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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of 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 December 31, 2024 and December 31, 2023 (in thousands):

						Classification						December 31, 2024						December 31, 2023
Lease Right-of-Use Assets:
Operating lease right-of-use assets						Other assets						$	62,258					$	56,907
Lease Liabilities:
Operating lease liabilities						Other liabilities						$	65,226					$	60,039

Schedule of Supplemental Cash Flow and Other Information Related to Leases

The following table represents 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):

						Year ended December 31, 2024						Year ended December 31, 2023
Lease Costs
Operating lease cost						$	13,088					10,495
Variable lease cost						3,057						3,193
Total Lease Cost						$	16,145					13,688

Cash paid for amounts included in the measurement of lease liabilities (in thousands):						Year ended December 31, 2024						Year ended December 31, 2023
Operating cash flows from operating leases						$	12,818					9,904

Schedule of Future Minimum Payments

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows (in thousands):

						Operating Leases
Years ended:
2025						$	13,170
2026						11,715
2027						10,203
2028						8,742
2029						7,431
Thereafter						22,239
Total future minimum lease payments						73,500
Amounts representing interest						8,274
Present value of net future minimum lease payments						$	65,226

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- Definition

Assets and Liabilities, Lessee

+ References

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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

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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

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