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3/25/22, 9:42 AM Table of Contents Changes in AOCI, net of tax, are as follows (in thousands): road -20210930 AOCI Interest Rate Hedge Balance at September 30, 2018 $ — Net OCI changes Balance at September 30, 2019 Net OCI changes Balance at September 30, 2020 Net OCI changes Balance at September 30, 2021 (23) $ (23) Amounts reclassified from AOCI to earnings, are as follows (in thousands): 2021 2020 2019 Interest expense $ 224 $ — $ — Benefit from income taxes (56) — — Total reclassifications from AOCI to earnings $ 168 $ — $ — Note 24 - Asset Retirement Obligations As discussed in Note 2, the Company has asset retirement obligations ("AROs"), which are liabilities associated with our legally required obligations to reclaim owned and leased aggregates facilities. At September 30, 2021 and 2020, the Company's AROs were $2.8 million and $0.0 million, respectively, which are reflected as "Other long-term liabilities" on the Company's Consolidated Balance Sheets. Accretion and depreciation expense related to AROs for the fiscal years ended September 30, 2021, 2020 and 2019 was $0.0 million, S0.0 million and $0.0 million, respectively. The following is a reconciliation of these asset retirement obligations (in thousands): For the Fiscal Year Ended September 30, 2021 2020 Asset Retirement Obligations Balance at beginning of year $ — $ — Liabilities incurred 2,070 — Liabilities settled — — Liabilities assumed 718 — Accretion expense — — Balance at end of year $ 2,788 $ — (1) See Note 4 - Business Acquisitions Note 25 - COVID-19 Pandemic The Company is closely monitoring the impact of the COVID-19 pandemic on all aspects of its business, including how it has impacted and may continue to impact the Company's customers, employees, suppliers, and vendors. While the Company did not incur significant disruptions in its operations from the COVID-19 pandenic during the fiscal year ended September 30, 2021, due to the uncertainties surrounding the COVID-19 pandemic, it is unable to predict the impact that the COVID-19 pandemic will have on its financial position, operating results and cash flows in future periods. As the Company continues to monitor the impacts of the pandemic on its financial position, operating results, and cash flows, it will consider and evaluate the need for any additional workforce actions in future periods. The Company is monitoring the executive order requiring vaccinations for certain employees of federal contractors and the emergency temporary standard issued by OSHA mandating vaccination or testing and masking requirements for companies with more than 100 employees. https:tlwww.sec.gov/Archivestedgarldata/0001718227/000171822721000107/road-202l0930.htm 129/144