|FORTERRA, INC. filed this Form 10-Q on 11/09/2017|
Other Operating Income
The remaining categories of operating income and expenses consist of scrap income (associated with scrap from the manufacturing process or remaining scrap after plants are closed), insurance gains, rental income and the gain or loss generated on the sale of assets including property, plant and equipment.
Interest expense represents interest on indebtedness.
Other Expense, net
Other expense, net includes the loss on the U.S. Pressure Pipe Divestiture that occurred in July 2017.
Income Tax Expense
Income tax expense consists of federal, state, provincial, local and foreign taxes based on income in the jurisdictions in which we operate.
Results of Operations
Three Months Ended September 30, 2017 as Compared to Three Months Ended September 30, 2016
The following table summarizes certain financial information relating to our operating results for the three months ended September 30, 2017 and September 30, 2016. Also included is information relating to the operating results as a percentage of net sales.