Additional Financial Statement Information

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Additional Financial Statement Information

Additional Financial Statement Information

Other Income (Expense) Other

The caption “Other” on the consolidated condensed statements of operations consists of the following (in thousands):

	Fiscal quarter ended				Nine fiscal months ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Foreign currency exchange gain	$	1,283	$	1,261	$	2,138	$	5,195
Interest income	543		91		1,265		235
Pension expense	(72)		(81)		(217)		(261)
Other	(83)		(48)		(221)		(163)
	$	1,671	$	1,223	$	2,965	$	5,006

Foreign currency exchange gains represent the impact of changes in foreign currency exchange rates. For the fiscal quarter and nine fiscal months ended September 30, 2023, the change in foreign currency exchange gains and losses during the periods, as compared to the prior year periods, was largely due to exposure to currency fluctuations with the Israeli shekel, the Canadian dollar, the EURO and the British pound.

For the fiscal quarter and nine fiscal months ended October 1, 2022, the change in foreign exchange gains and losses during the periods, as compared to the prior year periods, was largely due to exposure to currency fluctuations with the Israeli shekel, the Japanese yen, the Canadian dollar, and the British pound. The change in the dollar-shekel exchange rate resulted in a favorable foreign exchange impact primarily related to the shekel-denominated lease liability for the Sensors facility in Israel.

Included in Other for the nine fiscal months ended October 1, 2022 is a $0.2 million loss on the liquidation of two of the Company's European subsidiaries.

Other Accrued Expenses

Other accrued expenses consist of the following (in thousands):

	September 30, 2023		December 31, 2022
Customer advance payments	$	8,766	$	7,983
Accrued restructuring	911		183
Goods received, not yet invoiced	2,632		2,523
Accrued taxes, other than income taxes	1,829		1,141
Accrued commissions	3,991		3,217
Accrued professional fees	1,847		1,360
Accrued technical warranty	771		740
Current accrued pensions and other post retirement costs	505		505
Other	2,825		2,654
	$	24,077	$	20,306