Leases (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Future Minimum Commitments Under Operating Leases

Future minimum commitments for the Company’s operating leases in place as of December 31, 2021, the interest and other relevant line items in the Consolidated Statement of Financial Condition are as follows:

Maturity of Lease Liabilities	Operating
(in thousands)	Leases
2022	$	28,271
2023		29,427
2024		23,924
2025		22,717
2026		20,447
Thereafter		73,539
Total lease payments	$	198,325
Less: Interest		(24,972	)
Present value of lease liabilities	$	173,353

Other accrued liabilities	$	23,324
Long-term operating lease liabilities	$	150,029

Summary of Lease Term and Discount Rate Under Operating Leases

The following table presents the lease term and discount rate for the Company’s operating leases in place as of the periods indicated:

	As of
	December 31,			December 31,
Lease Term and Discount Rate	2021			2020
Weighted-average remaining lease term (years)		8.16			8.93
Weighted-average discount rate		3.09	%		3.34	%

Summary of Other Information Under Operating Leases

The following table presents other information for the Company’s operating leases in place for the periods indicated:

	Years Ended
Other Information	December 31,		December 31,		December 31,
(in thousands)	2021		2020		2019
Operating cash flows used for operating leases	$	30,972	$	30,061	$	29,886
Right of use assets obtained in exchange for new operating lease liabilities	$	26,004	$	11,472	$	210,784