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Leases (Tables)
 12 Months Ended
Dec. 31, 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 Consolidated Statements
of Financial Condition		December 31, 2021December 31, 2020
Assets
Operating lease ROU assetsOther assets$136,252 $165,969 
Finance lease ROU assetsFixed assets, net$2,893 $— 
Liabilities
Operating lease liabilitiesAccounts payable, accrued and other liabilities$166,220 $190,207 
Finance lease liabilitiesAccounts payable, accrued and other liabilities$2,985 $— 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate
December 31, 2021December 31, 2020
Weighted-average remaining lease term
Operating leases (years)10.810.5
Finance leases (years)4.70
Weighted-average discount rate
Operating leases4.9 %4.9 %
Finance leases3.1 %— %
Schedule of Components of Lease Expense
December 31, 2021December 31, 2020
Weighted-average remaining lease term
Operating leases (years)10.810.5
Finance leases (years)4.70
Weighted-average discount rate
Operating leases4.9 %4.9 %
Finance leases3.1 %— %
The components of lease expense are as follows (in thousands):
Year Ended December 31,
Classification in Consolidated Statements
of Operations		20212020
Operating lease cost1
Occupancy and equipment$41,442 $43,726 
Finance lease cost
Amortization on ROU assetsOccupancy and equipment$146 $— 
Interest on lease liabilitiesInterest expense$21 $— 
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1The Company recorded operating lease costs related to the Insurance brokerage business of $3.5 million for the year ended December 31, 2021.
Schedule of Maturity Analysis of Operating Lease Liabilities
As of December 31, 2021, minimum lease payments under these arrangements are as follows (in thousands):
Net Lease
Commitment
2022$32,288 
202328,318 
202423,433 
202519,014 
202615,670 
2027 and thereafter103,214 
Total$221,937 
The following table shows the Company’s maturity analysis of its operating lease liabilities as of December 31, 2021 (in thousands):
December 31, 2021
Operating leasesFinance leases
2022$32,288 $657 
202328,318 657 
202423,433 657 
202519,014 657 
202615,670 499 
Thereafter103,214 — 
Total$221,937 $3,127 
Interest(55,717)(142)
Total$166,220 $2,985 
Schedule of Cash Flow Information Related to Lease Liabilities
The following table shows cash flow information related to lease liabilities (in thousands):
Year Ended December 31,
20212020
Cash paid for obligations included in the measurement of lease liabilities1
$37,085 $37,552 
Cash paid for obligations included in the measurement of finance lease liabilities$157 $— 
_______________________________________
1The Company made payments for operating lease liabilities related to the Insurance brokerage business of $3.6 million for the year ended December 31, 2021.