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Organization, Business Environment and Basis of Presentation - (Tables)
9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Right of Use Asset and Lease Liability
The adoption resulted in the recognition of a cumulative-effect adjustment to the opening balance of Retained earnings, the recognition of a gross ROU asset and lease liability, and the reclassification of existing balances for our leases as follows:
 
Balances as of December 31, 2018 (1)
 
Recognition of Gross ROU Asset and Lease Liability
 
Reclassification of Existing Balances
 
Balances
January 1, 2019 after Transition Adjustments (2)
Premises and Equipment:
 
 
 
 
 
 
 
Right-of-use assets
$

 
$
66,231

 
$
(21,438
)
 
$
44,793

Other Assets:
 
 
 
 
 
 
 
Prepaid expenses (rent)
977

 

 
(977
)
 

Other Liabilities:
 
 
 
 
 
 
 
Liability for lease abandonments and deferred rent
(5,498
)
 

 
5,498

 

Lease liability

 
(66,247
)
 
977

 
(65,270
)
Liabilities related to discontinued operations:
 
 
 
 
 
 
 
Liability for lease abandonments (3)
(15,940
)
 

 
15,940

 

Retained Earnings:
 
 
 
 
 
 
 
Cumulative effect of adopting ASU 2016-02

 
16

 

 
16

(1)
Represents amounts related to leases impacted by the adoption of this ASU that were included in our December 31, 2018 consolidated balance sheet.
(2)
ROU assets as of January 1, 2019 after transition adjustments includes $30.4 million related to premises located in the U.S., $13.6 million related to premises located in India and the Philippines, and $0.7 million related to equipment.
(3)
Represents lease impairments recognized by PHH prior to the acquisition.
Schedule of Maturity Analysis of our Lease Liability
A maturity analysis of our lease liability as of September 30, 2019 is summarized as follows:
Annual obligation for the twelve months ended September 30,
 
2020
$
17,534

2021
15,533

2022
14,215

2023
5,182

2024
1,089

Thereafter
829

 
54,382

Less: Adjustment to present value
(6,136
)
Total lease payments, net
$
48,246