Asset Retirement And Environmental Obligations

12 Months Ended

Dec. 31, 2011

Asset Retirement And Environmental Obligations [Abstract]

Asset Retirement And Environmental Obligations

7. Asset Retirement and Environmental Obligations

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property, plant and equipment for the years ended December 31, 2011 and 2010 (in thousands):


		2011		2010
Carrying amount at beginning of period	$	491	$	339
Liabilities incurred		174		105
Liabilities settled		-		-
Accretion expense		74		47
Revisions		-		-
Foreign currency translations		-		-
Carrying amount at end of period	$	739	$	491

Current portion	$	-	$	-
Noncurrent portion	$	739	$	491

- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

+ References+ Details