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Manufacturing Facility Fire and Insurance Recovery (Notes)
3 Months Ended
Mar. 31, 2023
Insurance Recoveries [Abstract]  
Manufacturing Facility Fire and Insurance Recovery
15. MANUFACTURING FACILITY FIRE AND INSURANCE RECOVERY

In the third quarter of 2020, a significant industrial fire occurred at our Malvern Manufacturing Facility in Ohio (Malvern Fire). All associates were evacuated safely and without injury and we were able to maintain continuity of supply to our customers without any significant disruptions. In the fourth quarter of 2022, we finalized the claim with our insurance providers. In January 2023, we collected the final $24.0 million associated with this claim, of which $7.0 million has been presented as an operating cash inflow and $17.0 million has been presented as an investing cash inflow in our Condensed Consolidated Statement of Cash Flows for the first quarter of 2023. There was no impact on our Condensed Consolidated Statement of Operations for the three months ended March 31, 2023 associated with the Malvern Fire.
Our insurance policies covered the repair, replacement or actual cash value of the assets that incurred loss or damage, less our applicable deductible of $1.0 million. In addition, our insurance policies provided coverage for interruption to our business, including lost or reduced profits and reimbursement for certain expenses and costs that were incurred related to the fire. In the three months ended March 31, 2022, we recorded $0.7 million of charges primarily related to transportation and freight and other costs incurred to resume or relocate operations and ensure continuity of supply to our customers. We also recorded an estimated insurance recovery of $6.2 million and received reimbursements and advances under our insurance policies of approximately $3.6 million, which were presented as an operating cash flow in our Condensed Consolidated Statement of Cash Flows. This resulted in net pre-tax income in our Condensed Consolidated Statement of Operations of approximately $5.5 million in Cost of goods sold for the three months ended March 31, 2022.