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Leases
 12 Months Ended
Dec. 31, 2021
Entity Information [Line Items]  
Leases LEASES
LESSEE

The Company is the lessee under financing leases primarily for land. Right-of-use assets are long-term by nature. The following table summarizes the amounts recognized on the Consolidated Balance Sheets related to lease asset and liability balances as of the periods indicated (in thousands):

Consolidated Balance Sheet ClassificationDecember 31, 2021December 31, 2020
Assets
Right-of-use assets — finance leasesOther non-current assets$19,763 $— 
Liabilities
Finance lease liabilities (current)Short-term debt294 — 
Finance lease liabilities (noncurrent)Long-term debt19,469 — 
Total finance lease liabilities$19,763 $— 

The following table summarizes supplemental balance sheet information related to leases as of the periods indicated:

Lease Term and Discount RateDecember 31, 2021December 31, 2020
Weighted-average remaining lease term — finance leases
31 years
N/A
Weighted-average discount rate — finance leases
4.561%
N/A

The following table shows the future lease payments under finance leases together with the present value of the net lease payments as of December 31, 2021 for 2022 through 2026 and thereafter (in millions):

Finance Leases
2022$298 
2023955 
2024975 
2025997 
20261,019 
Thereafter35,274 
Total$39,518 
Less: Imputed interest(19,755)
Present value of lease payments$19,763 

LESSOR

The Company is the lessor under operating leases for land, office space and operating equipment. Minimum lease payments from such contracts are recognized as operating lease revenue on a straight-line basis over the lease term whereas contingent rentals are recognized when earned. Lease revenue included in the Consolidated Statements of Operations was $1.4 million, $0.9 million and $1.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. Underlying gross assets and accumulated depreciation of operating leases included in Total net property, plant and equipment on the Consolidated Balance Sheet were $4.4 million and $1.0 million, respectively, as of December 31, 2021 and $4.3 million and $0.8 million, respectively, as of December 31, 2020.

The option to extend or terminate a lease is based on customary early termination provisions in the contract. The Company has not recognized any early terminations as of December 31, 2021.
The following table shows the future minimum lease receipts through 2026 and thereafter (in thousands):
Operating Leases
2022$903 
2023906 
2024786 
2025553 
2026554 
Thereafter1,559 
Total$5,261 
Future Minimum Lease Receipts
The following table shows the future minimum lease receipts through 2026 and thereafter (in thousands):
Operating Leases
2022$903 
2023906 
2024786 
2025553 
2026554 
Thereafter1,559 
Total$5,261 
Subsidiaries [Member]  
Entity Information [Line Items]  
Leases LEASES
LESSEE

The Company is the lessee under financing leases primarily for land. Right-of-use assets are long-term by nature. The following table summarizes the amounts recognized on the Consolidated Balance Sheets related to lease asset and liability balances as of the periods indicated (in thousands):

Consolidated Balance Sheet ClassificationDecember 31, 2021December 31, 2020
Assets
Right-of-use assets — finance leasesOther non-current assets$19,763 $— 
Liabilities
Finance lease liabilities (current)Short-term debt294 — 
Finance lease liabilities (noncurrent)Long-term debt19,469 — 
Total finance lease liabilities$19,763 $— 

The following table summarizes supplemental balance sheet information related to leases as of the periods indicated:

Lease Term and Discount RateDecember 31, 2021December 31, 2020
Weighted-average remaining lease term — finance leases
31 years
N/A
Weighted-average discount rate — finance leases
4.561%
N/A

The following table shows the future lease payments under finance leases together with the present value of the net lease payments as of December 31, 2021 for 2022 through 2026 and thereafter (in millions):

Finance Leases
2022$298 
2023955 
2024975 
2025997 
20261,019 
Thereafter35,274 
Total$39,518 
Less: Imputed interest(19,755)
Present value of lease payments$19,763 

LESSOR

The Company is the lessor under operating leases for land, office space and operating equipment. Minimum lease payments from such contracts are recognized as operating lease revenue on a straight-line basis over the lease term whereas contingent rentals are recognized when earned. Lease revenue included in the Consolidated Statements of Operations was $1.4 million, $0.9 million and $1.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. Underlying gross assets and accumulated depreciation of operating leases included in Total net property, plant and equipment on the Consolidated Balance Sheet were $4.4 million and $1.0 million, respectively, as of December 31, 2021 and $4.3 million and $0.8 million, respectively, as of December 31, 2020.
The option to extend or terminate a lease is based on customary early termination provisions in the contract. The Company has not recognized any early terminations as of December 31, 2021.

The following table shows the future minimum lease receipts through 2026 and thereafter (in thousands):
Operating Leases
2022$903 
2023906 
2024786 
2025553 
2026554 
Thereafter1,559 
Total$5,261 
Future Minimum Lease Receipts
The following table shows the future minimum lease receipts through 2026 and thereafter (in thousands):
Operating Leases
2022$903 
2023906 
2024786 
2025553 
2026554 
Thereafter1,559 
Total$5,261