Quarterly report pursuant to Section 13 or 15(d)

Other Operating Expense, Net

v3.19.3
Other Operating Expense, Net
 9 Months Ended
Sep. 30, 2019
Other Income and Expenses [Abstract]  
Other Operating Expense, Net
8. Other Operating Expense, Net:
A summary of other operating expense, net is as follows:
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
Amortization expense
 
$
8,607

 
$
8,711

 
$
25,907

 
$
26,404

Transaction and other related costs
 
2,930

 
215

 
3,938

 
827

Net (gain) loss on asset disposals(1)
 
1,136

 
5,202

 
(7,697
)
 
11,106

Insurance recoveries(2)
 
—

 
—

 
—

 
(1,557
)
Environmental related costs
 
1,174

 
39

 
2,501

 
526

Other, net
 
1,948

 
2,334

 
3,704

 
4,382

 
 
$
15,795

 
$
16,501

 
$
28,353

 
$
41,688

 
 
 
 
 
 
 
 
 
 
(1) 
During the nine months ended September 30, 2019, the Company recognized a gain of $11,362 related to the sale of a product line. Refer to Note 6 of these condensed consolidated financial statements for additional details.
(2) 
During the nine months ended September 30, 2018, the Company recognized $2,500 of insurance recoveries in its condensed consolidated statements of income related to the Company’s claim for losses sustained during Hurricane Harvey in August 2017. For the nine months ended September 30, 2018, $1,557 was recorded as a gain in other operating expense, net, as reimbursement of expenses, $207 was recorded as a gain in net loss on asset disposals within other operating expense, net, for the Company’s previously recognized property losses, and $736 represented recoveries in excess of the Company’s property losses which was recorded as a non-operating gain in other expense, net, in the Company’s condensed consolidated statements of income.