Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Supplemental Information Related to Operating Leases

Supplemental information related to the Company’s operating leases is as follows (in thousands):

	Classification in Unaudited Condensed Consolidated Statements of Financial Condition	September 30, 2020		December 31, 2019
Assets
Operating lease ROU assets	Other assets	$	157,756	$	169,065
Liabilities
Operating lease liabilities	Accounts payable, accrued and other liabilities	$	179,719	$	187,398

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

	September 30, 2020			December 31, 2019
Weighted-average remaining lease term
Operating leases (years)		6.7			7.3
Weighted-average discount rate
Operating leases		4.9	%		4.9	%

Schedule of Components of Lease Expense

The components of lease expense are as follows (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
	Classification in Unaudited Condensed Consolidated Statements of Operations	2020		2019		2020		2019
Operating lease cost	Occupancy and equipment	$	10,515	$	11,876	$	31,179	$	36,013

Schedule of Maturity Analysis of Operating Lease Liabilities

The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):

	September 30, 2020
2020 (excluding the nine months ended September 30, 2020)	$	8,036
2021		32,861
2022		29,621
2023		24,210
2024		19,655
Thereafter		122,737
Total	$	237,120
Interest		(57,401	)
Total	$	179,719

Schedule of Cash Flow Information Related to Lease Liabilities

The following table shows cash flow information related to lease liabilities (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Cash paid for obligations included in the measurement    of lease liabilities	$	8,913	$	11,033	$	28,937	$	33,937