Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

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

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	(In thousands)
Operating lease expense:
Fixed costs	$	8,832	$	8,534	$	17,077	$	16,836
Variable costs	12		46		25		70
Short-term lease costs	102		203		194		723
Sublease income	(1,003)		(1,054)		(2,019)		(2,180)
Net lease expense	$	7,943	$	7,729	$	15,277	$	15,449

Schedule of Cash Flow, Supplemental Disclosures

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

	Six Months Ended
	June 30,
	2020		2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,519	$	16,408
ROU assets obtained in exchange for lease obligations:
Operating leases	$	14,542	$	149,621

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 dates indicated:

	June 30,			December 31,
	2020			2019
	(Dollars in thousands)
Operating leases:
Operating lease right-of-use assets, net	$	125,325		$	129,301
Operating lease liabilities	$	145,261		$	145,354
Weighted average remaining lease term (in years)	6.0			6.1
Weighted average discount rate	2.67		%	2.82		%

Schedule of Maturities of Operating Leases

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

	June 30, 2020
	(In thousands)
Period ending December 31,
2020	$	17,487
2021	33,171
2022	27,289
2023	24,265
2024	17,032
2025 and thereafter	38,940
Total operating lease liabilities	158,184
Less: Imputed interest	(12,923)
Present value of operating lease liabilities	$	145,261

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:

	June 30, 2020
	(In thousands)
Period ending December 31,
2020	$	20,056
2021	37,745
2022	31,705
2023	24,213
2024	19,562
2025 and thereafter	34,266
Total undiscounted cash flows	$	167,547