Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Lease Revenue

The components of lease revenue at NW Natural were as follows:

	Three Months Ended March 31,
In thousands	2022		2021
Lease revenue
Operating leases	$	18	$	18
Sales-type leases	4,281		4,369
Total lease revenue	$	4,299	$	4,387

Lessor, Operating Lease, Payments to be Received, Maturity

Total future minimum lease payments to be received under non-cancellable leases at March 31, 2022 are as follows:

In thousands	Operating		Sales-Type		Total
NW Natural:
Remainder of 2022	$	433	$	12,728	$	13,161
2023	74		16,557		16,631
2024	74		15,867		15,941
2025	66		15,306		15,372
2026	36		14,901		14,937
Thereafter	22		236,820		236,842
Total minimum lease payments	$	705	$	312,179	$	312,884
Less: imputed interest			174,122
Total leases receivable			$	138,057
Other (NW Holdings):
Remainder of 2022	$	38	$	—	$	38
2023	51		—		51
2024	52		—		52
2025	53		—		53
2026	56		—		56
Thereafter	914		—		914
Total minimum lease payments	$	1,164	$	—	$	1,164

NW Holdings:
Remainder of 2022	$	471	$	12,728	$	13,199
2023	125		16,557		16,682
2024	126		15,867		15,993
2025	119		15,306		15,425
2026	92		14,901		14,993
Thereafter	936		236,820		237,756
Total minimum lease payments	$	1,869	$	312,179	$	314,048
Less: imputed interest			174,122
Total leases receivable			$	138,057

Lease Expense

The components of lease expense, a portion of which is capitalized, were as follows:

	Three Months Ended March 31,
In thousands	2022		2021
NW Natural:
Operating lease expense	$	1,727	$	1,678
Short-term lease expense	$	163	$	220
Other (NW Holdings):
Operating lease expense	$	7	$	18
NW Holdings:
Operating lease expense	$	1,734	$	1,696
Short-term lease expense	$	163	$	220

Operating Lease, Lease Asset and Liabilities

Supplemental balance sheet information related to operating leases as of March 31, 2022 is as follows:

In thousands	March 31,				December 31,
	2022		2021		2021
NW Natural:
Operating lease right of use asset	$	74,361	$	76,857	$	74,987
Operating lease liabilities - current liabilities	$	1,286	$	1,167	$	1,273
Operating lease liabilities - non-current liabilities	79,125		80,358		79,431
Total operating lease liabilities	$	80,411	$	81,525	$	80,704
Other (NW Holdings):
Operating lease right of use asset	$	55	$	100	$	62

Operating lease liabilities - current liabilities	$	17	$	46	$	23
Operating lease liabilities - non-current liabilities	37		56		37
Total operating lease liabilities	$	54	$	102	$	60
NW Holdings:
Operating lease right of use asset	$	74,416	$	76,957	$	75,049
Operating lease liabilities - current liabilities	$	1,303	$	1,213	$	1,296
Operating lease liabilities - non-current liabilities	79,162		80,414		79,468
Total operating lease liabilities	$	80,465	$	81,627	$	80,764

Operating Lease, Weighted Average Remaining Term and Discount Rates [Table Text Block]

The weighted-average remaining lease terms and weighted-average discount rates for the operating leases at NW Natural were as follows:

In thousands	March 31,				December 31,
	2022		2021		2021
Weighted-average remaining lease term (years)	18.0		18.9		18.2
Weighted-average discount rate	7.2	%	7.2	%	7.2	%

Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities at March 31, 2022 were as follows:

In thousands	NW Natural		Other (NW Holdings)		NW Holdings
Remainder of 2022	$	5,235	$	18	$	5,253
2023	7,013		6		7,019
2024	7,150		6		7,156
2025	7,185		6		7,191
2026	7,353		6		7,359
Thereafter	116,432		17		116,449
Total lease payments	150,368		59		150,427
Less: imputed interest	69,957		5		69,962
Total lease obligations	80,411		54		80,465
Less: current obligations	1,286		17		1,303
Long-term lease obligations	$	79,125	$	37	$	79,162

Lessee, Leases, Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31,
In thousands	2022		2021
NW Natural:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,733	$	1,669
Finance cash flows from finance leases	$	75	$	544
Right of use assets obtained in exchange for lease obligations
Operating leases	$	14	$	154
Finance leases	$	100	$	74

Other (NW Holdings):
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	6	$	16
NW Holdings:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,739	$	1,685
Finance cash flows from finance leases	$	75	$	544
Right of use assets obtained in exchange for lease obligations
Operating leases	$	14	$	154
Finance leases	$	100	$	74