The following table summarizes the changes in the Company's asset retirement obligations (in thousands):
|
Fiscal Year: |
2013 | 2012 | |||||
|---|---|---|---|---|---|---|---|
|
Beginning asset retirement obligation |
$ | 6,560 | $ | 4,129 | |||
|
Liabilities incurred during the period |
1,839 | 2,473 | |||||
|
Revisions in estimated retirement obligations |
(9 | ) | 82 | ||||
|
Liabilities settled during the period |
(278 | ) | (345 | ) | |||
|
Accretion expense |
288 | 207 | |||||
|
Currency translation |
(94 | ) | 14 | ||||
| | | | | | | | |
|
Ending asset retirement obligations |
$ | 8,306 | $ | 6,560 | |||
| | | | | | | | |
| | | | | | | | |