Proxy Contest Costs and Recoveries |
3 Months Ended |
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Mar. 31, 2021 | |
| Other Income and Expenses [Abstract] | |
| Proxy Contest Costs and Recoveries | Proxy Contest Costs and Recoveries During the six months ended June 30, 2020, the Company engaged in a proxy contest with Privet Fund Management, LLC ("Privet") and UPG Enterprises, LLC ("UPG"), which parties acted as a group during the proxy contest. During the year ended December 31, 2020, total costs incurred by the Company relating to the proxy contest were $3.1 million.
During the three months ended March 31, 2021, the Company recorded a receivable for insurance recoveries of $0.5 million related to a claim for a portion of the costs associated with the proxy contest. The funds were received in the second quarter of 2021. The Company continues to seek coverage under its policies for reimbursement of costs associated with the proxy contest; however, any future reimbursement under the policies are neither probable nor estimable at this time.
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- References No definition available.
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- Definition The entire disclosure for other operating income and other operating expense items. No definition available.
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