Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Occupancy Expense and Supplemental Cash Flow Information Related to Operating Leases

The following table presents supplemental cash flow information related to leases for the period indicated:

	Three Months Ended
	March 31, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,242
ROU assets obtained in exchange for lease obligations:
Operating leases	$	147,972

Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the period indicated:

	Three Months Ended
	March 31, 2019
	(In thousands)
Operating lease expense:
Fixed costs	$	8,302
Variable costs	24
Short-term lease costs	520
Sublease income	(1,126		)
Net lease expense	$	7,720

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet and other information related to operating leases as of the date indicated:

	March 31, 2019
	(Dollars in thousands)
Operating leases:
Operating lease right-of-use assets, net	$	125,402
Operating lease liabilities	$	140,392
Weighted average remaining lease term (in years)	6
Weighted average discount rate	2.92		%

Schedule of Maturities of Operating Leases

The following table presents maturities of operating lease liabilities as of the date indicated:

	March 31, 2019
	(In thousands)
Twelve Months Ending March 31,
2020	$	32,749
2021	30,238
2022	25,928
2023	20,533
2024	17,600
Thereafter	26,875
Total operating lease liabilities	153,923
Less: Imputed interest	(13,531		)
Present value of operating lease liabilities	$	140,392

Schedule of Payments to be Received on Operating Leases

The following table presents the rental payments to be received on operating leases as of the date indicated:

	March 31, 2019
	(In thousands)
Twelve Months Ending March 31,
2020	$	34,368
2021	31,432
2022	23,162
2023	17,838
2024	16,104
Thereafter	41,444
Total undiscounted cash flows	$	164,348