XML 84 R69.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease Liability Maturity
The following table presents the undiscounted
 
cash flows of operating and finance leases for
 
each of the following periods:
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2024
(In thousands)
Remaining
 
2024
2025
2026
2027
2028
Later
Years
Total Lease
Payments
Less: Imputed
Interest
Total
Operating Leases
$
15,604
$
28,445
$
20,048
$
14,640
$
12,181
40,793
$
131,711
$
(16,527)
$
115,184
Finance Leases
2,262
4,605
4,374
3,017
2,344
10,433
27,035
(3,031)
24,004
Leases cost
The following table presents the lease cost recognized
 
by the Corporation in the Consolidated
 
Statements of Operations as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarters ended June 30,
Six
 
months ended June 30,
(In thousands)
2024
2023
2024
2023
Finance lease cost:
Amortization of ROU assets
$
749
$
1,071
$
1,497
$
1,895
Interest on lease liabilities
226
234
463
530
Operating lease cost
7,650
7,800
15,338
15,654
Short-term lease cost
120
148
236
221
Variable lease cost
70
45
139
101
Sublease income
(21)
(17)
(41)
(26)
Total lease cost
[1]
$
8,794
$
9,281
$
17,632
$
18,375
[1]
Total lease cost
 
is recognized as part of net occupancy expense, except
 
for the net gain recognized from sale and leaseback
 
transactions which
was included as part of other operating income.
Leases supplemental information
The
 
following
 
table
 
presents
 
supplemental
 
cash
 
flow
 
information
 
and
 
other
 
related
 
information
 
related
 
to
 
operating
 
and
 
finance
leases.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
(Dollars in thousands)
2024
2023
Cash paid for amounts included in the measurement of
 
lease liabilities:
Operating cash flows from operating leases
$
15,689
$
15,480
Operating cash flows from finance leases
463
530
Financing cash flows from finance leases
1,774
2,645
ROU assets obtained in exchange for new lease obligations:
Operating leases
$
1,463
$
1,623
Finance leases
-
1,796
Weighted-average remaining lease term:
Operating leases
7.2
years
7.4
years
Finance leases
8.0
years
8.0
years
Weighted-average discount rate:
Operating leases
3.3
%
3.1
%
Finance leases
3.8
%
3.9
%