Quarterly report [Sections 13 or 15(d)]

Other Operating Expense, Net

v3.25.2
Other Operating Expense, Net
6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
Other Operating Expense, Net

6. OTHER OPERATING EXPENSE, NET

Other operating expense, net is comprised of the following:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Litigation expenses and accruals for legal contingencies

 

$

2.8

 

 

$

9.2

 

 

$

4.4

 

 

$

14.0

 

Provision for credit losses, net of recoveries

 

 

12.8

 

 

 

 

 

$

12.8

 

 

$

 

Gain on insurance recoveries

 

 

 

 

 

(3.2

)

 

 

 

 

 

(3.2

)

Transaction costs

 

 

3.3

 

 

 

 

 

 

3.5

 

 

 

 

Lease termination

 

 

0.8

 

 

 

 

 

 

0.8

 

 

 

 

Severance charges

 

 

0.4

 

 

 

1.1

 

 

 

0.4

 

 

 

1.8

 

(Gain) loss on disposal of assets

 

 

5.2

 

 

 

0.3

 

 

 

8.6

 

 

 

(1.1

)

Supply commitment charge

 

 

 

 

 

 

 

 

 

 

 

0.2

 

Total

 

$

25.3

 

 

$

7.4

 

 

$

30.5

 

 

$

11.7

 

Litigation expenses and accruals for legal contingencies generally represent legal and professional fees incurred in litigation as well as estimates for loss contingencies with regards to certain vendor disputes and litigation matters. In the periods

presented, substantially all of these costs represent litigation costs incurred in connection with certain patent infringement lawsuits.

Provision for credit losses primarily related to a revised estimate of the payments to be received from an insolvent customer.

The transaction costs for the three and six months ended June 30, 2025 represent legal and professional fees incurred for strategic initiatives.

Severance charges relate to the departure of certain highly-compensated employees.

(Gain) loss on disposal of assets, net consists of gains and losses on the sale of excess property, early equipment disposals and other asset dispositions.

Supply commitment charges for the three and six months ended June 30, 2024, represent charges related to contractual inventory purchase commitments to certain proppant suppliers.