Leases (Tables)

6 Months Ended

Jun. 30, 2019

Estimated lease payments for the Company’s operating leases with initial terms of one year or more as of June 30, 2019 were as follows.



($ in thousands)	Estimated Amortization Expense
July 1 to December 31, 2019	$	1,164
2020	2,332
2021	2,135
2022	1,741
2023	1,643
Thereafter	19,776
Total estimated lease payments	28,791
Less effect of discounting	(9,558		)
Present value of estimated lease payments (lease liability)	$	19,233

Future obligations for minimum rentals under noncancealable operating leases at December 31, 2018 were as follows:



($ in thousands)	Future obligations for minimum rentals under noncancelable operating leases
2019	$	2,268
2020	1,973
2021	1,344
2022	869
2023	768
Thereafter	4,082
Total estimated lease payments	$	11,304