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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Lease, Cost

Lease cost is recorded under rent and occupancy expenses in the consolidated statements of earnings and is comprised of the following for the year-ended December 31:

 

 

2024

 

 

2023

 

 

2022

 

Operating lease cost

 

$

131,970

 

 

$

123,411

 

 

$

107,858

 

Variable lease cost

 

 

50,614

 

 

 

50,508

 

 

 

47,553

 

Total lease cost

 

$

182,584

 

 

$

173,919

 

 

$

155,411

 

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2024 are as follows:

2025

 

$

131,830

 

2026

 

 

117,301

 

2027

 

 

96,323

 

2028

 

 

78,233

 

2029

 

 

63,473

 

Thereafter

 

 

189,450

 

Total minimum lease payments

 

 

676,610

 

Less imputed interest

 

 

107,673

 

Lease liability

 

$

568,937

 

Schedule of Weighted-average Remaining Lease Term and Weighted-average Discount Rate

The weighted-average remaining lease term and weighted-average discount rate are as follows:

 

 

2024

 

 

2023

 

Weighted-average remaining lease term (in years)

 

 

6.79

 

 

 

6.68

 

Weighted-average discount rate

 

 

5.11

%

 

 

4.34

%

Other Information Related to Leases

Other information related to the Company's operating leases are as follows:

 

 

2024

 

 

2023

 

 

2022

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

154,197

 

 

$

105,888

 

 

$

151,654

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

128,481

 

 

$

120,793

 

 

$

106,772