Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 276

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 276
---
 2,902

        3,373

        Professional fees

        580

        988

        Purchase consideration payable (a)

        1,200

        —

        Other

        3,284

        2,631

        Total accrued expenses and other current liabilities
         
        $
        24,044

        $
        23,674

      Other long-term liabilities consisted of the following (in thousands): 

        December 31,

        2024

        2023

        Security deposits
         
        $
        17,898

        $
        17,749

        Deferred fuel supplier rebates

        23,754

        25,979

        Environmental liabilities

        5,335

        4,054

        Purchase consideration payable (a)

        600

        1,800

        Other

        2,861

        3,352

        Total other long-term liabilities
         
        $
        50,448

        $
        52,934

       (a)	Purchase consideration related to the acquisition of assets from 7-Eleven. 

69 

CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Asset Retirement ObligationsEnvironmental laws in the U.S. require the permanent closure of USTs after the USTs are no longer in service. We have estimated that USTs at our owned sites will remain in service approximately 30 years and that we will have an obligation to close the USTs at that time. For our leased sites, our lease agreements generally require that we remove certain improvements, primarily USTs and signage, upon termination of the lease, and so an asset retirement obligation is incurred upon acquiring the site. There are no assets that are legally restricted for purposes of settling our asset retirement obligations.A roll-forward of our asset retirement obligation is below (in thousands):

        2024

        2023

        Balance at beginning of year
         
        $
        47,909

        $
        46,810

        Recognition of asset retirement obligations

        —

        196

        Changes in estimated cash flows or settlement dates

        (1,217
        )

        (334
        )

        Accretion

        1,873

        2,039

        Obligations settled

        (135
        )

        (