v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of aggregate minimum lease commitments for operating leases Aggregate minimum lease payments on an undiscounted basis for the Company's operating leases and a reconciliation to accrued lease liabilities included on the consolidated statements of financial condition as of June 30, 2026 were as follows:
(Amounts in thousands)
Remainder of 2026$14,009 
202728,547 
202827,215 
202925,351 
203023,192 
Thereafter186,346 
Total operating lease payments
304,660 
Less: Tenant improvement allowances
(23,465)
Less: Present value discount
(121,186)
Total accrued lease liabilities
$160,009 
Schedule of operating lease costs
The following table summarizes the Company's operating lease costs:
Three Months EndedSix Months Ended
June 30,June 30,
(Amounts in millions)2026202520262025
Operating lease costs$6.2 $6.0 $11.6 $12.5 
Supplemental Operating Lease Information
Other information related to the Company's operating leases is as follows:
Six Months Ended
June 30,
(Amounts in millions)20262025
Cash paid for lease liabilities
$13.0 $13.5 
ROU lease assets obtained in exchange for lease liabilities (i.e., new leases and amendments commenced during the period)
98.4 32.7 
June 30,December 31,
20262025
Weighted average remaining lease term (in years)
11.47.9
Weighted average discount rate
6.5 %5.9 %