Other Operating Charges, net

12 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

The major components of “Other operating charges, net” in the Consolidated Statements of Operations for the years ended December 31 are reflected in the table below:


	Years Ended December 31,
	2022		2021		2020
Costs associated with mill closure	$	0.4	$	50.0	$	(1.4)
Reorganization and other expenses	1.6		8.4		3.4
Union settlement	—		—		6.6
Miscellaneous environmental accruals	—		(1.8)		2.5
Impairment of equipment	6.1		—		—
Directors' equity-based compensation expense	0.9		1.1		2.9
Other	0.7		—		—
	$	9.7	$	57.7	$	14.0

2022

During 2022, we recorded a $9.7 million net loss in "Other operating charges, net". The components of the net loss include:

•expense of $0.4 million associated with mill closure costs,

•loss of $6.1 million associated with the impairment of fixed assets,

•expenses of $1.6 million related to reorganization and other expenses including consulting fees associated with our efforts to achieve long-term performance improvements, and

•expense of $0.9 million relating to directors' equity based compensation which is remeasured each period based upon changes in our stock price.

2021

During 2021, we recorded a $57.7 million net loss in "Other operating charges, net". The components of the net loss include:

•expense of $50.0 million associated with mill closure, and subsequent sale of land, building and related equipment, including $37.2 million associated with the impairment of fixed assets and certain inventory and $12.8 million associated with severance and other related closure costs,

•expenses of $8.4 million related to reorganization and other expenses including consulting fees associated with our efforts to achieve long-term performance improvements,

•gain of $1.8 million associated with the release of asset retirement obligations attributable to divested assets, and

•expense of $1.1 million relating to directors' equity based compensation which is remeasured each period based upon changes in our stock price.

2020

During 2020, we recorded a $14.0 million net loss in "Other operating charges, net". The components of the net loss include:

•expenses of $3.4 million related to reorganization expenses (primarily related to corporate expenses),

•expenses of $6.6 million associated with union settlement retroactive wage payments ($2.6 million associated with Consumer Products and $4.0 million associated with Paperboard segments),

•expenses of $2.5 million associated with certain environmental liabilities primarily related to asbestos remediation,

•expense of $2.9 million relating to directors' equity based compensation which is remeasured each period based upon changes in our stock price, and

•gain of $1.4 million attributable to the final settlement and escrow release associated with the 2018 divestiture of our Ladysmith Consumer Products facility.