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Leases
 9 Months Ended
Sep. 30, 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 12 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 in 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 and nine months ended September 30, 2024 and 2023, were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease cost$5,483 $4,602 $15,603 $11,393 
Finance lease cost:
     Amortization of right-of-use assets$4 $— 7 6 
     Interest on lease liabilities1 — 2 — 
Short-term lease cost1,537 1,256 4,036 4,331 
Variable lease cost41 48 128 143 
Total lease cost$7,066 $5,906 $19,776 $15,873 
    
Supplemental balance sheet information related to leases at September 30, 2024 and December 31, 2023, was as follows:
September 30,
2024		December 31, 2023
Operating Leases
Operating lease right-of-use assets$61,521 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$17,216 $14,901 
Operating lease liabilities44,549 45,684 
     Total operating lease liabilities$61,765 $60,585 
Finance Leases
Property, plant and equipment, at cost$77 $— 
Accumulated depreciation(7)— 
Property, plant and equipment, net$70 $— 
Current installments of finance lease obligations$14 $— 
Finance lease obligations58 — 
Total finance lease obligations$72 $— 
For the nine months ended September 30, 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 September 30, 2024, consist of the following:
Operating Leases
Year 1$21,084 
Year 218,827 
Year 314,770 
Year 49,182 
Year 52,824 
Thereafter4,425 
     Total71,112 
     Less amounts representing interest costs(9,347)
Total lease liability$61,765 

    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 September 30, 2024, are as follows: 2024 - $6,557; 2025 - $17,963; 2026 - $11,826; 2027 - $11,631; 2028 - $11,435; subsequent years - $18,399.
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 12 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 in 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 and nine months ended September 30, 2024 and 2023, were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease cost$5,483 $4,602 $15,603 $11,393 
Finance lease cost:
     Amortization of right-of-use assets$4 $— 7 6 
     Interest on lease liabilities1 — 2 — 
Short-term lease cost1,537 1,256 4,036 4,331 
Variable lease cost41 48 128 143 
Total lease cost$7,066 $5,906 $19,776 $15,873 
    
Supplemental balance sheet information related to leases at September 30, 2024 and December 31, 2023, was as follows:
September 30,
2024		December 31, 2023
Operating Leases
Operating lease right-of-use assets$61,521 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$17,216 $14,901 
Operating lease liabilities44,549 45,684 
     Total operating lease liabilities$61,765 $60,585 
Finance Leases
Property, plant and equipment, at cost$77 $— 
Accumulated depreciation(7)— 
Property, plant and equipment, net$70 $— 
Current installments of finance lease obligations$14 $— 
Finance lease obligations58 — 
Total finance lease obligations$72 $— 
For the nine months ended September 30, 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 September 30, 2024, consist of the following:
Operating Leases
Year 1$21,084 
Year 218,827 
Year 314,770 
Year 49,182 
Year 52,824 
Thereafter4,425 
     Total71,112 
     Less amounts representing interest costs(9,347)
Total lease liability$61,765 

    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 September 30, 2024, are as follows: 2024 - $6,557; 2025 - $17,963; 2026 - $11,826; 2027 - $11,631; 2028 - $11,435; subsequent years - $18,399.