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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024December 31, 2023
Assets
Operating lease ROU assetsOther assets$114,456 $124,165 
Finance lease ROU assetsFixed assets, net$2,959 $4,264 
Liabilities
Operating lease liabilitiesAccounts payable, accrued and other liabilities$135,825 $149,640 
Finance lease liabilitiesAccounts payable, accrued and other liabilities$3,249 $4,721 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
December 31, 2024December 31, 2023
Weighted-average remaining lease term
Operating leases (years)6.87.3
Finance leases (years)2.43.4
Weighted-average discount rate
Operating leases5.5 %5.0 %
Finance leases4.4 %4.3 %
Schedule of Components of Lease Expense
The components of lease expense are as follows (in thousands):
Year Ended December 31,
Classification in Consolidated Statements
of Operations		202420232022
Operating lease cost1
Occupancy and equipment$33,884 $35,894 $36,894 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$1,305 $1,305 $753 
Interest on lease liabilitiesInterest expense$168 $219 $116 
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1Short-term lease expense was not material for the years ended December 31, 2024, 2023 and 2022.
Schedule of Maturity Analysis of Operating Lease Liabilities
As of December 31, 2024, minimum lease payments under these arrangements are as follows (in thousands):
Net Lease Commitment
Operating leasesFinance leases
2025$29,722 $1,520 
202624,078 1,290 
202722,743 627 
202816,390 — 
202912,505 — 
2030 and thereafter67,169 — 
Total$172,607 $3,437 
The following table shows the Company’s maturity analysis of its lease liabilities as of December 31, 2024 (in thousands):
December 31, 2024
Operating leasesFinance leases
2025$29,722 $1,520 
202624,078 1,290 
202722,743 627 
202816,390 — 
202912,505 — 
2030 and thereafter67,169 — 
Total$172,607 $3,437 
Interest(36,782)(188)
Total$135,825 $3,249 
Schedule of Maturity Analysis of Finance Lease Liabilities
The following table shows the Company’s maturity analysis of its lease liabilities as of December 31, 2024 (in thousands):
December 31, 2024
Operating leasesFinance leases
2025$29,722 $1,520 
202624,078 1,290 
202722,743 627 
202816,390 — 
202912,505 — 
2030 and thereafter67,169 — 
Total$172,607 $3,437 
Interest(36,782)(188)
Total$135,825 $3,249 
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 liabilities20242023
Operating cash flows from operating lease liabilities
$36,420 $37,008 
Operating cash flows from finance lease liabilities$168 $219 
Financing cash flows from finance lease liabilities $1,280 $1,228