Other (Income)/Expense, net

3 Months Ended

Mar. 31, 2022

Other Income and Expenses [Abstract]

Other (Income)/Expense, net

Other (Income)/Expense, net

The components of Other (Income)/Expense, net are:

	Three months ended March 31,
(in thousands)	2022		2021
Currency transaction (gains)/losses	$	(3,741)	$	166
Bank fees and amortization of debt issuance costs	96		107
Components of net periodic pension and postretirement cost other than service cost	(136)		(2)
Other	(147)		329
Total	$	(3,928)	$	600

Other (income)/expense, net, included foreign currency related transactions which resulted in gains of $3.7 million in the first three months of 2022, as compared to losses of $0.2 million in the same period last year. Current year gains were primarily driven by the remeasurement of intercompany demand loans payable by a Mexican subsidiary.