Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Operating Lease Balance Sheet Information

As of the dates indicated, the Company had the following related to operating leases:

	As of December 31, 2023		As of December 31, 2022
	(In thousands)
Right-of-use assets	$	50,641	$	48,817
Lease liabilities	55,617		52,105

Summary of Lease Cost

The following table is a summary of the Company’s components of net lease cost for the periods indicated:

	For the Year Ended December 31,
	2023		2022		2021
	(In thousands)
Operating lease cost	$	12,439	$	12,716	$	12,559
Finance lease cost	338		309		160
Variable lease cost	2,766		2,547		2,012
Total lease cost	$	15,543	$	15,572	$	14,731

Supplemental balance sheet information related to operating leases as of the dates indicated is as follows:

	As of December 31, 2023		As of December 31, 2022
Weighted-average remaining lease term (in years)	8.26		7.25
Weighted-average discount rate	3.76	%	2.62	%

Schedule of Future Minimum Lease Payments

The following table sets forth the undiscounted cash flows of base rent related to operating leases outstanding as of December 31, 2023 with payments scheduled over the next five years and thereafter, including a reconciliation to the operating lease liability recognized in other liabilities in the Company’s Consolidated Balance Sheets:

	As of December 31, 2023
Year	(In thousands)
2024	$	11,506
2025	8,504
2026	7,143
2027	5,609
2028	5,886
Thereafter	27,770
Total minimum lease payments	66,418
Less: amount representing interest	10,801
Present value of future minimum lease payments	$	55,617