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OTHER INCOME

6 Months Ended

Jun. 30, 2021

Other Income and Expenses [Abstract]

OTHER INCOME, NET

OTHER INCOME (EXPENSE)

Other income (expense) consisted of the following (amounts in thousands):

			Three months ended												Six months ended
			June 30,												June 30,
			2021						2020						2021						2020
(Loss) gain sale of assets			$	(626)					$	544					$	165					$	892
Gain on property insurance settlement (1)			—						—						—						4,936
Loss on sale of Wheels India shares			—						(2,005)						—						(703)
Equity investment income (loss)			60						(236)						124						369
Gain on legal settlement (2)			1,750						—						1,750						—
Other income (expense) (3)			48						1,205						(1,175)						1,335
			$	1,232					$	(492)					$	864					$	6,829

(1) The gain on property insurance settlement relates to the receipt of insurance proceeds during the three months ended March 31, 2020 for a 2017 fire that occurred at a facility of TTRC, a subsidiary of the Company, located in Fort McMurray in Alberta, Canada.

(2) The gain on legal settlement relates to proceeds received from a steel supplier.

(3) Other income (expense) includes rental income for our Brownsville, Texas facility of $398 and $714 for the three and six months ended June 30, 2020, respectively.

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- References

No definition available.

+ Details

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- Definition

The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

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