Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 77

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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)$33 $23,652 $(618)$(213,635)Other comprehensive income (loss) before reclassifications688 88 (4,254)(1)(3,479)Amounts reclassified out of accumulated other comprehensive loss— — (3,539)— (3,539)Tax (provision) benefit— (18)2,104 — 2,086 Other comprehensive income (loss)688 70 (5,689)(1)(4,932)Balance at March 31, 2025$(236,014)$103 $17,963 $(619)$(218,567)The amount realized in the unaudited consolidated statement of operations during the three months ended March 31, 2025 which was reclassified out of accumulated other comprehensive loss was as follows (in thousands):Component of Accumulated Other Comprehensive LossThree Months Ended March 31, 2025LocationUnrealized Gain on Fair Value of Interest Rate Hedges$3,539 Interest expense, net of interest income

(14) STOCK-BASED COMPENSATION

Total stock-based compensation cost recognized for the three months ended March 31, 2025 and March 31, 2024 was $7.6 million and $6.3 million, respectively. The total income tax benefit recognized in the unaudited consolidated statements of operations from stock-based compensation expense for the three months ended March 31, 2025 and March 31, 2024 was $1.3 million and $1.2 million, respectively.Restricted Stock AwardsThe following table summarizes information about restricted stock awards for the three months ended March 31, 2025:Restricted StockNumber of SharesWeighted AverageGrant-DateFair ValueBalance at January 1, 2025387,960 $143.69 Granted62,387 232.35 Vested(64,610)113.49 Forfeited(7,868)141.62 Balance at March 31, 2025377,869 $163.53 As of March 31, 2025, there was $47.9 million of total unrecognized compensation cost arising from restricted stock awards. This cost is expected to be recognized over a weighted average period of 2.5 years. The total fair value of restricted stock vested during the three months ended March 31, 2025 and March 31,