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LEASES
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
LEASES LEASES
We have noncancellable operating leases for railcars, buildings, storage tanks, offices, railroad tracks, and land.
Six Months Ended June 30, 2020
Weighted-average discount rate
5.8 %
Weighted average remaining lease term in years
2.36
Our total lease cost consisted of the following items for the dates indicated:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
(in thousands)
Operating lease cost
$1,492  $1,484  $2,978  $2,968  
Short term lease cost
47  52  92  99  
Variable lease cost
2  —  11  —  
Sublease income
(1,342) (1,337) (2,683) (2,670) 
Total
$199  $199  $398  $397  
The maturity analysis below presents the undiscounted cash payments we expect to make each period for property that we lease from others under noncancellable operating leases as of June 30, 2020 (in thousands): 
2020$2,929  
20215,509  
20224,507  
202322  
Total lease payments
$12,967  
Less: imputed interest
(876) 
Present value of lease liabilities
$12,091  
We serve as an intermediary to assist our customers with obtaining railcars. In connection with our leasing of railcars from third parties, we simultaneously enter into lease agreements with our customers for noncancellable terms that are designed to recover our costs associated with leasing the railcars plus a fee for providing this service. In addition to these leases we also have lease income from storage tanks.
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
(in thousands, except weighted average term)
Lease income (1)
$2,366  $2,584  $4,552  $5,149  
Weighted average remaining lease term in years
2.26
         
(1)Lease income associated with crude oil storage tanks we lease to customers of our terminals totaling $1.4 million and $1.6 million for the three months ended June 30, 2020 and 2019, and $2.5 million and $3.2 million for the six months ended June 30, 2020 and 2019, respectively, is included in “Terminalling services” revenues on our consolidated statements of operations.
The maturity analysis below presents the undiscounted future minimum lease payments we expect to receive from customers each period for property they lease from us under noncancellable operating leases as of June 30, 2020 (in thousands): 
2020$4,732  
20218,290  
20225,354  
Total
$18,376  
LEASES LEASES
We have noncancellable operating leases for railcars, buildings, storage tanks, offices, railroad tracks, and land.
Six Months Ended June 30, 2020
Weighted-average discount rate
5.8 %
Weighted average remaining lease term in years
2.36
Our total lease cost consisted of the following items for the dates indicated:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
(in thousands)
Operating lease cost
$1,492  $1,484  $2,978  $2,968  
Short term lease cost
47  52  92  99  
Variable lease cost
2  —  11  —  
Sublease income
(1,342) (1,337) (2,683) (2,670) 
Total
$199  $199  $398  $397  
The maturity analysis below presents the undiscounted cash payments we expect to make each period for property that we lease from others under noncancellable operating leases as of June 30, 2020 (in thousands): 
2020$2,929  
20215,509  
20224,507  
202322  
Total lease payments
$12,967  
Less: imputed interest
(876) 
Present value of lease liabilities
$12,091  
We serve as an intermediary to assist our customers with obtaining railcars. In connection with our leasing of railcars from third parties, we simultaneously enter into lease agreements with our customers for noncancellable terms that are designed to recover our costs associated with leasing the railcars plus a fee for providing this service. In addition to these leases we also have lease income from storage tanks.
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
(in thousands, except weighted average term)
Lease income (1)
$2,366  $2,584  $4,552  $5,149  
Weighted average remaining lease term in years
2.26
         
(1)Lease income associated with crude oil storage tanks we lease to customers of our terminals totaling $1.4 million and $1.6 million for the three months ended June 30, 2020 and 2019, and $2.5 million and $3.2 million for the six months ended June 30, 2020 and 2019, respectively, is included in “Terminalling services” revenues on our consolidated statements of operations.
The maturity analysis below presents the undiscounted future minimum lease payments we expect to receive from customers each period for property they lease from us under noncancellable operating leases as of June 30, 2020 (in thousands): 
2020$4,732  
20218,290  
20225,354  
Total
$18,376