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Leases (Tables) | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Supplemental Balance Sheet Information | The following table represents the consolidated statements of financial condition classification of the Company’s right-of use-assets and lease liabilities at September 30, 2020 (in thousands):
|  | Classification |  | September 30, 2020 |  | December 31, 2019
Lease Right-of-Use Assets: |  |  |  |  |  |
Operating lease right-of-use assets |  | Other assets |  | $ | 41,709 |  |  | $ | 41,754 |
Lease Liabilities: |  |  |  |  |  |
Operating lease liabilities |  | Other liabilities |  | $ | 42,654 |  |  | $ | 42,815 |
Schedule of Supplemental Cash Flow and Other information Related to Leases | The following tables represent lease costs and other lease information for the Company's operating leases. The variable lease cost primarily represents variable payments such as common area maintenance and utilities (in thousands):
|  | Three months ended September 30, 2020 |  | Three months ended September 30, 2019
Lease Costs |  |  |
Operating lease cost |  | $ | 2,303 |  |  | $ | 2,127 |
Variable lease cost |  | 754 |  |  | 727 |
Total lease cost |  | $ | 3,057 |  |  | $ | 2,854 |
|  | Nine months ended September 30, 2020 |  | Nine months ended September 30, 2019
Lease Costs |  |  |
Operating lease cost |  | $ | 6,565 |  |  | $ | 6,303 |
Variable lease cost |  | 2,085 |  |  | 2,083 |
Total lease cost |  | $ | 8,650 |  |  | $ | 8,386 |
Cash paid for amounts included in the measurement of lease liabilities: |  | Nine months ended September 30, 2020 |  | Nine months ended September 30, 2019
Operating cash flows from operating leases |  | $ | 6,528 |  |  | 6,179 |
Schedule of Future Minimum Payments | Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2020 were as follows (in thousands):
|  | Operating leases
Twelve months ended: |
Remainder of 2020 |  | $ | 2,322 |
2021 |  | 7,018 |
2022 |  | 6,137 |
2023 |  | 5,622 |
2024 |  | 5,219 |
Thereafter |  | 23,584 |
Total future minimum lease payments | 49,902 |
Amounts representing interest |  | 7,248 |
Present value of net future minimum lease payments | $ | 42,654 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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