Annual report pursuant to Section 13 and 15(d)

Other Income, Net

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Other Income, Net
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Income, Net Other Income, Net
Other income, net, includes interest earned on our cash balances, and other miscellaneous income (expense). Miscellaneous income (expense) includes insurance proceeds and gains and losses on disposals of capital assets.

Other income, net for the years ended December 31, 2024, 2023 and 2022 was as follows (in thousands):

Years Ended December 31,
  2024 2023 2022
Other income, net:
Interest earned on cash and cash equivalents, net $ 32,140  $ 28,630  $ 6,207 
Curtailment gain (1)
3,864  —  — 
Realized gain on pension settlement (1)
752  —  — 
Other employee pension costs 575  514  363 
Miscellaneous other income (expense), net (2)
2,352  2,364  (22)
Total other income, net $ 39,683  $ 31,508  $ 6,548 
(1)See Note 8, “Pension and Other Postretirement Benefits” for discussion of curtailment gain and realized gain on pension settlement.
(2)For the year ended December 31, 2024, miscellaneous income (expense), net includes $1.9 million of proceeds from a settlement with a title company regarding a defect in title to property acquired in a prior year. For the year ended December 31, 2023, miscellaneous other income (expense), net includes $1.4 million of interest and damages resulting from an arbitration settlement with an operator. See Note 13, “Commitments and Contingencies” for further information regarding the arbitration.