Leases Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The following table presents operating lease costs recognized for the year ended December 31, 2019, which are included in occupancy and equipment costs on the consolidated statements of income:    

(Expressed in thousands)
	For the Year Ended December 31, 2019
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	23,308
Real estate leases - Interest expense	15,815
Equipment leases - Right-of-use lease asset amortization	1,878
Equipment leases - Interest expense	227

The following table presents the weighted average lease term and weighted average discount rate for our operating leases as of December 31, 2019:

	As of December 31, 2019
Weighted average remaining lease term (in years)	8.31
Weighted average discount rate	7.89%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The maturities of lease liabilities as of December 31, 2019 are as follows:    

(Expressed in thousands)
	As of December 31, 2019
2020	$	42,585
2021	37,531
2022	33,416
2023	31,187
2024	27,234
After 2025	108,098
Total lease payments	$	280,051
Less interest	(76,911		)
Present value of lease liabilities	$	203,140

Other Commitments [Table Text Block]

Lease Commitments

The Company and its subsidiaries have operating leases for office space, equipment and furniture and fixtures expiring at various dates through 2034. Future minimum rental commitments under such office and equipment leases as of December 31, 2019 are as follows:

(Expressed in thousands)
	As of December 31, 2019
2020	$	42,635
2021	38,361
2022	34,442
2023	32,238
2024	28,309
2025 and thereafter	115,230
	$	291,215

The above table includes leases which have been signed by the Company in which the Company is responsible for rent charges associated with its occupancy.