XML 42 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Income
12 Months Ended
Dec. 31, 2017
Other Income and Expenses [Abstract]  
Other Income
Other Income
The following table summarizes the Company’s other income for the three years ended December 31, 2017, 2016, and 2015.
 
 
2017
 
2016
 
2015
Gain on Protective Coatings Field Service asset sale (a)
 
$
(487
)
 
$

 
$

Gain on Rail Segment patent sale (b)
 
(500
)
 

 

Gain on Tucson, AZ asset sale (c)
 

 

 
(2,279
)
Foreign currency losses (gains)
 
804

 
12

 
(1,616
)
Remeasurement gain on equity method investment (d)
 

 

 
(580
)
Legal settlement gain (e)
 

 

 
(460
)
Other
 
(184
)
 
(1,535
)
 
(650
)
 
 
$
(367
)
 
$
(1,523
)
 
$
(5,585
)

a)
On August 7, 2017, the Company sold the assets of its Protective Coatings Field Services business for $1,200, resulting in a pre-tax gain on sale of $487 within our Tubular and Energy Services segment.
b)
On August 8, 2017, the Company sold its rights in European transit rail patents. The gain on sale of $500 was recorded within the Rail Products and Services segment.
c)
On December 23, 2015, the Company sold certain assets related to the former Tucson, AZ precast concrete tie facility for $2,750 resulting in a pre-tax gain on sale of $2,279.
d)
On November 23, 2015, the Company acquired the remaining 75% of shares of Tew Plus resulting in a gain of $580, which is recorded within other income as of December 31, 2015. The gain is included in equity loss (income) and remeasurement gain within the Consolidated Statements of Cash Flows.
e)
During the fourth quarter of 2015 the Company received $460 from the Steel Antitrust Settlement Fund related to a claim regarding steel purchased by the Company between 2005 and 2007.