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Other (Income) Expense, Net

9 Months Ended

Sep. 30, 2025

Other Income and Expenses [Abstract]

Other (Income) Expense, Net

13. OTHER (INCOME) EXPENSE, NET

The components of other (income) expense, net, are as follows (in thousands):

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2025				2024				2025				2024
(Gain) loss on sale of assets		$	(146	)		$	364			$	(369	)		$	(390	)
Results of non-consolidated subsidiaries			194				(108	)			401				(207	)
Foreign exchange (gain) loss, net			354				(239	)			841				435
Rents and royalties			(8	)			(882	)			(24	)			(1,683	)
Return on pension assets and other pension costs			(312	)			(314	)			(893	)			(891	)
Assets write-down, loss on lease abandonment and other exit costs			—				—				707				1,809
Insurance recovery - business interruption and costs			(52	)			(1,151	)			(1,031	)			(3,481	)
Insurance recovery - property, plant and equipment			(5,253	)			(2,074	)			(6,830	)			(2,074	)
Severance and other charges			—				—				2,256				824
Other, net			(367	)			(125	)			(1,280	)			(415	)
Total other (income) expense, net		$	(5,590	)		$	(4,529	)		$	(6,222	)		$	(6,073	)

During the nine months ended September 30, 2025 and 2024, as a result of consolidating and exiting certain facilities in the U.S. and other international locations, we recognized a write-down of the associated leasehold improvements, right of use assets and other assets and incurred lease abandonment and other exit costs of $0.7 million and $1.8 million, respectively.

In February 2024, we had a fire incident at our Aberdeen, U.K. facility and we have recorded insurance recovery associated with business interruptions, increase in cost of work, and loss on property and assets during the three and nine months ended September 30, 2025 and 2024. During the three months ended September 30, 2025, Core Lab reached final settlement with the insurance company and recorded a gain of approximately $5.2 million on the insurance recovery.

Foreign exchange (gain) loss, net by currency is summarized in the following table (in thousands):

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2025				2024				2025				2024
British Pound		$	(48	)		$	(64	)		$	(108	)		$	6
Canadian Dollar			43				(13	)			(11	)			60
Colombian Peso			(38	)			44				(98	)			13
Euro			(30	)			201				772				266
Indonesian Rupiah			100				(332	)			133				(107	)
Russian Ruble			144				(4	)			(189	)			10
Swedish Krona			5				23				128				(7	)
Other currencies, net			178				(94	)			214				194
Foreign exchange (gain) loss, net		$	354			$	(239	)		$	841			$	435

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- References

No definition available.

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/720/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 610
-Publisher FASB
-URI https://asc.fasb.org/610/tableOfContent

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