Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.21.4
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