Question-and-Answer Session
Operator
[Operator Instructions]
Our first question will come from Jeff Zekauskas of JP Morgan.
Jeffrey Zekauskas - JP Morgan
Hi, good morning.
Robert M. Amen - Chairman and Chief Executive Officer
Good morning, Jeff.
Jeffrey Zekauskas - JP Morgan
I was looking on the funds flow statement, and there's a line for gain on disposal of assets, that was $6.7 million. And I guess in the first quarter there was a $0.8 million gain. So what is that $5.9 million gain?
Douglas J. Wetmore - Senior Vice President and Chief Financial Officer
It is the sale of an idle asset dating back to the days of the BBA acquisition. It's a plant has been closed for the thick end of seven years, and at the same point in time offsetting that were certain costs associated with demolition and so forth, but you have to break out that gain separately.
Jeffrey Zekauskas - JP Morgan
So forgive me, there was a $5.9 million after-tax gain in the quarter, is that correct?
Douglas J. Wetmore - Senior Vice President and Chief Financial Officer
I think that's a pre-tax gain. I would have to check on that. But I... I understand your point. There is a gain on a sale of assets.
Jeffrey Zekauskas - JP Morgan
Yes, it looks like it's $0.06 a share. Is that right? $0.065?
Douglas J. Wetmore - Senior Vice President and Chief Financial Officer
Probably a little bit less than that, Jeff, but I think that's one element of other income and expense. Other income and expense was up about $2 million or so from the prior year.
Jeffrey Zekauskas - JP Morgan
Yes. Okay. I'm just surprised you didn't call that out.
Douglas J. Wetmore - Senior Vice President and Chief Financial Officer
Well, you know, it's in other income, Jeff, and there are a number of elements that are in other income. Exchange gains and losses, interest income, gains on the sale and disposition of assets, and the accrual for demolition of some closed facilities, and it is in other income because it is other.
And it is highlighted on the funds flow statement, so I look at things overall in the context of materiality to the consolidated financial statements and I made a judgment that that was not necessary to be broken out separately.
Jeffrey Zekauskas - JP Morgan
Okay.
Douglas J. Wetmore - Senior Vice President and Chief Financial Officer
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