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Other operating expense
12 Months Ended
Dec. 31, 2023
Analysis of income and expense [abstract]  
Other operating expense Other operating expense:
December 31, 2023December 31, 2022
Net impairment loss on trade receivables$1,498 $73 
Restructuring and related costs1,512 482 
Acquisition related costs773 2,857 
$3,783 $3,412 
During the year ended December 31, 2023, the Corporation recorded a net impairment loss on trade receivables of $1,498,000 (2022 - $73,000), consisting primarily of various receivables no longer deemed collectible. In the event that the Corporation recovers any amounts previously recorded as impairment losses, the recovered amount will be recognized as a reversal of the impairment loss in the period of recovery.
25. Other operating expense (cont'd):
During the year ended December 31, 2023, total restructuring and related charges of $1,512,000 (2022 - $482,000) relate primarily to certain cost cutting measures and related personnel costs.
Acquisition related costs of $773,000 (2022 - $2,857,000) for the year ended December 31, 2023 consist primarily of other legal, advisory, and transaction related costs incurred due to corporate development activities.