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Other (Income)/Expense, net
 6 Months Ended
Jun. 30, 2020
Other Income and Expenses [Abstract]  
Other (Income)/Expense, net Other (Income)/Expense, net
The components of Other (Income)/Expense, net are:
Three months ended June 30,Six months ended June 30,
(in thousands)2020201920202019
Currency transaction (gains)/losses$17  $342  $14,851  $(1,696) 
Bank fees and amortization of debt issuance costs93  72  168  181  
Components of net periodic pension and postretirement cost other than service754  281  1,139  562  
Other227  235  502  675  
Total$1,091  $930  $16,660  $(278) 

Other (Income)/Expense, net for the first three months of 2020 includes losses related to the revaluation of nonfunctional-currency balances of $14.8 million, which principally resulted from an intercompany demand loan payable by a Mexican subsidiary combined with the effects of a much weaker peso in 2020. As a result of changes in
business conditions that occurred in the first quarter of 2020, certain loan repayments are no longer expected in the foreseeable future and, beginning April 1, 2020, the revaluation effects for those loans are being recorded in Other comprehensive income. This resulted in gains of $0.6 million being recorded in Other comprehensive income in the second quarter of 2020. Other (income)/expense, net, for the first six months of 2019 included gains related to the revaluation of nonfunctional-currency balances of $1.7 million.