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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Components of Occupancy Expense

The following table presents the components of occupancy expense for the year ended December 31, 2019:

 

Lease cost:

Classification

2019

 

 

 

(In thousands)

 

Operating lease cost

Occupancy

$

10,875

 

Operating lease cost for subleased/assigned properties

Other, net

 

2,422

 

Variable lease costs

Occupancy

 

169

 

Sublease income for subleased/assigned properties

Other, net

 

(2,422

)

Net lease cost

 

$

11,044

 

 

 

 

 

 

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of December 31, 2019:

 

 

(In thousands)

 

2020

$

10,955

 

2021

 

11,667

 

2022

 

10,379

 

2023

 

10,149

 

2024

 

10,816

 

2025 and thereafter

 

89,690

 

Total lease payments

 

143,656

 

Less: interest

 

45,665

 

Present value of lease liabilities

$

97,991

 

 

 

 

 

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