7. Other Operating Expense, Net:
A summary of other operating expense, net is as follows:
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Three months ended
March 31, |
|
|
2019 |
|
2018 |
Amortization expense |
|
$ |
8,664 |
|
|
$ |
8,949 |
|
Net loss on asset disposals(1)
|
|
820 |
|
|
1,152 |
|
Insurance recoveries(1)
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|
— |
|
|
(1,244 |
) |
Environmental related costs |
|
479 |
|
|
89 |
|
Other, net |
|
776 |
|
|
368 |
|
|
|
$ |
10,739 |
|
|
$ |
9,314 |
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|
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(1) |
During the three months ended March 31, 2018, the Company recognized $1,500 of insurance recoveries in its condensed consolidated statement of income related to the Company’s claim for losses sustained during Hurricane Harvey in August 2017. Of this amount, $1,244 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 $49 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 condensed consolidated statement of income.
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