| Other Operating Expense, Net |
9. Other Operating Expense, Net:
A summary of other operating expense, net is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended
December 31, |
|
|
2018 |
|
2017 |
|
2016 |
Amortization expense |
|
$ |
35,025 |
|
|
$ |
32,010 |
|
|
$ |
25,263 |
|
Transaction and other related costs(1)
|
|
776 |
|
|
7,415 |
|
|
4,952 |
|
Restructuring and other related costs (Note 24) |
|
6,208 |
|
|
8,490 |
|
|
12,630 |
|
Net loss on asset disposals |
|
6,574 |
|
|
5,793 |
|
|
4,216 |
|
Intangible asset impairment charge (Note 14) |
|
— |
|
|
— |
|
|
6,873 |
|
Management advisory fees (Note 26) |
|
— |
|
|
3,777 |
|
|
3,584 |
|
Insurance recoveries(2)
|
|
(5,480 |
) |
|
— |
|
|
— |
|
Write-off of long-term supply contract obligation (Note 25) |
|
(20,612 |
) |
|
— |
|
|
— |
|
Other, net |
|
6,959 |
|
|
6,740 |
|
|
4,783 |
|
|
|
$ |
29,450 |
|
|
$ |
64,225 |
|
|
$ |
62,301 |
|
|
|
|
|
|
|
|
|
|
(1) |
Transaction and other related costs for the years ended December 31, 2018 and 2017 primarily include transaction costs associated with the Company’s IPO, exclusive of the direct costs recorded in stockholders’ equity net of the proceeds from the offering (see Note 1 to these consolidated financial statements for further information) and the Acquisition (see Note 8). Transaction and other related costs for the year ended December 31, 2016 primarily include transaction costs directly attributable to the Business Combination (see Note 7) as well as other business development costs.
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|
|
(2) |
During the year ended December 31, 2018, the Company recognized $6,450 of insurance recoveries in its consolidated statement of operations related to the Company’s claim for losses sustained during Hurricane Harvey in August 2017. For the year ended December 31, 2018, $5,480 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 $813 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 consolidated statement of operations.
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|