v3.26.1
Other Expense (Income), net
6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Other Expense (Income), net Other Expense (Income), net
The following table presents the details of other expense (income), net:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2026202520262025
Loss (gain) on sale of assets$$— $(12,277)$— 
Bank charges219 181 548 335 
Tax Receivable Agreement adjustment— (3,802)— (3,791)
Other313 1,195 215 1,477 
Total other expense (income), net$534 $(2,426)$(11,514)$(1,979)
In the first quarter of 2026, the Company completed the sale of certain landfill assets located at sites that were previously divested as part of prior business disposals. These landfill assets primarily consisted of land and other related fixed assets retained by the Company following the earlier divestitures.

The carrying value of the disposed assets consisted primarily of land and other fixed assets with a net book value of less than $0.1 million. In connection with the sale, the Company also settled associated obligations related to closure and post-closure activities at the landfill sites.

Total consideration received in the transactions was $9.3 million in cash. The Company recognized a pre-tax gain on sale of $12.3 million, which was comprised of (i) cash proceeds in excess of the carrying value of the land assets, net of fees and (ii) the derecognition of $3.1 million of liabilities associated with the sites.

Cash proceeds from the sale are presented within investing activities in the Condensed Consolidated Statements of Cash Flows.

The Company had no significant continuing involvement with the disposed landfill assets following the sale.