Other (Income)/Expense, net

3 Months Ended

Mar. 31, 2023

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)	2023		2022
Currency transaction (gains)/losses	$	60	$	(3,741)
Bank fees and amortization of debt issuance costs	59		96
Components of net periodic pension and postretirement cost other than service cost	(125)		(136)
Other	(449)		(147)
Total	$	(455)	$	(3,928)

Other (income)/expense, net, included foreign currency losses of $0.1 million in the first three months of 2023, as compared to gains of $3.7 million in the same period last year. The weaker Euro and Renminbi during the three month period ended March 31, 2023 led to a net loss on foreign currency related transactions, compared to a stronger Euro and Renminbi in the same period last year.