XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.2
Other (Income)/Expense, net
 6 Months Ended
Jun. 30, 2021
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)
2021202020212020
Currency transaction (gains)/losses$175 $17 $341 $14,851 
Bank fees and amortization of debt issuance costs
104 93 210 168 
Components of net periodic pension and postretirement cost other than service(4)754 (6)1,139 
Other
587 227 917 502 
Total$862 $1,091 $1,462 $16,660 
Other (income)/expense, net included losses related to the revaluation of nonfunctional-currency balances of $0.3 million for the first six months of 2021, compared to losses of $14.9 million for the first six months of 2020, which principally resulted from an intercompany demand loan payable by a Mexican subsidiary. As a result of changes in business conditions that occurred in the first quarter of 2020, loan repayments on that intercompany loan are not expected in the foreseeable future and, beginning April 1, 2020, the revaluation effects are recorded in Other comprehensive income.