Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Operating Leases by balance sheet location [Table Text Block]

The following table shows the details of the Company’s operating lease right-of-use asset and the associated lease liability for the period indicated:

Item	Balance Sheet Location	September 30, 2019
		(in thousands)
Operating lease asset	Other assets	$	51,295
Operating lease liability	Other liabilities	$	57,196

Lease, Cost [Table Text Block]

The following table shows the components of net lease costs:

		Three Months Ended September 30,			Nine Months Ended September 30,
Item	Statement of Income Location	2019			2019
		(in thousands)
Operating lease cost (1)	Occupancy	$	2,700		$	8,285
Variable lease cost	Occupancy	487			1,510
Sublease income	Occupancy	(297		)	(918		)
Net lease cost		$	2,890		$	8,877

__________

(1) Includes short-term lease costs, which are immaterial.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

The following table shows future minimum payments for operating leases for the remaining three months of 2019 and subsequent years:

	Year ending December 31,
	(in thousands)
2019	$	2,717
2020	10,619
2021	10,376
2022	9,795
2023	8,546
Thereafter	22,685
Total future minimum lease payments	64,738
Amounts representing interest	(7,542		)
Present value of minimum lease payments	$	57,196

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future minimum lease payments for the Company’s operating leases as of December 31, 2018, prior to the adoption of the new lease guidance were as follows:

	Year Ending December 31,
	(in thousands)
2019	$	10,947
2020	9,766
2021	8,729
2022	8,102
2023	6,796
Thereafter	18,703
Total minimum payments	$	63,043