Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets consist of the following as of March 31, 2022 and December 31, 2021:
(in thousands)
March 31, 2022
Gross Carrying
Amount
Accumulated
Amortization
Net
Biogas rights agreements
$ 612,461  $ 15,437  $ 597,024 
Electricity off-take agreements 26,512  1,547  24,965 
Operations and maintenance contracts
8,620  316  8,304 
RNG purchase contract 10,290  3,642  6,648 
Customer relationships
350  146  204 
Trade names
150  62  88 
Total
$ 658,383  $ 21,150  $ 637,233 
(in thousands)
December 31, 2021
Gross Carrying
Amount
Accumulated
Amortization
Net
Biogas rights agreements
$ 603,868  $ 8,237  $ 595,631 
Electricity off-take agreements 26,511  749  25,762 
Operations and maintenance contracts
8,620  173  8,447 
RNG purchase contract 10,290  1,959  8,331 
Customer relationships
350  140  210 
Trade names
150  60  90 
Total
$ 649,789  $ 11,318  $ 638,471 
Schedule of Below-Market Contract Liability The contracts were recorded at fair value and are classified as other long-term liabilities on the Company’s consolidated balance sheets as of March 31, 2022 and December 31, 2021:
March 31, 2022
Gross Liability
Accumulated
Amortization
Net
Gas off-take agreements
$ 146,990  $ 8,070  $ 138,920 
December 31, 2021
Gross Liability
Accumulated
Amortization
Net
Gas off-take agreements
$ 146,990  $ 4,360  $ 142,630