Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Schedule of supplemental balance sheet information

Supplemental balance sheet information related to finance leases is as follows (in thousands).

	March 31,			December 31,
	2020			2019
Finance leases:
Premises and equipment	$	7,780	$	7,780
Accumulated depreciation		(4,326)		(4,178)
Premises and equipment, net	$	3,454	$	3,602

Schedule of components of lease costs

The Company does not generally enter into leases which contain variable payments, other than due to the passage of time. The components of lease costs, including short-term lease costs, are as follows (in thousands).

	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	10,630	$	10,531
Less operating lease and sublease income		(618)		(388)
Net operating lease cost	$	10,012	$	10,143
Finance lease cost:
Amortization of ROU assets	$	147	$	147
Interest on lease liabilities		144		152
Total finance lease cost	$	291	$	299

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases is as follows (in thousands):

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,951	$	8,220
Operating cash flows from finance leases		144		152
Financing cash flows from finance leases		155		144
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	4,049	$	3,591
Finance leases		—		—

Schedule of lease terms and discount rates

Information regarding the lease terms and discount rates of the Company’s leases is as follows.

	March 31, 2020
	Weighted Average
	Remaining Lease	Weighted Average
Lease Classification	Term (Years)	Discount Rate
Operating	5.9	5.19	%
Finance	6.3	4.79	%

Schedule of maturities of lease liabilities under the Leasing Standard

Future minimum lease payments under the Leasing Standard as of March 31, 2020, under lease agreements that had commenced as of or subsequent to January 1, 2019, are presented below (in thousands). The table below includes future minimum lease payments of $3.5 million at March 31, 2020 for operating lease liabilities associated with discontinued operations.

	Operating Leases		Finance Leases
2020	$	26,439	$	899
2021		30,275		1,212
2022		24,261		1,241
2023		19,415		1,280
2024		12,740		1,163
Thereafter		35,810		2,297
Total minimum lease payments	$	148,940	$	8,092
Less amount representing interest		(22,090)		(2,751)
Lease liabilities	$	126,850	$	5,341