XML 27 R18.htm IDEA: XBRL DOCUMENT

Leases	6 Months Ended
Jun. 30, 2022
Leases
Leases	Note 11 — Leases The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 19 years. In the second quarter and first half of 2022 and 2021, operating lease cost, which was the same as cash paid for operating lease liabilities totaled $277 and $255, respectively, and $556 and $513, respectively. These amounts are classified in cash flows from operating activities. As of June 30, 2022 and 2021, operating lease right-of-use assets and operating lease liabilities were $7,019 and $6,892, respectively. The weighted-average remaining lease term related to these operating leases was 7.1 years and 8.1 years as of June 30, 2022 and 2021, respectively. The weighted-average discount rate related to the Company’s operating leases was 2.0% and 2.1% as of June 30, 2022 and 2021, respectively. Maturities of the Company’s operating lease liabilities at June 30, 2022 are as follows: $442 in 2022 (rest of year), $711 in 2023, $312 in 2024, $319 in 2025, $313 in 2026 and $4,922 thereafter. The Company, as lessor, rents certain commercial real estate to third-party lessees. The June 30, 2022 and 2021 cost related to these leased properties was $51,370 and $51,402, respectively, and the accumulated depreciation related to these leased properties was $16,373 and $15,314, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-eight years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in second quarter and first half 2022 and 2021 was $1,245 and $845, respectively, and $2,458 and $2,075, respectively, and is classified in cash flows from operating activities.

Leases

6 Months Ended

Jun. 30, 2022

Note 11 — Leases

The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 19 years. In the second quarter and first half of 2022 and 2021, operating lease cost, which was the same as cash paid for operating lease liabilities totaled $277 and $255, respectively, and $556 and $513, respectively. These amounts are classified in cash flows from operating activities. As of June 30, 2022 and 2021, operating lease right-of-use assets and operating lease liabilities were $7,019 and $6,892, respectively. The weighted-average remaining lease term related to these operating leases was 7.1 years and 8.1 years as of June 30, 2022 and 2021, respectively. The weighted-average discount rate related to the Company’s operating leases was 2.0% and 2.1% as of June 30, 2022 and 2021, respectively. Maturities of the Company’s operating lease liabilities at June 30, 2022 are as follows: $442 in 2022 (rest of year), $711 in 2023, $312 in 2024, $319 in 2025, $313 in 2026 and $4,922 thereafter.

The Company, as lessor, rents certain commercial real estate to third-party lessees. The June 30, 2022 and 2021 cost related to these leased properties was $51,370 and $51,402, respectively, and the accumulated depreciation related to these leased properties was $16,373 and $15,314, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-eight years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in second quarter and first half 2022 and 2021 was $1,245 and $845, respectively, and $2,458 and $2,075, respectively, and is classified in cash flows from operating activities.