Leases (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023 and 2022:

		Year Ended December 31,
Lease cost:	Classification	2024		2023		2022
		(In thousands)
Operating lease cost - office space	Occupancy	$	11,034	$	12,861	$	13,015
Operating lease cost for subleased/assigned properties	Other, net		—		—		469
Operating lease cost - equipment	Technology and communications		390		98		—
Variable lease costs	Occupancy		3,327		237		96
Sublease income	Other, net		—		—		(405	)
Total operating lease cost		$	14,751	$	13,196	$	13,175

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, 2024			December 31, 2023
Weighted average remaining lease term (in years) - operating leases		8.8			9.6
Weighted average discount rate - operating leases		6.1	%		6.0	%
Weighted average remaining lease term (in years) - finance leases		0.8			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 December 31, 2024:

	Operating Leases		Finance Leases
	(In thousands)
2025	$	12,699		88
2026		12,115		—
2027		9,286		—
2028		8,675		—
2029		8,992		—
2030 and thereafter		42,186		—
Total lease payments		93,953		88
Less: imputed interest		21,299		3
Present value of lease liabilities	$	72,654	$	85