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Other (Income)/Expense, net
 3 Months Ended
Mar. 31, 2024
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)
20242023
Currency transaction (gains)/losses$(1,292)$60 
Bank fees and amortization of debt issuance costs
43 59 
Components of net periodic pension and postretirement cost other than service cost668 (125)
Other
(2,401)(449)
Total other (income)/expense, net$(2,982)$(455)
Other (income)/expense, net, included foreign currency related transactions which resulted in gains of $1.3 million in the first three months of 2024, as compared to losses of $0.1 million in the same period last year. The stronger Mexican Peso and weaker Euro during the three months ended March 31, 2024 led to a net gain on foreign currency related transactions, as compared to the same period last year. Other (income)/expense, net, also included gains on changes in fair value of derivative instruments, gains on sales of fixed assets, and rental income.