Other Operating Charges, net (Notes)

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Other Operating Charges

The major components of “Other operating charges, net” in the Consolidated Statements of Operations for the quarters ended March 31, 2024 and 2023 are reflected in the table below and described in the paragraphs following the table. These items are considered outside of our core operations.


	Quarter Ended March 31,
	2024		2023
Acquisition and project related costs	$	4.2	$	—
Restructuring and integration costs	2.3		—
Loss on sale or impairment associated with assets	0.2		1.1
Directors' equity-based compensation expense	1.2		(0.2)
Other	—		0.2
	$	7.9	$	1.1

2024

During the first quarter of 2024, we recorded $7.9 million of expense in "Other operating charges, net." The main components of the expense include:

•expense of $4.2 million associated with acquisition and project-related activities (primarily legal and professional services) ;

•expense of $2.3 million associated with restructuring and integration activities (primarily professional services);

•loss of $0.2 million associated with the impairment of equipment and related spare parts no longer being used; and

•expense of $1.2 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.

2023

During the first quarter of 2023, we recorded $1.1 million of expense in "Other operating charges, net." The components of the expense include:

•loss of $1.1 million associated with the impairment of equipment and related spare parts no longer being used; and

•reversal of expense of $0.2 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.