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Redeemable Noncontrolling Interests
12 Months Ended
Dec. 31, 2021
Redeemable Noncontrolling Interests [Abstract]  
Redeemable Noncontrolling Interests 20.REDEEMABLE NONCONTROLLING INTERESTSAs a result of its acquisition of additional interests of a previously unconsolidated joint venture in South Africa which operated under the name Atlas Tower South Africa (“Atlas SA”), the Company has consolidated the results of the entity into its financial statements since August 2019. In connection with the acquisition of the additional interest in Atlas SA, the parties agreed to both a put option exercisable by the noncontrolling interest holder and a call option exercisable by the Company for the remaining minority interest based on a formulaic approach. On December 31, 2021, the Company remitted to the seller closing consideration for the remaining interest in the joint venture.In June 2021, the Company entered into a joint venture agreement with a non-affiliated partner for the purpose of acquiring towers in Tanzania from Airtel Tanzania PLC which closed on January 4, 2022 (see Note 7). Effective June 2021, the Company consolidated the results of the joint venture into its financial statements. The agreement contains both a put option exercisable by the noncontrolling interest holder and a call option exercisable by the Company for the remaining minority interest based on a formulaic approach. As the put option is outside of the Company’s control, the estimated redemption value of the minority interest is presented as a redeemable noncontrolling interest outside of permanent equity on the Consolidated Balance Sheets. As of December 31, 2021, the fair market value of the noncontrolling interest was $17.3 million.The Company allocates income and losses to the noncontrolling interest holder based on the applicable membership interest percentage. At each reporting period, the redeemable noncontrolling interest is recognized at the greater of (1) the initial carrying amount of the noncontrolling interest as adjusted for accumulated income or loss attributable to the noncontrolling interest holder, or (2) the contractually-defined redemption value as of the balance sheet date. Adjustments to the carrying amount of redeemable noncontrolling interest are charged against retained earnings (or additional paid-in capital if there are no retained earnings).The components of redeemable noncontrolling interests as of December 31, 2021 are as follows (in thousands): December 31, December 31, 2021 2020 Beginning balance $ 15,194 $ 16,052Net loss attributable to noncontrolling interests — (57)Foreign currency translation adjustments — (52)Purchase of noncontrolling interests (18,000) —Contribution from joint venture partner 17,250 —Adjustment to fair value 2,806 (749)Ending balance $ 17,250 $ 15,194