Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease Cost and Supplemental Information

The following table presents the components of lease expense, which is included in net occupancy expense on the consolidated statements of income (in thousands):

	2021		2020		2019
Operating lease expense	$	16,345	$	18,481	$	18,852
Variable lease expense	1,384		2,830		2,924
Sublease income	(860)		(749)		(791)
Total lease expense	$	16,869	$	20,562	$	20,985

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

	2021		2020
Cash paid for amounts included in the measurement of lease liabilities	$	19,611	$	18,973
ROU assets obtained in exchange for lease obligations	12,588		2,931

Supplemental Balance Sheet Information

Supplemental consolidated balance sheet information related to leases was as follows as of December 31 (dollars in thousands):

Operating Leases	Balance Sheet Classification	2021			2020
ROU assets	Other assets	$	82,431		$	84,227
Lease liabilities	Other liabilities	$	92,864		$	96,812
Weighted average remaining lease term		7.0 years			7.5 years
Weighted average discount rate		2.73		%	2.96		%

Lease Payment Obligations

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
2022	$	19,310
2023	18,086
2024	15,974
2025	14,099
2026	11,648
Thereafter	35,858
Total lease payments	114,975
Less: imputed interest	(22,111)
Present value of lease liabilities	$	92,864