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Leases (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Schedule of Supplemental Information Related to Operating Leases | Supplemental information related to the Company’s operating and financing leases are as follows (in thousands):
| Classification in Unaudited Condensed Consolidated Statements of Financial Condition |  | June 30, 2022 |  | December 31, 2021
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 130,490 |  |  | $ | 136,252 |
Finance lease ROU assets | Fixed assets, net |  | $ | 2,617 |  |  | $ | 2,893 |
Liabilities |  |  |  |  |
Operating lease liabilities | Accounts payable, accrued and other liabilities |  | $ | 157,531 |  |  | $ | 166,220 |
Finance lease liabilities | Accounts payable, accrued and other liabilities |  | $ | 2,683 |  |  | $ | 2,985 |
Schedule of Weighted-Average Remaining Lease Term and Discount Rate |
| June 30, 2022 |  | December 31, 2021
Weighted-average remaining lease term |  |  |
Operating leases (years) | 10.1 |  | 10.8
Finance leases (years) | 4.3 |  | 4.7
Weighted-average discount rate |  |  |
Operating leases | 4.8 | % |  | 4.9 | %
Finance leases | 3.1 | % |  | 3.1 | %
Schedule of Components of Lease Expense | The components of lease expense are as follows (in thousands):
| Classification in Unaudited Condensed Consolidated Statements of Operations |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease cost 1,2 | Occupancy and equipment |  | $ | 9,137 |  |  | $ | 10,589 |  |  | $ | 16,460 |  |  | $ | 21,595 |
Finance lease cost |  |  |  |  |  |  |  |  |
Amortization on ROU assets | Occupancy and equipment |  | $ | 152 |  |  | $ | 18 |  |  | $ | 304 |  |  | $ | 18 |
Interest on lease liabilities | Interest expense |  | $ | 21 |  |  | $ | 3 |  |  | $ | 43 |  |  | $ | 3 |
__________________________ 1 The Company recorded operating lease costs related to the Insurance brokerage business of $1.1 million and $2.2 million for three and six months ended June, 30 2021. 2 Short-term lease expense was not material for the three and six months ended June 30, 2022 and 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, 2022
| Operating leases |  | Finance leases
2022 (excluding the six months ended June 30, 2022) | $ | 17,729 |  |  | $ | 394 |
2023 | 32,131 |  |  | 657 |
2024 | 23,925 |  |  | 657 |
2025 | 18,923 |  |  | 657 |
2026 | 15,384 |  |  | 499 |
Thereafter | 99,488 |  |  | — |
Total | $ | 207,580 |  |  | $ | 2,864 |
Interest | (50,049) |  |  | (181) |
Total | $ | 157,531 |  |  | $ | 2,683 |
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, 2022
| Operating leases |  | Finance leases
2022 (excluding the six months ended June 30, 2022) | $ | 17,729 |  |  | $ | 394 |
2023 | 32,131 |  |  | 657 |
2024 | 23,925 |  |  | 657 |
2025 | 18,923 |  |  | 657 |
2026 | 15,384 |  |  | 499 |
Thereafter | 99,488 |  |  | — |
Total | $ | 207,580 |  |  | $ | 2,864 |
Interest | (50,049) |  |  | (181) |
Total | $ | 157,531 |  |  | $ | 2,683 |
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,
| 2022 |  | 2021 |  | 2022 |  | 2021
Cash paid for obligations included in the measurement of operating lease liabilities 1 | $ | 9,647 |  |  | $ | 8,794 |  |  | $ | 17,564 |  |  | $ | 18,043 |
Cash paid for obligations included in the measurement of finance lease liabilities | $ | 164 |  |  | $ | 20 |  |  | $ | 328 |  |  | $ | 20 |
1. The Company made payments for operating lease liabilities related to the Insurance brokerage business of $1.1 million and $2.3 million for the three and six months ended June 30, 2021.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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