text: In June 2001, the FASB issued SFAS No. 143, “Accounting for Asset Retirement Obligations.” SFAS No. 143 
  requires the Company to record the fair value of an asset retirement obligation as a liability in the period in which it 
  incurs a legal obligation associated with the retirement of tangible long-lived assets that result from acquisition, 
  construction, development and/or normal use of the assets. The Company also records a corresponding asset, which is 
  depreciated over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the 
  obligation will be adjusted at the end of each period to reflect the passage of time and changes in the estimated future 
  cash flows underlying the obligation. The Company adopted SFAS No. 143 on January 1, 2003. The impact of the 
  adoption of SFAS No. 143 was the recording of a capitalized asset retirement obligation of $158 thousand, the related 
  accumulated depreciation of $32 thousand, the present value of the future removal obligation of $249 thousand, and the 
  cumulative effect of the accounting change of $76 thousand after taxes recorded on the consolidated statements of 
  income. 
  
  The Company recorded the retirement obligation on towers owned where there is a legal obligation to remove the 
  tower at the time the Company discontinues its use. The obligation was estimated based on the size of the tower. The 
  Company’s cost to remove the towers is amortized over the life of the tower. The pro forma liability on January 1, 
  2002 would have been $236 thousand, and was $249 thousand on December 31, 2002. On December 30, 2003, the 
  liability was $300 thousand. The current year expense for the accretion and depreciation related to the adoption of 
  SFAS No.143 is approximately $20 thousand before taxes. 