Operating Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of Supplemental Balance Sheet Information Pertaining To Operating Leases and Lease Expense

Supplemental balance sheet information pertaining to operating leases:

(dollars in thousands)	Three months ended September 30, 2019		Nine months ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities for operating leases	$	3,922	$	11,802
Right of use assets obtained in exchange for lease liabilities	$	3,343	$	121,066
			September 30, 2019
Weighted average remaining lease term (in years)				13.09
Weighted average discount rate				3.53	%

The following table sets forth the components of the Company’s lease expense for the three and nine months ended September 30, 2019.

(in thousands)	Three months ended September 30, 2019			Nine months ended September 30, 2019
Operating lease expense	$	4,286		$	12,783
Short-term lease expense		109			148
Variable lease expense		11			35
Sublease income		(70	)		(246	)
Total	$	4,336		$	12,720

Summary Maturities of Lease Liabilities and Present Value Discount

The following table sets forth the maturities of the Company’s lease liabilities and the present value discount at September 30, 2019.

(dollars in thousands)
2019	$	4,309
2020		16,543
2021		15,846
2022		15,449
2023		13,903
Thereafter		102,110
Total		168,160
Present value discount		(37,083	)
Lease liability	$	131,077