INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible Assets


	December 31,
(in thousands)	2021		2020
Finite-lived intangible assets
Licenses and permits(1)	$	55,281	$	39,888
In-place leases	19,963		19,963
Trade names(1)	380		210
	75,624		60,061
Accumulated amortization:
Licenses and permits	(5,415)		(1,080)
In-place leases	(10,558)		(8,362)
Trade names	(380)		(158)
	(16,353)		(9,600)

Total intangible assets, net(2)	$	59,271	$	50,461

(1)During the year ended December 31, 2021, we recorded measurement period purchase accounting adjustments related to our 2020 acquisitions based on changes to certain estimates and assumptions and their related impact to goodwill. Additionally, during the year ended December 31, 2021 we recorded $6,928 related to the Hemma acquisition, $1,797 related to the BCCO acquisition, and $8,342 related to the OCC acquisition. See Note 4, “Acquisitions,” for additional information.

(2)These intangible assets are being amortized over the expected period of benefit, with a weighted-average remaining life of approximately 8.6 years as of December 31, 2021.

Schedule of Finite-lived Intangible Assets Amortization Expense

Estimated Annual Amortization Expense for Each of the Next Five Years


	2022		2023		2024		2025		2026
Estimated amortization expense(1)	$	7,724	$	7,724	$	6,853	$	6,304	$	6,304

(1)These amounts could vary as acquisitions of additional intangible assets occur in the future.

Schedule of Goodwill

Goodwill


(in thousands)
Balance, December 31, 2019	$	809
Acquisitions	21,989
Balance, December 31, 2020	$	22,798
Acquisitions	11,042
Adjustments to purchase price allocation(1)	9,127
Balance, December 31, 2021	$	42,967