v3.26.1
Other assets (Tables)
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets by Major Categories The caption of other assets in the Consolidated Statements of Financial Condition consists of the following major categories:
(In thousands)
June 30, 2026
December 31, 2025
Net deferred tax assets (net of valuation allowance)
$794,693
$814,265
Investments under the equity method
295,281
261,687
Prepaid taxes
62,549
42,762
Other prepaid expenses
32,527
25,542
Capitalized software costs
189,159
183,381
Derivative assets
28,516
27,913
Trades receivable from brokers and counterparties
7,628
245
Principal, interest and escrow servicing advances
23,818
30,252
Guaranteed mortgage loan claims receivable
4,430
9,184
Operating ROU assets
99,825
95,234
Finance ROU assets
23,567
23,686
Assets for pension benefit
40,836
38,157
Others
159,392
153,669
Total other assets
$1,762,221
$1,705,977
Schedule of Composition of Acquired or Developed Software Costs The following table summarizes
the composition of acquired or developed software costs as well as costs related to hosting arrangements:
Gross Carrying
Accumulated
Net Carrying
(In thousands)
Amount
Amortization
Value
June 30, 2026
Software development costs
$107,959
$41,510
$66,449
Software license costs
60,936
30,515
30,421
Cloud computing arrangements
113,857
21,568
92,289
Total Capitalized software costs [1] [2]
$282,752
$93,593
$189,159
December 31, 2025
Software development costs
$103,628
$34,170
$69,458
Software license costs
46,538
24,475
22,063
Cloud computing arrangements
106,410
14,550
91,860
Total Capitalized software costs [1] [2]
$256,576
$73,195
$183,381
[1]Software intangible assets are presented as part of Other Assets in the Consolidated Statements of Financial Condition.
[2]The tables above exclude assets that have been fully amortized.
Schedule of Amortization Expense for all Capitalized Software and Hosting Arrangement Cost Total amortization expense for all capitalized software and hosting arrangement cost, reflected as part of technology and software expenses
in the consolidated statements of operations, is as follows:
Quarters ended June 30,
Six months ended June 30,
(In thousands)
2026
2025
2026
2025
Software development and license costs
$25,759
$22,254
$49,715
$43,982
Cloud computing arrangements
3,956
1,462
7,557
2,828
Total amortization expense
$29,715
$23,716
$57,272
$46,810