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Leases
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases
The Company leases certain office space and equipment under various non-cancelable operating leases. These leases have original terms ranging from 2 years to 24 years. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based upon the present value of the future minimum lease payments over the lease
term. Operating lease liabilities are recorded within other liabilities and ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets. The information presented within this Note excludes discontinued operations with regard to information pertaining to the three and six months ended June 30, 2023. Refer to Note 15, “Discontinued Operations” for further discussion regarding discontinued operations.
As of the dates indicated, the Company had the following related to operating leases:
As of June 30, 2024As of December 31, 2023
(In thousands)
Right-of-use assets$48,020 $50,641 
Lease liabilities52,709 55,617 
Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
The following table is a summary of the Company’s components of net lease cost for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Operating lease cost$2,758 $2,929 $5,858 $5,955 
Finance lease cost112 81 224 159 
Variable lease cost620 683 1,420 1,338 
Total lease cost$3,490 $3,693 $7,502 $7,452 
During the three and six months ended June 30, 2024, the Company made $3.2 million and $6.7 million, respectively, in cash payments for operating and finance lease payments. During the three and six months ended June 30, 2023, the Company made $3.2 million and $6.5 million, respectively, in cash payments for operating and finance lease payments.
Supplemental balance sheet information related to operating leases are as follows:
As of June 30, 2024As of December 31, 2023
Weighted-average remaining lease term (in years)8.438.26
Weighted-average discount rate3.84 %3.76 %
Leases Leases
The Company leases certain office space and equipment under various non-cancelable operating leases. These leases have original terms ranging from 2 years to 24 years. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based upon the present value of the future minimum lease payments over the lease
term. Operating lease liabilities are recorded within other liabilities and ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets. The information presented within this Note excludes discontinued operations with regard to information pertaining to the three and six months ended June 30, 2023. Refer to Note 15, “Discontinued Operations” for further discussion regarding discontinued operations.
As of the dates indicated, the Company had the following related to operating leases:
As of June 30, 2024As of December 31, 2023
(In thousands)
Right-of-use assets$48,020 $50,641 
Lease liabilities52,709 55,617 
Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
The following table is a summary of the Company’s components of net lease cost for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Operating lease cost$2,758 $2,929 $5,858 $5,955 
Finance lease cost112 81 224 159 
Variable lease cost620 683 1,420 1,338 
Total lease cost$3,490 $3,693 $7,502 $7,452 
During the three and six months ended June 30, 2024, the Company made $3.2 million and $6.7 million, respectively, in cash payments for operating and finance lease payments. During the three and six months ended June 30, 2023, the Company made $3.2 million and $6.5 million, respectively, in cash payments for operating and finance lease payments.
Supplemental balance sheet information related to operating leases are as follows:
As of June 30, 2024As of December 31, 2023
Weighted-average remaining lease term (in years)8.438.26
Weighted-average discount rate3.84 %3.76 %