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Leases
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases LEASES
    
    The Partnership has numerous operating leases primarily for terminal facilities and transportation and other equipment. The leases generally provide that all expenses related to the facilities and equipment are to be paid by the lessee.

    Operating lease Right-of-Use assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Partnership's leases do not provide an implicit rate of return, the Partnership uses its imputed collateralized rate based on the information available at commencement date in determining the present value of lease payments. The estimated rate is based on a risk-free rate plus a risk-adjusted margin.

Our leases have remaining lease terms of 1 year to 13 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. The Partnership includes extension periods and excludes termination periods from its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the extension options.
    
    The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows:
Three Months Ended March 31,
20242023
Operating lease cost$4,939 $3,187 
Finance lease cost:
     Amortization of right-of-use assets— 4 
     Interest on lease liabilities— — 
Short-term lease cost1,166 1,708 
Variable lease cost47 55 
Total lease cost$6,152 $4,954 
    
Supplemental balance sheet information related to leases at March 31, 2024 and December 31, 2023 was as follows:
March 31,
2024		December 31, 2023
Operating Leases
Operating lease right-of-use assets$58,267 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$14,824 $14,901 
Operating lease liabilities43,606 45,684 
     Total operating lease liabilities$58,430 $60,585 

For the three months ended March 31, 2024, the Partnership incurred new operating leases, primarily related to land and marine transportation assets and renewed existing operating leases set to expire, primarily related to marine transportation assets.

The Partnership’s future minimum lease obligations as of March 31, 2024 consist of the following:
Operating Leases
Year 1$19,881 
Year 218,573 
Year 315,235 
Year 410,472 
Year 53,929 
Thereafter5,136 
     Total73,226 
     Less amounts representing interest costs(14,796)
Total lease liability$58,430 

    The Partnership has non-cancelable revenue arrangements that are under the scope of ASC 842 whereby we have committed certain terminalling and storage assets in exchange for a minimum fee. Future minimum revenues the Partnership expects to receive under these non-cancelable arrangements as of March 31, 2024 are as follows: 2024 - $17,036; 2025 - $16,357; 2026 - $11,741; 2027 - $11,552; 2028 - $11,364; subsequent years - $18,256.
Leases LEASES
    
    The Partnership has numerous operating leases primarily for terminal facilities and transportation and other equipment. The leases generally provide that all expenses related to the facilities and equipment are to be paid by the lessee.

    Operating lease Right-of-Use assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Partnership's leases do not provide an implicit rate of return, the Partnership uses its imputed collateralized rate based on the information available at commencement date in determining the present value of lease payments. The estimated rate is based on a risk-free rate plus a risk-adjusted margin.

Our leases have remaining lease terms of 1 year to 13 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. The Partnership includes extension periods and excludes termination periods from its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the extension options.
    
    The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows:
Three Months Ended March 31,
20242023
Operating lease cost$4,939 $3,187 
Finance lease cost:
     Amortization of right-of-use assets— 4 
     Interest on lease liabilities— — 
Short-term lease cost1,166 1,708 
Variable lease cost47 55 
Total lease cost$6,152 $4,954 
    
Supplemental balance sheet information related to leases at March 31, 2024 and December 31, 2023 was as follows:
March 31,
2024		December 31, 2023
Operating Leases
Operating lease right-of-use assets$58,267 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$14,824 $14,901 
Operating lease liabilities43,606 45,684 
     Total operating lease liabilities$58,430 $60,585 

For the three months ended March 31, 2024, the Partnership incurred new operating leases, primarily related to land and marine transportation assets and renewed existing operating leases set to expire, primarily related to marine transportation assets.

The Partnership’s future minimum lease obligations as of March 31, 2024 consist of the following:
Operating Leases
Year 1$19,881 
Year 218,573 
Year 315,235 
Year 410,472 
Year 53,929 
Thereafter5,136 
     Total73,226 
     Less amounts representing interest costs(14,796)
Total lease liability$58,430 

    The Partnership has non-cancelable revenue arrangements that are under the scope of ASC 842 whereby we have committed certain terminalling and storage assets in exchange for a minimum fee. Future minimum revenues the Partnership expects to receive under these non-cancelable arrangements as of March 31, 2024 are as follows: 2024 - $17,036; 2025 - $16,357; 2026 - $11,741; 2027 - $11,552; 2028 - $11,364; subsequent years - $18,256.