LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of ROU Assets and Lease Liabilities Recorded in the Consolidated Balance Sheet

ROU assets and lease liabilities recorded in the consolidated balance sheet as of December 31, are as follows (in thousands):

	Location on Balance Sheet	2020		2019
ROU assets
Operating leases	Other Noncurrent Assets	$	1,929	$	1,863
Finance leases	Property Plant and Equipment	3,018		—
Total ROU assets		$	4,947	$	1,863
Lease liabilities
Operating leases	Other Current/Noncurrent Liabilities	$	1,917	$	1,868
Finance leases	Current Portion of Long Term Debt/ Long Term Debt	3,053		—
Total lease liabilities		$	4,970	$	1,868

Schedule of Operating Lease Maturity

The maturities of SJI’s (including SJG and all other consolidated subsidiaries) operating lease and finance lease liabilities as of December 31, 2020 are as follows (in thousands):

	Operating Leases		Finance Leases
2021	$	653	$	145
2022	465		145
2023	307		145
2024	281		145
2025	150		145
Thereafter	180		6,412
Total lease payments	2,036		7,137
Less imputed interest	119		4,084
Total lease liabilities	$	1,917	$	3,053
Included in the consolidated balance sheets
Current lease liabilities	$	619	$	—
Long-term lease liabilities	1,298		3,053
Total lease liabilities	$	1,917	$	3,053

Schedule of Lease Cost, Supplemental Cash Flow Information, and Supplemental Non-Cash Disclosures

The total operating lease costs, the components of finance lease costs, and variable lease costs for SJI for the years ended December 31 were as follows (in thousands):

	2020		2019
SJI (includes SJG and all other consolidated subsidiaries):
Total operating lease cost	$	1,339	$	1,803
Finance Lease cost:
Amortization of ROU asset	32		—
Interest expense	56		—
Variable lease cost	680		1,322
Total lease cost	$	2,107	$	3,125

The supplemental cash flow information related to operating leases for SJI (including SJG and all other consolidated subsidiaries) for the years ended December 31 were as follows (in thousands):

	2020		2019
Operating cash flows from operating leases	$	1,151	$	1,656

The following table represents the weighted-average remaining lease term and weighted-average discount rate:

Weighted average remaining lease term	December 31, 2020
SJI (includes SJG and all other consolidated subsidiaries):
Operating leases	4.7 years
Finance lease	34.7 years
Weighted average discount rate	December 31, 2020
SJI (includes SJG and all other consolidated subsidiaries):
Operating leases	3.0%
Finance lease	5.0%