Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Leases
Supplemental cash flow information. The table below presents supplemental cash flow information related to leases during the year ended December 31, 2019:

 
Year ended December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
 
Operating cash flows from operating and finance leases
$
11,143



Non-cash investing and financing activities. The Right-of-use assets obtained in exchange for lease obligations during the year ended December 31, 2019 was:

 
Year ended December 31, 2019
Operating and finance leases
$
1,784

The table below presents additional information related to our leases as of December 31, 2019:

Weighted Average Remaining Lease Term:
 
Operating leases
6.89 years

 
 
Weighted Average Discount Rate:
 
Operating leases
4.39
%
The Company’s components of lease cost for the year ended December 31, 2019 were as follows:









 
Year Ended
 
December 31, 2019
Operating lease cost
$
9,540

Short-term lease cost
142

Variable lease cost
896

Amortization of finance lease assets
129

Interest on finance lease liabilities
9

Sublease income
(95
)
Total lease cost
$
10,621

Schedule of Future Minimum Operating Lease Payments Under Operating and Finance Leases
The table below summarizes the Company’s scheduled future minimum lease payments under operating and finance leases, recorded on the Consolidated Statements of Financial Condition as of December 31, 2019:

 
Operating Leases
2020
$
8,340

2021
6,037

2022
5,372

2023
3,955

2024
3,574

Thereafter
12,175

Total lease payments
39,453

Less imputed interest
(6,367
)
Present value of lease payments
$
33,086

Schedule of Future Minimum Finance Lease Payments Under Operating and Finance Leases
 
Financing Leases
2020
$
209

2021
162

2022
44

2023
9

2024

Thereafter

Total lease payments
424

Less imputed interest

Present value of lease payments
$
424