Miscellaneous Expense (Income), Net

12 Months Ended

Dec. 31, 2020

Miscellaneous Expense (Income), Net [Abstract]

Miscellaneous Expense (Income), Net

17. Miscellaneous Expense (Income), Net

Components of Miscellaneous expense, net follow:

(Dollars in thousands)	2020		2019		2018
Pension expense	$	6,425	$	14,845	$	14,142
Argentina export tax matter		—		217		507
Gain on change of control		—		—		(2,586)
Modification of debt		—		—		1,046
Dividends/royalty from affiliates, net		(264)		(529)		(720)
Loss (gain) on sale of assets		87		(1,412)		(514)
Contingent consideration adjustment		(67)		(2,723)		(1,637)
Bank fees		1,498		1,798		1,656
Other, net		(2,174)		(474)		180
Total Miscellaneous expense, net	$	5,505	$	11,722	$	12,074

In 2018, we adopted ASU 2017-07, which requires all other components of net benefit costs (credit) besides service cost to be presented outside a subtotal of income from operations. As such, we recorded pension expense of $6.4 million in 2020, $14.8 million in 2019 and $14.1 million in 2018 related to these costs.

In 2018, the Company acquired 66% of the equity interests of FMU (Note 5), bringing our total ownership to 100%. Due to the change of control that occurred, the Company recorded a gain on purchase of $2.6 million, related to the difference between the Company’s carrying value and fair value of the previously held equity method investment.