The Corporation has operating leases for certain financial centers, corporate offices and land.

The following table presents the components of lease expense, which is included in net occupancy expense on the consolidated statements of income (dollars in thousands):


	2023		2022		2021
Operating lease expense	$	19,372	$	17,766	$	16,345
Variable lease expense	3,160		3,017		1,384
Sublease income	(1,111)		(964)		(860)
Total lease expense	$	21,421	$	19,819	$	16,869

Supplemental consolidated balance sheet information related to leases was as follows as of December 31 (dollars in thousands):


Operating Leases	Balance Sheet Classification	2023			2022
ROU assets	Other assets	$	88,188		$	85,103
Lease liabilities	Other liabilities	$	95,230		$	93,883
Weighted average remaining lease term		6.48 years			6.75 years
Weighted average discount rate		3.34		%	2.89		%

The discount rate used in determining the lease liability for each individual lease is the FHLB fixed advance rate which corresponds with the remaining lease term.

Supplemental cash flow information related to operating leases was as follows (dollars in thousands):


	2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	20,898	$	19,405
ROU assets obtained in exchange for lease obligations	20,184		18,715

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


Year	Operating Leases
2024	$	20,391
2025	18,299
2026	16,603
2027	14,204
2028	11,022
Thereafter	25,948
Total lease payments	106,467
Less: imputed interest	(11,237)
Present value of lease liabilities	$	95,230

As of December 31, 2023, the Corporation had not entered into any significant leases that have not yet commenced.