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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Additional Information Regarding the Company's Real Estate Operating Leases

Rent expense is included in Other Operating Expenses in the Consolidated Statement of Income (Loss). Additional information regarding the Company’s real estate operating leases is as follows:

 

amounts in thousands

 

Three Months Ended

March 31, 2019

 

Lease cost

 

 

 

 

Operating leases

 

$

2,121

 

Variable leases

 

 

2

 

Total lease cost

 

$

2,123

 

 

 

 

 

 

Other information on operating leases

 

 

 

 

Cash payments included in the measurement of lease liabilities reported in operating cash flows

 

$

2,459

 

Weighted average discount rate

 

 

2.97

%

Weighted average remaining lease term in years

 

7.2 years

 

Schedule of Contractual Maturities of the Company's Lease Liabilities

The following table presents the contractual maturities of the Company's lease liabilities:

 

amounts in thousands

 

Real Estate

Lease Liability

 

Remainder of 2019

 

$

7,480

 

2020

 

 

9,818

 

2021

 

 

8,985

 

2022

 

 

8,090

 

2023

 

 

7,344

 

Thereafter

 

 

15,869

 

Total undiscounted lease base rent payments

 

 

57,586

 

Less: present value adjustment

 

 

3,970

 

Operating lease liability

 

$

53,616