LEASES

12 Months Ended

Dec. 31, 2024

LEASES

LEASES

7. LEASES

The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted operating lease liabilities in the Consolidated Statements of Financial Condition at December 31, 2024:

(In thousands)
2025	$	13,972
2026		13,374
2027		11,528
2028		5,547
2029		3,029
Thereafter		4,787
Total undiscounted lease payments		52,237
Less amounts representing interest		(3,244)
Operating lease liabilities	$	48,993

Other information related to our operating leases was as follows:

	Year Ended December 31,
(In thousands)	2024		2023		2022
Operating lease cost	$	13,712	$	12,801	$	11,428
Cash paid for amounts included in the measurement of operating lease liabilities		13,684		12,560		10,574

	As of December 31, 2024		As of December 31, 2023
Weighted average remaining lease term	4.4	years	5.0	years
Weighted average discount rate	2.72	%	2.34	%