Asset Retirement Obligations

12 Months Ended

Dec. 31, 2022

Asset Retirement Obligation [Abstract]

ASSET RETIREMENT OBLIGATIONS The Company has asset retirement obligations (“AROs”) related to environmental disposal obligations associated with cylinders used to supply customers with gas products, and certain restoration obligations associated with certain of its leased facilities.

Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2022 and 2021 are shown below:


(In thousands)	2022		2021
Balance at beginning of year	$	17,494	$	14,500
Liabilities assumed in acquisitions	12,531		—
Liabilities settled	(453)		(78)
Liabilities incurred	788		3,274
Accretion expense	213		166
Disposition	(2,815)		—
Revision of estimate	277		(368)
Balance at end of year	$	28,035	$	17,494

ARO liabilities expected to be settled within twelve months are included in the consolidated balance sheets in Other accrued liabilities, while all other ARO liabilities are included in Pension benefit obligations and other liabilities in the consolidated balance sheets.