XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Contract Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Revenue Recognition [Abstract] |
Schedule of outstanding contract assets | Contract assets are as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
Contract assets | $ | 83,060 |  |  | $ | — |
Less accumulated amortization | (1,986) |  |  | — |
Contract assets, net | $ | 81,074 |  |  | $ | — |
The below table reflects our estimated amortization per year (in thousands) based on the Company’s current forecasted revenues from the ProFrac Agreements.
Years ending December 31, |  | Amortization |  |
2022 (excluding the nine months ended September 30, 2022 ) | $ | 1,451 |  |  |
2023 |  | 7,918 |  |  |
2024 |  | 8,692 |  |  |
2025 |  | 8,692 |  |  |
2026 |  | 8,692 |  |  |
Thereafter through May 2032 |  | 45,629 |  |  |
Total contract assets |  | $ | 81,074 |  |  |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration