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Leases (Tables)

12 Months Ended

Dec. 31, 2019

Upon initial recognition, our ROU assets for operating and finance leases were comprised of the following:


(in thousands)	January 1, 2019 (initial recognition)

Railcar leases	$	14,255
Real Estate and other leases (1)	243
Total ROU assets	$	14,498

(1) Includes $0.2 million of finance leases for operating equipment as of January 1, 2019.

Upon initial recognition, our lease liabilities for operating and finance leases were comprised of the following:


(in thousands)	January 1, 2019 (initial recognition)
Current liabilities:
Operating leases	$	3,462
Finance leases	225
Long-term liabilities:
Operating leases	10,811

Total lease liabilities	$	14,498

The following tables summarize the ROU asset and lease liability balances for the Partnership’s operating and finance leases at December 31, 2019:

For the year ended December 31, 2019, we recognized lease expense comprised of the following components:


(in thousands)	December 31, 2019
Operating lease expense	$	3,122

Finance lease expense:
Amortization of ROU asset	$	322
Interest expense on lease liability	10

The following outlines the remaining lease terms and discount rates used in the measurement of the Partnership’s ROU assets and liabilities:


	December 31, 2019		January 1, 2019 (initial recognition)
Weighted-average remaining lease term (years)
Operating Leases	3.4		4.3
Finance Leases	2.3		0.5
Weighted-average discount rate
Operating Leases	5.1	%	5.1	%
Finance Leases	3.9	%	8.0	%

The following summarizes the remaining minimum lease payments through maturity of the Partnership’s ROU assets and liabilities at December 31, 2019:

The following summarizes the remaining minimum lease payments through maturity of the Partnership’s ROU assets and liabilities at December 31, 2019: