Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

The opening and closing balances of the Company’s contract assets, net of allowance for credit losses, and deferred revenue are as follows:


	Contract Assets, Current Portion(1)		Contract Assets(2)		Deferred Revenue, Current Portion(3)		Deferred Revenue(4)
	(in thousands)
December 31, 2021	$	190	$	4,262	$	16,905	$	25,921
March 31, 2022	190		4,296		21,163		25,507
Change	$	—	$	34	$	4,258	$	(414)

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(1)Amounts are included within other current assets on the Company’s consolidated balance sheets.

(2)Amounts are included within other assets on the Company’s consolidated balance sheets.

(3)Amounts include $1.5 million and $1.4 million of deferred revenue related to leases as of March 31, 2022 and December 31, 2021, respectively.

(4)Amounts include $2.5 million and $2.8 million of deferred revenue related to leases as of March 31, 2022 and December 31, 2021, respectively.

Information about the Company’s financial assets and liabilities measured at fair value on a recurring basis is presented below:


		March 31, 2022
	Balance Sheet Classification	Carrying Value		Level 1		Level 2		Level 3
		(in thousands)
Assets:

Power swaps	Other current assets	$	685	$	—	$	685	$	—
Power swaps	Other assets	$	1,270	$	—	$	1,270	$	—
Interest rate swaps	Other assets	$	2,116	$	—	$	2,116	$	—

Liabilities:
Interest rate swaps	Swap liability, current portion	$	2,846	$	—	$	2,846	$	—


		December 31, 2021
	Balance Sheet Classification	Carrying Value		Level 1		Level 2		Level 3
		(in thousands)
Assets:
Cash equivalents	Cash and cash equivalents	$	17,959	$	17,959	$	—	$	—
Liabilities:
Interest rate swaps	Swap liability, current portion	$	8,062	$	—	$	8,062	$	—
Interest rate swaps	Other long-term liabilities	$	6,706	$	—	$	6,706	$	—