The Company has operating leases for the use of equipment, corporate office space, and some of its terminal and distribution facilities. The leases have remaining lease terms of 1 to 7 years, with a weighted-average remaining lease term of 2 years at June 30, 2021 and 3 years at December 31, 2020. Some operating leases include options to extend the leases for up to 5 years. The liability for the Company’s operating leases was discounted to present value using a weighted-average discount rate of 3.4% at each of June 30, 2021 and December 31, 2020. On July 12, 2021, the Company amended and extended the lease of its Dallas, Texas corporate office through November 2028.

The components of lease costs for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands):

(1)

Includes the costs of leases with a term of 12 months or less.

As of June 30, 2021, future minimum payments under operating leases that were either non-cancelable or subject to significant penalty upon cancellation, including future minimum payments under renewal options that the Company is reasonably certain to exercise, were as follows (in thousands):



2021 (excluding the six months ended June 30, 2021)	$	599
2022		626
2023		288
2024		188
2025		36
Thereafter		54
Total future minimum lease payments		1,791
Less imputed interest		(64)
Present value of lease liabilities	$	1,727

Supplemental cash flow information pertaining to the Company’s leasing activity for the six months ended June 30, 2021 and 2020 is as follows (in thousands):


	Six Months Ended June 30,
	2021		2020
Cash payments for operating lease liabilities	$	708	$	821
Right-of-use assets obtained in exchange for operating lease obligations	$	96	$	53