Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Components of Operating Lease Expense

The following table presents the components of operating lease expense for the years ended December 31, 2023, 2022 and 2021:

		Year Ended December 31,
Lease cost:	Classification	2023		2022			2021
		(In thousands)
Operating lease cost - office space	Occupancy	$	12,861	$	13,015		$	13,202
Operating lease cost for subleased/assigned properties	Other, net		—		469			2,054
Operating lease cost - equipment	Technology and communications		98		—			—
Variable lease costs	Occupancy		237		96			13
Sublease income	Other, net		—		(405	)		(2,079	)
Net operating lease cost		$	13,196	$	13,175		$	13,190

Summary of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and weighted average discount rate are as follows:

	As of
Lease Term and Discount Rate	December 31, 2023			December 31, 2022
Weighted average remaining lease term (in years) - operating leases		9.6			10.6
Weighted average discount rate - operating leases		6.0	%		5.9	%
Weighted average remaining lease term (in years) - finance leases		1.8			—
Weighted average discount rate - finance leases		7.2	%		—

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of December 31, 2023:

	Operating Leases		Finance Leases
	(In thousands)
2024	$	12,986	$	117
2025		12,093		88
2026		11,521		—
2027		8,956		—
2028		8,602		—
2029 and thereafter		51,269		—
Total lease payments		105,427		205
Less: imputed interest		25,750		13
Present value of lease liabilities	$	79,677	$	192