Proxy Contest Costs and Recoveries |
12 Months Ended |
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Dec. 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 year ended December 31, 2021, the Company incurred proxy contest costs of $0.6 million related to the reimbursement of documented out-of-pocket fees and expenses to Privet and UPG. See Note 17 for further information on this related party transaction.
During the year ended December 31, 2021, the Company received insurance recoveries of $0.5 million related to a claim for a portion of the costs associated with the proxy contest. The Company received no insurance recoveries for the year ended December 31, 2020. 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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