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Operating Leases | 3 Months Ended
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Mar. 31, 2019
Lessee Disclosure [Abstract] |
Operating Leases | NOTE 17 – Operating Leases The table below presents information about operating lease liabilities as of March 31, 2019, (in thousands, except percentages).
Remainder of 2019 |  | $ | 65,058 |
2020 |  |  | 84,120 |
2021 |  |  | 79,102 |
2022 |  |  | 78,288 |
2023 |  |  | 76,386 |
Thereafter |  |  | 485,856 |
Total undiscounted lease payments |  |  | 868,810 |
Imputed interest |  |  | (198,035 | )
Total operating lease liabilities |  | $ | 670,775 |
Weighted average remaining lease term |  | 11.9 years |
Weighted average discount rate |  |  | 4.58 | %
In the table above, the weighted average discount rate represents our company’s incremental borrowing rate as of January 2019 for leases existing on the date of adoption of the new lease standard and at the lease inception date for leases entered into subsequent to the adoption of ASU 2016-02. Operating lease costs, included in occupancy and equipment rental in the consolidated statements of operations, were $21.0 million for the three months ended March 31, 2019 and $21.9 million for the three months ended March 31, 2018. As of March 31, 2019, the Company had a total lease portfolio of 29 aircraft engines with a net book value of $286.0 million, which is included in fixed assets, net in the consolidated statements of financial condition. As of March 31, 2019, minimum future payments under non-cancelable leases were (in thousands):
Remainder of 2019 |  | $ | 25,478 |
2020 |  |  | 22,099 |
2021 |  |  | 18,012 |
2022 |  |  | 10,004 |
2023 |  |  | 4,889 |
Thereafter |  |  | 10,420 |
|  | $ | 90,902 |
Lease income, included in other income in the consolidated statements of operations, was $8.2 million for the three months ended March 31, 2019.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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