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Leases (Tables)

3 Months Ended

Mar. 31, 2019

Lease Cost and Supplemental Cash Flow Information

The following table presents the components of the Corporation’s lease costs for operating leases as the lessee, which is included in net occupancy expense on the consolidated statements of income:



	Three months ended
	March 31, 2019
	(in thousands)
Operating lease expense	$	4,690
Variable lease expense	609
Sublease income	(203		)
Total lease expense	$	5,096

Supplemental cash flow information related to operating leases for the three months ended March 31, 2019 was as follows (in thousands):



	Three months ended
	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	4,639
ROU assets obtained in exchange for lease obligations	$	108,104

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in thousands, except for weighted-averages):



Operating Leases	Classification	March 31, 2019
ROU assets	Other assets	$	103,801
Lease liabilities	Other liabilities	$	110,651
Weighted-average remaining lease term		8.4 years
Weighted-average discount rate		3.08		%

Schedule of Lease Payment Obligations For Each of the Next Five Years

Lease payment obligations for each of the next five years and thereafter with a reconciliation to the Corporation's lease liability were as follows (in thousands):



Year	Operating Leases
For the nine months ending December 31, 2019	$	13,725
2020	18,094
2021	16,896
2022	15,548
2023	13,286
Thereafter	50,280
Total lease payments	127,829
Less: imputed interest	(17,178		)
Present value of lease liabilities	$	110,651