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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Components of Operating Lease Expense | The following table summarizes the components of operating lease expense reflected on the accompanying consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 80,257 |  |  | $ | 78,482 |  |  | $ | 86,232 |
Variable lease cost | 23,521 |  |  | 21,086 |  |  | 21,193 |
Sublease income | (934) |  |  | (4,969) |  |  | (7,303) |
Total | $ | 102,844 |  |  | $ | 94,599 |  |  | $ | 100,122 |
Schedule of Supplemental Cash Flow Information and Certain Other Information Related to Operating Leases | The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the years ended December 31, 2023 and 2022:
| Year Ended December 31,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows paid for operating leases | $ | 81,737 |  | $ | 81,415
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $ | 35,282 |  | $ | 34,559
Weighted average remaining lease term | 8 years |  | 9 years
Weighted average discount rate | 3.9 | % |  | 3.7 | %
Schedule of Maturities of Operating Lease Liabilities Outstanding | Maturities of the operating lease liabilities outstanding at December 31, 2023 for each of the years in the period ending December 31, 2028 and thereafter are set forth in the table below.
Year Ending December 31, |
2024 | $ | 82,321 |
2025 | 73,201 |
2026 | 64,811 |
2027 | 63,334 |
2028 | 59,863 |
Thereafter | 221,452 |
Total lease payments | 564,982 |
Less - Discount | 79,791 |
Operating lease liabilities | $ | 485,191 |
Schedule of Carrying Value of Assets Subject to Leases on Consolidated Statements of Financial Condition | The following table presents the carrying value of the assets subject to leases reported on the consolidated statements of financial condition:
| Year Ending
| December 31, 2023
Property, net | $ | 72,921 |
Accumulated depreciation | $ | 104,171 |
Schedule of Undiscounted Future Cash Inflows Under Operating Lease | The following table presents undiscounted future cash inflows under the operating lease as of December 31, 2023:
Year Ending December 31, |
2024 | $ | 2,758 |
2025 | 8,273 |
2026 | 8,273 |
2027 | 8,273 |
2028 | 8,273 |
Thereafter | 24,820 |
Total lease payment to be received | $ | 60,670 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
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