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Other Income, Net | 9 Months Ended
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Sep. 30, 2022
Other Income And Expenses [Abstract] |
Other Income, Net | Note 11 – Other income, net: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended
​ | ​ | September 30,
​ |  | 2021 |  | 2022
​ | ​ | (In millions)
Interest income and other: |  | ​ |  |  | ​ |
Interest and dividends |  | $ | 2.8 |  | $ | 6.2
Securities transactions, net | ​ | ​ | .1 | ​ | ​ | (.6)
Total | ​ | ​ | 2.9 | ​ | ​ | 5.6
Infrastructure reimbursement | ​ |  | 6.2 | ​ |  | 10.8
Gain on land sales | ​ | ​ | 16.0 | ​ | ​ | —
Currency transactions, net | ​ | ​ | 1.2 | ​ | ​ | 17.1
Insurance recoveries | ​ | ​ | — | ​ | ​ | 2.7
Other, net | ​ | ​ | 1.6 | ​ | ​ | 1.9
Total | ​ | $ | 27.9 | ​ | $ | 38.1
​ In the first nine months of 2021 we sold excess property not used in our operations for net proceeds of approximately $23.4 million and recognized a pre-tax gain of $16.0 million. ​ Infrastructure reimbursement – As disclosed in Note 7 to our 2021 Annual Report, under an Owner Participation Agreement (“OPA”) entered into by LandWell with the Redevelopment Agency of the City of Henderson, Nevada, as LandWell develops certain real property for commercial and residential purposes in its master planned community in Henderson, Nevada, the cost of certain public infrastructure may be reimbursed to LandWell through tax increment. During the first nine months of 2021 and 2022, LandWell received approval for additional tax increment reimbursement of $6.2 million (all in the first quarter) and $10.0 million (all in the third quarter); respectively, which was recognized as other income and is evidenced by a promissory note issued to LandWell by the City of Henderson. ​ LandWell also has an agreement with the energy utility providing electric power to the Cadence master planned community under which certain costs incurred for the development of power infrastructure may be reimbursed to LandWell. During the first nine months of 2022, LandWell received $.8 million (all in the second quarter) in reimbursement for past costs incurred. ​ Insurance recoveries – On August 24, 2020, LPC temporarily halted production due to Hurricane Laura. Although storm damage to core processing facilities was not extensive, a variety of factors, including loss of utilities and limited access and availability of employees and raw materials, prevented the resumption of operations until September 25, 2020. The majority of Kronos’ losses from property damage and its share of LPC’s lost production and other costs resulting from the disruption of operations were covered by insurance. Kronos recognized a gain of $2.7 million related to its business interruption claim in the third quarter of 2022. ​ ​

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI https://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI https://asc.fasb.org/topic&trid=49130413 + Details
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