Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 282

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 282
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2, respectively. We currently estimate that a net gain of $2.8 million will be reclassified from accumulated other comprehensive income into interest expense during the next 12 months; however, the actual amount that will be reclassified will vary based on changes in interest rates.

Note 13. OPERATING LEASESOperating Leases of Sites as LesseeWe lease 434 sites from third parties under certain non-cancelable operating leases that expire from time to time through 2044. The weighted-average remaining lease term was 3.9 years as of December 31, 2024. Lease expense was classified in the consolidated statements of income as follows (in thousands): 

        Year Ended December 31,

        2024

        2023

        2022

        Cost of sales
         
        $
        20,651

        $
        22,338

        $
        23,457

        Operating expenses

        17,440

        15,460

        15,254

        General and administrative expenses

        1,179

        995

        931

        Total
         
        $
        39,270

        $
        38,793

        $
        39,642

       Variable lease payments based on inflation or fuel volume included in the table above totaled $4.6 million, $4.6 million and $4.4 million for 2024, 2023 and 2022, respectively. Short-term lease payments included in the table above that are excluded from the lease liability amounted to $0.3 million, $0.2 million and $0.2 million for 2024, 2023 and 2022, respectively. Cash paid for amounts included in the measurement of lease liabilities under operating leases totaled $34.4 million, $34.0 million and $35.0 million for 2024, 2023 and 2022, respectively.

73 

CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

As of December 31, 2024, 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, 2024 and 2023 was 5.8%.

        Third Parties

        Related Parties

        Total

        2025
         
        $