Asset Retirement Obligations

12 Months Ended

Dec. 31, 2019

Asset Retirement Obligation Disclosure [Abstract]

Asset retirement obligations (“ARO”) consist primarily of costs to deinstall the Company’s ATMs and, in some cases, restore the ATM sites to their original condition, which are estimated based on current market rates. In most cases, the Company is contractually required to perform this deinstallation of its owned ATMs and in some cases, site restoration work. For each group of similar ATM types, the Company has recognized the estimated fair value of the ARO as a liability in the accompanying Consolidated Balance Sheets and capitalized that cost as part of the cost basis of the related asset. The related assets are depreciated on a straight-line basis over the asset’s estimated useful life, which is the estimated average time period that an ATM is installed in a location before being deinstalled, and the related liabilities are accreted to their full value over the same period of time.

The changes in the Company’s ARO liability consisted of the following:



	December 31, 2019			December 31, 2018
	(In thousands)
Beginning balance asset retirement obligations	$	61,223		$	69,757
Additional obligations	3,721			9,914
Accretion expense	1,540			1,861
Change in estimates	—			462
Payments	(6,041		)	(16,694		)
Foreign currency translation adjustments	752			(4,077		)
Ending balance asset retirement obligations	61,195			61,223
Less: current portion of asset retirement obligations	5,701			6,810
Ending balance asset retirement obligations, excluding current portion	$	55,494		$	54,413

For additional information related to the Company’s AROs with respect to its fair value measurements, see Note 18. Fair Value Measurements.