Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Assets And Liabilities, Leases

The following summarizes the ROU asset and lease liabilities as of September 30, 2019:

(in thousands)	September 30, 2019
Right-of-use assets	$	112,156
Lease liabilities	131,800
Weighted average remaining lease term	7.95
Weighted average discount rate	3.14		%

Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities as of September 30, 2019 were as follows:

(in thousands)
2019	$	6,732
2020	25,895
2021	23,847
2022	21,414
2023	16,659
2024 and thereafter	55,296
Total operating lease payments	$	149,843
Less: Imputed interest	18,043
Total lease liabilities	$	131,800

Lessor, Net Investment in in Leases

The components of the Company’s net investment in leases were as follows:

(in thousands)	September 30, 2019
Lease payment receivable	$	363,224
Unguaranteed residual assets	34,991
Total net investment in leases	$	398,215

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

Maturities of the Company's lease receivables as of September 30, 2019 were as follows:

(in thousands)
2019	$	21,480
2020	82,993
2021	68,163
2022	62,809
2023	48,670
2024 and thereafter	90,277
Total future minimum lease payments	$	374,392
Less: Imputed interest	11,168
Lease receivables	$	363,224