Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Lease Cost

The following table presents the weighted average lease term and weighted average discount rate for our operating leases as of March 31, 2019:

	As of March 31, 2019
Weighted average remaining lease term (years)	8.76
Weighted average discount rate	7.94	%

The following table presents operating lease costs recognized for the three months ended March 31, 2019 which are included in occupancy and equipment costs on the condensed consolidated income statement:

(Expressed in thousands)	For the Three Months Ended March 31, 2019
Operating lease cost:
Real estate leases - Right-of-use lease asset amortization	$	6,332
Real estate leases - Interest expense	3,443
Equipment leases - Right-of-use lease asset amortization	465
Equipment leases - Interest expense	57

Schedule of Maturities of Lease Liabilities

The maturities of lease liabilities as of March 31, 2019 are as follows:

(Expressed in thousands)	As of March 31, 2019
2019	$	30,178
2020	40,151
2021	35,049
2022	31,503
2023	29,766
After 2024	134,299
Total lease payments	$	300,946
Less interest	(87,976		)
Present value of lease liabilities	$	212,970