XML 37 R28.htm IDEA: XBRL DOCUMENT v3.23.1
Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Lease Cost
The following table presents the weighted average lease term and weighted average discount rate for the Company's operating leases as of March 31, 2023 and December 31, 2022, respectively:
As of
March 31, 2023December 31, 2022
Weighted average remaining lease term (in years)6.946.82
Weighted average discount rate7.03%6.66%

The following table presents operating lease costs recognized for the three months ended March 31, 2023 and March 31, 2022, respectively, which are included in occupancy and equipment costs on the condensed consolidated income statements:    
(Expressed in thousands)
For the Three Months Ended
March 31,
20232022
Operating lease costs:
   Real estate leases - Right-of-use lease asset amortization$6,439 $6,157 
   Real estate leases - Interest expense3,209 3,356 
   Equipment leases - Right-of-use lease asset amortization422 414 
   Equipment leases - Interest expense46 32 
Schedule of Maturities of Lease Liabilities
The maturities of lease liabilities as of March 31, 2023 and December 31, 2022 are as follows:    
(Expressed in thousands)
As of
March 31, 2023December 31, 2022
2023$32,656 $42,343 
202441,070 38,018 
202535,007 31,684 
202632,706 29,671 
202731,258 28,178 
After 202773,181 58,146 
Total lease payments$245,878 $228,040 
Less interest(52,528)(45,470)
Present value of lease liabilities$193,350 $182,570