Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Lease Related Assets and Liabilities

The following table presents the lease related assets and liabilities recorded on the Consolidated Balance Sheet:

($ in thousands)	Classification on the Consolidated Balance Sheet	March 31, 2019
Assets:
Operating lease assets	Operating lease right-of use assets	$	104,289
Finance lease assets	Premises and equipment	8,199
Total lease assets		$	112,488
Liabilities:
Operating lease liabilities	Operating lease liabilities	$	112,843
Finance lease liabilities	Long-term debt and finance lease liabilities	5,533
Total lease liabilities		$	118,376

Schedule of Lease Costs

The following table presents the components of lease expense for operating and finance leases during the three months ended March 31, 2019:

($ in thousands)	Three Months Ended March 31, 2019
Operating lease cost	$	8,980
Finance lease cost:
Amortization of right-of-use assets	202
Interest on lease liabilities	46
Variable lease cost	30
Sublease income	(32		)
Net lease cost	$	9,226

Schedule of Supplemental Lease Information

The following table presents the supplemental cash flow information related to leases during the three months ended March 31, 2019:

($ in thousands)	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,175
Operating cash flows from finance leases	$	46
Financing cash flows from finance leases	$	217
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	3,678

The following table presents the weighted average remaining lease terms and discount rates related to leases as of March 31, 2019:

($ in thousands)	March 31, 2019
Weighted-average remaining lease term:
Operating leases	5.0 years
Finance leases	16.1 years
Weighted-average discount rate:
Operating leases	3.24	%
Finance leases	3.29	%

Schedule of Finance Leases, Undiscounted Cash Flow Maturities

The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as March 31, 2019:

($ in thousands)	Operating Leases			Finance Leases
Remainder of 2019	$	23,357		$	782
2020	28,029			997
2021	23,359			977
2022	16,542			638
2023	10,675			349
Thereafter	20,548			3,450
Total minimum lease payments	$	122,510		$	7,193
Less: imputed interest	(9,667		)	(1,660		)
Present value of lease liabilities	$	112,843		$	5,533

Schedule of Operating Leases, Undiscounted Cash Flow Maturities

The following table presents a maturity analysis of the Company’s operating and finance lease liabilities as March 31, 2019:

($ in thousands)	Operating Leases			Finance Leases
Remainder of 2019	$	23,357		$	782
2020	28,029			997
2021	23,359			977
2022	16,542			638
2023	10,675			349
Thereafter	20,548			3,450
Total minimum lease payments	$	122,510		$	7,193
Less: imputed interest	(9,667		)	(1,660		)
Present value of lease liabilities	$	112,843		$	5,533

Schedule of Net Investment and Lease Income of Direct Financing Leases

The table below presents certain information related to the components of the net investment in direct financing leases as of March 31, 2019 and the lease income for direct financing leases during the three months ended March 31, 2019:

($ in thousands)	Direct Financing Leases
As of March 31, 2019
Lease receivables	$	140,001
Unguaranteed residual assets	14,486
Net investment in direct financing leases	$	154,487
Three Months Ended March 31, 2019
Interest income	$	1,541

Schedule of Direct Financing Leases Undiscounted Future Minimum Rental Payments

Future minimum rental payments to be received under non-cancellable direct financing leases are estimated as follows:

($ in thousands)	Direct Financing Leases
Remainder of 2019	$	20,374
2020	27,027
2021	25,046
2022	17,651
2023	11,454
Thereafter	18,981
Total minimum lease payments	$	120,533
Less: imputed interest	(12,626		)
Present value of lease receivables	$	107,907