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Other Income
 12 Months Ended
Dec. 31, 2015
Other Income [Abstract]  
Other Income

Note 20

 

Other Income

 

The following table summarizes the Company’s other income for the three years ended December 31, 2015, 2014, and 2013.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

Gain on Tucson, AZ asset sale (a)

$

 (2,279)

$

 -

$

 -

Foreign currency gains

 

 (1,616)

 

 (422)

 

 (433)

Remeasurement gain on equity method investment (b)

 

 (580)

 

 -

 

 -

Legal settlement gain (c)

 

 (460)

 

 -

 

 -

Other

 

 (650)

 

 (256)

 

 (644)

 

$

 (5,585)

$

 (678)

$

 (1,077)

 

a)

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.

b)

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.

During the fourth quarter the Company received $460 from the Steel Antitrust Settlement Fund related to a claim regarding steel purchased by the Company between 2005 and 2007.