Clearwater Paper Corp
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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Other Operating Charges, net
NOTE 10: OTHER OPERATING CHARGES, NET
The major components of “Other operating charges, net” in the Consolidated Statements of Operations are:
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Acquisition related costs | $— | $14.1 | $1.9 |
| Integration costs | 6.4 | 8.0 | — |
| Cost reduction plan | 10.4 | — | — |
| Loss on sale or impairment associated with assets | 6.5 | 1.5 | 0.1 |
| Representation and warranty insurance proceeds | (17.0) | — | — |
| Directors' equity-based compensation expense | (1.0) | (0.4) | 0.9 |
| Other | 3.6 | 0.8 | 0.3 |
| $8.9 | $24.0 | $3.2 | |
During 2025, we recorded $8.9 million of expense in "Other operating charges, net." The main components of the expense include:
expense of $6.4 million associated with integration activities (primarily professional services);
expense of $10.4 million associated with our cost reduction plan (including $6.6 million of severance cost and other items);
loss of $6.5 million associated with the impairment of equipment and related spare parts no longer being used;
proceeds of $17.0 million related to claims made on our representations and warranties insurance policy; and
reversal of expense of $1.0 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.
During 2024, we recorded $24.0 million expense in "Other operating charges, net." The main components of the expense include:
expense of $14.1 million associated with acquisition activities (primarily legal and professional services);
expense of $8.0 million associated with integration activities (primarily professional services);
loss of $1.5 million associated with the impairment of equipment and related spare parts no longer being used; and
reversal of expense of $0.4 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.
During 2023, we recorded $3.2 million of expense in "Other operating charges, net." The main components of the expense include:
expense of $1.9 million related to acquisition activities and other expenses including consulting and legal fees associated with our efforts to achieve long-term performance improvements;
loss of $0.1 million associated with the impairment of fixed assets; and
expense of $0.9 million relating to directors' equity-based compensation which is remeasured each period based upon changes in our stock price.
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