6. LEASES

Lessee

The Company has operating leases primarily for administrative and sales and marketing offices, manufacturing operations and R&D facilities, employee housing units and certain equipment. These leases have remaining lease terms from less than a year to three years. Some of these leases include options to renew the lease term for up to two years or on a month-to-month basis. The Company does not have finance lease arrangements.

The following table summarizes the balances of operating lease ROU assets and liabilities (in thousands):

The following tables summarize certain information related to the leases (in thousands, except percentages):

As of  December 31, 2022, the maturities of the lease liabilities were as follows (in thousands):

As of  December 31, 2022, the Company had no operating leases that have not yet commenced.

Lessor

The Company owns certain office buildings and leases a portion of these properties to third parties under arrangements that are classified as operating leases. These leases have remaining lease terms ranging from less than one year to three years. Some of these leases include options to renew the lease term for up to five years.

Income related to lease payments was $2.4 million, $2.2 million and $1.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, future income related to lease payments was as follows (in thousands):