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LEASES
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES LEASES
Operating lease cost was $12.3 million, $16.1 million and $10.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. For the years ended December 31, 2021, 2020 and 2019, sublease income offsetting operating lease cost was not material. Variable rent expense and short-term lease expense were not material for the years ended December 31, 2021 and 2020.

The following table presents the impact of leases on the Company's consolidated balance sheets at December 31, 2021 and 2020:
December 31,
(dollars in thousands)Location20212020
Operating lease right-of-use assetsOther assets$56,070 $73,688 
Operating lease liabilitiesOther liabilities64,823 76,837 
Future maturities of the Company's operating lease liabilities are summarized as follows:
(dollars in thousands)
Year Ended December 31,Lease Liability
2022$12,048 
20239,793 
20247,958 
20256,258 
20265,839 
Thereafter26,232 
Total lease payments$68,128 
Less: Interest(3,305)
Present value of lease liabilities$64,823 
(dollars in thousands)December 31,
Supplemental lease information
202120202019
Weighted-average remaining lease term (years)8.39.25.1
Weighted-average discount rate1.36 %1.85 %2.56 %
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)$12,334 $15,976 $9,910 
Operating cash flows from operating leases (lease liability reduction)$12,563 $14,056 $10,244 
Operating lease right-of-use assets obtained in exchange for leases entered into during the year, net of business combinations$10,426 $54,107 $5,826