Other (Income)/Expense, net

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
(in thousands)	2023		2022		2023		2022
Currency transaction (gains)/losses	$	(4,193)	$	(7,284)	$	(4,133)	$	(11,024)
Bank fees and amortization of debt issuance costs	33		80		91		176
Components of net periodic pension and postretirement cost other than service cost	(120)		(137)		(245)		(273)
Other	(231)		296		(679)		148
Total other (income)/expense, net	$	(4,511)	$	(7,045)	$	(4,966)	$	(10,973)

Other (income)/expense, net, included foreign currency related transactions which resulted in gains of $4.2 million and $4.1 million in the three and six months ended June 30, 2023, respectively, as compared to gains of $7.3 million and $11.0 million in the same period last year. The stronger Euro and Mexican Peso during the three and six months ended June 30, 2023 led to a lesser gain on foreign currency related transactions.