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Other Income (Expense), Net
 12 Months Ended
Dec. 31, 2019
Other Income and Expenses [Abstract]  
Other Income (Expense), Net
OTHER INCOME (EXPENSE), NET
The amounts included in "Other Income (Expense), Net" in the consolidated statements of income for the year ended December 31, 2019, 2018 and 2017 were as follows (in thousands):
 
For the Year Ended December 31,
 
2019
 
2018
 
2017
Interest and investment income
14,991

 
14,590

 
8,488

Gain on asset acquisition and sale of business
22,690

 
—

 
—

Loss on extinguishment of long-term debt
(5,488
)
 
—

 
—

Other
(3,131
)
 
(9,171
)
 
252

Other income (expense), net
$
29,062

 
$
5,419

 
$
8,740


Refer to Note 5, "Business Combinations and Other Transactions," for further information regarding the $14.2 million gain resulting from the R&I Acquisition and the $8.5 million gain on sale of our Hillcrest product business. Refer to Note 10, "Obligations," for further information on the $5.5 million loss on extinguishment of long-term debt recognized during the year ended December 31, 2019.
During the year ended December 31, 2019, we recognized a net loss of $2.6 million resulting from the partial impairment of one of our strategic investments partially offset by a gain on sale of a separate strategic investment. During the year ended December 31, 2018, we recognized an aggregate $8.4 million loss resulting from the sale of our entire ownership interest in one of our strategic investments and the impairment of a separate strategic investment. These items are included in the "Other" caption in the table above.