Fixed Assets, Net (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Components of Fixed Assets, Net

Fixed assets are depreciated over their estimated useful lives as follows:

Leasehold improvements and other fixed assets	shorter of the remaining term of lease or useful life
Software, including software development costs	3-5 years straight-line
Computer and communications equipment	3-5 years straight-line

Fixed assets, net consisted of the following (in thousands):

	December 31, 2025		December 31, 2024
Leasehold improvements, furniture and fixtures, and other fixed assets	$	266,585	$	254,337
Software, including software development costs	76,567		64,680
Computer and communications equipment	45,117		41,144
Total, cost	388,269		360,161
Accumulated depreciation and amortization	(231,779)		(193,432)
Total, net	$	156,490	$	166,729