LEASES

12 Months Ended

Dec. 31, 2019

Operating lease cost was $10.0 million for the year ended December 31, 2019. For the year ended December 31, 2019, the Company had no sublease income offsetting operating lease cost. Variable rent expense and short-term lease expense were not material for the year ended December 31, 2019. Rental expense measured under ASC 840, Leases, amounted to approximately $7.9 million and $4.9 million for the years ended December 31, 2018 and 2017, respectively.

The following table presents the impact of leases on the Company's consolidated balance sheet at December 31, 2019:


(dollars in thousands)	Location	December 31, 2019
Operating lease right-of-use assets	Other assets	$	39,321
Operating lease liabilities	Other liabilities	42,262

Future maturities of the Company's operating lease liabilities are summarized as follows:


(dollars in thousands)
Year Ended December 31,	Lease Liability
2020	$	11,818
2021	9,988
2022	7,346
2023	5,320
2024	3,285
Thereafter	7,538
Total lease payments	$	45,295
Less: Interest	(3,033)
Present value of lease liabilities	$	42,262


Supplemental lease information (dollars in thousands)	December 31, 2019
Weighted-average remaining lease term (years)	5.1
Weighted-average discount rate	2.56		%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)	$	9,910
Operating cash flows from operating leases (lease liability reduction)	$	10,244
Operating lease right-of-use assets obtained in exchange for leases entered into during the period, net of business combinations	$	5,826