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CLOSURE AND POST-CLOSURE LIABILITIES | 12 Months Ended
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Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract] |
CLOSURE AND POST-CLOSURE LIABILITIES | CLOSURE AND POST-CLOSURE LIABILITIES The changes to closure and post-closure liabilities (also referred to as "asset retirement obligations") from January 1, 2021 through December 31, 2022 were as follows (in thousands):
| Landfill Retirement Liability |  | Non-Landfill Retirement Liability |  | Total
Balance at January 1, 2021 | $ | 48,412 |  |  | $ | 39,514 |  |  | $ | 87,926 |
Liabilities assumed in acquisitions | — |  |  | 1,446 |  |  | 1,446 |
New asset retirement obligations | 2,443 |  |  | — |  |  | 2,443 |
Accretion | 3,655 |  |  | 3,702 |  |  | 7,357 |
Changes in estimates recorded to consolidated statement of operations | 2,287 |  |  | 396 |  |  | 2,683 |
Changes in estimates recorded to consolidated balance sheet | 2,297 |  |  | 1,415 |  |  | 3,712 |
Expenditures | (5,818) |  |  | (784) |  |  | (6,602) |
Currency translation and other | 149 |  |  | (11) |  |  | 138 |
Balance at December 31, 2021 | 53,425 |  |  | 45,678 |  |  | 99,103 |
Liabilities assumed in acquisitions | — |  |  | 55 |  |  | 55 |
Measurement period adjustments from prior period acquisitions | — |  |  | 1,148 |  |  | 1,148 |
New asset retirement obligations | 3,743 |  |  | — |  |  | 3,743 |
Accretion | 4,605 |  |  | 4,147 |  |  | 8,752 |
Changes in estimates recorded to consolidated statement of operations | 1,063 |  |  | 5,712 |  |  | 6,775 |
Changes in estimates recorded to consolidated balance sheet | 3,219 |  |  | 1,742 |  |  | 4,961 |
Expenditures | (3,373) |  |  | (1,778) |  |  | (5,151) |
Currency translation and other | (431) |  |  | (154) |  |  | (585) |
Balance at December 31, 2022 | $ | 62,251 |  |  | $ | 56,550 |  |  | $ | 118,801 |
The Company is in the process of closing two of its commercial landfill sites. The Altair landfill reached its permitted capacity in 2020 and the Westmorland landfill was closed due to the costs of obtaining and maintaining permits and operating the landfill. The changes in estimates recorded to the consolidated statement of operations includes $0.6 million and $2.3 million in 2022 and 2021, respectively, related to the closure of these two commercial landfills. The remainder of the change in estimate recorded to the consolidated statement of operations in 2022 was predominately the result of updated cost estimates for the planned closure of two non-landfill locations expected to commence in 2023. Anticipated payments (based on current estimated costs and anticipated timing of necessary regulatory approvals to commence work on closure and post-closure activities) for each of the next five years and thereafter are as follows (in thousands):
Years ending December 31, |
2023 | $ | 14,414 |
2024 | 14,733 |
2025 | 12,808 |
2026 | 8,369 |
2027 | 7,420 |
Thereafter | 290,366 |
Undiscounted closure and post-closure liabilities | 348,110 |
Less: Discount at credit-adjusted risk-free rate | (153,062) |
Less: Undiscounted estimated closure and post-closure liabilities relating to airspace not yet consumed | (76,247) |
Present value of closure and post-closure liabilities | $ | 118,801 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2175671 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
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