XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.19.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2019
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | Leases The Company’s lease commitments consist primarily of leased locations under various non-cancellable operating leases that expire between 2019 and 2043. The majority of the leases contain renewal options and provisions for increases in rental rates based on an agreed upon index or predetermined escalation schedule. The following table shows the details of the Company’s operating lease right-of-use asset and the associated lease liability for the period indicated:
Item |  | Balance Sheet Location |  | June 30, 2019
|  |  |  | (in thousands)
Operating lease asset |  | Other assets |  | $ | 47,875 |
Operating lease liability |  | Other liabilities |  | $ | 53,875 |
At June 30, 2019, the Company’s operating leases have a weighted-average remaining lease term of 7.7 years and a weighted average discount rate of 3.2%. Cash paid for amounts included in the measurement of operating lease liabilities was $5.6 million for the six months ended June 30, 2019. Right-of-use assets obtained in exchange for new operating lease liabilities during the six months ended June 30, 2019 was $3.6 million. The following table shows the components of net lease costs:
|  |  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Item |  | Statement of Income Location |  | 2019 |  | 2019
|  |  |  | (in thousands)
Operating lease cost (1) |  | Occupancy |  | $ | 2,765 |  |  | $ | 5,585 |
Variable lease cost |  | Occupancy |  | 517 |  |  | 1,023 |
Sublease income |  | Occupancy |  | (306 | ) |  | (621 | )
Net lease cost |  |  |  | $ | 2,976 |  |  | $ | 5,987 |
__________ (1) Includes short-term lease costs, which are immaterial. The following table shows future minimum payments for operating leases for the remaining six months of 2019 and subsequent years:
|  | Year ending December 31,
|  | (in thousands)
2019 |  | $ | 5,494 |
2020 |  | 10,244 |
2021 |  | 9,223 |
2022 |  | 8,611 |
2023 |  | 7,332 |
Thereafter |  | 20,448 |
Total future minimum lease payments |  | 61,352 |
Amounts representing interest |  | (7,477 | )
Present value of minimum lease payments |  | $ | 53,875 |
Future minimum lease payments for the Company’s operating leases as of December 31, 2018, prior to the adoption of the new lease guidance were as follows:
|  | Year Ending December 31,
|  | (in thousands)
2019 |  | $ | 10,947 |
2020 |  | 9,766 |
2021 |  | 8,729 |
2022 |  | 8,102 |
2023 |  | 6,796 |
Thereafter |  | 18,703 |
Total minimum payments |  | $ | 63,043 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration