Other Operating Charges, net (Notes) |
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| Other Income and Expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Operating Income and Expense | OTHER OPERATING CHARGES, NET The major components of “Other operating charges, net” in the Consolidated Statements of Operations for the quarter and six months ended June 30, 2026 and 2025 are reflected in the table below and described in the paragraphs following the table. These items are considered outside of our core operations.
2026 During the second quarter of 2026, we recorded $7.5 million of income in "Other Operating Charges, Net." The main components include: •expense of $1.3 million associated with our cost reduction plan; •expense of $1.6 million associated with union settlement retroactive wage payments incurred for the year ended December 31, 2025; •proceeds of $11.4 million related to claims made on our representations and warranties insurance policy; and •expense of $0.4 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price. During the first quarter of 2026, we recorded $11.1 million of income in "Other Operating Charges, Net." The main components include: •expense of $0.7 million associated with our cost reduction plan; •proceeds of $11.9 million related to claims made on our representations and warranties insurance policy; and •reversal of expense of $0.7 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price. 2025 During the second quarter of 2025, we recorded $7.1 million of expense in "Other Operating Charges, Net." The main components include: •expense of $0.9 million associated with integration activities related to the Augusta operations; •expense of $0.8 million associated with our cost reduction plan (primarily severance cost); •expense of $3.1 million associated with impairment of assets; and •expense of $0.9 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price. During the first quarter of 2025, we recorded $11.8 million of expense in "Other Operating Charges, Net." The main components include: •expense of $3.8 million associated with integration activities related to the Augusta operations; •expense of $5.3 million associated with our cost reduction plan (primarily severance cost); •expense of $0.1 million associated with impairment of assets; and •reversal of expense of $0.4 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.
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