XML 54 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense (Income), Weighted-Average Remaining Lease Term and Discount Rate, and Other Information Related to the Company's Operating Leases
The components of lease expense (income) of the Company’s operating leases are as follows:
Twelve Months Ended
December 31,
(in thousands)202320222021
Operating lease expenses$29,240 $29,724 $30,615 
Variable lease costs3,876 3,286 3,017 
Short-term lease costs745 477 343 
Sublease income$(5,127)$(4,630)$(3,303)
Total lease costs$28,734 $28,857 $30,672 
Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:
As of
Lease Term and Discount Rate
December 31,
2023
December 31,
2022
Weighted-average remaining lease term (years)7.047.86
Weighted-average discount rate3.66 %3.40 %
Other information related to the Company’s operating leases are as follows:
 Years Ended
Other Information
(in thousands)
December 31,
2023
December 31,
2022
December 31,
 2021
Operating cash flows used for operating leases$31,249 $29,385 $30,972 
Right of use assets obtained in exchange for new
    operating lease liabilities
$12,568 $15,979 $26,004 
Summary of Maturities of Operating Lease Liability
Maturities of the Company’s operating lease liabilities, interest and other relevant line items in the Consolidated Statement of Financial Condition as of December 31, 2023 are as follows:
Maturity of Lease Liabilities
(in thousands)
Operating
Leases
2024$27,167 
202526,010 
202623,976 
202717,913 
202817,346 
Thereafter50,003 
Total lease payments$162,415 
Less: Interest(19,852)
Present value of lease liabilities$142,563 
Other accrued liabilities$22,429 
Long-term operating lease liabilities$120,134