Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Supplemental Information

The following table presents supplemental information related to operating leases as of the period indicated:

	March 31, 2019
	(dollars in thousands)
Balance Sheet:
Operating lease right of use assets	$	41,800
Operating lease liabilities	43,892
Cash Flows:
Operating cash flows from operating leases	2,545

Schedule of Minimum Contractual Lease Payments and Other Information

The following table provides information related to minimum contractual lease payments and other information associated with the Company’s leases as of March 31, 2019:

	2019		2020		2021		2022		2023		Thereafter		Total
	(dollars in thousands)
Contractual base rents (1):
Operating leases	$	10,004	$	8,550	$	8,865	$	8,511	$	7,021	$	9,689	$	52,640
Short-term leases	958		—		—		—		—		—		958
Total contractual base rents	$	10,962	$	8,550	$	8,865	$	8,511	$	7,021	$	9,689	$	53,598
Total liability to make lease payments													$	43,892
Difference in undiscounted and discounted future lease payments													$	9,706
Weighted average discount rate													6.34		%
Weighted average remaining lease term (years)													5.6
(1) Contractual base rents reflect options to extend and renewals, and do not include property taxes and other operating expenses due under respective lease agreements.

Schedule of Information Related to Minimum Contractual Lease Payments

The following table provides information related to minimum contractual lease payments for the periods indicated below as of December 31, 2018 ⁽¹⁾:

	2019		2020		2021		2022		2023		Thereafter		Total
	(dollars in thousands)
Minimum contractual lease payments	$	11,468	$	10,869	$	10,133	$	9,296	$	8,124	$	10,518	$	60,408
(1) Contractual based rents in the table above are reflective of future lease obligations under ASC 840, prior to the implementation of ASC 842. The amounts in the table above do not reflect extensions or renewals and do not include property taxes and other operating expenses due under respective lease agreements. The amounts in the table above also reflect future lease obligations for certain leases that have not yet commenced as of December 31, 2018.