Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

Leases

The Company's leases primarily consist of operating leases for real estate and have remaining terms of up to 15 years. Total lease costs for operating leases were $62.7 million for the year ended December 31, 2019. Total rental expense was $52.9 million and $44.6 million for the years ended December 31, 2018 and 2017, respectively, which was prior to adoption of ASU 2016-02. See note 1(y).

The following table summarizes details for the Company's operating leases recorded on the consolidated balance sheet as of December 31, 2019.

(dollars in thousands)
Right-of-use lease assets	$	232,717
Lease liabilities	$	262,139
Weighted average remaining lease term	8.5 years
Weighted average discount rate	3.3		%

The table below summarizes maturities of the Company’s operating lease liabilities as of December 31, 2019, which reconciles to total lease liabilities included in other liabilities on the Company’s consolidated balance sheet.

Years Ending December 31,	(dollars in thousands)
2020	$	49,529
2021	45,463
2022	39,519
2023	34,095
2024	26,989
2025 and thereafter	107,410
Total lease payments	303,005
Less imputed interest	(40,866		)
Total operating lease liabilities	$	262,139