Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Assets And Liabilities, Leases

The following summarizes the ROU asset and lease liabilities as of December 31, 2019:

(in thousands)
Right-of-use assets	$	119,774
Lease liabilities	138,766
Weighted average remaining lease term	10.78 years
Weighted average discount rate	3.07		%

Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities as of December 31, 2019 were as follows:

(in thousands)
2020	$	25,928
2021	24,083
2022	21,663
2023	16,916
2024	12,598
2025 and thereafter	63,912
Total operating lease payments	$	165,100
Less: Imputed interest	26,334
Total lease liabilities	$	138,766

As of December 31, 2019, the Company had not entered into any material leases that had not yet commenced.

Minimum future annual rent commitments under lease agreements as of December 31, 2018 were as follows:

(in thousands)
2019	$	21,750
2020	19,991
2021	16,921
2022	14,195
2023	9,182
2024 and thereafter	34,652
	$	116,691

Lessor, Net Investment in in Leases

The components of the Company’s net investment in leases as of December 31, 2019 were as follows:

(in thousands)
Lease payment receivable	$	388,514
Unguaranteed residual assets	39,289
Total net investment in leases	$	427,803

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

Maturities of the Company's lease receivables as of December 31, 2019 were as follows:

(in thousands)
2020	$	87,184
2021	71,601
2022	65,336
2023	51,356
2024	35,746
2025 and thereafter	81,581
Total future minimum lease payments	$	392,804
Less: Imputed interest	4,290
Lease receivables	$	388,514