Sale-Leasebacks of Real Estate (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of outstanding sale-leaseback financing obligations

The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2020 and 2019 are as follows:

	Maturity	Interest Rate as of December 31, 2020	2020		2019
			(In thousands)
1 warehouse – 2010	7/2030	10.34%	$	18,669	$	18,994
11 warehouses – 2007	9/2027	7.00%-19.59%	93,316		96,765
3 facilities - 2007 (Agro)	7/2031	10%	67,229		—
1 facility - 2013 (Agro)	12/2033	10%	5,846		—
Total sale-leaseback financing obligations			$	185,060	$	115,759

As of December 31, 2020, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:

Years Ending December 31:	(In thousands)
2021	$	26,184
2022	27,065
2023	27,460
2024	27,787
2025	28,075
Thereafter	182,553
Total minimum payments	319,124
Interest portion	(134,064)
Present value of net minimum payments	$	185,060