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VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following tables present the summarized financial information about the Company’s consolidated VIEs which are included in the Consolidated Balance Sheets as of December 31, 2021 and 2020 and Consolidated Statements of Operations for the year ended December 31, 2021, 2020, and 2019. These entities were determined to be VIEs since the Company possesses the power to direct the significant activities of the VIEs and has the obligation to absorb losses or the right to receive benefits from the VIE.


	December 31, 2021		December 31, 2020
(in thousands)	Ascend Illinois		Ascend Illinois		Ascend Michigan
Current assets	$	111,118	$	54,787	$	11,355
Other noncurrent assets	171,566		151,449		58,516
Current liabilities	71,264		62,508		5,553
Noncurrent liabilities	126,397		134,792		37,809

Equity (deficit) attributable to AWH	41,873		9,322		(23,822)


	Year Ended December 31, 2021		Year Ended December 31, 2020				Year Ended December 31, 2019
(in thousands)	Ascend Illinois		Ascend Illinois		Ascend Michigan(2)		Ascend Illinois		Ascend Michigan(2)
Revenue, net	$	265,872	$	120,004	$	11,719	$	11,323	$	708
Net income attributable to non-controlling interests(1)	—		1,598		—		(1,347)		—
Net income (loss) attributable to AWH	36,152		14,363		(16,684)		(4,459)		(6,397)
Net income (loss)	$	36,152	$	15,961	$	(16,684)	$	(5,806)	$	(6,397)

(1)Effective July 30, 2020, the Company purchased the non-controlling interests of Ascend Illinois, as further described below. Subsequent to this transaction, there are no non-controlling interests as of December 31, 2021 and 2020 and for the year ended December 31, 2021.

(2)In December 2020, the sole member of FPAW Michigan 2, Inc. (“Ascend Michigan”) assigned his interests to AWH, thereby making AWH the majority member, retaining 99.9% of the membership interests in Ascend Michigan. Following this assignment, Ascend Michigan is no longer considered a VIE.

The net change in the non-controlling interests follows in the table below. There were no non-controlling interests other than within Ascend Illinois.


(in thousands)	Ascend Illinois
Balance, December 31, 2018	$	—
Changes in ownership(1)	2,393
Net loss	(1,347)
Balance, December 31, 2019	$	1,046
Changes in ownership(2)	(2,644)
Net income	1,598
Balance, December 31, 2020	$	—

(1)Fair value of non-controlling interest consideration related to the acquisition of HCI in 2019.

(2)Effective July 30, 2020, the Company purchased the non-controlling interests of Ascend Illinois for $11,000 of cash, to be paid quarterly through December 2023, and 3,635 historical AWH common units with a fair value of $1,018 at issuance. See Note 11, “Debt,” for additional information regarding the cash payment. Subsequent to this transaction, there are no non-controlling interests as of December 31, 2021 and 2020 and for the year ended December 31, 2021.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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