v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024 (in thousands):
ClassificationMarch 31, 2025December 31, 2024
Lease Right-of-Use Assets:
Operating lease right-of-use assetsOther assets$59,955 62,258 
Lease Liabilities:
Operating lease liabilitiesOther liabilities$62,883 65,226 
Schedule of 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 March 31, 2025Three months ended March 31, 2024
Lease Costs
Operating lease cost $3,544 2,627 
Variable lease cost 1,107 785 
Total lease cost$4,651 3,412 

Cash paid for amounts included in the measurement of lease liabilities:Three months ended March 31, 2025Three months ended March 31, 2024
Operating cash flows from operating leases$3,493 2,557 
Schedule of Future Minimum Payments
Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2025, were as follows (in thousands):
Operating leases
Twelve months ended:
Remainder of 2025$9,870 
202611,892 
202710,359 
20288,830 
20297,519 
Thereafter22,246 
Total future minimum lease payments70,716 
Amounts representing interest7,833 
Present value of net future minimum lease payments$62,883