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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Components of Occupancy Expense

The following table presents the components of occupancy expense for the three and six months ended June 30, 2019:

Lease cost:

Classification

Three Months Ended June 30, 2019

 

 

Six Months Ended June 30, 2019

 

 

 

(In thousands)

 

Operating lease cost

Occupancy

$

2,656

 

 

$

5,401

 

Operating lease cost for subleased/assigned properties

Other, net

 

583

 

 

 

1,156

 

Variable lease costs

Occupancy

 

31

 

 

 

155

 

Sublease income subleased/assigned properties

Other, net

 

(583

)

 

 

(1,156

)

Net lease cost

 

$

2,687

 

 

$

5,556

 

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of June 30, 2019:

 

(In thousands)

 

Remainder of 2019

$

1,454

 

2020

 

11,145

 

2021

 

10,109

 

2022

 

9,064

 

2023

 

8,734

 

2024 and thereafter

 

96,200

 

Total lease payments

 

136,706

 

Less: interest

 

46,994

 

Present value of lease liabilities

$

89,712

 

 

 

 

 

Summary of Minimum Lease Commitments

Minimum lease commitments as of December 31, 2018 that had an initial term or remaining lease term in excess of one-year are as follows:

 

(In thousands)

 

2019

$

9,764

 

2020

 

10,919

 

2021

 

10,114

 

2022

 

9,067

 

2023

 

8,738

 

2024 and thereafter

 

95,467

 

 

$

144,069