Leases

6 Months Ended

Jun. 30, 2022

Leases

Leases

8. Leases

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 6 years, with a weighted-average remaining lease term of 4 years at each of June 30, 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 and six months ended June 30, 2022 and 2021 were as follows (in thousands):

		Three Months Ended June 30,				Six Months Ended June 30,
	Classification	2022		2021		2022		2021
Operating lease costs(1)	Cost of revenues	$	618	$	450	$	1,139	$	835
Operating lease costs(1)	Selling, general and administrative expenses		67		67		140		132
Rental revenues	Interest and other income, net		(10)		(20)		(42)		(41)
Net operating lease costs		$	675	$	497	$	1,237	$	926

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

As of June 30, 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 six months ended June 30, 2022)	$	574
2023		796
2024		665
2025		432
2026		425
Thereafter		454
Total future minimum lease payments		3,346
Less imputed interest		(132)
Present value of lease liabilities	$	3,214

Supplemental cash flow information pertaining to the Company’s leasing activity for the six months ended June 30, 2022 and 2021 is as follows (in thousands):

	Six Months Ended June 30,
	2022		2021
Cash payments for operating lease liabilities	$	691	$	708
Right-of-use assets obtained in exchange for operating lease obligations	$	492	$	96