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 1 to 7 years, with a weighted-average remaining lease term of 2 years at March 31, 2021 and 3 at December 31, 2020. Some operating leases include options to extend the leases for up to 5 years. The liability for the Company’s operating leases was discounted to present value using a weighted-average discount rate of 3.4% at each of March 31, 2021 and March 31, 2020.

The components of lease costs for the three months ended March 31, 2021 and 2020 were as follows (in thousands):

⁽¹⁾	Includes the costs of leases with a term of 12 months or less.

As of March 31, 2021, 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 (excluding the three months ended March 31, 2021)	$	873
2022		590
2023		258
2024		186
2025		36
Thereafter		54
Total future minimum lease payments		1,997
Less imputed interest		(66)
Present value of lease liabilities	$	1,931

Supplemental cash flow information pertaining to the Company’s leasing activity for the three months ended March 31, 2021 and 2020 is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Cash payments for operating lease liabilities	$	345	$	447
Right-of-use assets obtained in exchange for operating lease obligations	$	11	$	—