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Leases Leases
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Leases Leasing
The Company enters into leases, as lessee, primarily for office space, banking centers, and certain other operational assets. These leases are generally classified as operating leases, however, an insignificant amount are classified as finance leases. The Company's operating leases generally have lease terms for periods of 5 to 20 years with various renewal options. The Company does not have any material sub-lease agreements.
The following table summarizes lessee information related to the Company’s operating ROU assets and lease liability:
At December 31, 2019
(In thousands)Operating Leases  Consolidated Balance Sheet Line Item Location  
ROU lease assets $155,052  Premises and equipment, net
 
 
Lease liabilities174,396  Operating lease liabilities  
The components of operating lease cost and other related information are as follows:
(In thousands)At or for the Year ended December 31, 2019
Lease Cost:
Operating lease costs$29,908  
Variable lease costs4,889  
Sublease income(577) 
Total operating lease cost$34,220  
Other Information:
Cash paid for amounts included in the measurement of lease liabilities$31,223  
Right-of-use assets obtained in exchange for new operating lease liabilities22,948  
Weighted-average remaining lease term, in years8.39
Weighted-average discount rate - operating leases3.31  %
The undiscounted scheduled maturities reconciled to total operating lease liabilities are as follows:
(In thousands)At December 31, 2019
2020$28,504  
202130,070  
202226,548  
202323,647  
202420,215  
Thereafter74,134  
Total operating lease liability payments203,118  
Less: Present value adjustment28,722  
Lease liabilities$174,396  
Refer to Note 4: Loans and Leases for information relating to leases included within the equipment financing portfolio in which the Company is lessor.