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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases
Supplemental information related to the Company’s operating and financing leases is as follows (in thousands):
Classification in Consolidated Statements
of Financial Condition		December 31, 2023December 31, 2022
Assets
Operating lease ROU assetsOther assets$124,165 $129,786 
Finance lease ROU assetsFixed assets, net$4,264 $5,685 
Liabilities
Operating lease liabilitiesAccounts payable, accrued and other liabilities$149,640 $156,105 
Finance lease liabilitiesAccounts payable, accrued and other liabilities$4,721 $6,039 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
December 31, 2023December 31, 2022
Weighted-average remaining lease term
Operating leases (years)7.37.7
Finance leases (years)3.44.1
Weighted-average discount rate
Operating leases5.0 %4.5 %
Finance leases4.3 %4.3 %
Schedule of Components of Lease Expense
December 31, 2023December 31, 2022
Weighted-average remaining lease term
Operating leases (years)7.37.7
Finance leases (years)3.44.1
Weighted-average discount rate
Operating leases5.0 %4.5 %
Finance leases4.3 %4.3 %
The components of lease expense are as follows (in thousands):
Year Ended December 31,
Classification in Consolidated Statements
of Operations		202320222021
Operating lease cost1, 2
Occupancy and equipment$35,894 $36,894 $41,442 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$1,305 $753 $146 
Interest on lease liabilitiesInterest expense$219 $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, 2023, 2022 and 2021.
Schedule of Maturity Analysis of Operating Lease Liabilities
As of December 31, 2023, minimum lease payments under these arrangements are as follows (in thousands):
Net Lease Commitment
Operating leasesFinance leases
2024$31,594 $1,712 
202527,075 1,448 
202620,953 1,290 
202719,231 627 
202813,393 — 
2029 and thereafter76,940 — 
Total$189,186 $5,077 
The following table shows the Company’s maturity analysis of its lease liabilities as of December 31, 2023 (in thousands):
December 31, 2023
Operating leasesFinance leases
2024$31,594 $1,712 
202527,075 1,448 
202620,953 1,290 
202719,231 627 
202813,393 — 
2029 and thereafter76,940 — 
Total$189,186 $5,077 
Interest(39,546)(356)
Total$149,640 $4,721 
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 liabilities20232022
Operating cash flows from operating lease liabilities
$37,008 $38,113 
Operating cash flows from finance lease liabilities$219 $116 
Financing cash flows from finance lease liabilities $1,228 $704