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Other Expense (Income) - net
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Other Expense (Income) - net Other Expense (Income) - net
The following table summarizes the Company’s other expense (income) - net for the years ended December 31, 2023 and 2022:
20232022
Loss on the sale of Chemtec (a)$2,065 $— 
Loss on the sale of Concrete Ties (b)1,009 — 
Gain on Piling Products division asset sale (c)— (489)
Insurance proceeds (d)(215)(790)
Loss on the sale of Track Components (e)— 467 
Costs recovered from environmental cleanup activities (f)— (325)
Foreign currency losses77 434 
Other(301)(847)
Other expense (income) - net$2,635 $(1,550)
a.On March 30, 2023, the Company sold substantially all the operating assets of its Chemtec business, which was inclusive of its entire Precision Measurement Products and Services division, generating a $2,065 pre-tax loss.
b.On June 30, 2023, the Company sold substantially all the operating assets of the Ties business, located in Spokane, WA, generating a $1,009 loss on the sale.
c.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 in 2022.
d.In 2023 and 2022, the Company received $215 and $790, respectively, in insurance proceeds.
e.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.
f.In 2022, the Company received $325 to recover costs associated with environmental cleanup activities in a formerly leased property in Magnolia, TX.