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Other Expense (Income) - net (Tables) | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
Schedule of Other Income | The following table summarizes the Company’s other expense (income) - net for the years ended December 31, 2023 and 2022:
|  | 2023 |  | 2022 |  |
Loss on the sale of Chemtec (a) |  | $ | 2,065 |  |  | $ | — |  |  |
Loss on the sale of Concrete Ties (b) |  | 1,009 |  |  | — |  |  |
Gain on Piling Products division asset sale (c) |  | — |  |  | (489) |  |  |
Insurance proceeds (d) |  | (215) |  |  | (790) |  |  |
Loss on the sale of Track Components (e) |  | — |  |  | 467 |  |  |
Costs recovered from environmental cleanup activities (f) |  | — |  |  | (325) |  |  |
Foreign currency losses |  | 77 |  |  | 434 |  |  |
Other |  | (301) |  |  | (847) |  |  |
Other expense (income) - net |  | $ | 2,635 |  |  | $ | (1,550) |  |  |
a.On March 30, 2023, the Company sold substantially all the operating assets of its Chemtec business, which was inclusive of its entire Precision Measurement Products and Services division, generating a $2,065 pre-tax loss. b.On June 30, 2023, the Company sold substantially all the operating assets of the Ties business, located in Spokane, WA, generating a $1,009 loss on the sale. c.On September 27, 2021, the Company announced it completed the sale of its Piling Products division to J.D. Fields & Company, Inc., resulting in a pre-tax gain of $489 in 2022. d.In 2023 and 2022, the Company received $215 and $790, respectively, in insurance proceeds. e.On August 1, 2022, the Company divested the assets of its rail spikes and anchors track components business located in St-Jean-sur-Richelieu, Quebec, Canada, resulting in a pre-tax loss of $467 in 2022. f.In 2022, the Company received $325 to recover costs associated with environmental cleanup activities in a formerly leased property in Magnolia, TX.

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