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 4 years at each of March 31, 2022 and December 31, 2021. Some operating leases include options to extend the leases for up to 5 years.

The components of lease costs for the three months ended March 31, 2022 and 2021 were as follows (in thousands):

(1)

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

As of March 31, 2022, 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):



2022 (excluding the three months ended March 31, 2022)	$	792
2023		706
2024		684
2025		457
2026		456
Thereafter		533
Total future minimum lease payments		3,628
Less imputed interest		(147)
Present value of lease liabilities	$	3,481

Supplemental cash flow information pertaining to the Company’s leasing activity for the three months ended March 31, 2022 and 2021 is as follows (in thousands):


	Three Months Ended March 31,
	2022		2021
Cash payments for operating lease liabilities	$	349	$	345
Right-of-use assets obtained in exchange for operating lease obligations	$	492	$	11