The Company has operating leases for the use of equipment, corporate office space, and some of its terminal and distribution facilities. The leases have remaining lease terms of 0 to 8 years, with a weighted-average remaining lease term of 3 years at December 31, 2020. Some operating leases include options to extend the leases for up to 5 years. The Company’s lease calculations include the impact of options to extend when it is reasonably certain the Company will exercise the option. At January 1, 2019, upon implementation of ASU 2016-02, the liability for the Company’s operating leases was discounted to present value using a weighted-average discount rate of 3.5%. The Company used a weighted-average discount rate of 1.2% for leases entered into during 2020. Total lease and rent expense was $1,706, $2,133 and $2,260 for 2020, 2019 and 2018, respectively. The components of net operating lease costs for 2020 and 2019 were as follows (in thousands):

⁽¹⁾	Includes the costs of leases with a term of one year or less.

As of December 31, 2020, future minimum payments under operating leases that were either non-cancelable or subject to significant penalty upon cancellation, including future minimum payments under renewal options that the Company is reasonably certain to exercise, were as follows (in thousands):



2021	$	1,130
2022		599
2023		298
2024		173
2025		36
Thereafter		54
Total future minimum lease payments		2,290
Less imputed interest		(73)
Present value of lease liabilities	$	2,217

Supplemental cash flow information pertaining to the Company’s leasing activity for the years ended December 31, 2020 and 2019 was as follows (in thousands):


	Year Ended December 31,
	2020		2019
Cash payments for operating lease liabilities	$	1,486	$	1,664
Right-of-use assets obtained in exchange for operating lease obligations	$	314	$	857