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Other (Income)/Expense, net
 9 Months Ended
Sep. 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 September 30,Nine months ended September 30,
(in thousands)2020201920202019
Currency transaction (gains)/losses$(148)$(2,028)$14,702 $(3,724)
Bank fees and amortization of debt issuance costs96 81 264 262 
Components of net periodic pension and postretirement cost other than service384 278 1,523 840 
Other(3,077)41 (2,574)716 
Total$(2,745)$(1,628)$13,915 $(1,906)

Other (Income)/Expense, net for the first three months of 2020 included losses related to the revaluation of nonfunctional-currency balances of $14.8 million, which principally resulted from intercompany demand loans payable by Mexican subsidiaries 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 a gain of $0.6 million, and a loss of $0.6 million being recorded in Other comprehensive income in the second and third quarters of 2020, respectively.
Other (income)/expense, net, for the first nine months of 2019 included gains related to the revaluation of nonfunctional-currency balances of $3.7 million.
In the third quarter 2020 Other income/expense, net we recorded other income of $2.6 million related to a successful claim for a rebate of foreign sales tax paid in previous years.