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Other General Expenses
3 Months Ended
Mar. 31, 2019
Other General Expenses  
Other General Expenses

 

13. Other General Expenses

 

Other general expenses are included within General and administrative expenses and primarily consist of the following (in thousands):

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

 

2019

 

 

2018

Starboard option valuation (a)

$

5,552

 

$

 -

Provision for uncollectible accounts and notes receivable (b)

 

24

 

 

1,187

Loss on disposition of fixed assets

 

289

 

 

161

Other

 

(413)

 

 

969

Other general expenses

 

5,452

 

 

2,317

Special Committee costs (c)

 

5,067

 

 

 -

Administrative expenses

 

40,616

 

 

37,679

General and administrative expenses

$

51,135

 

$

39,996

 

(a)

A one-time mark-to-market adjustment from the increase in the value of the Starboard option to purchase Series B Preferred Stock that culminated in the purchase of $50.0 million of preferred stock in late March. See Note 8 for additional information.

(b)

Bad debt expense recorded on accounts receivable and notes receivable.

Costs associated with the activities of the Special Committee of the Board of Directors, including legal costs associated with legal proceedings initiated by John H. Schnatter and the Settlement Agreement previously discussed and advisory costs associated with the review of a wide range of strategic opportunities that culminated in Starboard’s strategic investment in the Company by affiliates of Starboard.