Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Components of Operating Lease Expense

The following table presents the components of operating lease expense for the three months ended March 31, 2024 and 2023:

		Three Months Ended March 31,
Lease cost:	Classification	2024		2023
		(In thousands)
Operating lease cost - office space	Occupancy	$	2,753	$	3,111
Operating lease cost - equipment	Technology and communications		98		—
Variable lease costs	Occupancy		587		51
Total operating lease cost		$	3,438	$	3,162

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	March 31, 2024			December 31, 2023
Weighted average remaining lease term (in years) - operating leases		9.4			9.6
Weighted average discount rate - operating leases		6.0	%		6.0	%
Weighted average remaining lease term (in years) - finance leases		1.5			1.8
Weighted average discount rate - finance leases		7.2	%		7.2	%

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of March 31, 2024:

	Operating Leases		Finance Leases
	(In thousands)
Remainder of 2024	$	9,852	$	88
2025		12,302		88
2026		11,730		—
2027		8,983		—
2028		8,603		—
2029 and thereafter		51,242		—
Total lease payments		102,712		176
Less: imputed interest		24,642		10
Present value of lease liabilities	$	78,070	$	166