XML 21 R31.htm IDEA: XBRL DOCUMENT v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Components of Occupancy Expense

The following table presents the components of occupancy expense:

 

 

 

Three Months Ended March 31,

 

Lease cost:

Classification

2020

 

 

2019

 

 

 

(In thousands)

 

Operating lease cost

Occupancy

$

3,449

 

 

$

2,745

 

Operating lease cost for subleased/assigned properties

Other, net

 

536

 

 

 

573

 

Variable lease costs

Occupancy

 

16

 

 

 

124

 

Sublease income subleased/assigned properties

Other, net

 

(536

)

 

 

(573

)

Net lease cost

 

$

3,465

 

 

$

2,869

 

 

Summary of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term (in years) and weighted average discount rate were as follows:

 

 

Three Months Ended March 31,

 

 

2020

 

 

2019

 

Weighted average remaining lease term (in years)

 

13.1

 

 

 

14.2

 

Weighted average discount rate

 

5.9

%

 

 

6.0

%

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of March 31, 2020:

 

(In thousands)

 

Remainder of 2020

$

8,256

 

2021

 

11,899

 

2022

 

10,239

 

2023

 

9,994

 

2024

 

10,661

 

2025 and thereafter

 

89,343

 

Total lease payments

 

140,392

 

Less: interest

 

44,091

 

Present value of lease liabilities

$

96,301