XML 48 R38.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities as of June 30, 2024 and December 31, 2023 (in thousands):
ClassificationJune 30, 2024December 31, 2023
Lease Right-of-Use Assets:
Operating lease right-of-use assetsOther assets$67,943 56,907 
Lease Liabilities:
Operating lease liabilitiesOther liabilities$71,320 60,039 
Supplemental Cash Flow and Other information Related to Leases
The following tables represent lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands):
Three months ended June 30, 2024Three months ended June 30, 2023
Lease Costs
Operating lease cost $3,771 2,629 
Variable lease cost 705 842 
Total lease cost$4,476 3,471 

Six months ended June 30, 2024Six months ended June 30, 2023
Lease Costs
Operating lease cost$6,398 5,257 
Variable lease cost1,491 1,722 
Total lease cost$7,889 6,979 

Cash paid for amounts included in the measurement of lease liabilities:Six months ended June 30, 2024Six months ended June 30, 2023
Operating cash flows from operating leases$5,698 4,776 
Future Minimum Payments
Future minimum payments for operating leases with initial or remaining terms of one year or more as of June 30, 2024, were as follows (in thousands):
Operating leases
Twelve months ended:
Remainder of 2024$7,064 
202513,403 
202611,718 
202710,153 
20288,655 
Thereafter29,641 
Total future minimum lease payments80,634 
Amounts representing interest9,314 
Present value of net future minimum lease payments$71,320