Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of supplemental information

The following table presents supplemental information related to operating leases as of and for three months ended:

	March 31, 2020		December 31, 2019
	(Dollars in thousands)
Balance Sheet:
Operating lease right of use assets	$	52,572	$	43,177
Operating lease liabilities	56,252		46,498
	Three Months Ended
	March 31, 2020		March 31, 2019
	(Dollars in thousands)
Cash Flows:
Operating cash flows from operating leases	$	2,257	$	2,545

Schedule of minimum contractual lease payments and other information

The following table provides information related to minimum contractual lease payments and other information associated with the Company’s leases as of March 31, 2020:

	2020		2021		2022		2023		2024		Thereafter		Total
	(Dollars in thousands)
Contractual base rents (1):
Operating leases	$	8,523	$	13,028	$	12,640	$	11,521	$	9,848	$	10,835	$	66,395
Short-term leases	127		7		—		—		—		—		134
Total contractual base rents	$	8,650	$	13,035	$	12,640	$	11,521	$	9,848	$	10,835	$	66,529
Total liability to make lease payments													$	56,252
Difference in undiscounted and discounted future lease payments													$	10,277
Weighted average discount rate													5.49		%
Weighted average remaining lease term (years)													5.8

______________________________

⁽¹⁾ Contractual base rents reflect options to extend and renewals, and do not include property taxes and other operating expenses due under respective lease agreements.

The following table provides information related to minimum contractual lease payments and other information associated with the Company’s leases as of December 31, 2019:

	2020		2021		2022		2023		2024		Thereafter		Total
	(Dollars in thousands)
Contractual base rents (1):
Operating leases	$	10,138	$	10,602	$	10,137	$	9,055	$	7,318	$	7,265	$	54,515
Short-term leases	143		7		—		—		—		—		150
Total contractual base rents	$	10,281	$	10,609	$	10,137	$	9,055	$	7,318	$	7,265	$	54,665
Total liability to make lease payments													$	46,498
Difference in undiscounted and discounted future lease payments													$	8,167
Weighted average discount rate													6.13		%
Weighted average remaining lease term (years)													5.4

______________________________

⁽¹⁾ Contractual base rents reflect options to extend and renewals, and do not include property taxes and other operating expenses due under respective lease agreements.