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Rental Expense And Contractual Commitments
 12 Months Ended
Dec. 31, 2021
Leases, Operating [Abstract]  
Rental Expense And Contractual Commitments
Tredegar has various operating lease agreements with remaining terms up to 9 years, including leases of real estate, office equipment and vehicles. As of December 31, 2021 and 2020, the Company had no finance lease agreements. Some leases include options to purchase the leased asset, terminate the agreement or extend the term of the agreement for one or more years. These options are included in the lease term when it is reasonably certain that the option will be exercised.
The following table presents information about the amount, timing and uncertainty of cash flows arising from the Company’s operating leases as of December 31, 2021:
(In thousands)
Future Lease Payments
2022$2,594 
20232,478 
20242,417 
20252,417 
20262,079 
Thereafter5,326 
Total undiscounted operating lease payments17,311 
Less: Imputed interest2,322 
Present value of operating lease liabilities$14,989 
The following table summarizes lease costs, related cash flow and other information for the years ended December 31, 2021 and 2020. These costs are primarily related to long-term operating leases, but also include amounts for variable leases and short-term leases.
(In thousands)20212020
Operating lease expense$2,752 $3,260 
Right-of-use assets recognized as non-cash additions from the execution of new operating leases
$— $529 
Other Information:
Weighted-average remaining lease term for operating leases7 years8 years
Weighted-average discount rate for operating leases4.22 %4.21 %