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IMPAIRMENT CHARGES | 12 Months Ended
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Dec. 31, 2024
Asset Impairment Charges [Abstract] |
IMPAIRMENT CHARGES | IMPAIRMENT CHARGES 2024 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2024, which are included in Impairment expense in our consolidated statements of operations (in thousands):
| Canada |  | Australia |  | U.S. |  | Total
Quarter ended March 31, 2024 |  |  |  |  |  |  |
Long-lived assets | $ | — |  |  | $ | 5,749 |  |  | $ | 2,074 |  |  | $ | 7,823 |
Quarter ended December 31, 2024 |  |  |  |  |  |  |
Long-lived assets | 3,212 |  |  | — |  |  | 546 |  |  | 3,758 |
Total | $ | 3,212 |  |  | $ | 5,749 |  |  | $ | 2,620 |  |  | $ | 11,581 |
Quarter ended December 31, 2024. During the fourth quarter of 2024, we recorded impairment expense of $3.2 million related to recent low activity levels and no associated future cash flows at two lodges in the southern region of the Athabasca oil sands in Canada. The assets were written down to zero. In addition, we recorded impairment expense of $0.5 million, related to fixed assets in a lodge located in our U.S. market. The lodge was written down to its estimated fair value of $0.3 million. Quarter ended March 31, 2024. During the first quarter of 2024, we recorded impairment expense of $5.7 million related to various undeveloped land positions and related permitting costs in Australia. At March 31, 2024, we identified an impairment trigger related to certain of these properties due to the denial of development permit applications in Australia. Accordingly, the assets were written down to their estimated fair value of $0.6 million. In addition, during the first quarter of 2024, we recorded impairment expense of $2.1 million, related to land located in the U.S. The land was written down to its estimated fair value (less costs to sell) of $3.8 million. 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.

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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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