XML 38 R19.htm IDEA: XBRL DOCUMENT v3.22.4
Other Income (Expense), Net (Notes)
12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Other Income (Expense), Net 9. OTHER INCOME (EXPENSE), NET
Other income (expense), net consists of the following:
(In thousands)202220212020
Gain (loss) on investment in kaléo(a)
$1,406 $12,780 $(60,900)
One-time tax credit in Brazil for unemployment/social security insurance non-income taxes resulting from a favorable decision by Brazil’s Supreme Court regarding the calculation of such tax 8,486 — 
COVID-19-related expenses(b)
(350)(624)(2,231)
Loss on sale of Bright View Technologies — (2,299)
Other(121)(266)(1,864)
Total$935 $20,376 $(67,294)
(a) In May 2022, additional cash consideration of $1.4 million was received related to customary post-closing adjustments. The gain in 2021 includes a $0.3 million dividend received from kaléo in the first quarter of 2021. See Note 16 for additional information.
(b) Costs associated with operating under COVID-19 conditions include employee overtime expenses associated with absenteeism, personal protective equipment supplies and facility maintenance.
In May 2021, the Brazil Supreme Court ruled in a leading case related to the amount of Brazilian value-added tax to exclude from the calculation of unemployment/social security insurance non-income taxes (“PIS/COFINS”). As a result, in the second quarter of 2021, the Company recorded a pre-tax gain of $8.5 million for certain excess PIS/COFINS paid from 2003 to 2021, that included applicable interest, which the Company applied to required Brazilian federal tax payments during 2021. The pre-tax gain was recorded in “Other income (expense), net” in the consolidated statements of income.
In December 2020, the Company entered into a definitive agreement and completed the sale of Bright View Technologies, which resulted in the recognition of a pre-tax loss of $2.3 million ($1.8 million after-tax).