Leases (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(In thousands)
Operating lease expense:
Fixed costs	$	8,950	$	8,347	$	26,027	$	25,183
Variable costs	15		7		40		77
Short-term lease costs	117		126		312		849
Sublease income	(1,081)		(1,010)		(3,100)		(3,190)
Net lease expense	$	8,001	$	7,470	$	23,279	$	22,919

Schedule of Cash Flow, Supplemental Disclosures

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

	Nine Months Ended
	September 30,
	2020		2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25,198	$	24,674
ROU assets obtained in exchange for lease obligations:
Operating leases	$	19,027	$	172,189

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:

	September 30,			December 31,
	2020			2019
	(Dollars in thousands)
Operating leases:
Operating lease right-of-use assets, net	$	121,887		$	129,301
Operating lease liabilities	$	142,016		$	145,354
Weighted average remaining lease term (in years)	5.9			6.1
Weighted average discount rate	2.61		%	2.82		%

Schedule of Maturities of Operating Leases

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

	September 30, 2020
	(In thousands)
Period ending December 31,
2020	$	8,729
2021	33,834
2022	28,190
2023	25,194
2024	17,989
2025 and thereafter	39,926
Total operating lease liabilities	153,862
Less: Imputed interest	(11,846)
Present value of operating lease liabilities	$	142,016

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:

	September 30, 2020
	(In thousands)
Period ending December 31,
2020	$	8,573
2021	33,629
2022	31,080
2023	23,931
2024	19,486
2025 and thereafter	34,284
Total undiscounted cash flows	$	150,983