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IMPAIRMENT CHARGES | 12 Months Ended
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Dec. 31, 2023
Asset Impairment Charges [Abstract] |
IMPAIRMENT CHARGES | IMPAIRMENT CHARGES 2023 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2023, which are included in Impairment expense in our consolidated statements of operations (in thousands):
|  |  |  |  | U.S. |  | Total
Quarter ended December 31, 2023 |  |  |  |  |  |  |
Long-lived assets |  |  |  |  | $ | 1,395 |  |  | $ | 1,395 |
Total |  |  |  |  | $ | 1,395 |  |  | $ | 1,395 |
Quarter ended December 31, 2023. During the fourth quarter of 2023, we recorded impairment expense of $1.4 million, related to land located in our U.S. market. The land was written down to its estimated fair value (less costs to sell) of $5.9 million. 2022 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2022, which are included in Impairment expense in our consolidated statements of operations (in thousands):
|  |  | Australia |  | U.S. |  | Total
Quarter ended December 31, 2022 |  |  |  |  |  |  |
Long-lived assets |  |  | $ | 3,808 |  |  | $ | 1,913 |  |  | $ | 5,721 |
Total |  |  | $ | 3,808 |  |  | $ | 1,913 |  |  | $ | 5,721 |
Quarter ended December 31, 2022. During the fourth quarter of 2022, we recorded impairment expense of $3.8 million, related to fixed assets in a village located in Western Australia. At December 31, 2022, we identified an impairment trigger due to an expiring contract that was not renewed. Accordingly, the assets were written down to their estimated fair value of $1.8 million. In addition, we recorded impairment expense of $1.9 million, related to fixed assets in a lodge located in our U.S. market. The lodge was written down to its estimated fair value (less costs to sell) of $7.7 million. 2021 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2021, which are included in Impairment expense in our consolidated statements of operations (in thousands):
|  |  | Australia |  |  |  | Total
Quarter ended June 30, 2021 |  |  |  |  |  |  |
Long-lived assets |  |  | $ | 7,935 |  |  |  |  | $ | 7,935 |
Total |  |  | $ | 7,935 |  |  |  |  | $ | 7,935 |
Quarter ended June 30, 2021. During the second quarter of 2021, we recorded impairment expense of $7.9 million related to various undeveloped land positions and related permitting costs in Australia. At June 30, 2021, we identified an impairment trigger related to certain of these properties due to the cancellation of a significant thermal coal project in Australia and our negative expectations related to other possible Australian thermal coal projects becoming viable in the near term. Accordingly, the assets were written down to their estimated fair value of $2.4 million.

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- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
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