Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
Chunk: 87

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 $10.4 $17.7 Amortization of capitalized implementation costs (1)$1.0 $1.0 $1.9 $1.7 (1) Amortization of capitalized implementation costs is recorded in "Selling, general and administrative expenses" in the Consolidated Statements of Operations.In addition, the Company periodically sells or disposes of its assets in the normal course of its business operations as they are no longer needed or used and may incur gains or losses on these disposals. Certain of the costs associated with these decisions are separately identified as restructuring. The Company reports asset impairment charges, excluding goodwill impairment, and gains or losses on the sales of property and equipment collectively, with restructuring charges in "Restructuring and other asset gains, net" in the Consolidated Statements of Operations to the extent they are experienced. Restructuring charges and the gain on sale of property and equipment, net are presented below:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Restructuring charges:Costs associated with exited operations – Enid$— $— $— $0.1 Workforce reductions— 0.9 — 0.9 Total restructuring related charges— 0.9 — 1.0 Gain on sale of property and equipment, net:Gain on sale of property and equipment, net(0.1)(0.2)(0.1)(1.1)Total gain on sale of property and equipment, net(0.1)(0.2)(0.1)(1.1)Restructuring and other asset gains, net$(0.1)$0.7 $(0.1)$(0.1)Restructuring charges by reportable segment and the Corporate and Other category are as follows:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Infrastructure Solutions$— $0.4 $— $0.5 Materials Solutions— 0.3 — 0.3 Corporate and Other— 0.2 — 0.2 Total restructuring related charges$— $0.9 $— $1.0 The net gains on sale of property and equipment by reportable segment are as follows:Three Months Ended June 30,Six Months Ended June 30,(in millions)202520