Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Lease Cost

The following table presents the weighted average lease term and weighted average discount rate for our operating leases as of June 30, 2019:

	As of June 30, 2019
Weighted average remaining lease term (in years)	8.61
Weighted average discount rate	7.92%

The following table presents operating lease costs recognized for the three and six months ended June 30, 2019 which are included in occupancy and equipment costs on the condensed consolidated income statement:    

(Expressed in thousands)
	For the Three Months Ended June 30, 2019		For the Six Months Ended June 30, 2019
Operating lease cost:
Real estate leases - Right-of-use lease asset amortization	$	5,712	$	12,044
Real estate leases - Interest expense	4,204		7,647
Equipment leases - Right-of-use lease asset amortization	474		939
Equipment leases - Interest expense	57		114

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of June 30, 2019 are as follows:    

(Expressed in thousands)
	As of June 30, 2019
2019	$	20,764
2020	41,076
2021	35,997
2022	32,125
2023	30,095
After 2024	134,370
Total lease payments	$	294,427
Less interest	(84,172		)
Present value of lease liabilities	$	210,255