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Commitments and Contingencies (Tables)
 12 Months Ended
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,
202420232022
Operating lease cost(1)
$9,904 $8,874 $7,514 
Variable lease cost(2)
3,878 4,458 4,112 
Less: sublease income215 179 193 
Total lease cost$13,567 $13,153 $11,433 
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(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,
202420232022
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 years13.7 years13.1 years2.9 years
Weighted average discount rate6.3 %6.1 %4.1 %
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(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 
20265,393 
20276,770 
20286,603 
20295,966 
Thereafter61,457 
Total lease payments$93,723 
Less: tenant improvement allowance(8,706)
Less: imputed interest(31,141)
Total operating lease liabilities$53,876