ARKO Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Goodwill and Intangible Assets (Tables)

v3.22.0.1

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The following summarizes the activity in goodwill, by segment:


	Retail		GPMP		Total
	(in thousands)
Beginning balance, January 1, 2020	$	14,861	$	119,091	$	133,952
Goodwill attributable to acquisitions during the year		—		39,985		39,985
Ending balance, December 31, 2020	$	14,861	$	159,076	$	173,937
Goodwill attributable to acquisitions during the year		—		7,556		7,556
Goodwill adjustment – Empire Acquisition		—		16,155		16,155
Ending balance, December 31, 2021	$	14,861	$	182,787	$	197,648

Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:


	As of December 31,
	2021			2020
	(in thousands)
Wholesale fuel supply agreements	$	198,069		$	198,069
Trade names		34,988			32,494
Options to acquire ownership rights and develop stores		6,372			25,319
Other intangibles		20,641			18,105
Accumulated amortization – Wholesale fuel supply agreements		(23,923	)		(7,566	)
Accumulated amortization – Trade names		(29,583	)		(26,127	)
Accumulated amortization – Options to acquire ownership rights and develop stores		(3,140	)		(6,376	)
Accumulated amortization – Other intangibles		(17,431	)		(15,786	)
	$	185,993		$	218,132

Schedule of Estimated Amortization Expense

Estimated amortization expense for each of the next five years and thereafter is expected to be as follows:


Future Amortization Expense	Amount
	(in thousands)
2022	$	19,841
2023		18,146
2024		17,283
2025		17,021
2026		16,811
Thereafter		94,366
	$	183,468

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Topic 350
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