XML 56 R42.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee, Summary of Right-of-Use Assets and Lease Liabilities The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding balance sheet location:
(amounts in thousands)ClassificationDecember 31, 2022December 31, 2021
ASSETS
Operating lease ROU assetsOther assets$16,133 $12,677 
LIABILITIES
Operating lease liabilitiesOther liabilities$19,046 $14,524 
Lease, Cost
The following table summarizes operating lease cost and its corresponding income statement location for the periods presented:
For the Years Ended December 31,
(amounts in thousands)Classification202220212020
Operating lease cost (1)(2)
Occupancy expenses$4,758 $4,545 $5,298 
(1)    There were no variable lease costs for the years ended December 31, 2022, 2021 and 2020, and sublease income for operating leases was immaterial.
(2)    Excludes operating leases of BMT included in loss from discontinued operations.
Maturities of Non-Cancelable Operating Lease Liabilities Maturities of non-cancelable operating lease liabilities were as follows at December 31, 2022:
(amounts in thousands)December 31, 2022
2023$5,350 
20244,358 
20253,291 
20262,465 
20271,941 
Thereafter3,075 
Total minimum payments20,480 
Less: interest1,434 
Present value of lease liabilities$19,046 
Summary of Lease Term and Discount Rate for Operating Leases The following table summarizes the weighted average remaining lease term and discount rate for Customers' operating leases at December 31, 2022 and 2021:
December 31, 2022December 31, 2021
Weighted average remaining lease term (years)
Operating leases5.1 years3.9 years
Weighted average discount rate
Operating leases2.85 %2.74 %
Lessor, Lease Receivables and Investment in Operating Leases and their Corresponding Balance Sheet Location The following table summarizes lease receivables and investment in operating leases and their corresponding balance sheet location at December 31, 2022 and 2021:
(amounts in thousands)ClassificationDecember 31, 2022December 31, 2021
ASSETS
Direct financing leases
Lease receivablesLoans and leases receivable$140,182 $134,855 
Guaranteed residual assetsLoans and leases receivable12,370 11,397 
Unguaranteed residual assetsLoans and leases receivable7,555 5,665 
Deferred initial direct costsLoans and leases receivable667 448 
Unearned incomeLoans and leases receivable(3,404)(5,383)
Net investment in direct financing leases$157,370 $146,982 
Operating leases
Investment in operating leasesOther assets$248,454 $158,135 
Accumulated depreciationOther assets(52,585)(40,749)
Deferred initial direct costsOther assets1,461 872 
Net investment in operating leases197,330 118,258 
Total lease assets$354,700 $265,240 
Future Minimum Rental Commitments under Non-Cancelable Leases Maturities of operating and direct financing lease receivables were as follows at December 31, 2022:
(amounts in thousands)Operating leasesDirect financing leases
2023$35,386 $38,653 
202431,887 32,796 
202528,564 24,613 
202624,177 18,775 
202716,233 14,954 
Thereafter13,104 11,563 
Total lease payments$149,351 141,354 
Less: interest1,172 
Present value of lease receivables$140,182 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity Maturities of operating and direct financing lease receivables were as follows at December 31, 2022:
(amounts in thousands)Operating leasesDirect financing leases
2023$35,386 $38,653 
202431,887 32,796 
202528,564 24,613 
202624,177 18,775 
202716,233 14,954 
Thereafter13,104 11,563 
Total lease payments$149,351 141,354 
Less: interest1,172 
Present value of lease receivables$140,182