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Sale-Leasebacks of Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Schedule of outstanding sale-leaseback financing obligations | The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2021 and 2020 are as follows:
| Maturity | Interest Rate as of December 31, 2021 | 2021 | 2020
|  |  | (In thousands)
1 warehouse – 2010 | 7/2030 | 10.34% | $ | 18,177 |  | $ | 18,669 |
11 warehouses – 2007 | 9/2027 | 7.00%-19.59% | 89,269 |  | 93,316 |
3 facilities - 2007 (Agro) | 7/2031 | 10% | 65,661 |  | 67,229 |
1 facility - 2013 (Agro) | 12/2033 | 10% | 5,710 |  | 5,846 |
Total sale-leaseback financing obligations | $ | 178,817 |  | $ | 185,060 |
As of December 31, 2021, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:
Years Ending December 31: | (In thousands)
2022 | $ | 27,065 |
2023 | 27,460 |
2024 | 27,787 |
2025 | 28,075 |
2026 | 28,363 |
Thereafter | 154,190 |
Total minimum payments | 292,940 |
Interest portion | (114,123) |
Present value of net minimum payments | $ | 178,817 |

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