Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Cost and Supplemental Cash Flow Information

The following table presents the components of the Corporation’s lease costs for operating leases as the lessee, which is included in net occupancy expense on the consolidated statements of income (in thousands):

	Three months ended			Six months ended
	June 30, 2019			June 30, 2019
Operating lease expense	$	4,796		$	9,486
Variable lease expense	761			1,370
Sublease income	(168		)	(371		)
Total lease expense	$	5,389		$	10,485

Supplemental cash flow information related to operating leases was as follows (in thousands):

	Six months ended
	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	9,269
ROU assets obtained in exchange for lease obligations	$	111,995

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in thousands, except for weighted-averages):

Operating Leases	Classification	June 30, 2019
ROU assets	Other assets	$	104,046
Lease liabilities	Other liabilities	$	110,987
Weighted-average remaining lease term		8.4 years
Weighted-average discount rate		3.06		%

Schedule of Lease Payment Obligations For Each of the Next Five Years

Lease payment obligations for each of the next five years and thereafter with a reconciliation to the Corporation's lease liability were as follows (in thousands):

Year	Operating Leases
For the six months ending December 31, 2019	$	9,390
2020	18,607
2021	17,400
2022	16,052
2023	13,804
Thereafter	52,664
Total lease payments	127,917
Less: imputed interest	(16,930		)
Present value of lease liabilities	$	110,987