XML 69 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
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 sheets as of December 31, are as follows (in thousands):
Location on Balance Sheet20212020
ROU assets
   Operating leasesOther Noncurrent Assets$16,733 $1,929 
   Finance leasesProperty Plant and Equipment5,589 3,018 
Total ROU assets$22,322 $4,947 
Lease liabilities
   Operating leasesOther Current/Noncurrent Liabilities$16,812 $1,917 
   Finance leasesCurrent Portion of Long Term Debt/ Long Term Debt 5,638 3,053 
Total lease liabilities$22,450 $4,970 
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, 2021 are as follows (in thousands):

 Operating Leases
  Finance Leases
2022$1,127 $248 
20231,262 250 
20241,245 252 
20251,130 253 
2026896 255 
Thereafter25,614 10,366 
Total lease payments31,274 11,624 
Less imputed interest14,462 5,986 
Total lease liabilities$16,812 $5,638 
Included in the consolidated balance sheets
Current lease liabilities$753 $5 
Long-term lease liabilities 16,059 5,633 
Total lease liabilities$16,812 $5,638 
Schedule of Finance Lease Maturity The maturities of SJI’s (including SJG and all other consolidated subsidiaries) operating lease and finance lease liabilities as of December 31, 2021 are as follows (in thousands):

 Operating Leases
  Finance Leases
2022$1,127 $248 
20231,262 250 
20241,245 252 
20251,130 253 
2026896 255 
Thereafter25,614 10,366 
Total lease payments31,274 11,624 
Less imputed interest14,462 5,986 
Total lease liabilities$16,812 $5,638 
Included in the consolidated balance sheets
Current lease liabilities$753 $5 
Long-term lease liabilities 16,059 5,633 
Total lease liabilities$16,812 $5,638 
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):
20212020
SJI (includes SJG and all other consolidated subsidiaries):
Total operating lease cost$570 $1,339 
Finance lease costs:
   Amortization of ROU assets71 32 
   Interest expense 190 56 
Variable lease cost162 680 
Total lease cost$993 $2,107 
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):

20212020
Operating cash flows from operating leases
$1,076 $1,151 
Operating cash flows from finance leases
$190 $64 
Financing cash flows from finance leases
$55 $— 



20212020
ROU assets obtained in exchange for operating lease liabilities
$15,028 $— 
ROU assets obtained in exchange for finance lease liabilities
$2,625 $3,057 
Minimum future rentals to be received
The future minimum payments to be recovered by SJG on this operating lease are follows (in thousands):

Year ended December 31,
2022$1,965 
2023$1,965 
2024$1,965 
2025$1,965 
2026$1,965 
Thereafter$8,841 
Total$18,666