Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Lease Assets And Liabilities

Total recorded balances for the lease assets and liabilities are as follows:

	December 31,
(Dollars in thousands)	2020		2019
Assets:
Right-of-use assets - operating leases	$	209,932	$	197,365
Liabilities:
Lease liabilities - operating leases	259,554		218,847

Lease Expense Components

The components of our lease cost and supplemental cash flow information related to leases for the year ended December 31, 2020 and 2019 were as follows:

	December 31,
(Dollars in thousands)	2020		2019
Operating lease cost	$	69,249	$	41,049
Short-term lease cost	1,404		1,823
Variable lease cost	3,692		3,477
Less: sublease income	(2,265)		(4,492)
Total lease expense, net	$	72,080	$	41,857
Supplemental cash flows information:
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases	$	50,194	$	44,976
Noncash items during the period:
Lease obligations in exchange for obtaining right-of-use assets:
Operating leases	$	75,244	$	33,167

The table below presents additional information related to the Company's leases as of December 31, 2020 and 2019:

	December 31,
	2020		2019
Weighted-average remaining term (in years) - operating leases	6.05		6.29
Weighted-average discount rate - operating leases (1)	2.38	%	2.92	%

(1)The incremental borrowing rate used to calculate the lease liability was determined based on the facts and circumstances of the economic environment and the Company’s credit standing as of the effective date of ASC 842. Additionally, the total lease term and total lease payments were also considered in determining the rate. Based on these considerations the Company identified credit terms available under its existing credit lines which represent a collateralized borrowing rate that has varying credit terms that could be matched to total lease terms and total lease payments in ultimately determining the implied borrowing rate in each lease contract.

Lessee, Operating Lease, Liability, Maturity

The following table presents our undiscounted future cash payments for our operating lease liabilities as of December 31, 2020:

Years ended December 31, (Dollars in thousands)	Operating Leases
2021	$	51,547
2022	48,847
2023	48,190
2024	42,418
2025	32,080
2026 and thereafter	53,842
Total lease payments	$	276,924
Less: imputed interest	(17,370)
Total lease liabilities	$	259,554