Silvercrest Asset Management Group LLC Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows:


	Three Months Ended March 31,
	2024		2023
Operating Lease Cost	$	1,529	$	1,519
Financing Lease Cost:
Amortization of ROU assets	$	33	$	29
Interest on lease liabilities		4		3
Total	$	37	$	32

Future minimum lease payments and rentals under lease agreements for office space are as follows:


	Operating Leases		Non-cancellable Subleases			Operating Lease Liabilities
Remainder of 2024	$	4,943	$	(90	)	$	4,853
2025		6,571		(40	)		6,531
2026		6,562		—			6,562
2027		6,523		—			6,523
2028		4,913		—			4,913
Thereafter		1,692		—			1,692
Total	$	31,204	$	(130	)	$	31,074
Weighted-average remaining lease term – operating leases (months)							59.0
Weighted-average discount rate							4.6	%

The assets relating to finance leases that are included in equipment as of March 31, 2024 and December 31, 2023 are as follows:


	March 31, 2024			December 31, 2023
Finance lease assets included in furniture and equipment	$	509		$	509
Less: Accumulated depreciation and amortization		(211	)		(179	)
	$	298		$	330

Future minimum lease payments under finance leases are as follows:


	Future Minimum Lease Commitments
Remainder of 2024	$	89
2025		113
2026		72
2027		31
2028		—
Thereafter		—
Total	$	305
Weighted-average remaining lease term – finance leases (months)		33.4
Weighted-average discount rate		4.7	%