Leases (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019:

	As of
	March 31, 2020	December 31, 2019
Weighted average remaining lease term (in years)	8.16	8.31
Weighted average discount rate	7.85%	7.89%

The following table presents operating lease costs recognized for the three months ended March 31, 2020 and 2019 which are included in occupancy and equipment costs on the condensed consolidated income statement:    

(Expressed in thousands)
	For the Three Months Ended March 31,
	2020		2019
Operating lease costs:
Real estate leases - Right-of-use lease asset amortization	$	5,740	$	6,332
Real estate leases - Interest expense	3,911		3,443
Equipment leases - Right-of-use lease asset amortization	473		465
Equipment leases - Interest expense	54		57

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of March 31, 2020 and December 31, 2019 are as follows:    

(Expressed in thousands)
	As of
	March 31, 2020			December 31, 2019
2020	$	31,798		$	42,585
2021	38,115			37,531
2022	33,959			33,416
2023	31,424			31,187
2024	27,463			27,234
After 2025	108,112			108,098
Total lease payments	$	270,871		$	280,051
Less interest	(73,143		)	(76,911		)
Present value of lease liabilities	$	197,728		$	203,140