Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Schedule of Components of Operating Lease Expense

The following table presents the components of operating lease expense for the three and six months ended June 30, 2025 and 2024:

		Three Months Ended June 30,				Six Months Ended June 30,
Lease cost:	Classification	2025		2024		2025		2024
		(In thousands)
Operating lease cost - office space	Occupancy	$	2,826	$	2,750	$	5,577	$	5,504
Operating lease cost - equipment	Technology and communications		98		98		195		195
Variable lease costs	Occupancy		847		882		1,632		1,469
Total operating lease cost		$	3,771	$	3,730	$	7,404	$	7,168

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	June 30, 2025			December 31, 2024
Weighted average remaining lease term (in years) - operating leases		8.4			8.8
Weighted average discount rate - operating leases		6.1	%		6.1	%
Weighted average remaining lease term (in years) - finance leases		0.3			0.8
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 June 30, 2025:

	Operating Leases		Finance Leases
	(In thousands)
Remainder of 2025	$	6,551	$	29
2026		12,518		—
2027		9,430		—
2028		8,727		—
2029		9,007		—
2030 and thereafter		42,238		—
Total lease payments		88,471		29
Less: imputed interest		19,241		1
Present value of lease liabilities	$	69,230	$	28