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Note 7. Asset Retirement Obligations
9 Months Ended
May 25, 2013
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation Disclosure [Text Block]

7. Asset Retirement Obligations


The Company recognizes asset retirement obligations in the period in which they are incurred if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The Company continues to depreciate, on a straight-line basis, the amount added to property, plant and equipment and recognizes accretion expense in connection with the discounted liability over the various remaining lives which range from approximately one to thirty-one years.


A reconciliation of the Company’s asset retirement liability is as follows (in thousands):


 

May 25, 2013

Beginning balance as of August 25, 2012

  $ 10,120

Accretion expense

    497

Ending balance as of May 25, 2013

  $ 10,617

Asset retirement obligations are included in long-term accrued liabilities in the accompanying Consolidated Balance Sheet.