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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Additional information regarding operating leases
Additional information regarding the Company’s operating leases is as follows:
 
 
March 31,
Three Months Ended

 
2020
 
2019
Operating lease costs
 
$
7,992

 
$
7,616

Cash payments included in the measurement of lease liabilities reported in operating cash flows
 
$
8,462

 
$
6,900

Right-of-use assets obtained in exchange for new lease liabilities
 
$
3,560

 
$

Right-of-use assets (1)
 
$
127,766

 
$
140,741

Operating lease liability (1)
 
$
145,956

 
$
157,729

Weighted average discount rate
 
3.9
%
 
3.9
%
Weighted average remaining lease term
 
6.3 years

 
7.2 years

(1)
The right-of-use assets are included in ‘other assets’ while the operating lease liability is included in ‘other liabilities.’
Contractual maturities of lease liabilities
The following table presents the contractual maturities of the Company's operating lease liabilities at March 31, 2020:
Years Ending December 31,
 
 
2020 (remainder)
 
$
23,994

2021
 
31,279

2022
 
28,198

2023
 
23,692

2024
 
17,473

2025 and thereafter
 
40,124

Total undiscounted lease liability
 
$
164,760

Less: present value adjustment
 
(18,804
)
Operating lease liability
 
$
145,956