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Leases
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases LeasesWe lease office facilities for use in our operations, as well as transportation and other equipment. Most of our leases are non-cancelable operating lease agreements with original maturities between one to eight years from the execution date. Some of these leases include options to extend for up to 10 years. We have no finance leases and no related party lease agreements as of March 31, 2021. Operating lease costs were approximately $2.6 million for both the three months ended March 31, 2021, and March 31, 2020, respectively.
The components of operating lease expense were as follows:

Lease CostsFinancial Statement ClassificationThree Months Ended March 31,
20212020
Operating lease costSelling, general and administrative expenses$1,722 $1,666 
Short-term lease costSelling, general and administrative expenses481 574 
Variable lease costSelling, general and administrative expenses431 394 
Net lease cost$2,634 $2,634 
Right-of-use lease assets and lease liabilities for our operating leases were recorded in the condensed consolidated balance sheets as follows:

March 31, 2021December 31, 2020
Assets:
Operating lease right-of-use assets$19,192 $18,734 
Liabilities:
Operating leases, short-term5,913 5,904 
Operating leases, long-term16,636 16,279 
Total lease liabilities$22,549 $22,183 

Supplemental information related to leases is as follows:
Other InformationThree Months Ended March 31,
20212020
Cash flows:
Cash amounts paid included in the measurement of lease liabilities:
Operating cash outflows from operating leases$1,829 $1,873 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$2,005 $457 
Lease term and discount rate:
Weighted average remaining lease term (years)4.64
Weighted average discount rate2.69 %4.00 %
As of March 31, 2021, maturities of lease liabilities were as follows:
Year ending December 31,Amount
2021 (Remaining 2021)$5,537 
20225,220 
20234,197 
20243,712 
20252,576 
Thereafter2,545 
Total lease payments23,787 
Less: Interest(1,238)
Present value of operating lease liabilities$22,549 
Rental Income from third parties
We own office buildings in Bangor, Falmouth and Yarmouth, Maine; Lubbock and Plano, Texas; Troy, Michigan; Latham, New York; and Moraine, Ohio. We lease space in some of these buildings to third-party tenants. The property we lease to others under operating leases consists primarily of specific facilities where one tenant obtains substantially all of the economic benefit from the asset and has the right to direct the use of the asset. These non-cancelable leases expire between 2021 and 2025, and some have options to extend the lease for up to five years. We determine if an arrangement is a lease at inception. None of our leases allow the lessee to purchase the leased asset.
Rental income from third-party tenants for the three months ended March 31, 2021, totaled $294,000 and for the three months ended March 31, 2020, totaled $274,000. Rental income is included in hardware and other revenue on the condensed consolidated statements of income. As of March 31, 2021, future minimum operating rental income based on contractual agreements is as follows:

Year ending December 31,Amount
2021 (Remaining 2021)$1,068 
20221,449 
20231,479 
20241,510 
2025966 
Thereafter— 
Total $6,472 
As of March 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.
Leases LeasesWe lease office facilities for use in our operations, as well as transportation and other equipment. Most of our leases are non-cancelable operating lease agreements with original maturities between one to eight years from the execution date. Some of these leases include options to extend for up to 10 years. We have no finance leases and no related party lease agreements as of March 31, 2021. Operating lease costs were approximately $2.6 million for both the three months ended March 31, 2021, and March 31, 2020, respectively.
The components of operating lease expense were as follows:

Lease CostsFinancial Statement ClassificationThree Months Ended March 31,
20212020
Operating lease costSelling, general and administrative expenses$1,722 $1,666 
Short-term lease costSelling, general and administrative expenses481 574 
Variable lease costSelling, general and administrative expenses431 394 
Net lease cost$2,634 $2,634 
Right-of-use lease assets and lease liabilities for our operating leases were recorded in the condensed consolidated balance sheets as follows:

March 31, 2021December 31, 2020
Assets:
Operating lease right-of-use assets$19,192 $18,734 
Liabilities:
Operating leases, short-term5,913 5,904 
Operating leases, long-term16,636 16,279 
Total lease liabilities$22,549 $22,183 

Supplemental information related to leases is as follows:
Other InformationThree Months Ended March 31,
20212020
Cash flows:
Cash amounts paid included in the measurement of lease liabilities:
Operating cash outflows from operating leases$1,829 $1,873 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$2,005 $457 
Lease term and discount rate:
Weighted average remaining lease term (years)4.64
Weighted average discount rate2.69 %4.00 %
As of March 31, 2021, maturities of lease liabilities were as follows:
Year ending December 31,Amount
2021 (Remaining 2021)$5,537 
20225,220 
20234,197 
20243,712 
20252,576 
Thereafter2,545 
Total lease payments23,787 
Less: Interest(1,238)
Present value of operating lease liabilities$22,549 
Rental Income from third parties
We own office buildings in Bangor, Falmouth and Yarmouth, Maine; Lubbock and Plano, Texas; Troy, Michigan; Latham, New York; and Moraine, Ohio. We lease space in some of these buildings to third-party tenants. The property we lease to others under operating leases consists primarily of specific facilities where one tenant obtains substantially all of the economic benefit from the asset and has the right to direct the use of the asset. These non-cancelable leases expire between 2021 and 2025, and some have options to extend the lease for up to five years. We determine if an arrangement is a lease at inception. None of our leases allow the lessee to purchase the leased asset.
Rental income from third-party tenants for the three months ended March 31, 2021, totaled $294,000 and for the three months ended March 31, 2020, totaled $274,000. Rental income is included in hardware and other revenue on the condensed consolidated statements of income. As of March 31, 2021, future minimum operating rental income based on contractual agreements is as follows:

Year ending December 31,Amount
2021 (Remaining 2021)$1,068 
20221,449 
20231,479 
20241,510 
2025966 
Thereafter— 
Total $6,472 
As of March 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.