XML 52 R39.htm IDEA: XBRL DOCUMENT v3.25.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease, Cost
The components of operating lease expense recorded within general, administrative and other in the Condensed Consolidated Statements of Income (Loss) were as follows:

Three Months Ended March 31,
20252024
Operating lease cost(1)
$1,873 $2,879 
Variable lease cost(2)
1,029 1,095 
Less: sublease income51 66 
Total lease cost$2,851 $3,908 
____________
(1)Includes $0.1 million of short term lease expense for the each of the three months ended March 31, 2025 and 2024. For the three months ended March 31, 2024, 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:
Three Months Ended March 31,
20252024
Cash paid for amounts included in the measurement of operating lease liabilities$2,046$1,979
Non-cash ROU assets obtained in exchange for new and extended operating leases$206$3,155
Weighted average remaining lease term in years13.5 years12.8 years
Weighted average discount rate6.3 %6.1 %
Schedule of Maturities of Operating Lease Liabilities
As of March 31, 2025, the maturities of operating lease liabilities were as follows:
Remainder of 2025$6,095 
20264,955 
20276,794 
20286,622 
20295,966 
Thereafter61,457 
Total lease payments91,889 
Less: tenant improvement allowance(8,706)
Less: imputed interest(30,305)
Total operating lease liabilities$52,878