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Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases
Supplemental information related to the Company’s operating and financing leases are as follows (dollar amounts in thousands):
Classification in
Unaudited Condensed
Consolidated Statements
of Financial Condition		March 31, 2024December 31, 2023
Assets
Operating lease ROU assetsOther assets$118,200 $124,165 
Finance lease ROU assetsFixed assets, net$3,938 $4,264 
Liabilities
Operating lease liabilitiesAccounts payable,
accrued and other
liabilities		$142,395 $149,640 
Finance lease liabilitiesAccounts payable,
accrued and other
liabilities		$4,295 $4,721 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
 March 31, 2024December 31, 2023
Weighted-average remaining lease term
Operating leases (years)7.27.3
Finance leases (years)3.13.4
Weighted-average discount rate
Operating leases5.0 %5.0 %
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 March 31,
20242023
Operating lease cost1
Occupancy and
equipment		$8,445 $8,853 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$326 $326 
Interest on lease liabilitiesInterest expense$47 $60 
__________________________
1Short-term lease expense was not material for the three months ended March 31, 2024 and 2023.
Schedule of Maturity Analysis of Operating Lease Liabilities
The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
March 31, 2024
Operating leasesFinance leases
2024 (excluding the three months ended March 31, 2024)$24,386 $1,238 
202527,755 1,448 
202620,938 1,290 
202719,383 627 
202813,526 — 
Thereafter78,274 — 
Total$184,262 $4,603 
Interest(41,867)(308)
Total$142,395 $4,295 
Schedule of Maturity Analysis of Finance Lease Liabilities
The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
March 31, 2024
Operating leasesFinance leases
2024 (excluding the three months ended March 31, 2024)$24,386 $1,238 
202527,755 1,448 
202620,938 1,290 
202719,383 627 
202813,526 — 
Thereafter78,274 — 
Total$184,262 $4,603 
Interest(41,867)(308)
Total$142,395 $4,295 
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 March 31,
Cash paid for amounts included in the measurement of lease liabilities20242023
Operating cash flows from operating lease liabilities$9,363 $9,604 
Operating cash flows from finance lease liabilities$47 $60 
Financing cash flows from finance lease liabilities$211 $302