Asset Retirement Obligations

12 Months Ended

Dec. 31, 2011

6. Asset Retirement Obligations

CRA records asset retirement obligations for which the liability's fair value can be reasonably estimated. CRA recognizes asset retirement obligations related to lease restoration obligations if required by a lease agreement. The asset retirement obligations consist primarily of the costs associated with restoring leased space to the condition it was in prior to CRA's occupancy or to pay the landlord for the cost to do so.

The changes in the carrying amount of asset retirement obligations as of December 31, 2011, January 1, 2011, and November 27, 2010 are as follows (in thousands):


Balance at November 28, 2009	$	881
Accretion		34
Adjustments		15
Effect of foreign currency translation		(30	)

Balance at November 27, 2010		900
Accretion		3
Adjustments		(5	)
Effect of foreign currency translation		(8	)

Balance at January 1, 2011		890
Accretion		34
Effect of foreign currency translation		(2	)

Balance at December 31, 2011	$	922

Asset retirement obligations are recorded within "accrued expenses" and "deferred rent and other non-current liabilities" on the balance sheet.

- 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.

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