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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Lease, Cost
Operating lease expense was as follows:
 For the Years Ended December 31,
Lease TypeClassification202320222021
Parking leasesCompensation and benefits$393 $398 $518 
Office leases (1)
Occupancy18,046 18,979 14,463 
Variable lease cost (2)
Occupancy935 351 110 
Short-term lease cost (2)
Occupancy469 710 455 
Sublease incomeOccupancy— (133)(267)
Office equipment leasesCommunication and technology67 134 247 
Total operating lease expense$19,910 $20,439 $15,526 
(1) Office lease expense includes an impairment charge of $1.4 million for the year ended December 31, 2022 related to the abandonment of leased office space.
(2) Variable and short-term lease costs are excluded from the measurement of operating lease liabilities.
Lessee, Operating Lease, Liability, Maturity
The table below presents the maturity of operating lease liabilities:
As of December 31, 2023
2024$18,995 
202519,342 
202618,896 
202717,468 
202816,410 
Thereafter42,378 
Total undiscounted lease payments133,489 
Adjustment to discount to present value(20,098)
Operating lease liabilities$113,391 
Schedule of Other Information Related to Leases
As of December 31, 2023, none of the options to extend lease terms were reasonably certain of being exercised. Other information related to leases was as follows:
 For the Years Ended December 31,
202320222021
Weighted average discount rate4.1 %4.1 %4.4 %
Weighted average remaining lease term8.4 years9.0 years8.3 years
Operating cash flows for operating leases19,668 16,393 16,821