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Operating Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Operating Leases | Note 13. OPERATING LEASES Operating Leases of Sites as Lessee We lease 442 sites from third parties under certain non-cancelable operating leases that expire from time to time through 2041. The weighted-average remaining lease term was 4.5 years as of December 31, 2023. Lease expense was classified in the consolidated statements of income as follows (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Cost of sales |  | $ | 22,338 |  |  | $ | 23,457 |  |  | $ | 23,765 |
Operating expenses |  |  | 15,460 |  |  |  | 15,254 |  |  |  | 13,531 |
General and administrative expenses |  |  | 995 |  |  |  | 931 |  |  |  | 1,331 |
Total |  | $ | 38,793 |  |  | $ | 39,642 |  |  | $ | 38,627 |
Variable lease payments based on inflation or fuel volume included in the table above totaled $4.6 million, $4.4 million and $4.2 million for 2023, 2022 and 2021, respectively. Short-term lease payments included in the table above that are excluded from the lease liability amounted to $0.2 million, $0.2 million and $0.1 million for 2023, 2022 and 2021, respectively. Cash paid for amounts included in the measurement of lease liabilities under operating leases totaled $34.0 million, $35.0 million and $34.3 million for 2023, 2022 and 2021, respectively. As of December 31, 2023, future minimum rental payments under operating leases, excluding variable lease payments or short-term payments, were as follows (in thousands). The weighted-average discount rate as of December 31, 2023 and 2022 was 5.8% and 6.0%, respectively.
|  | Third Parties |  |  | Related Parties |  |  | Total |
2024 |  | $ | 25,796 |  |  | $ | 10,152 |  |  | $ | 35,948 |
2025 |  |  | 23,565 |  |  |  | 10,310 |  |  |  | 33,875 |
2026 |  |  | 20,510 |  |  |  | 10,395 |  |  |  | 30,905 |
2027 |  |  | 16,202 |  |  |  | 8,953 |  |  |  | 25,155 |
2028 |  |  | 11,806 |  |  |  | 8,382 |  |  |  | 20,188 |
Thereafter |  |  | 28,745 |  |  |  | 9,350 |  |  |  | 38,095 |
Total future payments |  |  | 126,624 |  |  |  | 57,542 |  |  |  | 184,166 |
Less impact of discounting |  |  |  |  |  |  |  |  | 30,656 |
|  |  |  |  |  |  |  |  | 153,510 |
Current portion |  |  |  |  |  |  |  |  | 34,787 |
Long-term portion |  |  |  |  |  |  |  | $ | 118,723 |
Most lease agreements include provisions for renewals. We generally do not include renewal options in our lease term for purposes of measuring our lease liabilities and right-of-use assets unless the sublease to our customer extends beyond the term of the head lease. Of our leased sites, we operate 127 of them as company operated sites. Substantially all the remaining leased sites are subleased to lessee dealers or commission agents under leases with terms generally ranging from one to ten years and which may include renewal options. Sublease rental income amounted to $35.3 million, $35.4 million and $34.5 million for 2023, 2022 and 2021, respectively. Operating Leases of Sites as Lessor Motor fuel stations are leased to tenants under operating leases with various expiration dates ranging through 2037. Most lease agreements include provisions for renewals. We generally do not include renewal options in our lease term. Future minimum rental payments under non-cancelable operating leases with third parties as of December 31, 2023 were as follows (in thousands):
2024 |  | $ | 45,941 |
2025 |  |  | 38,157 |
2026 |  |  | 27,715 |
2027 |  |  | 18,232 |
2028 |  |  | 12,002 |
Thereafter |  |  | 13,143 |
Total future minimum lease payments |  | $ | 155,190 |
The future minimum rental payments presented above do not include contingent rent based on future inflation, future revenues or volumes of the lessee, or non-lease components for amounts that may be received as tenant reimbursements for certain operating costs. Deferred rent income from straight-line rent relates to the cumulative amount by which straight-line rental income recorded to date exceeds cash rents billed to date under the lease agreement and totaled $5.0 million and $5.1 million at December 31, 2023 and 2022, respectively.

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