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Other Operating Charges, net (Notes)
3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
Other Operating Income and Expense Other Operating Charges
The major components of “Other operating charges, net” in the Consolidated Statements of Operations for the quarter ended March 31, 2025 and 2024 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,
20252024
Acquisition related costs$— $3.3 
Integration costs3.8 1.5 
Cost reduction plan5.3 — 
Loss on sale or impairment associated with assets0.1 — 
Directors' equity-based compensation expense(0.4)1.2 
Other3.0 — 
$11.8 $6.0 
2025
During the first quarter of 2025, we recorded $11.8 million of expense in "Other operating charges, net." The main components of the expense include:
expense of $3.8 million associated with integration activities related to the Augusta operations;
expense of $5.3 million associated with our cost reduction plan (primarily severance cost);
expense of $0.1 million associated with impairment of assets; 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.
2024
During the first quarter of 2024, we recorded $6.0 million of expense in "Other operating charges, net." The components of the expense include:
expense of $3.3 million associated with acquisition activities (primarily legal and professional services);
expense of $1.5 million associated with restructuring and integration activities (primarily professional services); and
expense of $1.2 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.