LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Costs

Lease Position as of June 30, 2019

The table below presents the lease right-of-use assets and lease liabilities recorded on the balance sheet at June 30, 2019 (dollars in thousands):

	Classification on the Balance Sheet	June 30, 2019
Assets
Operating right-of-use lease assets	Other assets	$	54,515
Liabilities
Operating lease liabilities	Accrued expenses and other liabilities	$	57,638

Weighted-average remaining lease term
Operating leases	5.8 years
Weighted-average discount rate
Operating leases	4.24	%

Lease Costs

The table below presents certain information related to the lease costs for operating leases for the three and six months ended June 30, 2019 (in thousands):

	Three Months Ended June 30,			Six Months Ended June 30,
	2019			2019
Operating lease cost (1)	$	3,858		$	7,832
Short-term lease cost (1)	99			222
Variable lease cost (1)	567			1,128
Less sublease income (1)	(231		)	(468		)
Total lease cost	$	4,293		$	8,714

⁽¹⁾ Lease expenses and sublease income are classified within occupancy and equipment expense on the Consolidated Statements of Operations.

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years beginning with 2019 and the total of the remaining years to the operating lease liabilities recorded on the Consolidated Statements of Financial Position (in thousands):

	Operating Leases
Remainder of 2019	$	7,514
2020	14,330
2021	12,611
2022	9,083
2023	6,011
Thereafter	15,659
Total minimum lease payments	65,208
Less: amount of lease payments representing interest	(7,570		)
Lease obligations	$	57,638