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Leases (Tables) | 6 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Schedule of Occupancy Expense and Supplemental Cash Flow Information Related to Operating Leases | Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands)
Operating lease expense: |  |  |  |  |  |  |
Fixed costs | $ | 8,927 |  |  | $ | 8,421 |  |  | $ | 18,362 |  |  | $ | 16,169 |
Variable costs | 100 |  |  | 30 |  |  | 148 |  |  | 65 |
Short-term lease costs | 74 |  |  | 265 |  |  | 140 |  |  | 622 |
Sublease income | (1,321) |  |  | (533) |  |  | (2,517) |  |  | (1,245) |
Net lease expense | $ | 7,780 |  |  | $ | 8,183 |  |  | $ | 16,133 |  |  | $ | 15,611 |
Schedule of Cash Flow, Supplemental Disclosures | The following table presents supplemental cash flow information related to leases for the periods indicated:
| Six Months Ended
| June 30,
| 2024 |  | 2023
| (In thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 16,926 |  |  | $ | 18,247 |
ROU assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 2,527 |  |  | $ | 9,706 |
Schedule of Supplemental Balance Sheet Information Related to Operating Leases | The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:
| June 30, |  | December 31,
| 2024 |  | 2023
| (Dollars in thousands)
Operating leases: |  |  |
Operating lease right-of-use assets, net | $ | 113,858 |  |  | $ | 133,126 |
Operating lease liabilities | $ | 144,908 |  |  | $ | 161,308 |
Weighted average remaining lease term (in years) | 6.0 |  | 6.1
Weighted average discount rate | 3.48 | % |  | 3.40 | %
Schedule of Maturities of Operating Leases | The following table presents the maturities of operating lease liabilities as of the date indicated:
| June 30, 2024
| (In thousands)
Period ending December 31, |
2024 | $ | 19,478 |
2025 | 34,815 |
2026 | 28,412 |
2027 | 20,690 |
2028 | 16,541 |
Thereafter | 41,537 |
Total operating lease liabilities | 161,473 |
Less: Imputed interest | (16,565) |
Present value of operating lease liabilities | $ | 144,908 |
Schedule of Payments to be Received on Operating Leases | The following table presents the rental payments to be received on operating leases as of the date indicated:
| June 30, 2024
| (In thousands)
Year Ending December 31, |
2024 | $ | 21,049 |
2025 | 40,606 |
2026 | 36,111 |
2027 | 29,145 |
2028 | 25,020 |
Thereafter | 68,751 |
Total undiscounted cash flows | $ | 220,682 |

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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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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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