XML 31 R21.htm IDEA: XBRL DOCUMENT v3.21.2

Investment Funds and Equity Method Investments

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Investment Funds and Equity Method Investments

INVESTMENT FUNDS AND EQUITY METHOD INVESTMENTS

Investment Funds

The table below presents a summary of amounts related to our investment funds, which we determined meet the definition of a variable interest entity (“VIE”) as of:

			September 30,						December 31,
			2021 (1)						2020 (1)
Cash and cash equivalents			$	5,088					$	5,828
Restricted cash			—						3,185
Accounts receivable, net			862						834
Costs and estimated earnings in excess of billings			1,952						968
Prepaid expenses and other current assets			19						120
Total VIE current assets			7,921						10,935
Property and equipment, net			1,266						1,266
Energy assets, net			110,153						143,133
Operating lease assets			6,318						6,439
Restricted cash, net of current portion			400						331
Other assets			30						94
Total VIE assets			$	126,088					$	162,198
Current portions of long-term debt and financing lease liabilities			$	2,224					$	2,230
Accounts payable			100						311
Accrued expenses and other current liabilities			481						1,092
Current portions of operating lease liabilities			137						125
Total VIE current liabilities			2,942						3,758
Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs			21,749						22,822
Long-term operating lease liabilities, net of current portion			6,178						6,220
Other liabilities			355						535
Total VIE liabilities			$	31,224					$	33,335
(1) The amounts in the above table are reflected in Note 1 on our condensed consolidated balance sheets.

See Note 13 for additional information on the call and put options.

Equity Method Investments

Unconsolidated joint ventures are accounted for under the equity method. For these joint ventures, our investment balances are included in other assets on the condensed consolidated balance sheets and our pro rata share of net income or loss is included in operating income.

During the nine months ended September 30, 2021, we entered into a joint venture with a Service-Disabled Veteran-Owned Small Business renewable energy company. The purpose of the joint venture is to submit proposals to the Department of Veterans Affairs and other Federal agencies for cleantech solutions. No activity occurred under this joint venture as of September 30, 2021.

The following table provides information about our equity method investments in joint ventures:

															As of
															September 30, 2021						December 31, 2020
Equity method investments															$	1,065					$	1,189
			Three Months Ended September 30,												Nine Months Ended September 30,
			September 30, 2021						September 30, 2020						September 30, 2021						September 30, 2020
Expense recognized			$	25					$	50					$	128					$	127

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

+ Details

Name:	us-gaap_VariableInterestEntityDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration