Timkensteel Corp (TMST) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

The decrease was primarily due to $50.8 million of depreciation expense, partially offset by capital expenditures of approximately $16 million million during the nine months ended September 30, 2018.

Intangible assets, net decreased $3.1 million as of September 30, 2018 compared to December 31, 2017, primarily due to amortization expense of $4.2 million and approximately $0.4 million of impairment charges due to the discontinued use of certain capitalized software, partially offset by capitalized software expenditures of approximately $1.5 million during the nine months ended September 30, 2018.

changes in operating costs, including the effect of changes in our manufacturing processes changes in costs associated with varying levels of operations and manufacturing capacity availability of raw materials and energy our ability to mitigate the impact of fluctuations in raw materials and energy costs and the effectiveness of our surcharge mechanism changes in the expected costs associated with product warranty claims changes resulting from inventory management, cost reduction initiatives and different levels of customer demands the effects of unplanned work stoppages and changes in the cost of labor and benefits