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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
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 Consolidated Statements
of Financial Condition		December 31, 2022December 31, 2021
Assets
Operating lease ROU assetsOther assets$129,786 $136,252 
Finance lease ROU assetsFixed assets, net$5,685 $2,893 
Liabilities
Operating lease liabilitiesAccounts payable, accrued and other liabilities$156,105 $166,220 
Finance lease liabilitiesAccounts payable, accrued and other liabilities$6,039 $2,985 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
December 31, 2022December 31, 2021
Weighted-average remaining lease term
Operating leases (years)7.710.8
Finance leases (years)4.14.7
Weighted-average discount rate
Operating leases4.5 %4.9 %
Finance leases4.3 %3.1 %
Schedule of Components of Lease Expense
December 31, 2022December 31, 2021
Weighted-average remaining lease term
Operating leases (years)7.710.8
Finance leases (years)4.14.7
Weighted-average discount rate
Operating leases4.5 %4.9 %
Finance leases4.3 %3.1 %
The components of lease expense are as follows (in thousands):
Year Ended December 31,
Classification in Consolidated Statements
of Operations		202220212020
Operating lease cost1, 2
Occupancy and equipment$36,894 $41,442 $43,726 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$753 $146 $— 
Interest on lease liabilitiesInterest expense$116 $21 $— 
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1The Company recorded operating lease costs related to the Insurance brokerage business of $3.5 million for the year ended December 31, 2021.
2Short-term lease expense was not material for the years ended December 31, 2022 and 2021.
Schedule of Maturity Analysis of Operating Lease Liabilities
As of December 31, 2022, minimum lease payments under these arrangements are as follows (in thousands):
Net Lease Commitment
Operating leasesFinance leases
2023$35,483 $1,802 
202430,844 1,448 
202526,301 1,448 
202620,861 1,290 
202718,656 627 
2028 and thereafter89,218 — 
Total$221,363 $6,615 
The following table shows the Company’s maturity analysis of its operating lease liabilities as of December 31, 2022 (in thousands):
December 31, 2022
Operating leasesFinance leases
2023$35,483 $1,802 
202430,844 1,448 
202526,301 1,448 
202620,861 1,290 
202718,656 627 
Thereafter89,218 — 
Total$221,363 $6,615 
Interest(65,258)(576)
Total$156,105 $6,039 
Schedule of Cash Flow Information Related to Lease Liabilities
The following table shows cash flow information related to lease liabilities (in thousands):
Year Ended December 31,
Cash paid for amounts included in the measurement of lease liabilities20222021
Operating cash flows from operating lease liabilities1
$38,113 $37,085 
Operating cash flows from finance lease liabilities$116 $21 
Financing cash flows from finance lease liabilities $704 $136 
_______________________________________
1The Company made payments for operating lease liabilities related to the Insurance brokerage business of $3.6 million for the year ended December 31, 2021.