XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.22.0.1

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2021
LEASES |
LEASES | NOTE O: 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 13 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) |  | 2021 | ​ | 2020 | ​ | 2019
Operating lease cost | ​ | $ | 8,397 | ​ | $ | 9,000 | ​ | $ | 8,724
Variable lease cost | ​ |  | 50 | ​ | ​ | 53 | ​ | ​ | 18
Short-term lease cost (1) | ​ |  | 148 | ​ | ​ | 369 | ​ | ​ | 240
Total lease cost | ​ | $ | 8,595 | ​ | $ | 9,422 | ​ | $ | 8,982
​
(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) |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  | ​ |  | ​ | ​ | ​
Operating cash outflows for operating leases | ​ | $ | 8,203 | ​ | $ | 8,478
​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for lease obligations: | ​ |  | ​ | ​ | ​ | ​
Operating leases | ​ |  | 5,344 | ​ | ​ | 3,519
​ Supplemental balance sheet information related to leases is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(000’s omitted, except lease term and discount rate) |  | 2021 |  | 2020 | ​
Operating leases |  | ​ |  | ​ | ​ | ​ | ​
Operating lease right-of-use assets | ​ | $ | 31,754 | ​ | $ | 34,908 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities | ​ |  | 32,833 | ​ | ​ | 35,857 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term | ​ |  | ​ | ​ | ​ | ​ | ​
Operating leases | ​ |  | 5.4 years | ​ | ​ | 6.1 years | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average discount rate | ​ |  | ​ | ​ | ​ | ​ | ​
Operating leases | ​ |  | 2.62 | % | ​ | 2.82 | %
​ Maturities of lease liabilities as of December 31, 2021 are as follows: ​
​ | ​ | ​ | ​
(000’s omitted) |  | Operating Leases
2022 | ​ | $ | 8,729
2023 | ​ |  | 7,640
2024 | ​ |  | 5,920
2025 | ​ |  | 4,401
2026 | ​ |  | 3,062
Thereafter | ​ |  | 5,846
Total lease payments | ​ |  | 35,598
Less imputed interest | ​ |  | (2,765)
Total | ​ | $ | 32,833
​ Maturities of lease liabilities as of December 31, 2020 are as follows: ​
​ | ​ | ​ | ​
(000’s omitted) |  | Operating Leases
2021 | ​ | $ | 8,697
2022 | ​ |  | 7,505
2023 | ​ |  | 6,336
2024 | ​ |  | 4,973
2025 | ​ |  | 3,688
Thereafter | ​ |  | 8,222
Total lease payments | ​ |  | 39,421
Less imputed interest | ​ |  | (3,564)
Total | ​ | $ | 35,857
​ Included in the Company’s operating leases are related party leases where BPAS APS and OneGroup, subsidiaries of the Company, lease office space from 706 North Clinton, LLC (“706 North Clinton”), an entity the Company holds a 50% membership interest in through its subsidiary OPFC II. As of December 31, 2021, the operating lease right-of-use assets and operating lease liabilities associated with these related party leases total $4.0 million and $4.1 million, respectively. As of December 31, 2020, the operating lease right-of-use assets and operating lease liabilities associated with these related party leases total $4.5 million and $4.5 million, respectively. As of December 31, 2021, the weighted average remaining lease term and weighted average discount rate for the Company’s related party leases are 8.0 years and 3.68%, respectively. As of December 31, 2020, the weighted average remaining lease term and weighted average discount rate for the Company’s related party leases are 9.0 years and 3.68%, respectively. The maturities of the Company’s related party lease liabilities as of December 31, 2021 are as follows: ​
​ | ​ | ​ | ​
(000’s omitted) |  | 706 North Clinton, LLC
2022 | ​ | $ | 591
2023 | ​ |  | 591
2024 | ​ |  | 591
2025 | ​ |  | 605
2026 | ​ |  | 614
Thereafter | ​ |  | 1,727
Total lease payments | ​ |  | 4,719
Less imputed interest | ​ |  | (633)
Total | ​ | $ | 4,086
​ The maturities of the Company’s related party lease liabilities as of December 31, 2020 are as follows: ​
​ | ​ | ​ | ​
(000’s omitted) | ​ | 706 North Clinton, LLC
2021 |  | $ | 591
2022 |  | ​ | 591
2023 | ​ | ​ | 591
2024 | ​ | ​ | 591
2025 |  | ​ | 605
Thereafter |  | ​ | 2,341
Total lease payments |  | ​ | 5,310
Less imputed interest |  | ​ | (791)
Total | ​ | $ | 4,519
​ As of December 31, 2021, 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 operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + 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 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration