Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

11. LEASES

The components of lease expense were as follows:

	Three Months Ended March 31,
	2022			2021
Operating Lease Cost	$	6,724		$	6,846
Variable Lease Cost		1,004			852
Sublease Income		(210	)		(270	)
Total Lease Cost	$	7,518		$	7,428

Supplemental information related to the Company’s operating leases was as follows:

	Three Months Ended March 31,
	2022		2021
Cash Paid for Amounts Included in Measurement of Lease Liabilities
Operating Cash Flows from Operating Leases	$	5,640	$	5,351

	March 31, 2022			December 31, 2021
Weighted-Average Remaining Lease Term (in years)		7.5			7.6
Weighted-Average Discount Rate		4.7	%		4.7	%

The following is a maturity analysis of the annual undiscounted cash flows of the Company’s operating lease liabilities as of March 31, 2022:

Year Ending December 31,	Operating
2022 (April 1 through December 31)	$	22,123
2023		29,809
2024		28,288
2025		24,614
2026		19,254
Thereafter		54,182
Total Lease Payments		178,270
Less: Imputed Interest		28,220
Total	$	150,050

In March 2022, the Company entered into a lease agreement for office space. Such lease has not been included in Operating Lease Right-of-Use Assets and Operating Lease Liabilities as of March 31, 2022 on the Condensed Consolidated Statement of Financial Condition as the Company does not yet have the right to use the premises. Commencement of the lease is currently anticipated to occur in 2022 with an initial term that expires in 2027.