Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

LEASES

The Company as a Lessor:

Lease income for operating and direct financing leases for the periods presented are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Real estate income:
Operating leases	$	2,401	$	2,275	$	4,785	$	4,548
Direct financing leases	599		676		1,221		1,368
Total real estate income	$	3,000	$	2,951	$	6,006	$	5,916

The Company leases buildings in Olympia, Washington, Elk Grove, Illinois and Commerce, California that are subleased or partly subleased to a third party. The subleases are classified as operating leases under ASC 842. The underlying assets are presented in the condensed consolidated balances sheets as follows:

	June 30, 2023		December 31, 2022
Right-of-use assets	$	35,518	$	36,596
Current portion of lease liability	$	1,655	$	1,568
Long-term portion of lease liability	$	31,342	$	31,904

The Company also leases a building in Elma, Washington that is subleased to a third party. This sublease is classified as a finance lease. A reconciliation of the lease receivables is as follows:

	June 30, 2023		December 31, 2022
Balance, December 31, 2022	$	9,421	$	10,378
Interest	1,221		2,673
Lease payments received	(1,891)		(3,630)
Balance, June 30, 2023	8,751		9,421
Less current portion	(3,900)		(3,810)
Long-term lease receivables	$	4,851	$	5,611