
	June 30, 2025		December 31, 2024
Other assets:
Deferred compensation	$	966,893	$	865,585
Prepaid assets	213,917		194,690
Fractional shares — investment	313,399		278,683
Deferred tax assets, net	129,659		129,902
Operating lease assets	133,990		119,144
Referral fee	98,663		85,780
Debt issuance costs, net	12,981		14,154
Other	90,277		127,801
Total other assets	$	1,959,779	$	1,815,739

Other liabilities:
Deferred compensation	$	961,346	$	862,698
Unearned revenue	263,285		207,563
Fractional shares — repurchase obligation	313,399		278,683
Operating lease liabilities	163,365		147,718
Finance lease liabilities	—		105,123
Financing obligation liabilities	109,096		—
Taxes payable	60,040		134,815
Contingent consideration	124,849		196,898
Other	5,035		18,241
Total other liabilities	$	2,000,415	$	1,951,739

The Company entered into a 20 year credit tenant lease on its Fort Mill, South Carolina office in April 2025. The transaction was accounted for as a financing arrangement as it did not qualify for sale-leaseback accounting primarily due to the existence of an option to purchase the property for $1 at the end of the lease term. The Company had previously accounted for this location as a finance lease. As a result of the transaction, the term was extended, a financing obligation of $109.3 million was recorded, and the existing finance lease liability of $105.0 million was derecognized. The Company allocated $104.0 million and $5.3 million to building and land, respectively, in the property and equipment, net line item in the Company's condensed consolidated statements of financial condition. In connection with the sale-leaseback, the Company incurred incremental costs of $2.5 million, which were included in the basis of the amount financed.