Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Lease Costs and Other Quantitative Information

The following table presents lease costs and other quantitative information for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Lease Cost:	(dollars in thousands)
Operating lease cost	$	18,589	$	19,029	$	58,237	$	57,557
Variable lease cost	6,528		5,517		18,354		15,735
Sublease rental income	(2,001)		(1,903)		(6,416)		(7,519)
Total lease cost	$	23,116	$	22,643	$	70,175	$	65,773
Additional information:
Cash paid for amounts included in the measurement of lease liabilities for operating leases
Operating cash flows	$	21,588	$	22,823	$	65,407	$	67,095
Right-of-use lease assets obtained in exchange for operating lease liabilities and other non-cash adjustments (1)	$	3,311	$	8,145	$	16,449	$	14,681

(1) Includes Right-of-use lease assets obtained in exchange for operating lease liabilities related to acquisitions.

Minimum Future Rental Payments

The following table presents minimum future rental payments under the Company’s leases as of September 30, 2024 and their reconciliation to the corresponding lease liabilities:

	Maturity Analysis
	(dollars in thousands)
2024	$	17,305
2025	74,133
2026	61,421
2027	53,814
2028	49,962
Thereafter	115,014
Total	371,649
Less: Present value discount	(59,364)
Lease liability	$	312,285