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Leases (Tables)
6 Months Ended
Jun. 30, 2023
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
June 30, 2023December 31, 2022
Assets
Operating lease ROU assetsOther assets$117,320 $129,786 
Finance lease ROU assetsFixed assets, net$5,078 $5,685 
Liabilities
Operating lease liabilitiesAccounts payable,
accrued and other
liabilities
$143,206 $156,105 
Finance lease liabilitiesAccounts payable,
accrued and other
liabilities
$5,141 $6,039 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
 June 30, 2023December 31, 2022
Weighted-average remaining lease term
Operating leases (years)7.87.7
Finance leases (years)3.94.1
Weighted-average discount rate
Operating leases4.8 %4.5 %
Finance leases4.3 %4.3 %
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 June 30,Six Months Ended June 30,
2023202220232022
Operating lease cost1
Occupancy and
equipment
$7,993 $9,137 $16,846 $16,460 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$326 $152 $653 $304 
Interest on lease liabilitiesInterest expense$56 $21 $116 $43 
__________________________

1Short-term lease expense was not material for the three and six months ended June 30, 2023 and 2022.
Schedule of Maturity Analysis of Operating Lease Liabilities
The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
June 30, 2023
Operating leasesFinance leases
2023 (excluding the six months ended June 30, 2023)$16,388 $787 
202428,078 1,448 
202523,563 1,448 
202620,278 1,290 
202717,793 627 
Thereafter153,826 — 
Total$259,926 $5,600 
Interest(116,720)(459)
Total$143,206 $5,141 
Schedule of Maturity Analysis of Finance Lease Liabilities
The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
June 30, 2023
Operating leasesFinance leases
2023 (excluding the six months ended June 30, 2023)$16,388 $787 
202428,078 1,448 
202523,563 1,448 
202620,278 1,290 
202717,793 627 
Thereafter153,826 — 
Total$259,926 $5,600 
Interest(116,720)(459)
Total$143,206 $5,141 
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 June 30,Six Months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities2023202220232022
Operating cash flows from operating lease liabilities$8,485 $9,647 $18,089 $17,564 
Operating cash flows from finance lease liabilities$56 $22 $116 $44 
Financing cash flows from finance lease liabilities$305 $142 $608 $284