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Other Income (Tables)
 12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Other Income
The following table summarizes the Company’s other income for the years ended December 31, 2022 and 2021.
20222021
Gain on Piling Products division asset sale (a)$(489)$(2,741)
Insurance proceeds (b)(790)— 
Loss on the sale of Track Components (c)467 — 
Costs recovered from environmental cleanup activities (d)(325)— 
Foreign currency losses434 452 
Other(847)(786)
Other income - net$(1,550)$(3,075)
a.On September 27, 2021, the Company announced it completed the sale of its Piling Products division to J.D. Fields & Company, Inc., resulting in a pre-tax gain of $489 and $2,741 in 2022 and 2021, respectively.
b.In 2022, the Company received $790 in insurance proceeds.
c.On August 1, 2022, the Company divested the assets of its rail spikes and anchors track components business located in St-Jean-sur-Richelieu, Quebec, Canada, resulting in a pre-tax loss of $467 in 2022.
d.In 2022, the Company received $325 to recover costs associated with environmental cleanup activities in a formerly leased property in Magnolia, TX.