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Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases
Supplemental information related to the Company’s operating and financing leases are as follows (in thousands):
Classification in
Unaudited Condensed
Consolidated Statements
of Financial Condition		September 30, 2022December 31, 2021
Assets
Operating lease ROU assetsOther assets$111,357 $136,252 
Finance lease ROU assetsFixed assets, net$4,187 $2,893 
Liabilities
Operating lease liabilitiesAccounts payable,
accrued and other
liabilities		$144,170 $166,220 
Finance lease liabilitiesAccounts payable,
accrued and other
liabilities		$4,348 $2,985 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
 September 30, 2022December 31, 2021
Weighted-average remaining lease term
Operating leases (years)10.010.8
Finance leases (years)4.14.7
Weighted-average discount rate
Operating leases4.9 %4.9 %
Finance leases3.7 %3.1 %
Schedule of Components of Lease Expense
The components of lease expense are as follows (in thousands):
Classification in
Unaudited Condensed
Consolidated Statements
of Operations		Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Operating lease cost1,2
Occupancy and
equipment		$10,634 $10,245 $27,094 $30,760 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$181 $27 $485 $45 
Interest on lease liabilitiesInterest expense$27 $4 $70 $7 
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1The Company recorded operating lease costs related to the Insurance brokerage business of $0.9 million and $3.1 million for three and nine months ended September 30, 2021.
2Short-term lease expense was not material for the three and nine months ended September 30, 2022 and 2021.
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, 2022
Operating leasesFinance leases
2022 (excluding the nine months ended September 30, 2022)$8,754 $423 
202333,893 1,047 
202428,303 1,047 
202523,635 1,047 
202618,082 889 
Thereafter106,403 260 
Total$219,070 $4,713 
Interest(74,900)(365)
Total$144,170 $4,348 
Schedule of Maturity Analysis of Finance Lease Liabilities
The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
September 30, 2022
Operating leasesFinance leases
2022 (excluding the nine months ended September 30, 2022)$8,754 $423 
202333,893 1,047 
202428,303 1,047 
202523,635 1,047 
202618,082 889 
Thereafter106,403 260 
Total$219,070 $4,713 
Interest(74,900)(365)
Total$144,170 $4,348 
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,
2022202120222021
Cash paid for obligations included in the measurement of operating lease liabilities1
$10,766 $9,681 $28,330 $26,604 
Cash paid for obligations included in the measurement of finance lease liabilities$197 $30 $525 $50 
1.The Company made payments for operating lease liabilities related to the Insurance brokerage business of $1.0 million and $3.2 million for the three and nine months ended September 30, 2021.