Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] |
|
| Schedule of Finite-Lived Intangible Assets |
Intangible assets consist of the following as of September 30, 2021 and December 31, 2020:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
September 30, 2021 |
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net |
|
Biogas rights agreements |
$ |
554,745 |
|
|
$ |
1,560 |
|
|
$ |
553,185 |
|
|
| Electricity off-take agreements |
23,400 |
|
|
113 |
|
|
23,287 |
|
|
Operations and maintenance contracts |
8,620 |
|
|
11 |
|
|
8,609 |
|
|
| RNG purchase contract |
6,920 |
|
|
199 |
|
|
6,721 |
|
|
Customer relationships |
350 |
|
|
125 |
|
|
225 |
|
|
Trade names |
150 |
|
|
54 |
|
|
96 |
|
|
Total |
$ |
594,185 |
|
|
$ |
2,062 |
|
|
$ |
592,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
December 31, 2020 |
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net |
Biogas rights agreements |
$ |
8,293 |
|
|
$ |
— |
|
|
$ |
8,293 |
|
Customer relationships |
350 |
|
|
70 |
|
|
280 |
|
Trade names |
150 |
|
|
30 |
|
|
120 |
|
Total |
$ |
8,793 |
|
|
$ |
100 |
|
|
$ |
8,693 |
|
|
| Schedule of Below-Market Contract Liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
September 30, 2021 |
Gross Liability |
|
Accumulated
Amortization
|
|
Net |
Gas off-take agreements |
$ |
108,880 |
|
|
$ |
488 |
|
|
$ |
108,392 |
|
|
| Aria Energy LLC |
|
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] |
|
| Schedule of Finite-Lived Intangible Assets |
Amortizable Intangible Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
| (in thousands) |
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net |
| Gas rights agreements |
$ |
217,285 |
|
|
$ |
102,944 |
|
|
$ |
114,341 |
|
| Operations and maintenance contracts |
3,500 |
|
|
2,475 |
|
|
1,025 |
|
| Gas sales agreements |
32,059 |
|
|
20,503 |
|
|
11,556 |
|
| Total |
$ |
252,844 |
|
|
$ |
125,922 |
|
|
$ |
126,922 |
|
Details of the intangible assets are summarized below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expense |
| Type of Contract |
|
Amortization Line Item |
|
Remaining Lives |
|
July 1 to September 14, 2021 |
|
July 1 to September 30, 2020 |
|
January 1 to September 14, 2021 |
|
January 1 to September 30, 2020 |
| Gas rights |
|
Depreciation, amortization and accretion |
|
4 to 16 years |
|
$ |
1,892 |
|
|
$ |
3,777 |
|
|
$ |
6,494 |
|
|
$ |
11,331 |
|
| Operation and maintenance |
|
Amortization of intangibles and below-market contracts |
|
5 years |
|
$ |
52 |
|
|
$ |
145 |
|
|
$ |
178 |
|
|
$ |
434 |
|
| Gas sales |
|
Amortization of intangibles and below-market contracts |
|
1 to 8 years |
|
$ |
733 |
|
|
$ |
891 |
|
|
$ |
2,515 |
|
|
$ |
2,674 |
|
|
| Schedule of Below-Market Contract Liability |
These include:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
Gross |
|
Accumulated |
|
|
| (in thousands) |
Liability |
|
Amortization |
|
Net |
| Gas purchase agreements |
$ |
19,828 |
|
|
$ |
14,059 |
|
|
$ |
5,769 |
|
|