Leases (Tables)

3 Months Ended

Mar. 31, 2020

The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.


	March 31, 2020		December 31, 2019
	(Dollars in thousands)
Lease Assets and Liabilities
ROU assets	$	16,917	$	18,522
Total lease liabilities	$	19,484	$	21,392

	Three Months Ended March 31,
	2020		2019
	(Dollars in thousands)
Lease Cost
Operating lease expense (1)	$	1,623	$	2,100
Sublease income		-		-

Total lease expense	$	1,623	$	2,100

(1)

Includes short-term leases and variable lease costs, which are immaterial.


Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases, net	$	1,935		$	2,746

	March 31, 2020			December 31, 2019
Lease Term and Discount Rate
Weighted average remaining lease term (years)		3.99			4.18
Weighted average discount rate		3.34	%		3.34	%

The future lease payments required for leases that have initial or remaining

non-cancelable

lease terms in excess of one year as of March 31, 2020, excluding property taxes and insurance, are as follows:


	March 31, 2020
	(Dollars in thousands)
Year:
2020 (excluding the three months ended March 31, 2020)	$	5,179
2021		5,509
2022		4,322
2023		2,540
2024		1,495
Thereafter		1,781

Total future lease payments		20,826
Less: Imputed interest		(1,342	)

Present value of lease liabilities	$	19,484