Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

Operating lease expense was as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
Compensation and benefits	$	128	$	117	$	388	$	350
Occupancy (1)	3,736		3,739		12,801		9,793
Communication and technology	82		89		234		251
Sublease income	(143)		—		(143)		—
Total operating lease expense	$	3,803	$	3,945	$	13,280	$	10,394
(1) Occupancy includes a $1.5 million charge related to the abandonment of a leased office space during the nine months ended September 30, 2019, as discussed below.

Lessee, Operating Lease, Liability, Maturity

The table below presents the maturity of operating lease liabilities:

	As of September 30, 2019
2019 (excluding the nine months ended September 30, 2019)	$	3,955
2020	16,167
2021	16,294
2022	14,802
2023	13,245
Thereafter	60,495
Total undiscounted lease payments	$	124,958
Adjustment to discount to present value	(22,112)
Total operating lease liabilities	$	102,846

Lessee, Operating Lease, Disclosure

Other information related to leases was as follows:

	For the Nine Months Ended September 30, 2019
Weighted average discount rate	4.7		%
Weighted average remaining lease term	8.3 years
Operating cash flows for operating leases	$	10,423

Schedule of Future Minimum Rental Payments for Operating Leases

At December 31, 2018, the aggregate future minimum payments for leases for each of the following five years and thereafter are as follows:

	As of December 31, 2018
2019	$	14,123
2020	15,340
2021	15,215
2022	13,748
2023	12,378
Thereafter	57,185
Total undiscounted lease payments	$	127,989