Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2019:

	As of September 30, 2019
Weighted average remaining lease term (in years)	8.45
Weighted average discount rate	7.91%

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

(Expressed in thousands)
	For the Three Months Ended		For the Nine Months Ended
	September 30, 2019
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	5,696	$	17,740
Real estate leases - Interest expense	4,145		11,792
Equipment leases - Right-of-use lease asset amortization	462		1,401
Equipment leases - Interest expense	57		171

Schedule of Maturities of Lease Liabilities

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

(Expressed in thousands)
	As of September 30, 2019
2019	$	11,076
2020	42,127
2021	37,087
2022	33,149
2023	31,004
After 2024	135,147
Total lease payments	$	289,590
Less interest	(80,842		)
Present value of lease liabilities	$	208,748