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Asset Retirement Obligations
12 Months Ended
Dec. 31, 2021
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligations

11. ASSET RETIREMENT OBLIGATIONS

The Company’s asset retirement obligation includes the costs associated with the removal of its structures, resurfacing of the land and retirement cost, if applicable, related to the Company’s outdoor advertising portfolio. The following table reflects information related to our asset retirement obligations.

 

 

Balance at December 31, 2019

 

 

$

5,623

 

Purchase price allocation adjustment

 

 

 

29

 

Accretion expense

 

 

 

726

 

Liabilities settled

 

 

 

(62

)

Balance at December 31, 2020

 

 

$

6,316

 

Additions to asset retirement obligations

 

 

 

179

 

Accretion expense

 

 

 

848

 

Liabilities settled

 

 

 

(76

)

Balance at December 31, 2021

 

 

$

7,267