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Leases (Notes) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Lessee Disclosure [Text Block] | Leases We have various operating leases for office space, equipment, and fleet vehicles. In addition, we have various finance leases for computer hardware. Such lease agreements, which expire at various dates through 2030, are generally renewed or replaced by similar leases. Upon adoption of ASU 2016-02 on January 1, 2019, we recorded operating lease right-of-use assets of $20.7 million with related lease liabilities of $21.0 million. The differential of $0.3 million was recognized, on an after-tax basis, as a cumulative-effect adjustment to the opening balance of retained earnings as of January 1, 2019. Financing lease right-of-use assets and the related lease liabilities were $0.9 million as of January 1, 2019. See Note 2. "Summary of Significant Accounting Policies" and Note 3. "Adoption of Accounting Pronouncements" in this Form 10-K for additional information regarding our accounting policy on leases and ASU 2016-02, respectively. The components of lease expense for the year ended December 31, 2019 were as follows:
($ in thousands) |  | 2019
Operating lease cost, included in Other insurance expenses on the Consolidated Statements of Income |  | $ | 8,808 |
Finance lease cost: |  |
Amortization of assets, included in Other insurance expenses on the Consolidated Statements of Income |  | 984 |
Interest on lease liabilities, included in Interest expense on the Consolidated Statements of Income |  | 16 |
Total finance lease cost |  | 1,000 |
Variable lease cost, included in Other insurance expenses on the Consolidated Statements of Income |  | 48 |
Short-term lease cost, included in Other insurance expenses on the Consolidated Statements of Income |  | $ | 2,165 |
The following table provides supplemental information regarding our operating and finance leases.
|  | December 31, 2019
Weighted-average remaining lease term |  |  |
Operating leases |  | 6 | years
Finance leases |  | 2 |
Weighted-average discount rate |  |  |
Operating leases |  | 3.4 | %
Finance leases 1 |  | 2.1 |
1 Prior to adoption of ASU 2016-02, our historical capital lease liabilities and assets were measured using an un-discounted cash flow stream due to immateriality of the capital lease population. Operating and finance lease asset and liability balances are included within the following line items on the Consolidated Balance Sheets:
($ in thousands) | December 31, 2019
Operating leases |
Other assets | $ | 26,535 |
Other liabilities | 27,506 |
Finance leases |
Property and equipment - at cost, net of accumulated depreciation and amortization | 731 |
Long-term debt | $ | 737 |
At December 31, 2019, the maturities of our lease liabilities were as follows:
($ in thousands) |  | Finance Leases | Operating Leases | Total
Year ended December 31, |  |  |  |
2020 |  | $ | 451 |  | 8,244 |  | 8,695 |
2021 |  | 248 |  | 6,168 |  | 6,416 |
2022 |  | 54 |  | 4,590 |  | 4,644 |
2023 |  | — |  | 3,329 |  | 3,329 |
2024 |  | — |  | 2,920 |  | 2,920 |
Thereafter |  | — |  | 8,638 |  | 8,638 |
Total lease payments |  | 753 |  | 33,889 |  | 34,642 |
Less: imputed interest |  | 16 |  | 2,995 |  | 3,011 |
Less: leases that have not yet commenced |  | — |  | 3,388 |  | 3,388 |
Total lease liabilities |  | $ | 737 |  | 27,506 |  | 28,243 |
At December 31, 2018, the maturities of our lease liabilities for capital and operating leases were as follows:
($ in thousands) |  | Capital Leases | Operating Leases | Total
2019 |  | $ | 728 |  | 7,762 |  | 8,490 |
2020 |  | 141 |  | 7,355 |  | 7,496 |
2021 |  | 22 |  | 5,083 |  | 5,105 |
2022 |  | — |  | 3,641 |  | 3,641 |
2023 |  | — |  | 2,900 |  | 2,900 |
Thereafter |  | — |  | 9,698 |  | 9,698 |
Total minimum payment required |  | $ | 891 |  | 36,439 |  | 37,330 |
Refer to Note. 4 "Statements of Cash Flows" in this Form 10-K for supplemental cash and non-cash transactions included in the measurement of operating and finance lease liabilities.

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- Definition The entire disclosure for finance and operating leases of a lessee + References No definition available. + Details
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