Operating Leases (Tables)

6 Months Ended

Jun. 30, 2020

Operating Leases [Abstract]

Other Information Related to Leases

Other information related to leases was as follows:

(dollars in thousands)	Three months ended June 30,
	2020		2019
Operating lease cost	$	1,932	$	1,930
Variable lease cost		675		509
Total Lease costs	$	2,607	$	2,439

(dollars in thousands)	Six months ended June 30,
	2020		2019
Operating lease cost	$	3,927	$	3,821
Variable lease cost		1,155		975
Total Lease costs	$	5,082	$	4,796

Supplemental Cash Flows Information

(dollars in thousands)	Six months ended June 30,
	2020			2019
Supplemental cash flows information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,010		$	3,906
Right-of-use assets obtained in exchange for lease obligations:		287		$	54,038
Weighted average remaining lease term	9.0 years			9.6 years
Weighted average discount rate		3.25	%		3.30	%

Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases as of June 30, 2020 were as follows:

(dollars in thousands)
Year ending December 31,
2020(a)	$	4,032
2021		8,062
2022		7,561
2023		7,256
2024		7,128
Thereafter		28,551
Total lease payments	$	62,590
Less: Interest		8,880
Present value of lease liabilities	$	53,710

(a) Excluding the six months ended June 30, 2020.

Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as follows:

(dollars in thousands)
Year ending December 31,
2019(a)	$	3,933
2020		7,820
2021		7,818
2022		7,300
2023		6,978
Thereafter		32,600
Total lease payments	$	66,449
Less: Interest		10,212
Present value of lease liabilities	$	56,237

(a) Excluding the six months ended June 30, 2019.