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Other (Income)/Expense, net
 9 Months Ended
Sep. 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 September 30,Nine months ended September 30,
(in thousands)
2023202220232022
Currency transaction (gains)/losses$511 $(6,636)$(3,622)$(17,660)
Bank fees and amortization of debt issuance costs
49 76 140 252 
Components of net periodic pension and postretirement cost other than service cost(15)(138)(260)(411)
Other
(489)(220)(1,168)(72)
Total other (income)/expense, net$56 $(6,918)$(4,910)$(17,891)

Other (income)/expense, net, included foreign currency related transactions which resulted in losses of $0.5 million and gains of $3.6 million in the three and nine months ended September 30, 2023, respectively, as compared to gains of $6.6 million and $17.7 million in the same period last year. During 2023, the Mexican Peso weakened during the third quarter, but was overall stronger during the nine months ended September 30, 2023, driving the foreign currency gain in the period. During 2022, the Euro remained weaker for the three and nine months ended September 30, 2022, resulting in a more significant foreign currency gain during those periods.