Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease, Cost

The following table presents additional information pertaining to the Company’s leases:

	For the Year Ended December 31, 2021								For the Year Ended December 31, 2020
(in thousands of dollars)	Solar Panel Leases		Ground Leases		Office, equipment, and vehicle leases		Total		Solar Panel Leases		Ground Leases		Office, equipment, and vehicle leases		Total
Finance lease cost:
Amortization of right-of-use assets	$	809	$	—	$	—	$	809	$	823	$	—	$	—	$	823
Interest on lease liabilities		242		—		—		242		280		—		—		280
Operating lease costs		—		2,155		1,493		3,648		—		1,746		1,279		3,025
Variable lease costs		—		180		149		329		—		173		191		364
Total lease costs	$	1,051	$	2,335	$	1,642	$	5,028	$	1,103	$	1,919	$	1,470	$	4,492

Supplemental Cash Flows and Terms

Other information related to leases as of and for the years ended December 31, 2021 and 2020 are as follows:

(dollars in thousands)	2021			2020
Cash paid for the amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	242		$	272
Operating cash flows used for operating leases	$	2,721		$	2,106
Financing cash flows used for finance leases	$	750		$	717
Weighted average remaining lease term-finance leases (months)		75			86
Weighted average remaining lease term-operating leases (months)		291			298
Weighted average discount rate-finance leases		4.36	%		4.35	%
Weighted average discount rate-operating leases		6.43	%		6.44	%

Future Minimum Payments Against Lease Liabilities Maturity

Future payments against lease liabilities as of December 31, 2021 are as follows:

(in thousands of dollars)	Finance leases			Operating leases			Total
2022	$	988		$	2,605		$	3,593
2023		983			2,556			3,539
2024		949			2,471			3,420
2025		929			2,428			3,357
2026		925			2,429			3,354
Thereafter		1,147			48,723			49,870
Total undiscounted lease payments		5,921			61,212			67,133
Less imputed interest		(742	)		(31,672	)		(32,414	)
Total lease liabilities	$	5,179		$	29,540		$	34,719

Lessor, Operating Lease, Payments to be Received, Maturity

As of December 31, 2021, the fixed contractual lease payments, including minimum rents and fixed CAM amounts, to be received over the next five years pursuant to the terms of noncancellable operating leases with initial terms greater than one year are included in the table below. The amounts presented assume that no leases are renewed and no renewal options are exercised. Additionally, the table does not include variable lease payments that may be received under certain leases for percentage rents or the reimbursement of operating costs, such as common area expenses, utilities, insurance and real estate taxes. These variable lease payments are recognized in the period when the applicable expenditures are incurred or, in the case of percentage rents, when the sales data is made available.

(in thousands of dollars)
For the Year Ending December 31,
2022	$	184,511
2023		165,186
2024		141,650
2025		113,672
2026		94,613
2027 and Thereafter		239,886
	$	939,518