financial assets	447	0
Recurring \| Level 2 \| Precious metal and commodity inventories recorded at fair value
Assets:
Financial assets	0	0
Recurring \| Level 2 \| Economic interests in loans
Assets:
Financial assets	0	0
Recurring \| Level 2 \| Commodity contracts on precious metal and commodity inventories
Assets:
Financial assets	75
Liabilities:
Financial liabilities	25	247
Recurring \| Level 2 \| Warrants
Assets:
Financial assets	0	0
Recurring \| Level 2 \| Other precious metal liabilities
Liabilities:
Other precious metal liabilities	0	0
Recurring \| Level 3
Assets:
Financial assets	12,085	61,628
Liabilities:
Financial liabilities	0	0
Recurring \| Level 3 \| Long term investments
Assets:
Financial assets	5,746	52,336
Recurring \| Level 3 \| Precious metal and commodity inventories recorded at fair value
Assets:
Financial assets	0	0
Recurring \| Level 3 \| Economic interests in loans
Assets:
Financial assets	4,903	5,728
Recurring \| Level 3 \| Commodity contracts on precious metal and commodity inventories
Assets:
Financial assets	0
Liabilities:
Financial liabilities	0	0
Recurring \| Level 3 \| Warrants
Assets:
Financial assets	1,436	3,564
Recurring \| Level 3 \| Other precious metal liabilities
Liabilities:
Other precious metal liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details)	Dec. 31, 2023	Apr. 30, 2023
Aerojet Rocketdyne Holdings \| Series E Convertible Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding equity interests held, percentage		84%
Constant Prepayment Rate \| Marketable Securities and Other \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement Input	0.0869
Constant Prepayment Rate \| Marketable Securities and Other \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement Input	0.3521
Default Rate \| Marketable Securities and Other \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement Input	0.0172
Default Rate \| Marketable Securities and Other \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement Input	0.2191
Discount Rate \| Marketable Securities and Other \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement Input	0.0182
Discount Rate \| Marketable Securities and Other \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement Input	0.2512

FAIR VALUE MEASUREMENTS - Unobs

FAIR VALUE MEASUREMENTS - Unobservable Inputs Reconciliation - Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Assets
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Income (Loss) from Equity Method Investments	Income (Loss) from Equity Method Investments
Recurring \| Level 3
Assets
Balance at beginning of period	$ 61,628	$ 63,497
Purchases	2,898	1,826
Sales, cash collections, and eliminations	(55,059)	(7,264)
Realized loss on sale	2,578	3,144
Unrealized gains	40	746
Unrealized losses		(321)
Balance at end of period	12,085	61,628
Recurring \| Level 3 \| Long term investments
Assets
Balance at beginning of period	52,336	50,085
Purchases	2,898	1,826
Sales, cash collections, and eliminations	(49,521)	0
Realized loss on sale	(7)	0
Unrealized gains	40	746
Unrealized losses		(321)
Balance at end of period	5,746	52,336
Recurring \| Level 3 \| Economic interests in loans
Assets
Balance at beginning of period	5,728	6,483
Purchases	0	0
Sales, cash collections, and eliminations	(5,538)	(6,049)
Realized loss on sale	4,713	5,294
Unrealized gains	0	0
Unrealized losses		0
Balance at end of period	4,903	5,728
Recurring \| Level 3 \| Warrants
Assets
Balance at beginning of period	3,564	6,929
Purchases	0	0
Sales, cash collections, and eliminations	0	(1,215)
Realized loss on sale	(2,128)	(2,150)
Unrealized gains	0	0
Unrealized losses		0
Balance at end of period	$ 1,436	$ 3,564

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details) - USD ($)		12 Months Ended
	Aug. 21, 2019	Dec. 31, 2023	Dec. 31, 2020	Dec. 31, 2022	Jul. 01, 2020	Dec. 31, 2012
Loss Contingencies [Line Items]
Increase in reserve	$ 2,600,000
Accrued Liabilities, Current
Loss Contingencies [Line Items]
Accrual for environmental matters		$ 13,107,000		$ 12,692,000
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]		Accrued liabilities		Accrued liabilities
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Accrual for environmental matters		$ 25,388,000		$ 24,765,000
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]		Other non-current liabilities		Other non-current liabilities
Environmental and other matters \| Adjacent Parcel
Loss Contingencies [Line Items]
Accrual increase			$ 14,300,000
Environmental and other matters \| Handy & Harman Ltd. (HNH) \| Adjacent Parcel \| Minimum
Loss Contingencies [Line Items]
Environmental exit costs, additional loss		$ 10,500,000
Environmental and other matters \| Handy & Harman Ltd. (HNH) \| Adjacent Parcel \| Maximum
Loss Contingencies [Line Items]
Environmental exit costs, additional loss		17,500,000
Costs \| Former owner/operator
Loss Contingencies [Line Items]
Accrual for environmental matters		2,500,000
Costs \| HHEM and HNH
Loss Contingencies [Line Items]
Accrual for environmental matters		$ 800,000
Costs \| Environmental and other matters
Loss Contingencies [Line Items]
Settlement offer					$ 10,500,000
Costs \| Environmental and other matters \| Former owner/operator
Loss Contingencies [Line Items]
Responsibility for site investigation and remediation costs (as a percent)		75%
Costs \| Environmental and other matters \| HHEM and HNH
Loss Contingencies [Line Items]
Responsibility for site investigation and remediation costs (as a percent)		25%
Accrual for environmental loss contingencies, payments		$ 1,000,000
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%
Camden - past and future expenses \| SLI
Loss Contingencies [Line Items]
Damages claimed						$ 1,800,000
Camden \| SLI
Loss Contingencies [Line Items]
Accrual for environmental matters		2,900,000
Counteroffer		300,000
Wayne facility \| SLI
Loss Contingencies [Line Items]
Accrual for environmental matters		$ 1,300,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation Matters (Details) $ in Thousands				12 Months Ended
	Aug. 17, 2021 shares	Aug. 13, 2021 USD ($)	Apr. 13, 2018 USD ($)	Dec. 31, 2023 USD ($) claim defendant	Dec. 31, 2022 USD ($)	Sep. 23, 2022 USD ($)
Loss Contingencies [Line Items]
Shares surrendered	3,300,000
Litigation settlement, proposed increase in amount awarded from other party \| $						$ 250
Steel Partners Holding LP
Loss Contingencies [Line Items]
Settlement received \| $		$ 1,100
Steel Connect, Inc (STCN)
Loss Contingencies [Line Items]
Settlement received \| $		1,650
Mr. Lichtenstein
Loss Contingencies [Line Items]
Shares surrendered	2,133,333
Mr. Howard
Loss Contingencies [Line Items]
Shares surrendered	1,066,667
Vested \| Mr. Lichtenstein
Loss Contingencies [Line Items]
Shares surrendered	1,833,333
Vested \| Mr. Howard
Loss Contingencies [Line Items]
Shares surrendered	916,667
Vested \| Mr. Fejes
Loss Contingencies [Line Items]
Shares surrendered	100,000
Unvested \| Mr. Lichtenstein
Loss Contingencies [Line Items]
Shares surrendered	300,000
Unvested \| Mr. Howard
Loss Contingencies [Line Items]
Shares surrendered	150,000
Steel Connect, Inc (STCN)
Loss Contingencies [Line Items]
Settlement received \| $		$ 2,750
BNS Subsidiary
Loss Contingencies [Line Items]
Claims, litigation matters (in number of claims) \| claim				58,000
BNS Subsidiary \| Insurance claims
Loss Contingencies [Line Items]
Accrual relating to open and active claims \| $				$ 1,357	$ 1,418
BNS Subsidiary \| Minimum
Loss Contingencies [Line Items]
Loss contingency, number of defendants (in defendants) \| defendant				100,000
Preferred stock \| Steel Connect, Inc (STCN)
Loss Contingencies [Line Items]
Payments to acquire securities \| $			$ 35,000

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Parties (Details) - Related Party - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Receivable from related parties:	$ 234	$ 962
Payables to related parties:	2,529	2,881
Receivable from associated companies - STCN
Related Party Transaction [Line Items]
Receivable from related parties:	0	967
Receivable from other related parties
Related Party Transaction [Line Items]
Receivable from related parties:	234
Receivable from other related parties		(5)
Accrued management fees
Related Party Transaction [Line Items]
Payables to related parties:	170	299
Payables to other related parties
Related Party Transaction [Line Items]
Payables to related parties:	$ 2,359	$ 2,582

RELATED PARTY TRANSACTIONS - Ma

RELATED PARTY TRANSACTIONS - Management Agreement (Details) - Related Party - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Other current liabilities	$ 2,529	$ 2,881
SP General Services LLC
Related Party Transaction [Line Items]
Service fee percentage	1.50%
Management agreement renewal, term	1 year
Notice period prior to management agreement renewal, period (in days)	60 days
Management Fee \| SP General Services LLC
Related Party Transaction [Line Items]
Management fee	$ 12,490	10,446
Other current liabilities	170	299
Reimbursement for Company Asset Use \| SP General Services LLC
Related Party Transaction [Line Items]
Reimbursement	150	0
Reimbursable Expenses \| SP General Services LLC
Related Party Transaction [Line Items]
Management fee	4,627	4,535
Other current liabilities	2,185	2,427
Reimbursable Expenses - Executive Travel \| SP General Services LLC
Related Party Transaction [Line Items]
Management fee	$ 4,623	$ 4,493

RELATED PARTY TRANSACTIONS - Co

RELATED PARTY TRANSACTIONS - Corporate Services (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Management Fee \| Steel Services Ltd \| Related Party
Related Party Transaction [Line Items]
Management fee	$ 1,787

RELATED PARTY TRANSACTIONS - Ot

RELATED PARTY TRANSACTIONS - Other (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Deposits	$ 2,081,692	$ 1,568,481
Total revenue	1,905,457	1,695,441
Related Party
Related Party Transaction [Line Items]
Total revenue	19	226
WebBank
Related Party Transaction [Line Items]
Deposits	1,075
WebBank \| Related Party
Related Party Transaction [Line Items]
Deposits	110	1,112
Consolidation, elimination, WebBank \| Related Party
Related Party Transaction [Line Items]
Deposits	$ 27	$ 31

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 1,905,457	$ 1,695,441
Management Fee \| Diversified Industrial
Segment Reporting Information [Line Items]
Total revenue	54,796	48,951
Management Fee \| Energy
Segment Reporting Information [Line Items]
Total revenue	9,491	9,083
Management Fee \| Financial Services
Segment Reporting Information [Line Items]
Total revenue	2,160	$ 1,929
Management Fee \| Supply Chain
Segment Reporting Information [Line Items]
Total revenue	$ 2,468

SEGMENT INFORMATION - Segment E

SEGMENT INFORMATION - Segment Eliminations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 1,905,457	$ 1,695,441
Income before interest expense and income taxes:	170,728	300,758
Interest expense	18,400	20,649
Income tax (benefit) provision	(1,674)	73,944
Net income	154,002	206,165
Loss (income) of associated companies, net of taxes:	8,878	(4,611)
Corporate and other
Segment Reporting Information [Line Items]
Income before interest expense and income taxes:	570	23,044
Loss (income) of associated companies, net of taxes:	8,878	(4,611)
Diversified Industrial
Segment Reporting Information [Line Items]
Total revenue	1,193,964	1,285,666
Energy net revenue
Segment Reporting Information [Line Items]
Total revenue	179,438	181,811
Financial Services revenue
Segment Reporting Information [Line Items]
Total revenue	416,911	227,964
Supply Chain
Segment Reporting Information [Line Items]
Total revenue	115,144	0
Diversified Industrial \| Operating segments
Segment Reporting Information [Line Items]
Income before interest expense and income taxes:	70,937	200,629
Energy \| Operating segments
Segment Reporting Information [Line Items]
Income before interest expense and income taxes:	16,247	13,608
Financial Services \| Operating segments
Segment Reporting Information [Line Items]
Income before interest expense and income taxes:	74,248	63,477
Supply Chain \| Operating segments
Segment Reporting Information [Line Items]
Income before interest expense and income taxes:	$ 8,726	$ 0

SEGMENT INFORMATION - Interest

SEGMENT INFORMATION - Interest Expense, Capital Expenditures, Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Capital Expenditures	$ 51,451	$ 47,541
Depreciation and Amortization	56,565	53,755
Corporate and other
Segment Reporting Information [Line Items]
Capital Expenditures	178	268
Depreciation and Amortization	672	654
Diversified Industrial \| Operating segments
Segment Reporting Information [Line Items]
Capital Expenditures	40,720	39,588
Depreciation and Amortization	41,424	41,805
Energy \| Operating segments
Segment Reporting Information [Line Items]
Capital Expenditures	8,512	7,411
Depreciation and Amortization	10,065	10,546
Financial Services \| Operating segments
Segment Reporting Information [Line Items]
Capital Expenditures	314	274
Depreciation and Amortization	835	$ 750
Supply Chain \| Operating segments
Segment Reporting Information [Line Items]
Capital Expenditures	1,727
Depreciation and Amortization	$ 3,569

SEGMENT INFORMATION - Identifia

SEGMENT INFORMATION - Identifiable Assets Employed (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total	$ 3,990,440	$ 3,235,849
Operating segments \| Diversified Industrial
Segment Reporting Information [Line Items]
Total Assets:	799,630	819,899
Operating segments \| Energy
Segment Reporting Information [Line Items]
Total Assets:	80,342	80,315
Operating segments \| Financial Services
Segment Reporting Information [Line Items]
Total Assets:	2,498,825	1,945,964
Operating segments \| Supply Chain
Segment Reporting Information [Line Items]
Total Assets:	167,874	0
Corporate and other
Segment Reporting Information [Line Items]
Total Assets:	443,769	389,671
Inactive properties
Segment Reporting Information [Line Items]
Total	$ 4,843	$ 4,843

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,905,457	$ 1,695,441
Long-lived Assets	335,570	286,066
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	1,744,076	1,613,438
Long-lived Assets	288,180	257,129
Foreign
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	161,381	82,003
Long-lived Assets	$ 47,390	$ 28,937

REGULATORY MATTERS - Requiremen

REGULATORY MATTERS - Requirements (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Common Capital for capital adequacy buffer, percentage	2.50%
Tier 1 Risk Capital required for capital adequacy with buffer, effective results	7%
Total Capital (to risk-weighted assets)
Actual	$ 359,747	$ 306,618
For capital adequacy purposes	186,523	163,952
Minimum capital adequacy with capital buffer	244,811	215,187
To be well capitalized under prompt corrective provisions	233,154	204,940
Tier 1 Capital (to risk-weighted assets)
Actual	334,833	280,951
For capital adequacy purposes	139,892	122,964
Minimum capital adequacy with capital buffer, tier 1	198,180	174,199
To be well capitalized under prompt corrective provisions	186,523	163,952
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual	334,833	280,951
For capital adequacy purposes	104,919	92,223
Minimum capital adequacy with capital buffer, tier 1	163,207	143,458
To be well capitalized under prompt corrective provisions	151,550	133,211
Tier 1 Capital (to average assets)
Actual	334,833	280,951
For capital adequacy purposes	101,663	76,300
To be well capitalized under prompt corrective provisions	$ 127,078	$ 95,375
Risk Based Ratios (as a percent)
Total Capital (to risk-weighted assets) Actual	0.1540	0.1500
Total Capital (to risk-weighted assets) for capital adequacy purposes	0.0800	0.0800
Total Capital (to risk-weighted assets) for capital adequacy with buffer	10.50%	10.50%
Total Capital (to risk-weighted assets) to be well capitalized under prompt corrective provisions	0.1000	0.1000
Tier 1 Capital (to risk-weighted assets) Actual	0.1440	0.1370
Tier 1 Capital (to risk-weighted assets) for adequacy purposes	0.0600	0.0600
Tier 1 Capital (to risk-weighted assets) for adequacy with buffer	8.50%	8.50%
Tier 1 Capital (to risk-weighted assets) to be well capitalized under prompt corrective provisions	0.0800	0.0800
Leverage Ratios (as a percent)
Common Equity Tier 1 Capital (to risk-weighted assets) Actual	14.40%	13.70%
Common Equity Tier 1 Capital (to risk-weighted assets) for capital adequacy	4.50%	4.50%
Common Equity Tier 1 Capital (to risk-weighted assets) for capital with buffer	7%	7%
Common Equity Tier 1 Capital (to risk-weighted assets) to be well capitalized	6.50%	6.50%
Tier 1 Capital (to average assets) Actual	0.1320	0.1470
Tier 1 Capital (to average assets) for capital adequacy purposes	0.0400	0.0400
Tier 1 Capital (to average assets) to be well capitalized under prompt corrective provisions	0.0500	0.0500
Minimum
Risk Based Ratios (as a percent)
Total Capital (to risk-weighted assets) for capital adequacy with buffer	10.50%
Tier 1 Capital (to risk-weighted assets) for adequacy purposes	0.040
Tier 1 Capital (to risk-weighted assets) for adequacy with buffer	8.50%
Maximum
Risk Based Ratios (as a percent)
Tier 1 Capital (to risk-weighted assets) for adequacy purposes	0.060

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Non-Cash Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Interest	$ 87,616	$ 29,068
Taxes	$ 33,296	$ 28,633