v3.22.2.2
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Expense
The components of lease expense for the three and nine months ended September 30, 2022 and 2021, are as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Lease expense
Operating lease expense$3,680 $3,276 $10,849 $10,631 
Variable lease expense (benefit) (1)
172 33 334 (124)
Total lease expense$3,852 $3,309 $11,183 $10,507 
(1) Represents railcar lease abatements provided by the lessor when railcars are out of service during periods of maintenance or upgrade, offset by amounts incurred in excess of the minimum payments required for the handling and unloading of railcars for a certain lease.
Schedule of Supplemental Cash Flow Information Related to Operating Leases
Supplemental cash flow information related to operating leases is as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,357 $3,188 $10,044 $10,373 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases— 2,959 7,740 12,641 
Right-of-use assets and lease obligations derecognized due to lease modifications:
Operating leases— 1,838 — 1,889 
Schedule of Supplemental Balance Sheet Information Related to Operating Leases
Supplemental balance sheet information related to operating leases is as follows:
September 30,
2022		December 31,
2021
Weighted average remaining lease term3.9 years4.1 years
Weighted average discount rate3.53 %3.65 %
Schedule of Aggregate Minimum Lease Payments
Aggregate minimum lease payments under the operating lease agreements for the remainder of 2022 and in future years are as follows (in thousands):
Year Ending December 31,
Amount
2022$3,759 
202312,576 
202410,533 
20257,962 
20263,078 
Thereafter
3,236 
Total
41,144 
Less: Present value discount(2,706)
Operating lease liabilities$38,438 
Schedule of Components of Lease Revenue
The components of lease revenue for the three and nine months ended September 30, 2022 and 2021, are as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Lease revenue
Operating lease revenue$16,656$15,631$48,247$48,191
Variable lease revenue (1)
5246321,8321,785
Total lease revenue$17,180$16,263$50,079$49,976
(1) Represents amounts charged to Green Plains Trade under the storage and throughput agreement in excess of the initial rate of $0.05 per gallon, amounts delivered by Green Plains Trade and other customers in excess of various minimum volume commitments, and the difference between the contracted railcar volumetric capacity and the actual amount provided to Green Plains Trade during the period.
Schedule of Minimum Future Rental Revenue Anticipated minimum operating lease revenue under this agreement assuming a consistent rate of $0.05312 per gallon for the remainder of 2022 and in future years, is as follows (in thousands):
Year Ending December 31,
Amount
2022$11,564
202346,257
202446,257
202546,257
202646,257
Thereafter115,642
Total$312,234
Anticipated minimum operating lease revenue under this agreement for the remainder of 2022 and in future years is as follows (in thousands):
Year Ending December 31,
Amount
2022$5,564
202316,771
202412,714
202519,831
20262,743
Thereafter1,203
Total$58,826
Schedule of Contractual Obligation Aggregate minimum payments under these agreements for the remainder of 2022 and in future years are as follows (in thousands):
Year Ending December 31,
Amount
2022$165
2023—
2024—
2025—
2026—
Thereafter—
Total$165