Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2023

A reconciliation of the Company's beginning and ending aggregate carrying amount of the asset retirement obligations are as follows:


	Coal Mining		Unallocated Items		NACCO Consolidated
Balance at January 1, 2022	$	26,898	$	17,053	$	43,951

Liabilities settled during the period	(223)		(956)		(1,179)
Accretion expense	2,190		1,332		3,522
Revision of estimated cash flows	(405)		113		(292)
Balance at December 31, 2022	$	28,460	$	17,542	$	46,002
Liabilities incurred during the period	1,920		—		1,920
Liabilities settled during the period	(852)		(1,048)		(1,900)
Accretion expense	2,170		1,358		3,528
Revision of estimated cash flows	1,346		1,717		3,063
Balance at December 31, 2023	$	33,044	$	19,569	$	52,613