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Leases (Tables)

12 Months Ended

Dec. 31, 2021

The components of lease expense were as follows for the year ended December 31 (dollars in thousands):


	2021		2020
Operating lease cost:
Fixed lease cost (Other operating expenses)	$	4,970	$	4,746
Variable lease cost (Other operating expenses)		1,180		1,099
Total operating lease cost	$	6,150	$	5,845

Finance lease cost:
Amortization of ROU asset (Depreciation and amortization)	$	3,641	$	3,641
Interest on lease liabilities (Interest expense)		2,522		2,662
Total finance lease cost	$	6,163	$	6,303

Supplemental cash flow information related to leases was as follows for the year ended December 31 (dollars in thousands):


	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows:
Operating lease payments	$	4,805	$	4,612
Interest on finance lease		2,522		2,662
Total operating cash outflows	$	7,327	$	7,274

Finance cash outflows:
Principal payments on finance lease	$	2,935	$	2,800

Supplemental balance sheet information related to leases was as follows for December 31 (dollars in thousands):


	December 31,			December 31,
	2021			2020
Operating Leases
Operating lease ROU assets (Other property and investments-net and other non-current assets)	$	70,133		$	71,891

Other current liabilities	$	4,301		$	4,249
Other non-current liabilities and deferred credits		66,068			67,716
Total operating lease liabilities	$	70,369		$	71,965

Finance Leases
Finance lease ROU assets (Other property and investments-net and other non-current assets)	$	43,697		$	47,338

Other current liabilities	$	3,085		$	2,935
Other non-current liabilities and deferred credits		45,730			48,815
Total finance lease liabilities	$	48,815		$	51,750

Weighted Average Remaining Lease Term
Operating leases	24.22 years			25.20 years
Finance leases	6.32 years			7.22 years

Weighted Average Discount Rate
Operating leases		4.28	%		4.28	%
Finance leases		4.35	%		4.62	%

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2021 (dollars in thousands):

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2020 (dollars in thousands):

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2021 (dollars in thousands):

Maturities of lease liabilities (including principal and interest) were as follows as of December 31, 2020 (dollars in thousands):