XML 84 R68.htm IDEA: XBRL DOCUMENT v3.22.1

Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Lease Liability Maturity

The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods:

March 31, 2022
(In thousands)		Remaining 2022		2023		2024		2025		2026		Later Years		Total Lease Payments		Less: Imputed Interest		Total
Operating Leases	$	22,112	$	27,896	$	26,483	$	23,555	$	15,113	$	47,965	$	163,124	$	(18,640)	$	144,484
Finance Leases		3,060		4,167		4,264		4,376		4,025		9,668		29,560		(3,895)		25,665

Leases cost

The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows:

			Quarters ended March 31,
(In thousands)			2022		2021
Finance lease cost:
	Amortization of ROU assets		$	759	$	581
	Interest on lease liabilities			308		273
Operating lease cost				7,627		7,055
Short-term lease cost				55		87
Variable lease cost				23		30
Sublease income				(9)		(19)
Total lease cost[1]			$	8,763	$	8,007
[1]	Total lease cost is recognized as part of net occupancy expense.

Leases supplemental information

The following table presents supplemental cash flow information and other related information related to operating and finance leases.

				Quarters ended March 31,
(Dollars in thousands)				2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from operating leases[1]		$	7,506		$	15,197
	Operating cash flows from finance leases			308			273
	Financing cash flows from finance leases[1]			833			1,133
ROU assets obtained in exchange for new lease obligations:
	Operating leases		$	1,553		$	2,394
Weighted-average remaining lease term:
	Operating leases			7.6	years		8.2	years
	Finance leases			8.7	years		8.9	years
Weighted-average discount rate:
	Operating leases			2.8	%		3.0	%
	Finance leases			4.4	%		5.1	%
[1]	During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network.

X

- Definition

Tabular disclosure of undiscounted cash flows of operating and finance lease liabilities. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating and finance lease liabilities recognized in statement of financial position.

+ References

No definition available.

+ Details

Name:	bpop_LeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	bpop_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cash paid for amounts included in the measurement of lease liabilities, noncash information on lease liabilities arising from obtaining ROU assets, and weighted-average remaining lease term and discount rate by lease classification.

+ References

No definition available.

+ Details

Name:	bpop_LeasesSupplementalInformationTableTextBlock
Namespace Prefix:	bpop_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration