| Schedule of Other Nonoperating Income (Expense) |
A summary of other operating expense, net is as follows:
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Three months ended
June 30, |
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Six months ended
June 30, |
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2018 |
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2017 |
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2018 |
|
2017 |
Amortization expense |
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$ |
8,744 |
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$ |
8,290 |
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$ |
17,693 |
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$ |
14,124 |
|
Transaction and other related costs(1)
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|
190 |
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|
2,954 |
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|
612 |
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|
4,329 |
|
Restructuring and other related costs (Note 18) |
|
10 |
|
|
276 |
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|
130 |
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|
1,472 |
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Net loss on asset disposals(2)
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|
4,752 |
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|
2,577 |
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|
5,904 |
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|
2,925 |
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Management advisory fees |
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— |
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|
1,250 |
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— |
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|
2,500 |
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Insurance proceeds(2)
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(313 |
) |
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— |
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(1,557 |
) |
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— |
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Other, net |
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2,490 |
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1,629 |
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|
2,405 |
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|
1,974 |
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$ |
15,873 |
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$ |
16,976 |
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$ |
25,187 |
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$ |
27,324 |
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(1) |
Transaction and other related costs for the three and six months ended June 30, 2018 and 2017 primarily include transaction costs associated with the Company’s initial public offering (exclusive of the direct costs recorded in stockholders’ equity net of the proceeds from the offering) and the Acquisition (see Note 6 to these condensed consolidated financial statements for further information).
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(2) |
During the three and six months ended June 30, 2018, the Company recognized $1,000 and $2,500, respectively, of insurance proceeds in its condensed consolidated statement of operations related to the Company’s claim for losses sustained during Hurricane Harvey in August 2017. For the three months ended June 30, 2018, $264 was recorded as a gain in other operating expense, net, as reimbursement of expenses, while the remaining $736 represented proceeds 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 operations. For the six months ended June 30, 2018, $1,557 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 $736 represented proceeds 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 operations.
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