Annual report pursuant to Section 13 and 15(d)

Other Operating Expense, Net

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Other Operating Expense, Net
 12 Months Ended
Dec. 31, 2019
Other Income and Expenses [Abstract]  
Other Operating Expense, Net
9. Other Operating Expense, Net:
A summary of other operating expense, net is as follows:
 
 
Years ended
December 31,
 
 
2019
 
2018
 
2017
Amortization expense
 
$
34,553

 
$
35,025

 
$
32,010

Transaction and other related costs(1)
 
3,541

 
776

 
7,415

Restructuring and other related costs (Note 25)
 
2,692

 
6,208

 
8,490

Net (gain) loss on asset disposals(2)
 
(13,068
)
 
6,574

 
5,793

Intangible asset impairment charge (Note 15)
 
1,600

 
—

 
—

Management advisory fees (Note 27)
 
—

 
—

 
3,777

Insurance recoveries(3)
 
—

 
(5,480
)
 
—

Write-off of long-term supply contract obligation (Note 26)
 
—

 
(20,612
)
 
—

Environmental related costs
 
2,999

 
638

 
395

Other, net
 
3,523

 
6,321

 
6,345

 
 
$
35,840

 
$
29,450

 
$
64,225

 
 
 
 
 
 
 
 
(1) 
Transaction and other related costs primarily related to several transactions that were completed, pending or abandoned during the year ended December 31, 2019. Transaction and other related costs for the years ended December 31, 2018 and 2017 primarily include transaction costs associated with the Company’s IPO, exclusive of the direct costs recorded in stockholders’ equity net of the proceeds from the offering (see Note 1 to these consolidated financial statements for further information) and the Acquisition (see Note 7).
(2) 
During the year ended December 31, 2019, the Company recognized a gain of $11,518 related to the sale of a product line and a gain of $7,150 related to a property sale. Refer to Note 8 of these consolidated financial statements for additional details.
(3) 
During the year ended December 31, 2018, the Company recognized $6,450 of insurance recoveries in its consolidated statement of income related to the Company’s claim for losses sustained during Hurricane Harvey in August 2017. For the year ended December 31, 2018, $5,480 was recorded as a gain in other operating expense, net, as reimbursement of expenses, $207 was recorded as a gain in net loss on asset disposals within other operating expense, net, for the Company’s previously recognized property losses, and $763 represented recoveries in excess of the Company’s property losses which was recorded as a non-operating gain in other expense, net, in the Company’s consolidated statement of income.