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LEASES
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES LEASES
Lessee
We have noncancelable operating leases for railcars, buildings, storage tanks, offices, railroad tracks, and land. Refer to Note 2. Summary of Significant Accounting Policies for additional discussion of our lease policies.
For the Year Ended December 31, 2021
Weighted-average discount rate
5.8 %
Weighted average remaining lease term in years
2.24 years
Our total lease cost consisted of the following items for the dates indicated:
For the Year Ended December 31,
202120202019
(in thousands)
Operating lease cost
$6,018 $5,940 $5,935 
Short term lease cost
138 180 196 
Variable lease cost
54 16 6 
Sublease income
(5,395)(5,372)(5,344)
Total
$815 $764 $793 
The maturity analysis below presents the undiscounted cash payments we expect to make each period for property that we lease from others under noncancelable operating leases as of December 31, 2021 (in thousands): 
2022$4,859 
2023147 
2024115 
2025114 
2026117 
Thereafter
505 
Total lease payments
$5,857 
Less: imputed interest
(390)
Present value of lease liabilities
$5,467 
Lessor
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 noncancelable 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 and lease income from the new related party terminalling services agreement associated with transloading renewable diesel at our West Colton Terminal that commenced in December 2021. Refer to Note 13. Transactions with Related Parties for additional discussion.
For the Year Ended December 31,
202120202019
(in thousands, except lease term)
Lease income (1)
$8,560 $9,295 $9,509 
Weighted average remaining lease term in years
3.70 years
    
(1)    Lease income presented above includes lease income from related parties. Refer to Note 13. Transactions with Related Parties for additional discussion of lease income from a related party. In addition, lease income as discussed above totaling $4.6 million, $5.3 million and $5.5 million for the years ended December 31, 2021, 2020, and 2019, respectively, is included in “Terminalling services” and “Terminalling services — related party” revenues on our consolidated statement 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 noncancelable operating leases as of December 31, 2021 (in thousands): 
2022$8,315 
20232,656 
20242,663 
20252,656 
20262,430 
Thereafter
— 
Total
$18,720 
LEASES LEASES
Lessee
We have noncancelable operating leases for railcars, buildings, storage tanks, offices, railroad tracks, and land. Refer to Note 2. Summary of Significant Accounting Policies for additional discussion of our lease policies.
For the Year Ended December 31, 2021
Weighted-average discount rate
5.8 %
Weighted average remaining lease term in years
2.24 years
Our total lease cost consisted of the following items for the dates indicated:
For the Year Ended December 31,
202120202019
(in thousands)
Operating lease cost
$6,018 $5,940 $5,935 
Short term lease cost
138 180 196 
Variable lease cost
54 16 6 
Sublease income
(5,395)(5,372)(5,344)
Total
$815 $764 $793 
The maturity analysis below presents the undiscounted cash payments we expect to make each period for property that we lease from others under noncancelable operating leases as of December 31, 2021 (in thousands): 
2022$4,859 
2023147 
2024115 
2025114 
2026117 
Thereafter
505 
Total lease payments
$5,857 
Less: imputed interest
(390)
Present value of lease liabilities
$5,467 
Lessor
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 noncancelable 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 and lease income from the new related party terminalling services agreement associated with transloading renewable diesel at our West Colton Terminal that commenced in December 2021. Refer to Note 13. Transactions with Related Parties for additional discussion.
For the Year Ended December 31,
202120202019
(in thousands, except lease term)
Lease income (1)
$8,560 $9,295 $9,509 
Weighted average remaining lease term in years
3.70 years
    
(1)    Lease income presented above includes lease income from related parties. Refer to Note 13. Transactions with Related Parties for additional discussion of lease income from a related party. In addition, lease income as discussed above totaling $4.6 million, $5.3 million and $5.5 million for the years ended December 31, 2021, 2020, and 2019, respectively, is included in “Terminalling services” and “Terminalling services — related party” revenues on our consolidated statement 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 noncancelable operating leases as of December 31, 2021 (in thousands): 
2022$8,315 
20232,656 
20242,663 
20252,656 
20262,430 
Thereafter
— 
Total
$18,720