XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.19.1

LEASES | 3 Months Ended
--- | ---
Mar. 31, 2019
LEASES [Abstract] |
LEASES | NOTE G: LEASES The Company has operating leases for certain offices and certain equipment. These leases have remaining terms that range from less than one year to 16 years. Options to extend the leases range from a single extension option of one year to multiple extension options for up to 40 years. Certain agreements include an option to terminate the lease within one year. The components of lease expense are as follows:
(000’s omitted) |  | Three Months Ended March 31, 2019 |
Operating lease cost |  | $ | 2,117 |
Short-term lease cost (1) |  |  | 54 |
Total lease cost |  | $ | 2,171 |
(1) | Short-term lease cost includes the cost of leases with terms of twelve months or less, excluding leases with terms of one month or less.
Supplemental cash flow information related to leases is as follows:
(000’s omitted) |  | Three Months Ended March 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows for operating leases |  | $ | 2,030 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  |  | 2,969 |
Supplemental balance sheet information related to leases is as follows:
(000’s omitted, except lease term and discount rate) |  | Three Months Ended March 31, 2019 |
Operating leases |  |  |
Operating lease right-of-use assets |  | $ | 34,956 |
Operating lease liabilities |  |  | 35,630 |
Weighted average remaining lease term |  |  |
Operating leases |  | 6.7 years |
Weighted average discount rate |  |  |  |
Operating leases |  |  | 3.26 | %
Maturities of lease liabilities as of March 31, 2019 are as follows:
(000’s omitted) |  | Operating Leases |
Apr - Dec 2019 |  | $ | 6,534 |
2020 |  |  | 7,967 |
2021 |  |  | 6,396 |
2022 |  |  | 5,143 |
2023 |  |  | 3,393 |
Thereafter |  |  | 10,653 |
Total lease payments |  |  | 40,086 |
Less imputed interest |  |  | (4,456 | )
Total |  | $ | 35,630 |
Included in the Company’s operating leases are related party leases where BPAS Actuarial & Pension Services, LLC and OneGroup NY, Inc., subsidiaries of the Company, lease office space from 706 North Clinton, LLC., an entity the Company holds a 50% membership interest in through its subsidiary Oneida Preferred Funding II, LLC. The operating lease right-of-use assets and operating lease liabilities associated with these related party leases total $5.2 million and $5.2 million, respectively. The weighted average remaining lease term and weighted average discount rate for these leases are 10.7 years and 3.67%, respectively. The maturities of the Company’s related party lease liabilities as of March 31, 2019 are as follows:
(000’s omitted) |  | 706 North Clinton, LLC |
Apr - Dec 2019 |  | $ | 443 |
2020 |  |  | 591 |
2021 |  |  | 591 |
2022 |  |  | 591 |
2023 |  |  | 591 |
Thereafter |  |  | 3,538 |
Total lease payments |  |  | 6,345 |
Less imputed interest |  |  | (1,105 | )
Total |  | $ | 5,240 |
As of March 31, 2019, the Company has an immaterial amount of additional operating leases for offices and equipment that have not yet commenced.

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 lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration