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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Supplemental Information Pertaining To Operating Leases and Lease Expense

The following tables present supplemental information pertaining to operating leases at and for the year ended December 31, 2019.

 

(dollars in thousands)

 

Year Ended December 31,

2019

 

Cash paid for amounts included in the measurement of lease liabilities for

   operating leases

 

$

16,027

 

Right of use assets obtained in exchange for lease liabilities

 

 

121,066

 

 

 

 

 

 

 

 

December 31,

2019

 

Weighted average remaining lease term (in years)

 

 

12.95

 

Weighted average discount rate

 

 

3.53

%

The following table sets forth the components of the Company’s lease expense for the year ended December 31, 2019.

 

(in thousands)

 

December 31,

2019

 

Operating lease expense

 

$

18,075

 

Short-term lease expense

 

 

462

 

Variable lease expense

 

 

46

 

Sublease income

 

 

(322

)

Total

 

$

18,261

 

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 December 31, 2019.

 

(dollars in thousands)

 

 

 

 

2019

 

$

16,382

 

2020

 

 

15,947

 

2021

 

 

15,551

 

2022

 

 

13,973

 

2023

 

 

11,877

 

Thereafter

 

 

89,677

 

Total

 

 

163,407

 

Present value discount

 

 

(35,704

)

Lease liability

 

$

127,703