Operating Leases (Tables)

3 Months Ended

Mar. 31, 2019

Operating Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

(dollars in thousands)	Three months ended March 31,
	2019		2018
Operating lease cost	$	1,891	$	1,912
Variable lease cost		466		586
Total Lease costs	$	2,357	$	2,498

Supplemental Cash Flows Information

(dollars in thousands)	Three months ended March 31,
	2019
Supplemental cash flows information:
Cash paid for amounts included in the measurement of
lease liabilities:
Operating cash flows from operating leases	$	1,949
Right-of-use assets obtained in exchange for lease obligations:		53,029
Weighted average remaining lease term	9.8 years
Weighted average discount rate		3.30	%

Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:

(dollars in thousands)
Year ending December 31,
2019(a)	$	5,799
2020		7,675
2021		7,613
2022		7,139
2023		6,812
Thereafter		32,254
Total lease payments	$	67,292
Less: Interest		10,569
Present value of lease liabilities	$	56,723

^(a) Excluding three months ended March 31, 2019.

Minimum Lease Payments

The following table presents the minimum annual lease payments under the terms of these leases, exclusive of renewal provisions at December 31, 2018:

(dollars in thousands)
2019	$	7,799
2020		7,622
2021		7,555
2022		7,048
2023		6,673
2024 and after		32,722
	$	69,419