Other Operating Charges, net

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

The major components of “Other operating charges, net” in the Consolidated Statements of Operations are:


	Years Ended December 31,
	2024		2023		2022
Acquisition related costs	$	14.1	$	1.9	$	—
Integration costs	8.0		—		—
Loss on sale or impairment associated with assets	1.5		0.1		1.5
Directors' equity-based compensation expense	(0.4)		0.9		0.9
Other	0.8		0.3		0.7
	$	24.0	$	3.2	$	3.2

2024

During 2024, we recorded $24.0 million of expense in "Other operating charges, net." The main components of the expense include:

•expense of $14.1 million associated with acquisition activities (primarily legal and professional services);

•expense of $8.0 million associated with integration activities (primarily professional services);

•loss of $1.5 million associated with the impairment of equipment and related spare parts no longer being used; and

•reversal of expense of $0.4 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.

2023

During 2023, we recorded $3.2 million expense in "Other operating charges, net." The components of the expense include:

•expense of $1.9 million related to acquisition activities and other expenses including consulting and legal fees associated with our efforts to achieve long-term performance improvements;

•loss of $0.1 million associated with the impairment of fixed assets; and

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

2022

During 2022, we recorded $3.2 million of expense in "Other operating charges, net." The components of the expense include:

•loss of $1.5 million associated with the impairment of fixed assets; and

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