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Furniture, Equipment and Leasehold Improvements, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Furniture, Equipment and Leasehold Improvements, Net Furniture, Equipment and Leasehold Improvements, Net
Furniture, equipment and leasehold improvements, net consist of:
Years Ended December 31
20252024
(in thousands)
Furniture and equipment $166,391 $151,478 
Leasehold improvements 275,038 249,422 
Total 441,429 400,900 
Less: Accumulated depreciation and amortization (193,399)(152,227)
Furniture, equipment and leasehold improvements, net $248,030 $248,673 
Depreciation and amortization expense on furniture, equipment and leasehold improvements were $41.5 million, $44.9 million and $44.9 million for the years ended December 31, 2025, 2024 and 2023, respectively.