XML 85 R24.htm IDEA: XBRL DOCUMENT v3.25.4
Other Income (Expense), Net
 12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Other Income (Expense), Net Other Income (Expense), Net
The Central Bank of Argentina maintains certain currency controls that limit the amount of U.S. Dollars that may be remitted from Argentine entities, including certain of our customers. As a result of these controls, an indirect foreign exchange mechanism known as a Blue Chip Swap ("BCS") emerged in Argentina, which allows entities to remit U.S. Dollars from Argentina through the purchase and sale of BCS securities. During the year ended December 31, 2025, in order to collect an open accounts receivable balance with an Argentine customer, we purchased $2.5 million and sold $2.3 million of BCS securities and incurred a loss on the transactions of $0.2 million which is recorded in other income (expense) on our consolidated statements of operations.

Other income (expense), net consisted of the following: 
Year Ended December 31,
(In thousands)202520242023
Net gain (loss) on foreign currency exchange contracts (1)
$(271)$(727)$(3,238)
Net gain (loss) on foreign currency exchange transactions(5,053)403 (262)
Other income (expense) (2)
703 384 879 
Other income (expense), net$(4,621)$60 $(2,621)
(1)This represents the gains (losses) incurred on foreign currency hedging derivatives. See Note 18 for further information concerning our foreign currency exchange contracts.
(2)Included in this amount is $0.2 million of loss related to BCS security transactions during the year ended December 31, 2025.