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Leases (Tables) | 3 Months Ended
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Mar. 31, 2020
Leases [Abstract] |
Schedule of Lease Cost | The following table presents the weighted average lease term and weighted average discount rate for our operating leases as of March 31, 2020 and December 31, 2019:
| As of
| March 31, 2020 |  | December 31, 2019
Weighted average remaining lease term (in years) | 8.16 |  | 8.31
Weighted average discount rate | 7.85% |  | 7.89%
The following table presents operating lease costs recognized for the three months ended March 31, 2020 and 2019 which are included in occupancy and equipment costs on the condensed consolidated income statement:
(Expressed in thousands) |  |  |
| For the Three Months Ended March 31,
| 2020 |  | 2019
Operating lease costs: |  |  |
Real estate leases - Right-of-use lease asset amortization | $ | 5,740 |  |  | $ | 6,332 |
Real estate leases - Interest expense | 3,911 |  |  | 3,443 |
Equipment leases - Right-of-use lease asset amortization | 473 |  |  | 465 |
Equipment leases - Interest expense | 54 |  |  | 57 |
Schedule of Maturities of Lease Liabilities | The maturities of lease liabilities as of March 31, 2020 and December 31, 2019 are as follows:
(Expressed in thousands) |  |  |
| As of
| March 31, 2020 |  | December 31, 2019
2020 | $ | 31,798 |  |  | $ | 42,585 |
2021 | 38,115 |  |  | 37,531 |
2022 | 33,959 |  |  | 33,416 |
2023 | 31,424 |  |  | 31,187 |
2024 | 27,463 |  |  | 27,234 |
After 2025 | 108,112 |  |  | 108,098 |
Total lease payments | $ | 270,871 |  |  | $ | 280,051 |
Less interest | (73,143 | ) |  | (76,911 | )
Present value of lease liabilities | $ | 197,728 |  |  | $ | 203,140 |

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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=77888426&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=77888426&loc=SL77918701-209980 + Details
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