OPERATING LEASES (Tables)

12 Months Ended

Dec. 31, 2023

OPERATING LEASES [Abstract]

Supplemental Balance Sheet Information Related To Leases [Table Text Block]

As of December 31,

2023

2022

(Dollars in thousands)

ROU asset

$

68,495

$

78,855

Operating lease liability

$

71,419

$

81,954

Operating lease weighted-average remaining lease term (in years)

7.0

7.5

Operating lease weighted-average discount rate

2.63%

2.37%

Supplemental Cash Flow Information Related To Leases [Table Text Block]

Supplemental cash flow information related to leases was as follows:

Year Ended December 31,

2023

2022

2021

(In thousands)

Operating cash flow from operating leases

(1)

$

17,307

$

18,202

$

19,328

ROU assets obtained in exchange for operating lease liabilities

 (2) (3)

$

4,960

$

5,744

$

5,833

(1)

Represents cash paid for amounts included in the measurement of operating lease liabilities.

(2)

Represents non-cash activity and, accordingly, is not reflected in the consolidated statements of cash flows.

(3)

For the years ended December 31, 2023, 2022 and 2021 excludes $

0.1

 million, $

3.0

 million, and $

1.3

 million, respectively, of lease terminations.

Maturities Under Lease Liability [Table Text Block]

Maturities under operating lease liabilities as of December 31, 2023, were as follows:

Amount

(In thousands)

2024

$

17,000

2025

15,942

2026

14,839

2027

6,768

2028

5,507

2029 and after

19,274

Total lease payments

79,330

Less: imputed interest

(7,911)

Total present value of lease liability

$

71,419