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Leases (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases
Supplemental information related to the Company’s operating leases is as follows (in thousands):
Classification in
Unaudited Condensed
Consolidated Statements
of Financial Condition
June 30, 20211
December 31, 2020
Assets
Operating lease ROU assetsOther assets$140,607 $165,969 
Finance lease ROU assetsFixed assets, net$531 $— 
Liabilities
Operating lease liabilitiesAccounts payable,
accrued and other
liabilities		$170,155 $190,207 
Finance lease liabilitiesAccounts payable,
accrued and other
liabilities		$532 $— 
__________________________
1.The Company reclassified $7,286 thousand of operating lease ROU assets, and $7,392 thousand of operating lease liabilities as Assets held for sale and Liabilities held for sale, respectively.
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
 June 30, 2021December 31, 2020
Weighted-average remaining lease term
Operating leases (years)11.110.5
Finance leases (years)4.9— 
Weighted-average discount rate
Operating leases4.9 %4.9 %
Finance leases3.1 %— %
Schedule of Components of Lease Expense
The components of lease expense are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Classification in
Unaudited
Condensed
Consolidated
Statements
of Operations		2021202020212020
Operating lease cost1
Occupancy and
equipment		$10,589 $10,798 $21,595 $20,664 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$18 $— $18 $— 
Interest on lease liabilitiesInterest expense$3 $— $3 $— 
__________________________
1.The Company recorded operating lease costs related to the Insurance brokerage business of $1,080 thousand and $2,193 thousand for the three and six months ended June 30, 2021.
Schedule of Maturity Analysis of Operating Lease Liabilities The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
June 30, 2021
Operating leasesFinance leases
2021 (excluding the six months ended June 30, 2021)$16,688 $59 
202231,152 119 
202325,980 119 
202421,362 119 
202516,874 119 
Thereafter113,568 40 
Total$225,624 $575 
Interest(55,469)(43)
Total$170,155 $532 
Schedule of Maturity Analysis of Finance Lease Liabilities The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):
June 30, 2021
Operating leasesFinance leases
2021 (excluding the six months ended June 30, 2021)$16,688 $59 
202231,152 119 
202325,980 119 
202421,362 119 
202516,874 119 
Thereafter113,568 40 
Total$225,624 $575 
Interest(55,469)(43)
Total$170,155 $532 
Schedule of Cash Flow Information Related to Lease Liabilities
The following table shows cash flow information related to lease liabilities (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Cash paid for obligations included in the measurement of operating lease liabilities1
$8,794 $10,936 $18,043 $20,024 
Cash paid for obligations included in the measurement of finance lease liabilities$20 $— $20 $—