XML 65 R49.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases

Supplemental information related to the Company’s operating leases is as follows (in thousands):

 

 

 

Classification in

Unaudited Condensed

Consolidated Statements

of Financial Condition

 

June 30, 2020

 

 

 

December 31, 2019

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

Other assets

 

$

160,333

 

 

 

$

169,065

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Accounts payable, accrued

and other liabilities

 

$

180,908

 

 

 

$

187,398

 

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

 

 

 

 

June 30, 2020

 

December 31, 2019

Weighted-average remaining lease term

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases (years)

 

 

 

 

6.8

 

 

 

 

7.3

 

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

4.9

%

 

 

 

4.9

%

 

 

Schedule of Components of Lease Expense

The components of lease expense are as follows (in thousands):

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

Classification in

Unaudited Condensed

Consolidated Statements

of Operations

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost

 

Occupancy and equipment

 

$

10,798

 

 

$

11,903

 

 

$

20,664

 

 

$

24,137

 

 

Schedule of Maturity Analysis of Operating Lease Liabilities

The following table shows the Company’s maturity analysis of its operating lease liabilities (in thousands):

 

 

June 30, 2020

 

2020 (excluding the six months ended June 30, 2020)

 

$

16,544

 

2021

 

 

32,892

 

2022

 

 

29,819

 

2023

 

 

24,419

 

2024

 

 

19,884

 

Thereafter

 

 

124,863

 

Total

 

$

248,421

 

Interest

 

 

(67,513

)

Total

 

$

180,908

 

Schedule of Cash Flow Information Related to Lease Liabilities

The following table shows cash flow information related to lease liabilities (in thousands):

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cash paid for obligations included in the measurement of lease liabilities

 

 

 

$

10,936

 

 

$

11,132

 

 

$

20,024

 

 

$

22,904