LEASES

3 Months Ended

Mar. 31, 2024

LEASES

LEASES

8. LEASES

The following table presents the Company’s remaining maturities of undiscounted lease payments, as well as a reconciliation to the discounted operating lease liabilities in the Consolidated Statements of Financial Condition at March 31, 2024:

(In thousands)
2024	$	10,023
2025		13,162
2026		12,511
2027		10,670
2028		4,656
Thereafter		7,274
Total undiscounted lease payments		58,296
Less amounts representing interest		(3,569)
Operating lease liabilities	$	54,727

Other information related to the Company’s operating leases was as follows:

	Three Months Ended March 31,
(In thousands)	2024		2023
Operating lease cost	$	3,291	$	3,141
Cash paid for amounts included in the measurement of operating lease liabilities		3,276		3,071

	As of March 31, 2024		As of December 31, 2023
Weighted average remaining lease term	4.9	years	5.0	years
Weighted average discount rate	2.44	%	2.34	%