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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Lease, Cost | The components of operating lease expense recorded within general, administrative and other in the Consolidated Statements of Income (Loss) were as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Operating lease cost(1) |  | $ | 9,904 |  |  | $ | 8,874 |  |  | $ | 7,514 |
Variable lease cost(2) |  | 3,878 |  |  | 4,458 |  |  | 4,112 |
Less: sublease income |  | 215 |  |  | 179 |  |  | 193 |
Total lease cost |  | $ | 13,567 |  |  | $ | 13,153 |  |  | $ | 11,433 |
____________ (1)Includes $0.3 million of short term lease expense for each of the years ended December 31, 2024, 2023, and 2022. For the years ended December 31, 2024 and 2023 includes lease cost for two offices in New York due to the build out of new office space. (2)Includes common area maintenance charges and other variable costs not included in the measurement of ROU assets and lease liabilities. The following table summarizes cash flows and other supplemental information related to our operating leases:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of operating lease liabilities(1) | $ | 5,132 |  | $ | 8,613 |  | $ | 8,813
Non-cash ROU assets obtained in exchange for new and extended operating leases | $ | 9,075 |  | $ | 34,116 |  | $ | 693
Weighted average remaining lease term in years | 13.7 years |  | 13.1 years |  | 2.9 years
Weighted average discount rate | 6.3 | % |  | 6.1 | % |  | 4.1 | %
___________ (1)Excludes $6.3 million of cash received during the year ended December 31, 2024 for lease incentives received related to the New York office lease.
Schedule of Maturities of Operating Lease Liabilities | As of December 31, 2024 the maturities of operating lease liabilities were as follows:
Year Ended December 31, |  |
2025 |  | $ | 7,534 |
2026 |  | 5,393 |
2027 |  | 6,770 |
2028 |  | 6,603 |
2029 |  | 5,966 |
Thereafter |  | 61,457 |
Total lease payments |  | $ | 93,723 |
Less: tenant improvement allowance |  | (8,706) |
Less: imputed interest |  | (31,141) |
Total operating lease liabilities |  | $ | 53,876 |

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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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